| To run a business in the state of New Jersey, | | | | New Jersey employee benefits should be |
| you should have several different kinds of | | | | guaranteed for any full time worker by their |
| business insurance. Typically, a company will need | | | | employer. Most businesses offer a benefits |
| a general commercial insurance policy. Commercial | | | | package to their employees that include paid |
| insurance provides protection against theft, | | | | holidays, vacation days and, of course, health |
| property damage, and liability. It also can provide | | | | insurance. The average number of paid holidays is |
| protection against interruption of business and | | | | 10. The average number of vacation days is 9.4, |
| employee injuries. Without New Jersey business | | | | usually after one year of employment with the |
| insurance, a business owner leaves himself (or | | | | company. Most business' offer health insurance |
| herself) open to unnecessary risks that can result | | | | with the employee contributing a small amount |
| in loss of money and property. The owner should | | | | towards the costs, and co-pays. Offering a |
| research all the different types of commercial | | | | defined pension plan or offer a 401k retirement |
| insurance before purchasing any. Your company | | | | plan will also draw more employees to your |
| may need commercial property insurance, but not | | | | business. |
| commercial auto insurance. Keep in mind that a | | | | Professional liability insurance protects business |
| business owner may add to, or change, their | | | | owners from negligent claims filed by the clients. |
| commercial insurance policy at any time. | | | | This insurance will cover the failure to perform, |
| Recommendations on buying business insurance in | | | | financial loss, and errors in the products sold or |
| New Jersey | | | | services rendered. Once your business has this |
| A conservative New Jersey commercial insurance | | | | insurance, it should never be cancelled. If it is |
| plan should consist of workers compensation | | | | cancelled, it is as if the company never had the |
| insurance and professional liability insurance. It | | | | insurance to begin with and none of the claims |
| should also offer great employee benefits to | | | | received will be covered. |
| improve morale and attract top talent. | | | | Without getting the appropriate insurance for your |
| Workers' Compensation Insurance covers your | | | | company, you put your business and your |
| employees if they are injured on the job. It will | | | | personal security at risk. As a company or |
| pay the medical bills incurred due to the accident. | | | | business owner, you may be sued for any |
| With no Workers' Compensation Insurance, any | | | | number of things. Whether it be false advertising, |
| employee that is injured on the job can sue their | | | | injury on the job, or faulty products, keep |
| employer for the medical bills and for income lost | | | | yourself covered. When you are covered on all |
| due to missed work after the injury. Also, if an | | | | corners, there are no worries. When you are |
| employee loses his/her life, while on the job, | | | | unsure about your coverage, you are always at |
| benefits are payable to the dependents of the | | | | risk. |
| worker. | | | | |