business insurance blue lion isurance

Carteret, New Jersey offers its residents the charm and warmth of a small town within commuting distance of New York City. It also supports, and is supported by, many successful business establishments. Blue Lion Insurance Advisors, LLC has a long and productive history of providing superior Commercial Insurance at reasonable prices to businesses throughout New Jersey.

We have a well-earned reputation for protecting companies from the dangerous financial consequences of storms, accidents, theft, fire, cyber attacks, and lawsuits. Contact our Carteret Insurance Company now for a free consultation at (732) 649-1600 or online.

Why Blue Lion Insurance Advisors, LLC Stands Out in a Crowded Field

Our company is appreciated for:

  • Longevity (over a century)
  • Efficiency and integrity
  • Excellent customer service
  • Availability (by phone, email, text, and face-to-face appointments)

One of the important distinctions between our highly skilled professionals and many other companies is that we are brokers, rather than providers, of Commercial Insurance, with no affiliation to a single insurance company. This means that we know the pros and cons of insurance policies offered by multiple providers, but owe allegiance to none. This allows us to make your best interests our top priority.

Commercial Insurance in Carteret

Whatever type of business you own you need Business Insurance to protect your profitability and your assets. Our dedicated professionals have the knowledge and experience to guide you to the insurance coverage that best suits your needs. Contact us to discuss which types of Commercial Insurance your company should have.

Business Property Insurance 

No matter what kind of business you have, your premises are susceptible to property damage caused by catastrophic weather, fire, theft, or vandalism. For this reason, Business Property Insurance should probably be an essential component of your Commercial Insurance portfolio since it will provide you with the resources you need to repair or rebuild after a calamity. This insurance can also help your business recover from water damage, as long as that damage is due to broken pipes or plumbing leaks, and not flood waters.

Business Liability Insurance 

The turbulence produced by lawsuits can be as destructive and costly as tornadoes or hurricanes. Business Liability Insurance can be a valuable safety net against legal claims that your business or employees have:

  • Caused personal injury to, or damaged the property of, parties outside your company
  • Damaged property your business rents
  • Inflicted reputational damage on customers or competitors
  • Run misleading advertisements
  • Violated copyrights or patents

It should be noted that the cost of Business Liability Insurance may vary widely based on your type of business, number of employees, and other factors. Our insurance advisors will analyze your risks and recommend an appropriate policy if you need one.

Business Continuation Insurance

If your company is physically damaged or undergoes a cyber attack, you will probably have to close your doors during clean-up, repairs, or rebuilding. Most businesses do not have the funds to keep up with rent, employee salaries, and utility bills while income is stalled. 

The purpose of Business Continuation Insurance is to enable your company to pay bills while it’s out of commission. We recommend that some of our clients purchase a Business Owners Policy (BOP), which combines General Liability, Business Property, and Business Continuation Insurance into a single, cost-effective bundle. 

Workers’ Compensation Insurance

All employees, unless they work for the federal government, are covered by Workers’ Compensation Insurance for work-related personal injuries and illnesses. In Carteret and throughout New Jersey, Workers’ Comp Insurance covers not only medical and rehabilitation costs, but also 70 percent of the injured employee’s regular wages. Fortunately, Workers’ Comp is beneficial for employers, too, since the vast majority of employees receiving Workers’ Comp payments give up their right to sue their employer for damages. 

Errors and Omissions (E&O) Insurance

Although we all know that everyone makes mistakes, mistakes made by businesses and their employees can result in expensive lawsuits. E&O Insurance, also known as Professional Liability Insurance or Malpractice Insurance, is designed to provide you with funds to help your business recover for mistakes that result in:

  • False advertising
  • Infringement on a copyright
  • Failing to act in good faith 
  • Failing to provide contracted services 
  • Manufacture of a defective product 
  • Misrepresentation of goods or services
  • Providing inadequate, unreliable, or harmful advice

Like General Liability Insurance, E&O Insurance covers legal expenses as well as court-

awarded damages.

Cyber Liability Insurance

Now that nearly every business in Carteret and elsewhere stores important data on a cloud, Cyber Liability Insurance has become a necessary investment. This insurance policy can provide financial security in case of a data breach, cyber extortion, installation of malware, or other malicious hacking activity. The possibility of a data breach or computer virus cannot be eliminated, but a Cyber Liability Insurance policy can provide your company with the necessary funds to recover from a cyber attack.

Commercial Flood Insurance

In recent years, climate change has resulted in an increase in weather disasters, and many businesses have suffered severe financial losses due to not having Flood Insurance. The sad truth is that an increasing number of flood claims are being filed by business owners who never purchased Flood Insurance because their companies were not located in designated “flood zones.” Our risk management experts will study statistics and predictions to see if your business’s risk of future flooding warrants the purchase of Flood Insurance. 

Employment Practices Liability Insurance (EPLI)

As state and federal laws tighten to protect employee rights, employers are at increased risk of employee lawsuits accusing them of discrimination, sexual harassment, or wrongful termination. Such lawsuits represent a serious threat to your business’s reputation as well as its bottom line. It’s important to understand that no matter how unbiased your company’s policies are, you are not immune to a discrimination lawsuit. This may well be the moment to seriously consider purchasing EPLI Insurance.

Contact Our Experienced Carteret Insurance Advisors Now

Connecting to Blue Lion Insurance Advisors, LLC is a wise move. Our team of well-trained professionals will show you how to keep your business resilient in the face of external and intrinsic threats. Contact us now so we can provide you with insurance policies that are Blue Lion Strong™!