Archive for 2014

The Different Types of Small Business Insurance

Business insurance is there to protect your company from lawsuits. To guide any entrepreneur looking to choose a specific insurance policy, here are a few of the most common choices explained:

General liability– Every type of business, whether office or home-based, needs to have liability insurance. Having such provides adequate defense from situations wherein either the owner, his/her employees, or the products/services being offered cause (or are alleged to have caused) bodily harm or property damage to any party.

A Good Technology Insurance Company Can Help Offset Tech Problems

Businesses, even the smallest of them, should be more willing to protect their assets. Insurance might not prevent an actual cyber-attack from happening, but it can preserve business continuity. An accommodating technology insurance company such as should be able to secure hedges for a business against whatever risks the company could face in the future. It is not enough to chart the growth of a business; owners also need to plan for the worst. Risk management arrangements can help businesses come up with contingency plans in the event of a crisis such as a cyber-attack or a network crash, but it will not save a company from having to pay for the total cost of the damage. Businesses that have high profile clients, in particular, will need a way to cover for the expensive losses they might suffer, or risk losing their clientele and even more money in the process. Tech insurance for small business owners might sound like a tall investment, but it can be a lifesav
Friday, December 5, 2014
Posted by Dan Levenson

Technology Insurance Policies and Other Ways to Stay Safe from Hackers

Take note that your typical liability coverage will not cover the costs associated with cyber-attacks or malware/viruses. For this, you’ll need to purchase a comprehensive technology insurance policy for your business. This should financially protect your business in the event of a data breach and the like. Needless to say, you should purchase technology insurance for small business owners from respected agencies like Similarly, you should make sure that the insurance policy you purchase provides coverage for the most common risks your business faces.
Thursday, December 4, 2014
Posted by Dan Levenson

Comprehensive Technology Insurance: A Must for All U.S. Businesses

Fortunately, insurance companies, like, offer technology insurance policies. In a nutshell, technology insurance covers problems that may arise with your IT services. From data breaches to system integration and updates, this type of insurance protects your business from the costs associated with fixing the problem. Why is technology insurance an important insurance for small business owners to get? Contrary to popular belief, small to mid-sized businesses (SMBs) are a preferable target for hackers. In fact, a 2012 survey revealed that 87% of SMBs in the U.S. experienced a cyber-attack on their data systems—and why not? With less encryptions and other security measures, infiltrating SMBs are a walk in the park for experienced hackers.
Wednesday, December 3, 2014
Posted by Dan Levenson

A Capable Technology Insurance Company Provides Liability Coverage

If a piece of critical hardware malfunctions (such as those found in cars) and the error inadvertently leads to injury or death, it is often enough for customers to make negligent claims against the designers. Such mistakes can be extremely costly for tech companies, and can run businesses to the ground if they fail to handle the situation properly. A well-versed technology insurance company should be able to provide tech firms with reasonable professional liability coverage to deal with such instances.
Tuesday, December 2, 2014
Posted by Dan Levenson

Business Insurance Protects Your Company

The business world is fairly litigious, with lawsuits being filed all over place. Ensure that your New Jersey business is protected by liability insurance.

What it is

Business liability insures your assets in case a lawsuit is filed against you and you end up needing to pay for damages or the hospital expenses of the victims. It also covers other legal costs that you will incur, like the cost of hiring legal defense.
Sunday, November 30, 2014
Posted by Dan Levenson

Insurance: What the Self-employed Should Know

Self-employment can be liberating but it does have its downsides. One of these is the lack of health benefits. Thankfully, the Affordable Care Act allows for entrepreneurs to acquire NJ health insurance plans much more easily– here’s what you need to know about it:

Mandatory Health Coverage

One of the most prominent provisions of the ACA, also commonly called Obamacare, is quite simple: affordable (and mandatory) health insurance coverage for every American. This provision gives employers the responsibility of getting insurance for their workers– all taxpayers should have at least minimal coverage by this year, otherwise the IRS might end up penalizing offenders. For this year, the tax penalty will either be 1% of income or $95.00, whichever is greater.

No more Coverage Denial

Insurance providers are no longer allowed to deny coverage to anyone with a preexisting condition as part of attaining their primary goal– this is great news for the self-employed who would otherwise have to pay the IRS fine. Moreover, you can no longer be charged with higher rates based on your race or gender, nor can your insurance provider hold your claim back the moment you get sick. You can also obtain tax credits from your insurance.

Look for a reliable provider to gain these benefits. Many New Jersey health insurance providers will be more than willing to help you get the best coverage you can afford.
Sunday, November 23, 2014
Posted by Dan Levenson

Gauri Gupta Earns Chartered Healthcare Consultant (ChHC) Designation

Gauri Gupta, CBC,ChHC, Director-Employee Benefits Division, at, a provider of reliable small business health insurance in NJ, has earned the Chartered Healthcare Consultant (ChHC) professional designation from The American College, Bryn Mawr, PA. Candidates for the ChHC designation must complete a minimum of six courses and 12 hours of proctored examinations. They must also fulfill stringent experience and ethics requirements. The ChHC program is considered the most comprehensive credential available for benefits specialists, healthcare consultants, and finical advisors interesting effectively providing clients with cutting-edge information. The curriculum provides professionals with an in-depth understanding of the latest reforms in healthcare mandated by recent legislation.
Tuesday, November 18, 2014
Posted by Dan Levenson

