Does Commercial Insurance Prevent Personal Liability?

Posted on November 26, 2025November 14, 2025 by admin

If you aren’t sure whether business or commercial insurance eliminates the potential for personal liability, rest easy. You are not alone. Learn more about protecting your assets while running a business.

Be Safe Instead of Sorry

One way to protect your money and assets when running a business is to structure the enterprise as a limited liability company or LLC for short. As the name indicates, personal liability is limited when running this type of business.

Commercial insurance also helps mitigate risk. Protect your Kearny, NJ business with extensive commercial insurance through MSM Insurance Agency Inc. and you’ll operate with full confidence. This way, if something goes wrong, such as an on-site injury or defective product, a lawsuit won’t bankrupt you or the business.

The Issue of Personal Liability

If you move forward without insurance and your business is in your name, your personal assets could be at risk. That means a lost lawsuit will put your savings, investments, home, business and other assets in jeopardy.

When in doubt, choose a fully insured LLC over a general partnership or sole proprietorship. However, even if you move forward with a non-LLC, comprehensive commercial insurance will help you maximize your protection.

Insurance Protects Against Different Types of Liability

Two primary types of liability for business owners are contractual liability and tort liability. "Tort" is a legal term used to refer to a wrong done to another party. For example, a defective product or a dangerous storefront that causes injury may be considered torts.

Insurance provides legal protection against both tort and contractual liability. This way, if it is proven your business violated a contract or caused a tortious wrong, your insurance coverage will be applicable.

Though insurance doesn’t always cover the entirety of damages after a lost lawsuit, it minimizes the financial impact. The underlying purpose of commercial insurance is to keep your business humming along like a well-oiled machine even if it loses one or more lawsuits.

Contact MSM Insurance Agency Inc.

Serving Kearny, NJ and surrounding areas, we make it easy for you to protect your business so you can get back to running your business. Give us a call today.

What Is Liability Auto Insurance and How Is It Different From Full-Coverage Auto Insurance?

Posted on October 31, 2025October 24, 2025 by admin

If you’re buying a car, it’s important to get the right kind of auto insurance for your needs. There are many types of auto insurance, including liability and full coverage. It’s important to understand the difference between these two types of insurance so you can make an informed decision when picking coverage for your vehicle.

The professionals at MSM Insurance Agency Inc., serving Kearny, NJ, can help. We’ll answer your questions and help you shop around until you find a reliable insurance policy from a trusted carrier. Here’s what to know.

What Is Liability Auto Insurance?

Liability auto insurance pays to repair or replace the other vehicle if you cause a car accident. Liability auto insurance does not pay to repair your vehicle, even if you didn’t cause the accident. People who choose liability auto insurance are often those who have older or less valuable vehicles.

How Is Liability Auto Insurance Different From Full-Coverage Auto Insurance?

Full-coverage auto insurance is a combination of several types of auto insurance, including liability, collision and comprehensive. This type of insurance will pay to repair or replace your vehicle under various circumstances, including if you damage your vehicle in a collision or if your vehicle is damaged in a non-collision events, like a fire. People who choose full-coverage auto insurance often have newer vehicles that would be expensive to repair or replace.

Want Auto Insurance? We Can Help

If you want auto insurance, the professionals at MSM Insurance Agency Inc., serving Kearny, NJ, can help. We can answer your questions about auto insurance and help you shop around for a policy that you can feel good about. Call to speak with one of our trusted insurance professionals.

Can You Use Home Insurance To Pay For New Appliances?

Posted on September 30, 2025September 24, 2025 by admin

Home insurance in Kearny, NJ, can often help with replacing personal property. However, you can’t file a claim simply because you want new appliances. There are specific technical details you need to understand.

Covered Events

Insurance policies provide coverage in the event of damage caused by a covered incident. For instance, if your policy includes hurricane damage and a hurricane damages your appliances, you can file a claim to replace them. Many policies cover natural disasters, theft, electrical issues, fires, and wind damage.

Exclusions

Policies also have exclusions. Some exclude damage from storms unless it is a named storm. Others may exclude water damage, damage from fallen trees, or damage caused by pests. Always review the fine print of your policy to understand what is and is not covered. An agent at a company like MSM Insurance Agency Inc. can help explain your policy in detail.

Coverage Limits

Every home insurance policy has a coverage limit for personal property. If you need to replace expensive appliances, high-value items, or a large number of belongings, you may exceed your coverage limits. It’s a good idea to create a list of items in your home and estimate the cost to replace them.

Once you have a personal inventory, contact your insurance agent to ensure you have sufficient coverage. You may need to purchase additional coverage to increase your policy limits or protect high-value items.

We understand the importance of ensuring necessities, such as appliances, are covered. Agents at MSM Insurance Agency Inc. can review your policy with you and help determine the coverage you need. Contact us today to get started. We proudly serve the Kearny, NJ, area.

