Does Your Home-Based Business Need Insurance?

Are you thinking about starting a home-based business? Or do you already run a business from your home? In either case you should know about insurance coverage for a home-based business. When someone starts a business from home they often assume that their homeowner’s insurance will cover it. Or they overlook insurance for the home-based business altogether. A homeowner’s insurance policy does not always offer the necessary coverage, and you do want to make certain your home-based business is covered by insurance.

What Kind of Insurance Does Your Home-Based Business Need?

In some cases coverage can be obtained by the addition of a rider to your
homeowner’s policy. You could opt for an in-home business insurance policy,
or a commercial insurance policy. You want to be sure that your home-based
business is covered by insurance. All home-based businesses do not need the
same coverage. An important thing to remember is that business insurance
protects you from claims that might destroy your business. The type of coverage
your business needs varies according to the business you want to insure.

You might need coverage for the breakdown of equipment, the interruption of
business, data loss or data breach. If you have employees you need liability
insurance. There are many different coverages that could apply to your particular
business. A highly qualified NJ Insurance Agent can help you determine just what
type of insurance, and how much insurance your home-based business requires.

Bogle Agency Insurance wants to make sure your home-based business is protected by
insurance.

Get The Information You Need to Protect Your Home-Based Business

The team at Bogle Agency Insurance is able to help you discover what kind of
coverage your home-based business needs. We want you to learn about New Jersey
business and commercial insurance coverages. Allow our knowledge and experience
to be your guide to the protection you need. Give us a call at (201) 939-1076.

Temporary Closing | Bogle Agency Insurance Bergen County NJ

Per the Bergen County Executive order our office will be closing Monday, March 23, 2020  and will reopen to the public when Bergen County states it’s safe for businesses to resume public interaction.

All of our employees will be working remotely.  We have protocols and technology in place to enable our employees to access all systems, resources, email, mail and voicemail to support our client’s accounts.

Please do not hesitate to call the office at (201) 939 – 1076 for any questions or concerns.

Coverage For Your Most Valuable Possessions

At Bogle Agency Insurance we are experts in the insurance coverage of high value assets. Items such as art collections, jewelry collections, expensive homes, expensive cars, boats, and anything else that successful families should protect with valuable assets coverage.

Coverage with Chubb offers the ability to insure things you cherish with confidence. Chubb calls it Masterpiece Valuables. Your beloved treasures are a reflection of your taste and your journey through life. These things may be inherited, bought during your travels, or something you and your family purchased to enhance your surroundings, such as art, rare books, or jewelry. Many times these things develop great value through the years and require extra protection from damage, theft, or fire. Typical homeowners’ policies protect your home and what is inside, but they only provide limited coverage for valuable possessions. That’s where Chubb Masterpiece coverage comes in.

Chubb Looks For Ways to Say “Yes”

With Chubb your valuable assets are protected. If you experience a loss of any of these cherished possessions, they go above and beyond the norm to make the claim process easy to understand and quick in execution. They strive to make you whole in as little time as possible. In most situations, their Claims Adjusters contact you within six hours of the initial report of a claim. They try to issue payment within 48 hours after the adjuster has examined the loss. Valuable assets coverage is a benefit to you and your family.

Chubb Has Experts to Help Prevent Future Losses

If you have a rare collection of jewelry, for instance, they have experts that will share
tips on how to protect these items from burglary. If you are an art collector, they provide complimentary advice on loss prevention and preservation. If you live in a vulnerable area, they advise on how to secure valuables before a wildfire, earthquake, hurricane, flood or other major disaster.

Bogle’s Reputation for Excellence

Bogle Agency Insurance is proud to offer our clients Personal Lines Insurance
Coverage for Successful Families and individuals with high value assets. With Chubb, coverage can be tailored to your needs, and make sure your valuable possessions are truly protected. If you and your family have valuable assets that require extraordinary insurance coverage, give Bogle a call at (201) 939-1076. You can visit us for a consultation at 200 Stuyvesant Avenue, Lyndhurst, NJ.

Insuring Your Seasonal, Vacation and/or Secondary Home

As with any home, vacation or second homes need to be insured. The risks are different, so the coverage may have different costs than primary home insurance. Before you invest in a vacation or second home, you should be aware of the cost to insure it.

Since you don’t spend as much time in a vacation home as in a primary residence, the danger of theft, vandalism, or damage such as fire or burst pipes are a greater risk. If you plan to rent out the vacation home, there may be cost.