When Your Primary NJ Business Insurance Runs Dry, Open an Umbrella

You may ask: "Why can't I just expand my general liability insurance rather than buy an umbrella insurance?" You'll save more in premiums when you opt for an umbrella policy than if you were to expand your primary coverage. A large firm can pay over $3,000 a year for general liability coverage of $1 million. If you need another million, an umbrella policy can only cost below $1,000. Overall, umbrella insurance is a great way to reduce insurance expenses while expanding a company's protective field. As secondary coverage, umbrella policies won't take effect until the primary coverage is exhausted, making them rather affordable. Trusted insurance companies in NJ such as suggest buying an umbrella to keep you dry during a legal storm.
Sunday, November 16, 2014
Posted by Dan Levenson

Provide Health Insurance to Get Tax Credits

Enrolling your employees in a small business health insurance plan does more than just help them stay healthy. The IRS can actually give you tax credits for doing it .


According to the IRS, a small employer is eligible if he has fewer than 25 workers employed full-time or a mix between full-time and part-time; furthermore, their average annual wages should not exceed $50,000. The employer should also pay uniform percentage for all employees equal to or more than 50% of the insurance coverage’s premium cost. Tax-exempt organizations falling under these factors may also qualify.
Saturday, November 15, 2014
Posted by Dan Levenson

D&O Insurance: The Least-Known Small Business Insurance Explained

Directors and officers (D&O) liability insurance is the "most discussed and least understood" form of insurance, writes Hartmut Mai, global head of financial lines at Allianz. Despite being offered by small business insurance providers such as, very few have a clear idea of its benefits. Regardless, there's no denying the growing demand for this type of insurance. According to insurance analytics firm Advisen, while per-occurrence limits in D&O insurance dropped by 19 percent in 2012, the amount of written premiums increased to $2.154 million from $2.086 million just two years ago. The market continues to enjoy demand mostly from companies with revenues of $300 million and up.
Friday, November 14, 2014
Posted by Dan Levenson

Small Business Insurance Provider Earns ChHC Professional Designation

Gauri Gupta, CBC,ChHC, Director-Employee Benefits Division, at, a provider of reliable small business health insurance in NJ, has earned the Chartered Healthcare Consultant (ChHC) professional designation from The American College, Bryn Mawr, PA. Candidates for the ChHC designation must complete a minimum of six courses and 12 hours of proctored examinations. They must also fulfill stringent experience and ethics requirements. The ChHC program is considered the most comprehensive credential available for benefits specialists, healthcare consultants, and finical advisors interesting effectively providing clients with cutting-edge information. The curriculum provides professionals with an in-depth understanding of the latest reforms in healthcare mandated by recent legislation.
Wednesday, November 12, 2014
Posted by Dan Levenson

The Importance of Technology E&O Insurance for Small Business Owners

As an owner of a technology business, you must be aware of these kinds of problems since they can arise at any time. Also, the rate of development in the technology sector is so rapid as to make predicting failures and mistakes all but impossible. Small business owners who tend to ignore E&O insurance end up shedding a significant amount of money when they commit errors such as releasing substandard products, hurting their profit and their reputations. Running a technology-based business requires technology-based protection. Basic packages like general liability insurance cannot cover IT-specific aspects such as lost data or stolen/hacked information. Approach your trusted technology insurance company to learn more about E&O insurance.
Monday, November 10, 2014
Posted by Dan Levenson

Reasons to Get Business Insurance in NJ for Your Starting Company

General liability insurance can protect your business from future lawsuits. This coverage can provide the funds needed for your legal defense or pay for the necessary judgments, making lawsuit claims less expensive for you. On the other hand, professional liability protects you from lawsuits caused by your company’s errors in your product or service. These kinds of policies constitute the basic insurance suite that a small company needs. Having additional coverage can help, but make sure you assess the needs of your NJ business to justify spending for insurance. The important thing to consider is that having the right NJ insurance for your company will never go to waste.
Saturday, November 8, 2014
Posted by Dan Levenson

Trusted Small Business Insurance Agency Helps Protect Company Assets

The Homeowner Flood Insurance Affordability Act is designed to protect millions of American homeowners and businesses from dramatic increases in their flood insurance premiums. Owners of small enterprises welcome this news as the law makes it easier for them to cover their properties against destructive flooding. Amid this development, a trusted small business insurance agency such as can help local companies and startups protect their company assets. Small business insurance providers feature useful and affordable products such as commercial property insurance which is designed to secure real properties and equipment necessary for small-scale ventures to operate. Natural calamities pose a significant a risk that enterprises need to shield themselves from since climate change has intensified their impact.
Thursday, November 6, 2014
Posted by Dan Levenson

Turn to Trusted Companies for Small Business Health Insurance in NJ

Experienced small business insurance firms in New Jersey, such as, are known to provide comprehensive coverage that would safeguard the interests of businesses such as startup tech firms and software developers. Insurance companies can offer their clients appropriate commercial general liability and commercial property insurance together with employee protection products such as healthcare coverage. Moreover, they can give small organizations professional advice on the types of insurance that would suit their particular needs. While healthcare is one of the top concerns among owners and their employees, business operators cannot disregard the fact that they also need to be adequately covered by insurance policies to protect their interests. Turning to a reputable insurance company can help them get the needed coverage for healthcare and other business concerns.
Tuesday, November 4, 2014
Posted by Dan Levenson

