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Blue Lion Insurance Advisors, serves businesses throughout New Jersey and licensed in over 30 states with insurance coverage that suits their industry and needs. Our business insurance advisors are well-versed in a wide range of policy types and can help clients navigate their options. With comprehensive coverage at cost-effective prices, our team is proud to have a reputation for unparalleled customer service among business insurance companies. Here, Blue Lion Insurance Advisors, provides an overview of some of the common types of commercial insurance coverage we offer.

Types of Business Insurance We Offer

Blue Lion Insurance Advisors, provides many different types of commercial and small business insurance policies to serve a wide range of industries. Our coverage options include:

Business Automobile

Whether you have an entire fleet or just a few company cars, business automobile insurance is an important type of coverage. We analyze several different factors in recommending a commercial auto insurance policy, including the condition of your business vehicles, the areas you frequently drive in, and how the vehicles are used.

Business Continuation

This type of insurance keeps your business up and running after unexpected events, such as natural disasters or damage to critical equipment. Business continuation insurance coverage is especially important for small businesses, which may not have the cash flow to weather emergencies that interrupt their operations.

Business Liability

A lawsuit can hurt your bottom line and damage your public image. Business liability insurance, also known as commercial general liability, is designed to provide coverage for lawsuits against your business related to property damage or bodily injury.

Business Property

Business property insurance protects your organization against property damage that is caused by external factors. This can include:

  • Fire
  • Blizzards
  • Windstorms
  • Theft or vandalism

Flood and earthquake coverage is typically excluded from this type of insurance unless your policy includes a special rider.

Business Rental Property

If you own a rental property, this type of coverage can offer protection against issues such as:

  • Property damage
  • Lawsuits
  • Loss of rental income

Business rental property insurance is a key component for landlords who want to mitigate risk.

Cyber Security Liability

Digital transformation is happening across every sector, which means that much of your confidential business information may be stored in the cloud. Cyber security insurance helps you recover financially in the event of a data breach or other type of cyberattack. A comprehensive policy can include both first-party and third-party coverage, so that your business is protected, as well as any partners or vendors who are affected by an attack.

Directors and Officers

Directors and officers insurance, often referred to as D&O, is designed to protect your most senior-level employees or board members. This type of coverage can be used to reimburse legal fees or other expenses associated with lawsuits against corporate directors or officers. However, if a director or officer is found guilty of a willful violation of the law, the insurer has the right to recoup its expenditures.

Employment Practices Liability

Employment practices liability insurance (EPLI) protects employers from discrimination claims brought against them by employees. It can also cover issues such as breach of contract or wage and hour violations.

Equipment Breakdown Insurance

Many businesses rely heavily on equipment in their day-to-day operations, such as restaurants, landscaping companies, and machine shops. And every business knows how disruptive it can be if there’s an issue with your HVAC or electrical system. Equipment breakdown insurance typically protects against on-premise and off-premise damage to equipment and may help cover any income lost in a covered accident while the equipment is repaired.

Franchisor and Franchisee Liability

Both franchisors and franchisees can face unique business challenges that require commercial insurance. Franchise insurance helps protect franchise operations from lawsuits brought against them by customers, employees, or even industry competitors. Blue Lion Insurance Advisors, tailors your franchisor insurance coverage based on factors like the number of employees, the service you provide, and the risk factors inherent to your business.

General Liability

Critical for many types of commercial operations, general liability insurance protects your business against lawsuits. You can use your coverage to pay for expenses such as legal fees, property repairs, or medical costs.

Inland Marine

This type of coverage is designed to safeguard your merchandise or other products that are being transported over land. Inland marine insurance may also offer coverage for high-value items that aren’t protected under a general liability policy.

Professional Liability

Any business that provides a professional service should consider adding a Professional liability insurance policy, commonly known as errors and omissions (E&O). It offers protection against claims from customers or patients of negligence, malpractice, or similar types of mistakes. This type of insurance is typically associated with medical providers, but can also be beneficial for professionals such as financial advisors, lawyers, real estate brokers, and contractors.

Vacant Commercial Property

If you own a vacant building, you run the risk of vandalism and other types of damage. Until the property is occupied, it can be helpful to have vacant commercial property insurance, which can provide coverage against different types of damage to the building.

Workers’ Compensation

Unfortunately, injuries can happen in any workplace, regardless of how careful an employer is. Workers compensation insurance is important for all employers in NJ, as it helps cover medical benefits and lost wages for employees who get injured on the job or become ill.

Contact Us to Learn More

The advisors at Blue Lion Insurance Advisors, are not affiliated with a particular provider. We simply offer straightforward advice on the types of coverage you may need and customize an insurance package that suits your business. Our highly trained and experienced advisors also offer claims management and risk management services. We take pride in our excellent customer service and keen attention to detail. Our long-term relationships with clients throughout NJ speak to the quality of our work as dedicated business liability insurance advisors who make your priorities our own. Learn more about us or contact us at 732-860-2611 to request a free insurance quote today.

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