Know What’s Covered by Your Flood Insurance Policy

Don’t simply sign up for flood insurance in Trenton NJ and tuck it away until the tide starts to rise. Know what is and what isn’t covered by your policy in order that you know what kind of protection you’re getting and if you need to take out a special policy to fill in the gaps. So just what is commonly protected under your flood insurance?

Personal Contents

Examples of protected personal contents include electronic equipment, window air conditioners, washers/dryers, freezers and the food in them, and carpets that aren’t included in your homeowners policy.

Building Property

Your flood policy covers your home as well as its foundation, plumbing and electrical systems, refrigerators, ovens, your detached garage and the HVAC system. You’ll also be pleased to know your insurance also takes care of any debris removal you need after the flood waters have subsided.

Basements

The most important thing to bear in mind with flood insurance and basements is that your policy has limits when it comes to areas underneath the lowest elevated floor. Besides basements, other areas with limited coverage include crawlspaces beneath an elevated property and “walkout basements. Be sure you talk with your agent about additional coverage for areas underneath your home’s lowest elevated floor.

Sit down with your insurance agent to discuss your flood insurance policy as well as any other policies you have to make sure you’re ready for the flood of contingencies that can befall you and your property.

Scenarios When Insurance for Contractors in Clifton, New Jersey Would Come in Handy

As a contractor, you face some hazardous work environments. Although it seems like a lot to handle, you can rest easy when you have insurance coverage to soften the blow of a bad situation. What are some scenarios in which insurance for contractors in Clifton, New Jersey might come in handy? The following are just a few:

  • Workplace Injury – Your employees are put in some menacing situations. They often work around deep holes, have to use sharp and fast equipment, and are sometimes subjected to a lot of heat during the day. Even when you take every precaution possible, accidents can happen in the workplace. A workplace injury needs the protection and compensation of insurance.
  • Broken Equipment – Your equipment and tools do a tough job. While they are made to withstand a lot of pressure, hard materials and a lot of use, they can wear out or break. It can get expensive to replace some of the items you use on a daily basis, but with insurance coverage, you don’t have to sweat the costs.
  • Lawsuits – Whether you dug in the wrong place and shut off the neighborhood’s water supply, flung a piece of rebar into the neighbor’s yard and put a hole through the roof, or dumped a load of dirt on someone’s flowerbed, you could get sued. Proper insurance coverage will help you in case you are faced with a lawsuit.

Insurance for contractors in Clifton, New Jersey is an important part of business. If you are a general contractor, make sure you protect your assets with proper coverage.

Why Would a Company Need New Jersey Contractors Insurance?

Contractors have a lot of unique risks associated with the jobs they perform on a regular basis. While it might seem simple and routine to the contractors, there are accidents that happen. If you are a contractor and are just looking into New Jersey contractors insurance, the following will help you understand why it is needed.

  1. Peace of Mind – Whether you use heavy equipment, work in dangerous areas or know your employees don’t pay attention to safety sometimes, it can be worrisome to think all day about what could go wrong and how you would pay for it. Insurance gives you that peace of mind that allows you to focus on the job at hand.
  2. Protection – You never know when something will happen and when someone will need the protection that comes from insurance. Unfortunately, even in the most controlled and careful situations, accidents can happen. Protect yourself, your company and your assets with insurance coverage.
  3. Responsibility – When all else fails, know that you are responsible for your employees, your assets, your company and everything associated with it. It’s a big responsibility, and one you cannot take lightly. It’s the responsible thing to do to purchase a complete insurance package.

To learn more about New Jersey contractors insurance, speak with your insurance agent. It’s an important part of your business, and something you may want to look into before you accept another job.

Get the Most from your Business Insurance with a Review and Evaluation

Business Insurance Fairfield New JerseyIf you are considering purchasing business insurance, or switching your current business insurance policy, the best way to get the most for your money is to work with an agent to review and evaluate your company’s needs. Be realistic about you budget and honest about any concerns you may have had with previous policies. An agent who works with business insurance in Fairfield New Jersey can help you find the best coverage at the best price.

Industry-Specific Coverage

The term “business insurance” can be very general, as it often refers to insurance policies that cover businesses across a wide range of industries. Working closely with an insurance agent who has your best interests in mind will give you the customized insurance policy for your business. This means you can find the coverage you need without paying for coverage that does not apply to your specific industry. Common industries that use business insurance in Fairfield New Jersey include:

  • Transportation and Delivery
  • Manufacturing
  • Wholesale and Distribution
  • Building and Construction
  • and Many Others

As you seek the best business insurance in Fairfield New Jersey, try to work with an agent who can analyze your current needs and costs in order to help you establish a new plan which offers you more effective and affordable insurance coverage. Depending on the industry in which your business falls, some coverage options will be more realistic and necessary than others.