3 Basic Insurance Needs for Small Business Owners

Insurance is something that small business owners definitely need, but sifting through the unfamiliar jargon can make anyone’s head spin. What do you need coverage for? Here are three, put simply:
Insure the Things You Own
First, you need coverage for your tangible property. This can be your physical store, the equipment you have, your inventory, and other things you use to run your business. In case of unfortunate events where these are damaged, your insurance can help you recover from the loss.
Insure the People Who Work for You
When you hire people to work for your business, you are assuming responsibility for them. Job-related injuries that may befall them, for example, are one of the things that need coverage.
Insure Against Unforeseen Events
You may be the most careful business owner on the planet, but you can never fully control the things that happen during your operation. Someone may get injured inside your business premises, your product can cause unintentional harm to its users, or someone may sue you for negligence. It’s always a wise move to be prepared for these scenarios.

These three are just some considerations you need to think about as you shop for the right insurance policy. Consulting with a professional insurance agent, however, is still the best way to understand and determine the right blend of protection you need as a small business owner.
Monday, November 3, 2014
Posted by Dan Levenson

Protect Your Financial Position from Cybercrimes

Technology today is essential in running businesses as computers, mobile devices, servers, and the Internet support company processes like receiving orders, tracking deliveries, charging customer accounts, and filing tax returns with the IRS. However, advances in hardware and software have also equipped unscrupulous individuals with means to commit fraudulent acts, such as cyber-attacks, which could translate into irrecoverable losses for many local and growing businesses.

While investing in good online security programs and apps like firewall and antimalware reduces vulnerabilities to fraud-motivated cyber-attacks, businesses can also consider getting an extra layer of protection that offers an additional financial benefit. Insurance products, such as commercial general liability, professional liability, and cyber risk and network security coverage, can give businessmen peace of mind knowing that they can shift the financial burden that comes with fraud-intended cyber-attacks directed to them.

Getting a comprehensive set of business insurance can be the smartest thing companies can do as the proceeds of insurance policies give enterprises the needed resources to pay for possible litigation, compensation, and rehabilitation of affected business installations. Aside from the actual damages brought by exposure to cybercrimes, businesses also need to be substantially prepared for potential financial losses due to damaged reputation. 
Thursday, October 30, 2014
Posted by Dan Levenson

Words Can Hurt Your Business

As a tech firm, you expect your staff to be proficient in coding languages like JavaScript, C++, and Objective C. Like any business, though, you also deal with a more universal language: English.
That’s right, regardless of industry, strong communication skills is a must not just in keeping your employees informed of project requirements, but also in getting the word out about your products and services.
Unfortunately, words can also get you in trouble. For instance, if you say that a competitor’s software has security vulnerabilities, they may very well sue you for defamation, especially if they believe your claim to be false.
Basically, defamation is when someone makes an incorrect statement about another party that results in their suffering. In the case mentioned above, your allegation might deter people from buying said software, which may ultimately cause the competing firm’s stock price to fall.
If your defamatory statement is spoken or oral, you will be slapped with a slander case. If it is written down, like a press release, news item, or even a blog post, you’ll be facing a libel suit.

Of course, legal proceedings are very expensive, and if your company happens to be a startup, the legal costs may cause it to go under. So aside from getting health insurance for your employees, be sure to get general liability insurance as well, since it also covers litigation expenses associated with defamation lawsuits.  
Thursday, October 23, 2014
Posted by Dan Levenson

When Good Employees Go Bad

You may not be the biggest tech firm in your area, but you do have a talented team working for you. As you might know, people are your biggest asset since it is from their minds that innovative technologies and solutions spring forth.
That being said, are you prepared for a scenario wherein one of your staff goes rogue and commits actions that may be detrimental to your bottom line? For instance, he or she may misappropriate company funds or leak proprietary software to a competitor firm. Or maybe that person decides to overbill a client to pocket some extra cash? In all these cases, you will definitely end up with a major headache, as you’re left reeling in the aftermath of your employee’s dishonest actions.
Fortunately, you can protect your company through Fidelity Bonds, a type of insurance specifically designed to protect employers against the problems caused by errant workers. If you suffer monetary loss, the insurer will pay out a sum commensurate to your lost revenues. If a disgruntled client is suing your company because of an employee’s wrongdoing, your insurance policy will shoulder the litigations fees.