How much trucking insurance am I required to carry in the state of New Jersey?

Posted on August 29, 2025August 25, 2025 by admin

Every state has its own insurance requirements for truckers. While many states’ requirements may be similar, it’s important to understand what your state specifically requires if you’re a trucker. Our Kearny, NJ, team at MSM Insurance Agency Inc. is dedicated to helping truckers get the coverage they need to legally and safely operate within the state, as trucking laws can vary significantly from state to state.

What Is Trucking Insurance?

Trucking insurance is similar to conventional car insurance in that it protects your moving vehicle. However, trucking insurance is tailored to meet the specific needs of truckers. It provides coverage for cargo, legal and liability protection, property damage, and more.

How Much Trucking Insurance Is Required in New Jersey?

All truckers are required to carry commercial liability insurance. If you operate a truck weighing more than 26,000 pounds, you must purchase $1.5 million in commercial liability coverage. For smaller trucks weighing between 10,000 pounds and 26,000 pounds, you are required to carry at least $300,000 in commercial liability insurance. Commercial liability insurance is similar to auto liability insurance in that it protects truckers from bodily injuries, property damage, and any deaths resulting from accidents.

Motorcycle Insurance Coverage for Custom Part Replacement After an Accident

Posted on July 31, 2025July 24, 2025 by admin

One of the best reasons to purchase a motorcycle is the ability to make it your own. From custom paint jobs that enhance its appearance to chrome accessories, it’s easy to invest a significant amount in your bike. Your motorcycle insurance should cover your losses and the actual value of the bike—if you select the appropriate coverage level.

At MSM Insurance Agency Inc., we help our clients select the correct type of motorcycle insurance tailored to their needs in Kearny, NJ. Before purchasing coverage, ensure it accounts for the actual value of your vehicle.

Consider the Value of Replacement Components

Most motorcycle insurance policies do not automatically provide coverage for custom parts. Instead, they typically cover the expected value of your motorcycle based on the manufacturer’s specifications. However, this doesn’t mean you have to be at risk.

Work with our motorcycle insurance team to determine the value of your vehicle, including manufacturer costs as well as upgrades and modifications you’ve made. Gather information on the cost to replace those components. Please speak to your agent about the changes you’ve made to all components, whether they are aesthetic features like paint jobs or functional upgrades such as exhaust systems.

Choosing a policy that includes custom insurance coverage gives you peace of mind. It protects your investment and ensures that, in the event of an accident, your coverage matches the value of your bike.

Let Our Team Help You Today

Contact MSM Insurance Agency Inc. today to get a quote for custom motorcycle insurance in Kearny, NJ. Our team can help you determine the appropriate level of insurance for your needs and build a strong level of protection for all of your risks. Invest wisely with the help of our agency.

How Term Life and Whole Life Insurance Are Similar

Posted on June 30, 2025June 24, 2025 by admin

There are several differences between whole life insurance and term life insurance, each with its own advantages and disadvantages. However, at their core, both types of insurance serve the same purpose: providing financial protection for your loved ones. It’s crucial to have life insurance to ensure those you leave behind are cared for. Never go without life insurance if you have people who depend on you. To get started with life insurance, contact us at MSM Insurance Agency Inc. in Kearny, NJ.

Term Life Insurance

Term life insurance is a policy that remains in effect for a specific term or duration. Once the term ends, the policy expires. This type of life insurance is popular because it is generally more affordable than whole life insurance. However, term life policies do not accumulate any cash value over time.

Whole Life Insurance

Whole life insurance is a policy that remains in effect for the entire life of the policyholder, allowing them to keep it for as long as they wish. Additionally, it builds cash value over time, which can be borrowed against if needed. These features make whole life insurance a popular choice for those seeking long-term financial security.

Death Benefits

Despite their differences, both whole life and term life insurance policies share a key similarity: they provide a death benefit to beneficiaries upon the policyholder’s passing. This benefit offers peace of mind to both policyholders and their loved ones, ensuring financial support during difficult times. Both types of policies are integral to a solid financial plan for the future.

Get Life Insurance Today

If you don’t have life insurance or need additional coverage, we’re here to help. To learn more about these policies and get started, contact us today at MSM Insurance Agency Inc. in Kearny, NJ.

Get Healthy with these Tips to Stay in Shape! Use your Health Insurance for Growth!

Posted on May 30, 2025May 28, 2025 by admin

We all know the feeling in New Jersey of wanting to get into shape, but not knowing how to start. With so much varied advice out there, it can be challenging to know where to begin. Fortunately, we at MSM Insurance Agency have some simple hacks you can use to stay motivated and get into shape quickly.

1. Set realistic goals: Fitness goals can sometimes seem overwhelming, so it’s essential to set achievable targets that align with your lifestyle and fitness level. Don’t set unrealistic expectations or attempt too much too soon. Break your goals down into smaller steps and tackle each one until you reach the end goal.

