Guarding your business, Empowering your success.
For business property insurance, commercial auto insurance, workers compensation insurance, general liability insurance, and excess liability umbrella insurance, Paparone Insurance is a trusted insurance agency for New Jersey businesses of all sizes.
Whether you own or rent your business space, commercial property insurance provides protection for your company’s physical assets, inside and out.
Business property insurance covers your building, signs located on your property, furniture, fixtures, and inventory, as well as fences and landscaping. In addition to covering your business property, commercial property insurance protects the property of others, including property held in custody that your company controls or cares for.
Coverage and deductibles for insuring commercial property vary by carrier. We can assist you by selecting commercial property insurance coverage that fits your business needs and protects you from uncovered claims.
GENERAL LIABILITY INSURANCE
Today, businesses are sued at an alarming rate due to negligence or perceived negligence. Claims of bodily injury and property damage are the most common types of lawsuits that increase the likelihood of large claims for general liability. Whether these claims occur on your premises or where you provide service to your customers, you may find yourself liable for negligence if you are not properly covered by a strong general liability policy for your business.
Commercial general liability insurance commonly provides a range of coverage, including:
- Bodily Injury – Business liability policies will cover the medical costs and will compensate for loss of services when a person is injured, gets sick or contracts a disease on your business premises.
- Property Damage – General commercial liability coverage will reimburse others for damage to and loss of use of tangible property, caused by your business.
- Tenant’s Liability – If you rent your business space, general liability coverage for business will protect against claims of damage caused by your negligence to that space, if a claim is pursued.
- Premises and Operations Liability – If someone is injured on your business property, commercial general liability insurance will pay for medical services and treatment.
- Personal and Advertising Injury – If your business is accused of copyright infringement, or slander or libel, general business liability coverage will pay for claims that result in a settlement.
The limits you should have for each type of general liability coverage depend on a wide range of considerations.
WORKERS COMPENSATION INSURANCE
If your business has one or more employees who work either full-time or part-time, you need workers compensation insurance by law. Workers compensation policies cover injuries and medical conditions caused by a workplace accident or by conditions in the work environment. Most importantly, workers compensation insurance provides important benefits to you and your employees. First, it protects your employees from loss of income and the costs of medical care associated with treating workplace injuries. Second, it covers the costs of rehabilitation or services necessary so employees can recover from workplace injuries and safely return to work as soon as they are able.
Subcontractors should carry their own workers compensation policies, but some do not. If you fail to collect certificates of insurance from a subcontractor and that subcontractor is injured while working for you, you may be liable for a subcontractor’s injury. Your workers compensation insurance policy can provide coverage for subcontractors, protecting your company from claims due to work-related injuries or health problems.
UMBRELLA INSURANCE (Excess Liability)
Commercial umbrella liability insurance helps alleviate the worry most business owners have when it comes to exposure to claims: “Do I have enough liability insurance to protect my business assets?”
Also known as excess liability insurance, commercial umbrella insurance protects your business from claims that are over and above your limits of liability for existing general liability, auto liability and workers compensation claims.
When accidents happen and claims exceed your business liability limits, commercial umbrella insurance provides extra protection by covering against unexpected lawsuits, staggering settlements or legal costs that would normally be your responsibility.
Dollar for dollar, commercial umbrella liability insurance is an inexpensive way to supplement coverage, provide additional peace of mind, and to insure you and your business against excess liability.
BUSINESS OWNERS POLICY INSURANCE
Commercial business owners insurance combines general liability coverage with commercial property insurance for optimum protection in a single affordable business insurance policy.
Business owner property coverage includes protection of the business premises and building as well as business personal property, such as equipment and machinery.
Most importantly, commercial business owners insurance covers the loss of business income, and provides business interruption coverage – insuring that business owners are protected from the cost of keeping a company operating in difficult circumstances after a fire, storm, or other event that interrupts normal business activities.
No matter their industry, all business owners need commercial business owners insurance. By selecting the best carrier for your industry and business type, Paparone Insurance will ensure that you get the best commercial business owners insurance policy to cover your assets and adequately protect your company from liability and loss.