Indeed, brilliant minds are the bread and butter of technology companies. At the same time, though, one cannot be complacent about the problems that a few bad apples can do to your firm. As such, get Fidelity Bonds now to protect your small business.
Wednesday, October 15, 2014
Posted by Dan Levenson

Business Prosperity 101: Small Business Insurance

Accidents happen and this can be devastating to any business, especially if it’s a small company, such as a struggling tech startup. The accident can involve one of your employees, a customer, or your property. However, the end result is the same: you end up paying out of your nose because you’re liable for them. That’s why it’s smart to purchase insurance for your company. Here are some insurance plans your business would need to ensure that it’s completely covered:

  • General Liability Insurance. When an accident happens and the cause can be traced back to either your employees, your product, or your service, you’ll end up paying a lot during a lawsuit. Additionally, if your business ends up injuring or making your employees sick, you’ll see the same result. Both of them can drain your company’s coffers. Liability insurance can help cover the costs of these expenses and make sure you still have money to operate.
  • Property Insurance. Businesses need equipment to operate. This can range from computer workstations for software companies to a delivery service trucks. Moreover, you need to have offices. Having these items protected by insurance is the next logical step, since you don’t want a fire or flooding to completely ruin your business.
  • Directors and Officers Insurance. Being the boss doesn’t mean you’re immune to lawsuits. If you or your company officers did something in pursuit of the company’s interests that ended with a lawsuit, this particular type of insurance should cover it.
Wednesday, October 8, 2014
Posted by Dan Levenson

The Lowdown on Errors and Omissions Insurance

If you’re a typical business owner nowadays, there’s a chance you might have heard about the E&O insurance before. But what is it exactly?
E&O means Errors and Omission. It’s a specific type of business insurance which covers either your company as a whole, or yourself as an individual, from damages that come after a failed product or service, or the latter not living up to expectations.
In considering the need for an E&O, you need to ask yourself first: How badly do I need it? E&O insurance will work like a charm if your business’ line is something that entails a great potential for liability (aka high-risk fields). Medical professionals are more often than not protected by E&O. In their case, however, the insurance is typically termed as “malpractice insurance.”
The cost of an E&O insurance heavily depends on a number of factors. These include the inherent risk of the business’ work, the rating category under which your business is classified (i.e. high-risk or low-risk industries), the amount of claims for inadequate service that have been filed in your industry over the years, and in several cases, your business’ locale.

Bottom line is, an E&O insurance is critical for every business regardless of whether it’s high-risk or not. Any company could make a mistake. It doesn’t matter if your company has the latest equipment or the most skilled employees. When things get sour with your customers, it is still best to be covered. 
Wednesday, October 1, 2014
Posted by Dan Levenson

A Need for Professional Liability Insurance

When it comes to insurance, businesses have a lot more to worry about than just health insurance. Professional liability insurance, for instance, aims to protect people (and businesses) from costly lawsuits relating to the performance of their professional responsibilities. Common examples of these are malpractice insurance for doctors and lawyers.
Malpractice or negligence is just one aspect of the liabilities insurance. Customers or clients could file a lawsuit against companies for a variety of reasons, such as failure to deliver a promised product or service, production and distribution of inferior or damaged merchandise, errors in judgment calls, and many others.
Every Lawsuit Counts
Many professionals believe that since malpractice lawsuits essentially have low probabilities of succeeding, they can do away with professional liability insurance. However, the fact is, the moment your business is summoned to appear in court, the costs are already flowing out of your pocket, something that could take a huge toll on your revenues.

Know that most liability insurance offered by firms involve claims-based coverage. This means that only lawsuits made and reported during the period of your policy will be reviewed. If there are previous claims that you want covered, look for a retroactivity coverage. If you’re retired but you’re still concerned about lawsuits made relating to your previous services, look for extended coverage.

When Choosing Insurance, Have a Broker Help Out

For small New Jersey companies, purchasing insurance is just like paying taxes—it’s a basic part of any household budget. However, with all the choices out there, choosing the right insurance company from an array of popular insurance companies nationwide, can be quite daunting. Fortunately, an insurance broker can make the process as quick and hassle-free as possible.

What does an insurance broker do?

Insurance brokers, in stark contrast to insurance agents, are completely independent and are able to represent many insurance companies. Thus, in theory, an insurance broker can give you—the client—the best coverage at the lowest price. Brokers can guide you through the messy paperwork and help you understand the unintelligible jargon commonly found in many insurance contracts.

How are they different from insurance agents?

Generally speaking, the work of an insurance agent and a broker are entirely different. However, the line between the two can often get blurry in the real world: good agents will be willing to refer their clients to other popular insurance companies just to give them the best rates, while some brokers have special relationships with particular insurance companies because of stronger ties and a sense of loyalty. Despite this common role-switching, it still pays to talk to an insurance broker over an agent because of the broader reach and choices they offer.
Monday, September 15, 2014
Posted by Dan Levenson

Types of Insurance Startup Businesses Need

No business is safe from several factors that might put its critical assets in trouble over time. Several untoward happenings like natural disasters or civil unrest subject any type of enterprise to great risks, especially those that are particularly new in their field or industry. Therefore, to protect themselves, startups need to have these essential insurance coverages at their disposal:
General liability – Contrary to popular belief, this type of insurance doesn’t make a business immune to lawsuits, but rather provide financial protection should legal claims find their way to the doorstep. Structured to cover aspects like financial settlements and legal costs, liability insurance effectively shields a startup company’s assets whenever unsatisfied customers decide to take their claims to court.
Property – Startup business owners need to take note that while profits are good, their physical assets are also critical. Property insurance basically encompasses assets like equipment, inventory, furniture, and even the entire building, as well as accounting records. This specific policy (provided that all relevant terms are agreed upon) can protect a business’ physical assets against damages from disasters, man-made or natural, and whether they’re owned or leased.
Worker’s compensation – In several states and cities, businesses are mandated by law to have this type of insurance. On simple terms, this coverage compensates an employee for lost wage and medical expenses in the event that he/she gets injured on the job and requires medical treatment, in exchange for an agreement that the employee doesn’t sue the employer at any time.
Tuesday, September 9, 2014
Posted by Dan Levenson