Bogle Agency Insurance personal lines specialists are always ready to advise you
about the risks and costs involved with insuring your vacation or second home. We also represent the leading carriers, like for instance Chubb who specialize in these kinds of property risks. 

Factors That Impact The Cost Of Vacation Home Insurance

LOCATION

Where the second home is located makes a difference in insurance cost. If it is in a flood, or earthquake-prone area you will need to consider coverage.

TYPE OF PROPERTY

Whether your vacation home is a stand-alone house or a condo or townhouse makes a difference. If the vacation home is a condo and is maintained by a homeowners’ association providing some security, your insurance cost may be lower. The age and kind of building materials used for the house may also be factors considered for your vacation home.

EXTRA AMENITIES

If your vacation home has a pool or maybe a hot tub there can be added risk. Additional liability
insurance may be something to consider.

How You Can Save Money on Second Home Insurance

You can be judicious and choose a location with lower risk – a little farther from the beach, for instance.

By insuring the vacation home with the same insurer that provides coverage on your primary residence may lower cost. This is known as “bundling” policies.

You can install an alarm system – one that detects both fire and break-ins and this might lower the cost.

Of course, we can also shop around for the best quote on your vacation home insurance.

Talk To An Insurance Expert

Bogle agents are available to give you sound advice on the best coverage and best prices for insuring your vacation home. Our aim is to make the insured have peace of mind about coverage, for the lowest cost. Call us today at (201) 939-5378, or come in for a consultation at 200 Stuyvesant Avenue, Lyndhurst, NJ.

What is Workers’ Compensation Insurance?

Workers’ Compensation Insurance is a type of insurance that provides medical and wage benefits
to people who are injured or become ill at their job. It is mandated by the
state and the benefits vary by state. All companies that have more than one employee must have
workers’ compensation insurance. In the state of New Jersey all employers are required to have
workers’ compensation coverage for their employees.

Who and What is Covered by Workers’ Compensation Insurance?

Understanding who and what is covered by Workers’ Comp is important. First, to be covered by
Workers’ Compensation Insurance you must be an employee. If you are self employed, you are not
considered to be an “employee” and you have to buy your own workers’ compensation coverage.
The firm you work for must have a Workers’ Compensation policy in place. The illness or injury
must have occurred while on the job. If you work for a firm that has an unsafe environment
it is incumbent upon you to make sure there is a Workers’ Compensation policy in force.

Of course, all business owners need to know whether they need a Workers’ Compensation Insurance
policy in place. Talking to a professional insurance specialist will help you to know what type
of coverage you need.

What is Considered An Unsafe Working Environment?

When an employee is not able to perform duties because of dangerous physical conditions in the
workplace, that is considered an unsafe environment. There are many factors, but things like
exposed wiring, broken equipment, hazardous materials, or asbestos cause unsafe conditions.
Studies have found that among the most dangerous jobs in America are:

1. Fishers and related fishing workers

2. Logging

3. Airline pilots and flight engineers

4. Construction and Roofing

5. Refuse Collection and Recycling

6. Structural Iron and Steel Workers

That’s only a sampling, there are many more jobs that are performed in perilous environments.
Of course, any job can be unsafe if it is performed in unhealthy or dangerous surroundings.

Talk to an Insurance Professional about Workers’ Compensation Insurance

Whether you are an employer or an employee you need to be covered by Workers’ Compensation
Insurance. If you are an employer you need this coverage to comply with the law, as well as
to be covered for employee mishaps. If you are an employee you need the coverage to compensate
you when you are unable to work. Bogle Agency Insurance has been offering a complete line of
insurance options for employers and employees for many years. Let our knowledge and experience
serve as your guide to the coverages you need. We are ready to answer any and all questions
regarding Workers’ Compensation Insurance. Give us a call at (201) 939-1076, or drop in for a
consultation at 200 Stuyvesant Avenue, Lyndhurst, NJ.

What Are the Factors that Affect Life Insurance Premiums?

Although there are many factors that affect the price of life insurance, the most prominent ones are age, health and lifestyle. Risks to these elements of your life are always considered when determining premiums in life insurance. Your age, existing medical problems or habits that are injurious to your health are viewed as risks and will affect premium cost. If eligibility for life insurance is a concern, talk to a New Jersey Insurance specialist. They will explain the differences in policies, and talk about the risks you have that will affect your cost.

