The state of New Jersey requires all commercial businesses to have worker’s compensation liability coverage, which is part of a typical commercial insurance policy. Anyone that hires at least one employee is required by law to carry worker’s compensation liability. Factors that will determine the cost of insurance policy will be the type of industry you are in, the coverage limits, your location and the size of the company. If you are in a high-risk industry such as construction, your worker’s compensation liability might make it more expensive. A typical commercial insurance policy covers bodily injury and property liability, which means any damages at your business premises caused by you or your employees to someone else or their property. The state of New Jersey makes it mandatory for businesses to offer employee disability coverage.

You should get commercial insurance to insure the future of your business, yourself and your employees. A single accident or lawsuit can wipe out your funds. Paying an insurance premium is the least you can do to protect your business. What you need is an insurance agent that is well acquainted with local rules and regulations and has in-depth knowledge of commercial insurance in New Jersey. It is also important for the agency to have good customer service for their clients. Five Star Insurance Agency serving Fords, NJ is one such agency that can help guide you with the right policy for you. Not only with the offer advice on commercial insurance but will provide you with an understanding of how your commercial insurance integrates with other insurance policies you might have. For Fords, NJ residents, you can get in touch with Five Star Insurance Agency by either stopping by at the office or giving them a call. The contact details are available on the website.