Insurance for Your Home-Based Business

Do you run your business out of your own home? If so, then you need to obtain an add-on (or rider) to your existing homeowner’s policy to cover your business. Many others fail to obtain this add-on because they are confused with what’s already covered by their homeowner’s (or renter’s) policy. You should know that if you failed to disclose your home-based business to your insurance provider, any claim for losses or damages sustained or caused by it may be refused. Your insurer may even cancel your policy altogether.

If your home and business location are one and the same, your best bet is to obtain coverage for your business as well. Did you know that if the delivery guy comes with a business package at your door and he slips and injures himself in the process, you could be paying for his medical expenses from your own pocket? There’s no coverage for this type of injury in your homeowner’s policy, and with the amount of loss you could be facing, you’re sure to regret not obtaining insurance for your business in the first place.

An add-on to your homeowner’s policy generally provides around $2500 additional coverage, which is usually enough for sole proprietorship-type business. However, if you have a lot of valuable equipment and a lot of people visiting your home for business matters, consider acquiring an in-home business policy.
Wednesday, September 3, 2014
Posted by Dan Levenson

What You Should Know about Product Liability

Health insurance, worker’s compensation, and commercial property insurance—these are some of the most common types of insurance coverages that businesses should have. However, what many fail to take into consideration is the importance of product liability insurance. This also falls under errors and omissions insurance, and for good reason, too.
Product Flaws
When one thinks of product liabilities, manufacturing errors is often the first thought to cross the mind. This problem is rampant ever since the beginning of the Industrial Revolution, where every step of the manufacturing process could be tainted with imperfections or mistakes. Though mass production processes are much more refined today, flawed products remain one of the most common sources of business lawsuits.
Design or Instruction Defects
Sometimes though, the manufacturing process isn’t to blame, but the very nature of the product itself. Many customers often file class action suits claiming that a product’s design is hazardous, ineffective, injurious or even downright deadly (when it shouldn’t be). In some cases, the manufacturer failed to give sufficient instructions as to the product’s proper use.
Failure to Warn
Even with sufficient instructions as to use, a manufacturer could nonetheless fail to provide sufficient information as to the danger or hazards that a product poses. This is especially true when it comes to chemical cleaners, fertilizers, or other substances and products that can potentially harm the user.
Wednesday, August 27, 2014
Posted by Dan Levenson

Property Insurance for Small Business Owners: Deciding if You Need It

Generally, property insurance policies cover damaged or completely destroyed physical assets. It could be your building that needs remodeling after a fire, or your inventory and machines that require replacement due to flooding. IT industries and other offices that rely on computers or machines can especially benefit from technology insurance policies that would protect the tools used for business. Some policies can also cover office furnishings like furniture and light fixtures. Additional provisions of this insurance may include coverage for the properties you lose to theft, fraud, or vandalism.
Sunday, August 24, 2014
Posted by Dan Levenson

How Business Insurance in NJ Protects your Company against Liabilities

In protecting your business, insurance is the place to start. There are various types of business insurance in NJ, but sufficient coverage against the most common liabilities should be a priority. Attorney fees, court costs, settlement or judgment payments, and other expenses can easily add up to hundreds of thousands or even millions of dollars. The benefits offered by insurance companies could save your business by shouldering these costs fully or partially.
Friday, August 22, 2014
Posted by Dan Levenson

Insurance Small Business Owners Should Get

As a business owner, you have the primary responsibility over your enterprise’s survival—and one of the most important ways to protect your assets is to buy adequate insurance coverage so that you avert the potential risk of getting buried in financial burdens. Here are some insurance products that should be invaluable to your small business:
Liability Insurance
Liability insurance coverage protects your business from costly lawsuits. There are three main types: (1) general liability that protects you against accidents or injuries related to negligence, (2) product liability meant for product defects and injuries caused by your products, and (3) professional liability that protects you against errors and negligence within your business, especially if you provide professional or personal services.
Employee Compensation and Liability
Businesses with quite a number of employees have to invest in a reliable employee compensation insurance in case of workplace accidents. Check your state’s laws for provisions about the minimum number of insurance for which the workplace compensation requirements apply. Aside from compensation though, you can also get employee liability insurance that can protect you against groundless lawsuits from within your workforce.

