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MSM Insurance Agency Inc

78 John Miller Way
Ste 1014
Kearny, NJ 07032

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Commercial Insurance

Commercial Insurance: FAQs

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Unraveling Business Insurance for New Jersey Businesses

Are you a business owner seeking to protect your venture with the right commercial insurance? Perhaps you’re contemplating upgrading your existing policy. This blog helps answer common questions related to business insurance.

What type of business insurance do you need?

A multitude of insurance options are available for your business and should be chosen based on your company-specific needs. For instance, if you own a commercial property, you might want to consider a business owner’s policy. Additionally, having workers’ compensation is essential if you employ staff.

Is insurance necessary for home businesses?

Yes. If you operate a home-based business, securing relevant insurance is critical. Home businesses, much like traditional businesses, face similar risks. If customers frequently visit your home-based entity, it’s best to have general liability insurance.

Is business insurance mandatory in New Jersey?

All limited liability companies (LLCs) and partnerships must have proper business insurance coverage in New Jersey. Further, like most US states, New Jersey requires all companies to have workers’ compensation coverage to protect employees.

If you’re a business owner in New Jersey and require commercial insurance, contact MSM Insurance Agency Inc. We’re equipped to provide the necessary information about various insurance options. Serving clients in Kearny, NJ, and nearby areas, we’re eager to answer your questions and provide extensive support.

Four important decisions you make when you buy commercial insurance

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You’ll have plenty of important decisions to make when you are in the market for the right commercial insurance for your company in Wenatchee, WA. At MSM Insurance Agency Inc., we can help you make these important decisions so that your company is adequately covered.

The following are four important decisions you make when you buy commercial insurance:

The amount of coverage you buy for your company

You need to make sure that your company is adequately insured by choosing high enough coverage maximums. It’s best to purchase enough coverage for your company so that you’re covered for the full value of your company’s assets. 

The types of coverage you invest in

Before you purchase a policy, familiarize yourself with all the different types of commercial coverage.

All commercial policies should include liability coverage. Your commercial insurance policy may also need to include commercial auto, workers’ compensation, commercial property, or business interruption coverage. These are just a few of the many available coverage types. 

The insurance provider you purchase your policy from

Choosing the right insurance provider is important. Purchase your commercial insurance with an established insurance provider with a history of providing good customer service and quality coverage. 

The deductible amounts on your commercial insurance policy

Commercial insurance policies typically include deductibles. You’ll have to pay your deductible when you file a claim. Deductible amounts have a big impact on premium costs.

You should choose a deductible amount that’s low enough for your business to be able to easily cover it if you have to file a claim.

Reach Out To Us

It’s essential to purchase insurance for your Wenatchee, WA business. Contact us at MSM Insurance Agency Inc. to get a policy quote and find the right coverage for your company.