Definitions by Policy Type
This is an insurance policy which provides benefits to employees for any injury or contracted disease arising out of and arising from employment. All states have laws which require such protection for workers and prescribe the length and amount of benefits provided. Not all workers compensation insurance companies are the same. Many agents advise their customers that “all workers compensation is the same”. This certainly isn't true in New Jersey.
This definition is an abbreviated description of the coverage provided by this type of insurance policy. The actual policy consists of multiple pages and contains many terms and conditions.
At this time, we only offer insurance to businesses that are domiciled in New Jersey.
For more information on this type of insurance and good advice on how it may apply to you, contact us by completing this simple and easy form. If you are in New Jersey, we promise to get back to you before the end of the next working day.
This is coverage designed to provide insurance for commercial vehicles (other than private passenger cars). While cars can be added to the business automobile insurance policy, your agent needs to guide you through the maze of options and limitations that apply when cars are added to this type of policy. Available coverage includes liability, comprehensive, collision, medical payments, uninsured motorist, and more than a dozen other options. Not all business auto policies are the same. Careful consideration must be given to securing the correct coverages for your specific needs.
This definition is an abbreviated description of the coverage provided by this type of insurance policy. The actual policy consists of multiple pages and contains many terms and conditions.
At this time, we only offer insurance to businesses that are domiciled in New Jersey.
For more information on this type of insurance and good advice on how it may apply to you, contact us by completing this simple and easy form. If you are in New Jersey, we promise to get back to you before the end of the next working day.
The commercial general liability policy will defend you and pay judgments against you when you are found legally liable for bodily injury or property damage that is caused by your business operations. This is a very broad policy and therefore must contain many exclusions. Most of the exclusions are necessary as other policy types are needed to satisfy a more specific insurance need such as: automobile, watercraft, workers compensation, aircraft and mobile equipment to name a few. One of the most significant exclusions is damage to your product. While it covers damage you cause to the property of others, it does not cover loss or damage to anything that you have built. The liability portion of personal types of policies specifically excludes coverage for any business operations, hence the need for specific business liability insurance. Sound confusing? It is. That's why you need to speak with an experienced professional at Anderson Insurance Agency.
This definition is an abbreviated description of the coverage provided by this type of insurance policy. The actual policy consists of multiple pages and contains many terms and conditions.
At this time, we only offer insurance to businesses that are domiciled in New Jersey.
For more information on this type of insurance and good advice on how it may apply to you, contact us by completing this simple and easy form. If you are in New Jersey, we promise to get back to you before the end of the next working day.
A commercial property policy provides coverage for real and personal property that is used in a business. This policy is often referred to as a fire and hazard policy. All forms of this insurance cover much more than fire and hazard. Coverage is available in several levels of protection, ranging from the least expensive which covers the fewest types of events to the “special” form, which provides the broadest coverage. This form of coverage does not provide automatic extensions of coverages like those found on personal policies (contents, garages, loss of income, tools, etc). Because of this, you need an agent who takes the time to thoroughly understand your business and then offer the many options available to you.
This definition is an abbreviated description of the coverage provided by this type of insurance policy. The actual policy consists of multiple pages and contains many terms and conditions.
At this time, we only offer insurance to businesses that are domiciled in New Jersey.
For more information on this type of insurance and good advice on how it may apply to you, contact us by completing this simple and easy form. If you are in New Jersey, we promise to get back to you before the end of the next working day.
This is a form of liability insurance protecting policyholders for claims in excess of the limits of their primary policies. This form is sometimes referred to as a commercial umbrella liability policy. The term umbrella comes from the fact that this policy provides coverage over your other commercial liability policies. The purpose of this type of policy is to provide higher limits of insurance at the lowest possible cost. Commercial umbrella policies can be cheaper than purchasing higher limits on your primary liability policies as these policies use the primary policies as deductibles. These forms are not standardized, unlike many coverage forms in the insurance industry. Because of this fact, you need an agent who takes the time to thoroughly understand your business and then offer a policy that is right for you.