Car Coverage

The vehicles your business uses also needs to be insured, just as much as your personal car. Business vehicle coverage is very important in the trucking or logistics industry, as well as any other enterprise that calls for a vehicle as an integral part of operations.
Wednesday, August 20, 2014
Posted by Dan Levenson

Despite Law to End Criminal Bias, NJ Business Insurance Still Matters

The “ban the box” law is a welcome development, but it shouldn’t be a reason for employers to be complacent. There’s always the temptation to return to a life of crime. When it happens after the ex-convict gets the job, the impact on the company and its clients can be significant. Background checks will still remain an integral part of the screening processe despite the law. If such an incident does happen, a company carrying fidelity bonds from NJ business insurance providers like can mitigate its effects. Fidelity bonds cover any losses incurred by an employee’s wrongdoing. If interviews are unable to see any risk of fraud, fidelity bonds act as a company’s second line of defense.
Posted by Dan Levenson

Ensure Protection from Hour Claims with EPL Small Business Insurance

If an employee must work beyond hours, whether after work or a weekend, the law requires offices to pay extra for the trouble. This sounds okay for occupations with regular schedules, which is why those with irregular schedules cry unfair. Despite compensation, however, the afterhours are finally taking their toll on workers physically, mentally, and socially. Enter H.R. 5159, also known as the Schedules that Work Act. This legislation aims to end on-call schedules by giving workers more rights to flexible work schedules. Proponents aren’t asking to change the law-mandated 40-hour work schedule. They only want to be given a heads-up every time they receive a valid reason to work after hours.
Monday, August 18, 2014
Posted by Dan Levenson

Shielding Against Practice Liability

Not every business performs like a well-oiled machine. Some companies may have a few bad seeds that you found fit to dismiss or well-performing employees that left because of a misunderstanding. Whichever the circumstances, it’s not going to be pleasant when the former employee(s) serve a case on you. Given the high costs of employment litigation, you don’t want your finances sapped for a claim that may be without merit, warranting protective foresight through an employment practices liability insurance (EPLI) policy.
EPLIs are insurance policies designed to shoulder a company’s legal costs in case they are sued for workplace matters such as wrongful termination, discrimination, or sexual harassment, among others. They are usually activated when a claim is made upon occurrence of a sensitive workplace issue.
In arranging for an EPLI policy, some legal experts recommend studying how to have all bases covered. Your preferred insurer’s packages should contain coverage for intentional acts, bodily injuries, and full prior acts, among other elements. The latter is vital because the plaintiff can argue that certain acts allegedly performed on them were carried out over a period of time.

Being sued by an ex-employee can be tough. Experts on insurance for small business owners will help you with ample coverage. 
Thursday, August 7, 2014
Posted by Dan Levenson

Why Insurance is a Protector of Business Operation

Owning a business, big or small, means having a lot of things to protect. put thirteen things in their list that every small business owner should have: a liability insurance, property insurance, BOP (business owner’s policy), commercial auto insurance, worker’s compensation insurance, professional liability insurance, directors and officers insurance, data breach, homeowner’s insurance, renter’s insurance, life insurance, personal automobile insurance and personal umbrella insurance.
That’s quite a laundry list, isn’t it? Believe it or not, though: insuring your small business for the long run is actually a good thing. Business operates on a 24/7 schedule, and any ripple from the flow will interrupt the operations of your business. To achieve success in a business, there must be consistency in the operations and processes. Once a business owner gets full protection from insurance, he is freed from any unwanted and harmful liabilities that he may shoulder. Providing protection to your business, including your employees, would mean better production and rendered service, because they know they are safe and at ease.

It’s better to keep it smooth by having all the protection you can get and being prepared for anything that could happen, especially when the real world is full of surprises and the unknown.
Tuesday, July 29, 2014
Posted by Dan Levenson

Why You May Need Commercial Car Insurance

Commercial car insurance isn’t just for large fleets anymore. For some small and medium enterprise (SME) owners, this type of insurance may just be what the doctor ordered.

If you have a car insurance policy, you may believe that you’re covered for when you use your vehicle for work. When time comes to file a claim, however, this belief may just amount to losses. To avoid facing this difficult situation, have your vehicle covered by a commercial car insurance policy ASAP.
Tuesday, July 22, 2014
Posted by Dan Levenson

Safeguarding your Business

After months or even years of hard work, you have now reached stability in your business. Your checklist for success has already been mostly filled, and now it's time to move on to a very important step: business insurance. Not wanting to see the fruit of your effort go to waste, business insurance is highly recommended even for small businesses.
Tuesday, July 15, 2014
Posted by Dan Levenson

You Need Separate Insurance for These Disasters

How prepared are you for the time when a disaster hits your area and affects your business? Will you be able to recover quickly?

Chances are that these questions do not cross your mind because you own commercial property insurance. However, if you only have a standard commercial property insurance policy, your business is still at risk because your policy doesn’t cover these disasters:

Floods and Earthquakes

More often than not, business owners think that the disaster coverage they have covers everything. Sadly, that isn’t true; while standard policies will cover fires and storms, they do not cover damage caused by floods or earthquakes. New Jersey is a flood prone state, so make sure that you actually add flood coverage to your policy.

Criminal Acts

Your insurance company will cover criminal acts like vandalism and theft— provided that it was committed by an outsider. If you or an employee is caught stealing or vandalizing your business, insurance companies won’t cover the cost of repair or replacement.