Commercial auto insurance covers company cars, trucks and other vehicles used to conduct business in a wide range of industries, large and small. Whether your company delivers, transports, or hauls materials, uses vehicles to conduct its business, or has employees who drive to and from appointments, commercial car insurance provides protection from liability when a commercial auto is involved in an accident.
Additionally, commercial car insurance can provide protection for employees who use their personal vehicles for company business. Having business auto insurance protects you and your company from liability even if an accident occurs while employees use their own cars to conduct company business.
Paparone Insurance knows that the best carriers for commercial car insurance vary based on the type of business, the number of employees, and the number and type of commercial vehicles being insured. We will select the best carriers for your industry to get you the best commercial auto protection available.
PROFESSIONAL LIABILITY INSURANCE
Professional liability insurance offers businesses protection from financial loss due to lawsuits. Coverage includes errors and omissions (E&O) insurance, directors and officers (D&O) liability coverage, cyber insurance, and employment practices liability insurance (EPLI). Working with dependable professional liability insurance carriers, Paparone Insurance obtains the best coverage to protect New Jersey business professionals from loss from claims of professional negligence, error, or omission; employment discrimination, sexual harassment and wage claims; and cyber security or network data breaches.
Errors & Omissions insurance provides protection for your business from claims of negligence or failure to perform professional services.
It’s important to note that general liability insurance does not cover errors and omissions. Therefore, not having E & O insurance leaves a gap in your coverage that can expose you to costly claims.
Navigating the world of E&O insurance can be very tricky. Errors and omissions insurance language can be confusing and E&O coverage can be nuanced and easily misunderstood. For this reason, only an insurance professional should recommend E&O insurance after a careful review of policy language.
Paparone Insurance can recommend E&O insurance carriers and coverage to meet your unique needs.
Employment Practices and Liability Insurance (EPLI) provides businesses with coverage against claims made by employees alleging various employment-related issues, such as discrimination, wrongful termination, harassment, and other employment-related incidents. In today’s litigious environment, even with the best intentions and proper HR protocols, businesses may still face legal challenges. EPLI ensures that the costs of defending against these claims, including legal fees and settlements, won’t jeopardize the financial health of the company. Investing in EPLI is a proactive step for businesses to protect themselves in an era where employee lawsuits are becoming increasingly common.
You never know where a D&O claim will come from: claims against directors and company officers can be brought by stockholders, employees, clients, and vendors. To protect directors and officers from claims resulting from managerial decisions that create adverse financial consequences, D&O is necessary.
Whether your company is privately held, a public corporation or a non-profit organization, D&O insurance offers significant protection against costly claims that can easily cost millions of dollars.
What does D&O Liability Insurance Cover?
Directors and Officers liability insurance protects past, present and future directors & officers against damages from claims of alleged or actual wrongdoing committed while in their positions.
With directors and officers liability insurance, a company’s executives receive personal liability and financial loss protection and are covered from claims concerning actual or alleged wrongful acts that may have been committed while in their corporate positions.
Cyber Liability Insurance Protects Against Data Breaches
Today, cyber liability insurance is essential for protecting your business from claims due to cyber crime. Doing business on the web with credit cards and accounts that are digitally accessed demands a high level of security to protect company and customer data. No matter how skilled your IT department is or how protected your computer networks seem, it only takes one system hack to ruin a business. Cyber liability insurance provides protection against network breaches.
Cyber Liability & Cyber Crime: Your Responsibilities
A stolen laptop. A malicious virus. An experienced hacker. Misplaced customer data. These are common causes of cyber liability claims, which can breach the networks and data of small business as well as the Fortune 500.
Without coverage for cyber liability, your business can be threatened by lawsuits, exorbitant legal fees, legal judgments, and the extensive costs of notifying customers of a breach in security, as well as fees to restore your business image and reputation.
Request a Quote!
Getting a no-obligation quote from Paparone Insurance is easy! Just fill out the appropriate form from the list above, and we’ll get back to you within two working days with a simple, preliminary quote. Our roster of professional insurance carriers allow us to offer the most comprehensive insurance policies at surprisingly low rates. With a staff of seasoned experts in the personal and commercial fields, you’ll find that dealing with Paparone Insurance will make it easy.
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