This definition is an abbreviated description of the coverage provided by this type of insurance policy. The actual policy consists of multiple pages and contains many terms and conditions.
At this time, we only offer insurance to businesses that are domiciled in New Jersey.
For more information on this type of insurance and good advice on how it may apply to you, contact us by completing this simple and easy form. If you are in New Jersey, we promise to get back to you before the end of the next working day.
Floor coverage protects against damage done by the rising or overflowing of bodies of water, rapid accumulation of rain water, water which backs up from storm drains, and mudslide. These types of losses are seldom (if ever) covered by the traditional property insurance policy. Anderson Insurance Agency is one of the largest writers of flood insurance in the country and is often consulted by other agencies. Since premiums can fluctuate greatly based on unusual rating questions, you should place your flood insurance with Anderson Insurance Agency.
This definition is an abbreviated description of the coverage provided by this type of insurance policy. The actual policy consists of multiple pages and contains many terms and conditions.
At this time, we only offer insurance to businesses that are domiciled in New Jersey.
For more information on this type of insurance and good advice on how it may apply to you, contact us by completing this simple and easy form. If you are in New Jersey, we promise to get back to you before the end of the next working day.
This is a special form of insurance written to cover the unique loss exposure presented by buildings under construction. The policy basically provides property coverage (fire and hazard) and often much broader coverage than that which can be found under the common commercial property forms. The policy cannot provide other coverages that are needed for those who are erecting buildings (liability, workers compensation, flood, etc.). Separate coverage must be written to provide the full spectrum of coverage that a person needs when constructing a building. All insurance companies require the insured to purchase coverage in an amount equal to the final and full replacement value of the structure and most carriers will not issue a policy after construction has started. It is imperative that coverage be placed before any construction begins.
This definition is an abbreviated description of the coverage provided by this type of insurance policy. The actual policy consists of multiple pages and contains many terms and conditions.
At this time, we only offer insurance to businesses that are domiciled in New Jersey.
For more information on this type of insurance and good advice on how it may apply to you, contact us by completing this simple and easy form. If you are in New Jersey, we promise to get back to you before the end of the next working day.
This is one of the major divisions of insurance (life, health, property, marine, casualty, surety), primarily written for property in transit. If by sea, "ocean" marine or "wet" marine; otherwise, "inland" marine. We have one of the very few true marine insurance departments in New Jersey offering insurance programs for marinas, marine contractors, boat dealers, bulkhead & dock builders, and yacht clubs.
This definition is an abbreviated description of the coverage provided by this type of insurance policy. The actual policy consists of multiple pages and contains many terms and conditions.
At this time, we only offer insurance to businesses that are domiciled in New Jersey.
For more information on this type of insurance and good advice on how it may apply to you, contact us by completing this simple and easy form. If you are in New Jersey, we promise to get back to you before the end of the next working day.
This is insurance coverage, which pays for loss of earnings or income when business operations are interrupted, curtailed, or suspended due to a covered property loss. The types of losses covered are usually defined in the commercial property form (fire and hazard) as this coverage is commonly written as an endorsement (rider) to that policy. Coverage generally includes loss of rents and rental value. Extra expenses incurred to continue operations at another location are usually included as long as they reduce the total amount of loss.
This definition is an abbreviated description of the coverage provided by this type of insurance policy. The actual policy consists of multiple pages and contains many terms and conditions.
At this time, we only offer insurance to businesses that are domiciled in New Jersey.
For more information on this type of insurance and good advice on how it may apply to you, contact us by completing this simple and easy form. If you are in New Jersey, we promise to get back to you before the end of the next working day.
This is the insurance of property (generally on an "all-risk" [special form] basis) that is in the course of transportation or is of such a nature that it may easily be transported. Also includes some risks at fixed locations considered "instruments of transportation or communication," such as bridges, tunnels, neon signs, and street clocks, etc.
