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Businesses of all sizes and across various industries in Red Bank and Monmouth County, New Jersey, put their confidence in Blue Lion Insurance Advisors, LLC. We are a firm with a well-earned reputation for providing outstanding insurance and risk management solutions at a reasonable cost. Our team can carefully evaluate your business’s needs and customize our service to meet them in the most efficient way possible to provide you with a wide array of business insurance options.
Blue Lion Insurance Advisors, LLC Offers Comprehensive Business Insurance
Because we deal with a broad range of business clients — from small shops to retail establishments, from construction, manufacturing and distribution companies to service providers, professional organizations and national franchises, we are able to offer a wide spectrum of insurance coverages, including and not limited to:
- Business Automobile
- Business Liability
- Business Continuation (after a disaster)
- Business Rental Property
- Cyber Security
- Directors and Officers
- Employment Practices Liability
- Equipment Breakdown
- Franchise and Franchisee
- General Liability
- Inland Marine
- Professional Liability
- Business Property
- Workers’ Compensation
- Vacant Commercial Property
- Risk Management Services
- Claims Management
Our team has in-depth knowledge of each type of insurance we offer. All are designed to help protect your company from tangible and reputational damage since both types of harm negatively impact your bottom line, and in some cases, the very foundation of your business. In the following paragraphs, we will expand on several of the most commonly used policies.
General Liability Insurance can protect your business from a number of lawsuits, including claims that:
- Your business damaged the property of another
- Your business caused another bodily harm
- Your business or employees harmed the reputation of a customer or competitor
- Your business infringed on a copyright, presented misleading information in ads, or committed libel or slander
- Your business damaged property you rent
When you have General Liability Insurance, you can have coverage against such lawsuits to provide you with money to pay medical expenses, property damage costs to your landlord or to a person whose property was damaged by your employees, without liquidating business assets. What is more, you can have resources to pay for legal counsel, court expenses, and large settlements if you are found liable.
These days it is absolutely essential, whether you own a small business or a large corporation, that you protect your company from lawsuits filed by your own employees for such wrongful activities as discrimination for any of the following protected characteristics:
- Sex, sexual orientation, gender identity
- Religion or belief system
- Ethnicity, color, country of origin
- Marital status
- Military status
In addition, EPLI protects employers from employee claims of invasion of privacy, false imprisonment, wage and hour violations, and breach of contract.
Cyber Security Liability
Because so much business takes place electronically, it is vital to have Cyber Security Liability Insurance to keep your company safe from data breaches and cyber attacks, as well as from the legal expenses your company will incur if you unwittingly harm another individual or company through an online mishap.
There are two basic types of coverage in a Cyber Liability Policy: first-party coverage and third-party coverage. Both types cover loss or damage of electronic data, whether due to a hacker attack, a virus, or another reason. Both types of coverage provide money to preserve or reconstruct data, to fight cyber extortion, to notify those affected by a data breach, and to cover losses sustained from a system failure. Some policies also cover public relations expenses to restore the company’s image.
The only difference between the first-party and third-party policies is that the former covers your own company’s losses, and the latter covers damage that harms another individual or business. Third-party coverage for cyber security liability helps protect you from lawsuits filed against by others.
Although the perception of the term “professional” is sometimes limited to doctors and lawyers, the fact is that anyone highly trained and accomplished in a particular area fills the bill. Professional liability coverage is necessary to protect all of the following professionals from errors and omissions for:
- Errors and Omissions
- Medical Malpractice
- Legal Malpractice
- Directors and Officers
- Management Protection
- Product Liability
- Doctors and lawyers
- Accountants and financial analysts and advisors
- Psychologists and other mental health counselors
- Marketing consultants
- Real estate brokers
- Engineers and architects
- Healthcare workers and beauticians
- Contractors and commercial builders
- Technological experts
- Other licensed professionals
Professionals in all fields are at risk of making careless mistakes, like errors and omissions. Those who sue them may accuse them of negligence, including medical malpractice, providing erroneous information or misleading advice, and misrepresenting their skills or credentials. Unless the accused professionals have adequate insurance, such lawsuits may undermine the foundations of their business, damaging or even destroying their reputations.
Business Property Insurance
Business Property Insurance protects business owners from damage on their property due to fire, theft, vandalism, and windstorms. Like most homeowner’s policies, it does not automatically cover floods or earthquakes unless it includes special riders.
At Blue Lion Insurance Advisors, LLC, we can assist you in obtaining the coverage you need, depending on variables such as: what type of property and inventory you have and where your business is located.
Franchisor and Franchisee Liability
Blue Lion Insurance Advisors, LLC spends a fair amount of time working with franchise enterprises, providing guidance to both franchisors and franchisees. Like other businesses, franchise operations have to be protected from lawsuits brought against them for:
- Customer injury on the premises
- Defective, damaged, or harmful merchandise sold by the franchise
- Libel or slander of clients, customers, or competitors
In spite of the fact that franchising operations do provide a certain amount of protection because they work using a proven business model, they still carry risks. At Blue Lion Insurance Advisors, LLC, we have a strong track record with franchises and have a keen understanding of the types of coverage franchises need.
Contact Our Monmouth County Business Insurance Broker
We pride ourselves on providing you with dependable, responsive service, making your priorities our own. Above all, as insurance advisors, we are well aware of the importance of attention to detail. We are committed to protecting your business, your assets, and your reputation and we’re happy to give you a free estimate at your earliest convenience.
The next step is easy!
Call us today at (732) 649-1600 to learn how our advisors could get you the right Insurance coverage at the right price, and superior service. You can also Request A FREE Insurance Quote on our site or Contact an advisor for more information.