Fortunately, there are insurance policies that cover these disasters. Speak to your insurance agent or broker to see if you can attach coverage for these disasters to your existing policy. You never know when and what type of disaster will strike your business, so it’s best to cover all your bases.
Monday, July 7, 2014
Posted by Dan Levenson

The Different Types of Dependable Insurance for Small Business Owners

"Data breach– Often offered by a reliable technology insurance company like Insure Your Company, this type of policy covers the pitfalls brought about by the unnecessary disclosure of sensitive, non-public data that the company holds. Now that you’re aware of the different types of insurance policies, you should take the time to pick the right one for your business. Be sure to keep their unique traits in mind, and your business will never be caught unprepared."
Thursday, July 3, 2014
Posted by Dan Levenson

On Business Insurance in NJ: Tether your Finances Against Legal Cost

"Even if you belong to high-risk classes though, there are always ways for you to keep your premiums down. One such way is to hold and document efficient safety awareness programs in your enterprise and actually practice them. Aside from training your employees on safety, you can also focus on installing safety technology and gadgets. With the help of NJ insurance providers like, you can be assured that you won’t have to face the prospects of financially-draining legal issues in the future. Nevertheless, in the long run, it still falls on you and your business to make sure that you don’t injure or harm any person in the day-to-day conduct of your enterprise."
Tuesday, July 1, 2014
Posted by Dan Levenson

Management Consultant Fallback on E&O Insurance

The management consultancy industry is a tight battlefield in the business world. Some companies may have consultants like you on their payroll to help make the organization a better place for everyone. However, even the best consultants out there can commit some errors with serious consequences to follow. As such, management consultants must have themselves covered by an errors and omissions (E&O) business insurance policy. 
Also known as professional liabilities insurance, E&O policies are designed to cover your legal fees in case you are sued for mistakes you made on the job that affected your clients. These will include misrepresenting facts, improper documentation, deleting vital information, or violating a non-disclosure agreement (through acts such as leaking insider material, for example). The policy will also cover any compensation to the clients if the case worked in their favor. Take note that E&Os are different from general liability insurance, which only covers bodily harm or property damage if an incident involving you or your employees happened at your client’s office. 
Some consultants may argue the need for E&O coverage if your client is happy with your work. Still, like with other insurance types like homeowners insurance, some events may still happen that are just out of your control. You will need E&O policies to keep your business protected.
Friday, June 27, 2014
Posted by Dan Levenson

First-time Buyers Need Not Fear Health Insurance

A hallmark of adulthood, getting your first health insurance plan need not be so daunting. Though there are a lot of confusing terms floating around like co-pays, deductibles, and premiums, a prospective buyer should easily be able to get the information he needs and the plan he requires. Here are a few things to remember.

  • Determine that you need one first. Yes, you’ll be needing an insurance plan to protect you from any health problems, but you may already be covered on someone else’s plan. If you’re under 26, your parents’ insurance can cover you, as would the plan of your domestic partner. If any of your close family member is covered, you can ask to join in his or her plan.
  • Workplace insurance is one of the most accessible and affordable option. Your employer will help pay for the premiums when you join in the company’s group insurance policy.
  • For those who want to get their own policy, it is best to shop around first. Comparing rates will help you get the most benefit from the least cost. You’ll have to consider all the components of the policy, the conditions that the plan covers, and how high your deductible is.
  • The size of the insurance network is important. The larger the network of medical providers, the more choices you have to select the best health providers in the list to meet your health needs. You want your insurance policy to be accepted in as many medical establishments as possible, and in among the best ones.

Monday, June 23, 2014
Posted by Dan Levenson

Determining your Business Insurance Needs

Knowing your business’ insurance needs may not be as glamorous as planning your grand opening, but it gets the job done, nonetheless. Without insurance, you leave your business, your assets, and your employees unprotected from risks, which can be devastating on all angles. Determining your specific needs is one key step, and here are a few more tips.
Begin by clearly defining what your entire enterprise is all about. You could do this by writing a single paragraph of no more than four sentences, describing your business. To utilize this effectively, consider these tips:
  • Define the four questions Where, What, When, and How.
  • What are you selling?
  • Who will manufacture the stuff you sell?
  • Will there be employees? If so, how many?
  • What types of equipment will be used?
  • How is the business set up?
  • Will vehicles be used?
Given these information, take note of all the possible risks in your business. The Small Business Administration (SBA) recommends that you analyze your business liabilities so that you can predict or prepare yourself against potential events that could lead to a loss, either in terms of manpower, financial, or real estate resource. Your findings should also provide an estimate of the costs that will be incurred in such loss, and how you intend to address them in the most cost-efficient way.
Also, take note of your state’s requirements. If the law mandates that your business should have coverage for certain aspects in your business, then make sure you get coverage for them. While federal government doesn’t require such, most state governments do. With prudence and attention in these matters, you can adequately make business decisions without getting bogged down in legal concerns.

Tuesday, June 17, 2014
Posted by Dan Levenson

Types of Insurance for Small Business Owners

Small businesses play an important role in the U.S. economy as they help boost employment rate and job growth. Pres. Obama even called them as “the backbone of our economy and the cornerstone of our communities.” Some government agencies have even rolled out programs to provide small business owners and their employees the support they need. However,  the owners themselves must also take action to ensure their stability. How? Through insurance.

