Being a business owner gives you full control of everything, including your debt, expenses, and income. Unfortunately, building a small business as a lone ranger is challenging. You’ve to motivate, manage, and assemble a team- development, partners, sales, and customers. Undoubtedly, start-ups are tough on even the most passionate and dedicated founders—others fail and become unhappy! That’s where small business insurance comes in strongly.
Why Small Businesses Need Coverage
Small businesses in New Jersey face high hurdles like taxes, financing, cash flow management, and other challenges. Fortunately, Creative Risk Management LLC can help protect your business against losses, risks, damages, and lawsuits and provide true peace of mind.
Here are some of the common types of small business insurance in New Jersey:
1. Commercial Auto Insurance
It’s mandatory for all vehicles owned by small businesses in New Jersey to be covered by commercial auto insurance. It helps pay the cost of an auto accident involving your business car.
2. Workers’ Compensation Insurance
If your worker has a work-related illness or injury, worker’s compensation insurance can help pay for their:
- Lost wages
- Rehabilitation
- Medical treatment
- Disability benefits
It can also help you pay for legal costs if an injured worker or their family sues your business.
3. Cyber Insurance
Due to weak security infrastructures, small businesses are prone to frequent information theft and cyber-attacks. Cyber insurance can cover claims and losses due to cyber-attacks if your business operates online.
Reach Out To Us
Any small business that owns equipment or property, meets with clients, or advertises itself is prone to real risks. And your hard work and courage should stay protected. That’s why Creative Risk Management LLC strives to help protect your business. Contact us today for small business insurance tailored to your business needs.