Personal Habits That Affect Life Insurance Premiums

Smoking is one of the most adverse habits that affect life insurance premiums. Excessive alcohol consumption and other overall risky behavior are also major factors. Purchasing a life insurance policy when you are young will be less expensive than when you are older. Certain health concerns such as high cholesterol, obesity, and any existing medical issues will affect the determination of eligibility and price.

Details That Affect Life Insurance Premiums

Life Insurance cost is affected by the length of coverage. Usually a longer term is going to cost more than a shorter term. A longer-term policy takes into consideration the probability of death within that period of coverage and the premiums will be higher. Other factors affecting life insurance premiums are gender or occupation. A Bergen County Insurance Agent can discuss the factors in your life that will affect the premiums of life insurance with you.

What are Life Insurance Options?

NJ Life Insurance options include:

Whole Life Insurance

Whole Life Insurance covers you for the rest of your life. This type of Life Insurance provides death benefits and additional cash value which grows during the life of the policy. Usually you must qualify with a health examination. It takes a number of years for a cash value to accumulate. Whole Life Insurance can cost more at first, but will eventually save you money if it stays in force for a long time.

Term Life Insurance

Term Life Insurance provides only death benefits, and pays only if you die within the term limits of the policy. This is the most affordable Life Insurance option. Term Life is purchased for a certain time period – 5, 10, 15, or 30 years, which is a “term”.

Combined Term and Whole Life Coverage

This type of policy combines the ability to build lifelong value, while supplementing certain specific times of your life (such as during children’s education, when you have a mortgage, etc.) with the protection of a term policy.  Combined Term and Whole Life coverage offers the best of both worlds.

Call Bogle Agency Insurance for guidance

Bogle Agency Insurance is an authority on Insurance in Bergen County and throughout all of New Jersey. Get in touch with us today to learn about Life Insurance and the factors in your life that will affect premiums. Our agents are knowledgeable and are able to answer all of your questions in this regard. Our team will ease your mind about the Life Insurance options that are available, and the cost involved. Helping you choose the right Life Insurance for yourself and your family is our main concern. Call Bogle Agency Insurance at (201) 939-1076 or come in for a consultation at 200 Stuyvesant Avenue, Lyndhurst, NJ.

Automobile Risks Small Business Owners Should Know About  

Bogle Agency Insurance advises our commercial clients, large and small, about how to protect themselves from potential risks and unforeseen events.

Accidents happen on a daily basis; if you don’t have the proper fleet automobile coverage your business could be vulnerable to losses.

What Automobile Risks Should Small Business Owners Know About?

1. Employees using personal vehicles to carry out company business.

Many times there is a need for one of your employees to pick up supplies, or lunch, or a visiting business colleague. That person uses their own personal vehicle. If they have an accident in the performance of these duties, your small business may be liable.

2. Hiring non-company individuals to perform driving duties.

Maybe you need something or someone to be picked up from the airport. You hire a driver to make the pickup, using their own vehicle. An accident occurs and the item to be picked up is damaged, or the person to be picked up is injured. Your small business may be liable.

3. Accidents causing damage or injury that occur with the use of company-owned vehicles

Your small business is probably covered in this case, but is it? Proper automobile insurance coverage is available and good professional advice is essential. Business owners must talk to an experienced agent to get the coverage they need.

4. You hire part-time employees to perform certain tasks.

In the performance of these tasks, that part-time employee has an accident using their own automobile. There are so many people engaged in today’s “gig economy”. These are people who for some reason prefer the flexibility of “gig” or free-lance one-at-a-time jobs. Many times these “gig” workers aren’t properly insured and your small business may end up being liable.

What Kind of Coverage Do You Need?

All businesses need insurance coverage for company-owned automobiles. Large businesses usually have “fleet” coverage, but small businesses sometimes overlook automobile insurance. Small businesses have as much auto risk as large businesses. Whether your small business owns vehicles used in the performance of company tasks, or you hire outside help for automobile transport, you need proper insurance coverage. These coverages are available and can be tailored to your specific needs. This is why all small business owners need to talk to a professional insurance agent. An experienced agency such as Bogle Agency Insurance has the knowledge and expertise to advise you.

Small Business Automobile Insurance Advice from Bogle Agency Insurance

Bogle Agency Insurance has been in business since 1919. Advising individuals and businesses has been our focus and we will help you get the coverage you need for your Small Business Automobile Insurance. Call Bogle Agency Insurance today at (201) 939-1076, or come in for a consultation at 200 Stuyvesant Avenue, Lyndhurst, NJ