Now, there are a lot of insurance packages on the market. How can business owners know which one is best suited to their needs? Here are the common types of insurance tailored for small businesses:

  1. General liability insurance. This insurance addresses potential legal actions arising from accidents, injuries, and negligence claims.
  2. Product liability insurance. This one, meanwhile, is best suited for product manufacturers to protect them from financial losses in a defective product suit that also, normally, arises when customers are harmed or sustain an injury.
  3. Professional liability insurance. Service providers and professionals like lawyers and accountants strongly benefit from this as it curtails the consequences of malpractice, errors, and negligence.
  4. Commercial property insurance. This insurance covers the loss or damage of business properties.
  5. Home-based business insurance. As homeowners’ insurance don’t cover businesses, this is recommended for people with home-based businesses.

The Importance of Getting Your Business Insured

Warner Bros.’ sitcom “2 Broke Girls” is a fan favorite that it’s among CBS’ top-rating shows. However, beyond the show’s hilarity and often risqué jokes, one can get valuable business lessons from the challenges the two main characters, Max and Caroline, face as they attempt to make their cupcake business a success. A particularly good episode is “2 Broke Girls and the Broken Hip” where they had to face the consequences of having an uninsured business.

While the circumstances in that episode were meant to be comical, if they took place in real life, it would have been a serious matter that will make viewers realize the importance of getting a business insured. Even their diner owner/boss Han gasped in disbelief upon learning that Max and Caroline didn’t have insurance, saying “How could you not have insurance? You need to get protection.”

Essentially, all businesses need to get insured. This helps a lot in case customers suffer some mishap while inside your store or your product caused them to sustain an injury. Business insurance also provides protection to employees who might be at some form of risk while doing their job. As a business owner, you can also use insurance to protect your assets and the structure itself when they get damaged due to a catastrophic event.

They say that doing business is a form of investment with risks. That’s a fact. Having business insurance helps a lot to reduce those risks.

The Importance of Getting Your Business Insured

Warner Bros.’ sitcom “2 Broke Girls” is a fan favorite that it’s among CBS’ top-rating shows. However, beyond the show’s hilarity and often risqué jokes, one can get valuable business lessons from the challenges the two main characters, Max and Caroline, face as they attempt to make their cupcake business a success. A particularly good episode is “2 Broke Girls and the Broken Hip” where they had to face the consequences of having an uninsured business.

While the circumstances in that episode were meant to be comical, if they took place in real life, it would have been a serious matter that will make viewers realize the importance of getting a business insured. Even their diner owner/boss Han gasped in disbelief upon learning that Max and Caroline didn’t have insurance, saying “How could you not have insurance? You need to get protection.”

Essentially, all businesses need to get insured. This helps a lot in case customers suffer some mishap while inside your store or your product caused them to sustain an injury. Business insurance also provides protection to employees who might be at some form of risk while doing their job. As a business owner, you can also use insurance to protect your assets and the structure itself when they get damaged due to a catastrophic event.

They say that doing business is a form of investment with risks. That’s a fact. Having business insurance helps a lot to reduce those risks.

Queries before Biting into Dental Health Insurance

Setting up an extensive, reasonable dental plan for your employees require thorough attention and dedicated focus so you can keep business costs fair and your employees happy. Along with medical insurance, dental coverage can be used to your advantage in seeking out and maintaining top talent in your company.

 Here are some questions you should ponder on before selecting the most suitable dental plan for your employees:

What’s included?
Carefully deliberate which dental procedures you want covered for your employees. Dental plans generally promote preventive treatments like routine cleanings and checkups, as well as x-rays and fillings. Complex practices like dentures, braces, or bridges aren’t common but can still be included in the dental plan. Moreover, ask about co-payments, deductibles and maximum annual limits involved.

How much does it cost?
Decide if you wish to fully sponsor your employees’ dental plans, or if you only want to shell out 80% of the monthly insurance costs. You can also opt to make your employees distribute their own payments while you take care of administrative costs and payroll deductions. Though financing is in place, be ready for varying prices as the value of premiums still depend on business location, company size, and dentist availability.

How do I pick the ideal plan?
While looking around for dental care administrators, ask about their claims processing and their record of customer service and reputation to gauge their ability to accommodate you and your company. Confirm that they work with competent dental professionals.
Wednesday, June 11, 2014
Posted by Dan Levenson

Why You Should Rely On Business Insurance

Engaging in a business venture is, for all time, a serious undertaking because no matter how well you manage your business, there are still inevitable events that can occur that's out of your hands. You have a lot of things to work out and make sense of. To prepare for the times when things go unplanned, it's essential that you utilize reliable general liability coverage to help you with what you need.

Business insurance protects you and your company's assets and pays for certain aspects of your business that you're accountable for. For example, if injuries or damages occur within your location, you’re obligated to pay for them through your insurance coverage plan. When you’re renting out a property, you’re protected from costs triggered by cases of fire and other natural disasters.

To know what kind of coverage you need, start with evaluating the type of business you have and the potential risks you face. Research and study what you have and decide if your risk is on the low end or the high end. Tech companies are at high risk compared to fashion retail outlet chains, as their services can bring down entire database systems should things go awry.

After evaluation, explore your different options and ask advice from insurance experts on how to go about your coverage plans. They can give you recommendations that fit your business needs and explain to you how to maintain your protection should a crisis strike.


At, our services are available any time of day to overcome any issue, question or concern a client may have. We achieve this through our world class customer service team. We have a simple and easy quote process that allows you to choose the insurance you want. Not only will you walk away with great savings you will fully understand your insurance policy and the value it has to your business.

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