Blue Lion Insurance Advisors, LLC provides a comprehensive array of commercial insurance policies for industries throughout Red Bank, New Jersey. In the complicated modern world, general liability is usually only the beginning of the insurance needed to protect your business so that it can continue to thrive in the face of adversity.
Whatever field your company is in — manufacturing, distribution, real estate, professional services, construction, franchises, technology, health & beauty — our knowledgeable insurance advisors are pleased to help you find the right policies at the right price to meet your particular needs. Call us at (732) 649-1600 or contact us online for the excellent service you deserve.
From the outset, you will have the advantage of dealing with insurance advisors who are not working for any individual insurance company. For this reason, we can always make your best interests our top priority. Let’s take a look at some of the primary kinds of insurance your business may require not only to keep afloat but to keep moving forward:
Types of Insurance for Various Industries
General Liability Insurance coverage is necessary to protect various industries from lawsuits against you that may result in damages for:
- Bodily injury
- Property damage
- Advertising injury
- Copyright infringement
- Reputational harm
Such lawsuits, almost always unexpected, can cost enough to sharply decrease your profits or even destroy your business entirely.
Property Insurance protects you if your business property is seriously damaged by weather, fire, theft, or vandalism. It should be noted that damage from floods is not normally covered unless you purchase a special rider.
Because all of the above-mentioned risks are unpredictable and, for the most part unavoidable, it is crucial to have insurance to help you stand firm when a hurricane blows off your roof, a fire incinerates your office space, or a vandal defaces your entryway. Our experienced, well-
informed advisors will assess the nature, size, and location of your business, and the value of your inventory. so that we can offer you realistic, affordable coverage.
Business Interruption Insurance can be a lifesaver if your business becomes inoperative due to direct physical loss or damage. If you can’t open your company for weeks or months due to fire or a natural disaster, Business Interruption coverage can provide income for you and your employees as you clean up and rebuild. As you can see, there are a great many types of insurance for industries. Contact Blue Lion Insurance Advisors, LLC today to make sure you cover all the bases.
Workers’ Compensation Insurance is required of all New Jersey employers not covered by federal programs. It is invaluable if one of your employees has an accident at work, or becomes ill due to a workplace condition. Were it not for Workers’ Comp, your business could be wiped out by a single catastrophic injury on your premises.
Employment Practices Liability Insurance (EPLI) protects your business from acts of discrimination or sexual harassment that take place on your premises. Though our insurance advisors strongly recommend that you take precautionary measures to see to it that every staff member is aware of what may be considered “wrongful acts” under state and federal law, all businesses are at risk of accusations. For example, a disgruntled employee who is a member of a protected class may sue your company for wrongful termination in spite of the fact that there was no discrimination involved when the individual was let go.
Cyber Liability Insurance covers your business for such things as data breaches of sensitive information (e.g. Social Security numbers, health records of customers or employees), data theft by an employee, cyber interruption due to hacking, or a computer virus. Cyber Liability insurance can be first-party coverage, which covers your own company’s losses, or third-party coverage which covers damage to other individuals or businesses who may sue you for damages.
Directors and Officers (D&O), also known as Management Liability insurance, provides coverage of claims against your executives for inadequate work or negligent actions. It is crucial that many types of businesses have this protection, especially any that offer medical, legal, accounting, architectural, engineering, psychological, financial, insurance or wedding planning services. Any business that may be accused of misrepresentation, credit fraud, theft of intellectual property, or fraudulent investment practices should seriously consider D&O Insurance for their management team and Errors and Omissions (E&O) for their staff.
Franchise and Franchisee
At Blue Lion Insurance Advisors, LLC, our dedicated advisors have well-developed skills in working with franchise enterprises. Whether you are a franchisor or a franchisee, one of the ways you can help to establish a strong foundation is to arm yourself with coverage against potential lawsuits for:
- Customer injury on your property
- Defective, damaged, or contaminated products sold by your franchise
- Libel or slander of clients, customers, or competitors
Some of our clients are surprised to find that, despite the protective business models used by franchising operations, your franchise may be at risk. Take the wise step of calling on Blue Lion Insurance Advisors to discuss precisely what coverage is necessary for your franchise business.
Contact Us Now to Find Out What Other Insurance Your Business May Need
Even if you are running an unusual or unique business, Blue Lion Insurance Advisors are informed and flexible enough to work with you to determine which types of insurance will be helpful and cost-effective. There are insurance policies for nearly everything imaginable — including; Auto Insurance, Marine Insurance, Equipment Breakdown Insurance, and Vacant Commercial Property Insurance, to name only a few, and we have access to all of them.
Call us at (732) 649-1600 or contact us online.