The term “inland marine” originally meant the insurance of goods in transit "inland" instead of at sea.
This definition is an abbreviated description of the coverage provided by this type of insurance policy. The actual policy consists of multiple pages and contains many terms and conditions.
At this time, we only offer insurance to businesses that are domiciled in New Jersey.
For more information on this type of insurance and good advice on how it may apply to you, contact us by completing this simple and easy form. If you are in New Jersey, we promise to get back to you before the end of the next working day.
This is coverage designed to provide insurance for commercial vehicles (other than private passenger cars). While cars can be added to the business automobile insurance policy, your agent needs to guide you through the maze of options and limitations that apply when cars are added to this type of policy. Available coverage includes liability, comprehensive, collision, medical payments, uninsured motorist, and more than a dozen other options. Not all business auto policies are the same. Careful consideration must be given to securing the correct coverages for your specific needs.
This definition is an abbreviated description of the coverage provided by this type of insurance policy. The actual policy consists of multiple pages and contains many terms and conditions.
At this time, we only offer insurance to businesses that are domiciled in New Jersey.
For more information on this type of insurance and good advice on how it may apply to you, contact us by completing this simple and easy form. If you are in New Jersey, we promise to get back to you before the end of the next working day.
The commercial general liability policy will defend you and pay judgments against you when you are found legally liable for bodily injury or property damage that is caused by your business operations. This is a very broad policy and therefore must contain many exclusions. Most of the exclusions are necessary as other policy types are needed to satisfy a more specific insurance need such as: automobile, watercraft, workers compensation, aircraft and mobile equipment to name a few. One of the most significant exclusions is damage to your product. While it covers damage you cause to the property of others, it does not cover loss or damage to anything you have built. The liability portion of personal types of policies specifically excludes coverage for any business operations, hence the need for specific business liability insurance. Sound confusing? It is. That's why you need to speak with an experienced professional at Anderson Insurance Agency.
This definition is an abbreviated description of the coverage provided by this type of insurance policy. The actual policy consists of multiple pages and contains many terms and conditions.
At this time, we only offer insurance to businesses that are domiciled in New Jersey.
For more information on this type of insurance and good advice on how it may apply to you, contact us by completing this simple and easy form. If you are in New Jersey, we promise to get back to you before the end of the next working day.
The commercial general liability policy will defend you and pay judgments against you when you are found legally liable for bodily injury or property damage that is caused by your business operations. This is a very broad policy and therefore must contain many exclusions. Most of the exclusions are necessary as other policy types are needed to satisfy a more specific insurance need such as: automobile, watercraft, workers compensation, aircraft and mobile equipment to name a few. One of the most significant exclusions is damage to your product. While it covers damage you cause to the property of others, it does not cover loss or damage to anything that you have built. The liability portion of personal types of policies specifically excludes coverage for any business operations, hence the need for specific business liability insurance. Sound confusing? It is. That's why you need to speak with an experienced professional at Anderson Insurance Agency.
This definition is an abbreviated description of the coverage provided by this type of insurance policy. The actual policy consists of multiple pages and contains many terms and conditions.
At this time, we only offer insurance to businesses that are domiciled in New Jersey.
For more information on this type of insurance and good advice on how it may apply to you, contact us by completing this simple and easy form. If you are in New Jersey, we promise to get back to you before the end of the next working day.
This is a type of insurance written for businesses instead of individuals (for which the term personal lines applies). The types of coverage and policies necessary to provide business insurance can only be determined after consulting with a licensed and trained insurance professional.
This definition is an abbreviated description of the coverage provided by this type of insurance policy. The actual policy consists of multiple pages and contains many terms and conditions.
At this time, we only offer insurance to businesses that are domiciled in New Jersey.
For more information on this type of insurance and good advice on how it may apply to you, contact us by completing this simple and easy form. If you are in New Jersey, we promise to get back to you before the end of the next working day.