2. Find an exercise partner: Working out with a friend or family member can help keep you accountable and make exercising more enjoyable! Having someone else by your side will increase your likelihood of sticking with working out, rather than giving up when motivation wanes.

3. Get creative: It’s easy to become bored with the same old exercises, so switch things up from time to time! Try different types of workouts, such as yoga or Zumba classes, outdoor activities like running or biking, or even home-based exercises like using weights or resistance bands for an extra challenge.

4. Track your progress: Keeping track of your progress is crucial to staying motivated when pursuing fitness goals. Record each workout session and note any improvements in strength, speed, or endurance over time. This will further motivate you.

For more tips or information on a health insurance policy, give us a call at MSM Insurance Agency today. Our insurance offices are located in Kearny, NJ.

Make sure your Commercial Insurance policy has these three coverage options

Posted on April 30, 2025May 16, 2025 by admin

Running a business requires immense dedication, and your company must have the protection it needs. Whether you’re launching a new business or looking to update your current policy, ensure that you have sufficient protection in the following three policy options. The team at MSM Insurance Agency is here to guide you through the sometimes perplexing process of selecting commercial insurance. If you’re in the greater Kearny, NJ area, it’s time to meet with our team and ensure you have the right coverage to meet your commercial insurance needs. Here are a few of the key options your policy should include.

Consider these three coverage options when selecting your Commercial Insurance policy.

Business interruption coverage—If a covered event causes your business to be inoperable, this feature will help you stay afloat until your production is back online.
Inventory replacement—Loss of inventory due to a covered event can create a serious problem. With inventory replacement coverage, you can be confident that your company will be back in business promptly.
Vehicle coverage – Many businesses depend on their vehicle fleet to do their job. If your vehicles are damaged or stolen, it can significantly impact your ability to meet your customers’ needs. With adequate vehicle coverage, you can keep moving while your vehicles are repaired or replaced.

If you own a small or large business in the Kearny, NJ, area, the team at MSM Insurance Agency is here to help you better understand your options. Feel free to stop by or call us today to set up a consultation.

What College Students Need to Know About Auto Insurance

Posted on March 28, 2025May 16, 2025 by admin

Embarking on your college journey is exhilarating, particularly when it involves leaving home. If you’re a college student or the parent of one, it’s crucial to understand certain aspects of car insurance. The team at MSM Insurance Agency, serving the greater Kearny, NJ area, is here to answer your queries and review either the family or individual policy to ensure it provides sufficient coverage.

Helping College Students Understand Car Insurance

Auto insurance premiums and coverage levels can differ significantly among individuals and families. College students residing on campus may not need the same level of coverage as someone commuting to college or working a job that requires daily driving. Many college students discover that upon reviewing their auto policy, it doesn’t provide the appropriate level of coverage for their circumstances. Additionally, college students might want to consider adding other protections to their policy, such as rental car coverage and roadside assistance. A comprehensive auto insurance policy can offer much more than a sense of security.

Parents with a college student still on the family policy might find it advantageous to compare their current policy with an individual policy for the student. With numerous options available, finding the policy that best suits your needs is sensible.

If you want to ensure that your current auto policy is the right fit for your college student, contact the team at MSM Insurance Agency today to schedule a review. We’re proud to serve the greater Kearny, NJ area and look forward to assisting you!

Residential Insurance Coverage for Detached Structures

Posted on February 27, 2025May 16, 2025 by admin

Detached structures that are located on your residential property may need specialized insurance coverage. Consider the condition of each detached structure. Assess the overall value of each structure. Choose residential coverage that will protect each structure from damage and theft.

Detached Structures

A mother-in-law home, a freestanding garage, or a fence would qualify for detached structure coverage. Assess each freestanding building or functional feature that is on your land. Consider the condition of each structure. If any structures are prone to becoming damaged or stolen, you should consider adding them to your residential insurance policy.

The Overall Value

Consider the overall value of each structure. Assess the amount that you have invested in each building or functional feature. Then, determine how difficult it would be to repair or replace each structure. Each structure’s use and monetary value will help you decide if you would like to add each item to your residential insurance plan.

The Contents Owned

Your insurance policy can include coverage for the possessions that are stored within a structure. Contents coverage should be assigned to items of value. Complete an inspection of the items that you own. Prepare a list of any items of value that you would like to add to your home insurance policy.

Residential Insurance Coverage Types

Detached structures insurance can protect against adverse weather conditions, theft, and vandalism. Choose the level of protection you need.

Assistance With Residential Insurance Upgrades

Contact one of our agents serving Kearny, NJ. An MSM Insurance Agency Inc. agent will consult with you about coverage for detached structures and provide guidance on choosing a coverage amount that will provide enough protection for your detached structures and the contents stored within them.

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