National Preparedness Month

Posted by B3X2lG9n0X3 on September 7, 2016

Bergen County Preparedness Month | National Preparedness Month in NJ

National Preparedness Month is here in Bergen County and across the nation. As its name suggests this month is a great month to think about the unexpected and how you can best prepare for a myriad of situations, from natural disasters to burst pipes and everything in between. Much of this Bergen County preparedness involves planning and protection. Your Bergen County insurance company can help you with planning and protection.

Where do you start when you think about preparedness. A great place to start is with communication. Last year’s theme for National Preparedness Month was “Don’t Wait, Communicate. Make Your Emergency Plan Today”. This theme highlights the need to not only make a plan but to also communicate the plan. This can be as small as communicating with your family or taking the communication into the workplace and your overall community.

Another important part of being prepared is being insured. There is no time like the present to sit with your Lyndhurst NJ insurance agent to discuss your current coverage and where you may be lacking. This includes homeowners insurance, auto insurance, and business insurance to name a few.

Of course the object of National Preparedness Month is to think about your plans for a number of potential incidents and threats. This effort is backed by FEMA and certainly stresses the need to create a plan for the worse case scenario. Knowing your main threats is a part of this. For example, here in Bergen County we may not be facing the threat of wildfire as communities in the West do but we certainly face the potential of hurricane related damage. Other potential catastrophes could include power outages, terrorist activity, blizzard conditions, and contaminated water.

Contact our team at Bogle Agency Insurance for help assessing your coverage and your planning. We welcome the opportunity to serve as your guide to insurance in Bergen County NJ. Let our knowledge and experience help you navigate National Preparedness Month in Lyndhurst NJ.

Click here to learn more about National Preparedness Month from NOAA.

What Is A Surety Bond?

Posted by B3X2lG9n0X3 on August 3, 2016

Bergen County Business Insurance | Surety Bonds

What is a surety bond? It is a good question and one often asked by those who are required to purchase one for their business. This type of bond is a type of insurance in that offers a guarantee of coverage when compliance is not met. When a job requires a surety bond a company will purchase one through a Bergen County business insurance company.

How does a surety bond work? There are three parties involved in a surety bond, the principal, the surety, and the obligee. The principal is the person, or business, that buys the bond and is performing the services for which the bond covers. The surety is the insurance company guaranteeing the obligation of the principal. The person, or business requiring the bond is referred to as the obligee. In most cases the obligee is a governmental entity, whether it be local, state, or federal.

An example of a surety bond would be in the case of road work. The businesses bidding on the road work know they will be required to present a surety bond to proceed with the work. The winning bidder will get the bond, assuring the governmental entity charged with the road that the work will be completed and if it is not the work will be guaranteed.

A surety bond is required only when requested. While this type of insurance is typically only required when public entities are involved there are times when they come into play. These bonds are typically associated with large construction projects. Most insurance agents in Lyndhurst NJ can help explain the need for a surety bond as well as how to obtain one.

fails to comply with bonding terms and requirements, the surety company is financially obligated to cover damages up to the bond limit (or penalty) of the bond. The surety bond principal is also required to reimburse (or indemnify) the surety for losses paid to damaged parties.

The party requiring the bond is called the obligee. Each obligee has a specific bond form that is prepared and pre-populated for your convenience by Surety Bonds Direct. The specific bond limit, term, and other key information related to the customer and obligation can be found on the bond form.

Contact our team at Bogle Agency Insurance today to learn more about Bergen County business insurance and surety bonds in Bergen County NJ. We welcome the opportunity to answer all of your insurance questions. Let our knowledge and experience help you understand what type of insurance you need. We welcome the opportunity to answer your question, whether it be what is a surety bond? or something else entirely.

Who Is Covered Under NJ Workers Comp Insurance?

Posted by B3X2lG9n0X3 on January 9, 2016

Bergen County Workers Comp Insurance | Bogle Agency Insurance

When it comes to Bergen County business insurance and Bergen County Workers Comp Insurance, one of the most pressing questions is often who’s covered and who’s not? Workers compensation insurance in Lyndhurst New Jersey exists to protect workers who get hurt on the job. This type of insurance is also mandatory for a business to pay into and protects a Bergen County business as well as its employees. When an employee is hurt on the job there are things that employers should know.

Workers Comp Insurance

One of the most important things to know about workers compensation insurance in New Jersey is that it is required for all businesses, including LLCs and sole proprietors. While some states have companies that can be exempted that is not the case here in Bergen County or anywhere in New Jersey and, in fact, often anyone from out of state coming here for contract work needs to enroll in workers comp in our state.

New Jersey Workers Comp Insurance

Businesses do have the opportunity to self-insure for workers comp but they must do so through an application process and receive approval from the Commissioner of the Department of Banking and Insurance. Workers compensation is designed to protect employees who get injured on the job. Your Bergen County insurance specialist can help you understand your coverage and whether your company has any gaps that need to be filled.

Contact Bogle Agency Insurance

Contact our team at Bogle Insurance today to learn more about business insurance in Bergen County. Our full-service Bergen County insurance agency can help you with all of your coverage needs, including homeowners insurance, auto insurance, and business insurance. Let us serve as your guide to insurance in Lyndhurst NJ and throughout Bergen County.

Tag: Bergen county insurance