This is a type of insurance written for businesses instead of individuals (for which the term personal lines applies). The types of coverage, and policies necessary to protect commercial (business) marine operators can only be determined after consulting with a licensed and trained insurance professional. We have one of the very few true “marine insurance” departments in New Jersey offering insurance programs for marinas, marine contractors, boat dealers, bulkhead and dock builders and yacht clubs.
This definition is an abbreviated description of the coverage provided by this type of insurance policy. The actual policy consists of multiple pages and contains many terms and conditions.
At this time, we only offer insurance to businesses that are domiciled in New Jersey.
For more information on this type of insurance and good advice on how it may apply to you, contact us by completing this simple and easy form. If you are in New Jersey, we promise to get back to you before the end of the next working day.
This is an insurance policy which provides benefits to employees for any injury or contracted disease arising out of and resulting from employment. All states have laws, which require such protection for workers and prescribe the length and amount of benefits provided. Not all workers compensation insurance companies are the same. Many agents advise their customers that “all workers compensation is the same”. This certainly isn't true in New Jersey.
This definition is an abbreviated description of the coverage provided by this type of insurance policy. The actual policy consists of multiple pages and contains many terms and conditions.
At this time, we only offer insurance to businesses that are domiciled in New Jersey.
For more information on this type of insurance and good advice on how it may apply to you, contact us by completing this simple and easy form. If you are in New Jersey, we promise to get back to you before the end of the next working day.
Coverage is available for legal costs to defend claims involving sexual harassment, wrongful termination and discrimination including legal liability for such acts.
This definition is an abbreviated description of the coverage provided by this type of insurance policy. The actual policy consists of multiple pages and contains many terms and conditions.
At this time, we only offer insurance to businesses that are domiciled in New Jersey.
For more information on this type of insurance and good advice on how it may apply to you, contact us by completing this simple and easy form. If you are in New Jersey, we promise to get back to you before the end of the next working day.
A separate policy or endorsement to the commercial package policy to cover losses caused by employee dishonesty. It can cover the loss of money, check forgery, or goods. Without this extension of coverage, theft or dishonest acts of employees are not covered.
This definition is an abbreviated description of the coverage provided by this type of insurance policy. The actual policy consists of multiple pages and contains many terms and conditions.
At this time, we only offer insurance to businesses that are domiciled in New Jersey.
For more information on this type of insurance and good advice on how it may apply to you, contact us by completing this simple and easy form. If you are in New Jersey, we promise to get back to you before the end of the next working day.
This form of insurance covers an employer against claims made against him by employees caused by a negligent act, error or omission in the administration of the insured's employee benefit programs. Typical losses arising from providing incorrect advice concerning an employee's pension plan or failure to enroll employees under a benefit program such as health, live, dental, or vision insurance plans offered by the employer are covered under this insurance.
This definition is an abbreviated description of the coverage provided by this type of insurance policy. The actual policy consists of multiple pages and contains many terms and conditions.
At this time, we only offer insurance to businesses that are domiciled in New Jersey.
For more information on this type of insurance and good advice on how it may apply to you, contact us by completing this simple and easy form. If you are in New Jersey, we promise to get back to you before the end of the next working day.
This coverage will pay the cost of medical care to an injured person regardless of negligence or liability. This coverage is usually an extension of coverage found in general liability and automobile policies. Coverage is not available to the insured or residents, and only to members of the public at large. One of the purposes of this limited coverage is to quickly take care of smaller medical bills of injured people so that they do not have to sue you in order to get their medical expenses paid. Larger claims are subject to negligence and if you are negligent, your full limit of coverage purchased under the general liability policy would be available.
This definition is an abbreviated description of the coverage provided by this type of insurance policy. The actual policy consists of multiple pages and contains many terms and conditions.
At this time, we only offer insurance to businesses that are domiciled in New Jersey.
For more information on this type of insurance and good advice on how it may apply to you, contact us by completing this simple and easy form. If you are in New Jersey, we promise to get back to you before the end of the next working day.
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