Most of us would like to have a safety net to fall back on when emergencies arise. And for contractors who need certificates of insurance for general liability and workers compensation, Muller Insurance in Hoboken, New Jersey provides a safety net of insurance coverages for contractors.  At Muller Insurance, our staff of certified professional insurance agents can type a certificate right away for you. We have great pricing and service and can offer you special payment plans. In most cases we can give you an immediate quote.

General Liability Insurance:  Contractor’s liability insurance protects contractors against third party claims of property damage, personal injury, negligence, contractual liability and law suits that may occur while operating their business.  Liability insurance helps protect the contractor and can help defray the costs of attorney fees. General Liability Insurance covers bodily injury and property damage and also provides coverage for claims arising on account of property damage and bodily injury after the completion of a project. The Owners and Contractors Protective (OCP), which provides coverage relating to subcontractors, is included as a part of the general liability policy. Typically, a general contractor is not responsible for a subcontractor’s mistakes, but there have been times when attorneys for subcontractors sue the general contractor for negligence. As a precaution, a general contractor needs to ensure that any subcontractor they hire has general liability insurance. General contractors, who hire subcontractors that have General Liability coverage, will pay a lower premium on their insurance policy.

Workers Compensation Insurance:  If you have employees or are a corporation or LLC, New Jersey law says you must have Workers Compensation coverage. Compensation coverage will properly cover you if an employee gets hurt. In New Jersey, all Workers Compensation rates start at the same level. At Muller Insurance, we offer special managed care discounts for you from 10% all the way up to 17% if your business qualifies. Payment plans are available.

The Workers Compensation Insurance policy includes two parts: Part 1 provides benefits to employees who are injured or suffer from a disease that arises out of and in the course of employment. These include Medical, Income and Death Benefits. Part 2 provides Employer’s Liability that protects the employer against a variety of common law exposures for injuries that arise out of the course of employment. This coverage was designed to cover claims that are not subject to workers’ compensation laws. Such claims usually include claims made by the spouse or children of the injured worker or claims made by those who are exempt from the workers compensation policy coverage, i.e. minors.

Completed Operations Coverage: This coverage is extremely important for contractors. When a contractor is working on a site they are responsible for the staff’s safety and someone possibly getting hurt, for example tripping over a tool.  When their job is done, accidents happen and the contractor can be taken to court because their finished work can be a source of liability. An example would be an overhead door is installed in a garage and three months later the door malfunctions and falls on a car damaging it.  The owner of the car will expect the contractor to be responsible for the damages. The completed operations coverage will protect the contractor in this case, as long as the damage is not due to bad workmanship.

Find out all there is to know about Contractors Insurance at Muller Insurance in  Hoboken where our certified professional insurance agents help you secure a  safety net of insurance coverage to fit your business needs.

 

 

 About Roger J. Muller, Jr.

Overseeing Muller Insurance’s day-to-day operations and always improving how the company can better serve its clients, Roger J. Muller, Jr. is a Certified Professional Insurance Agent (CPIA) with 32 years experience in the insurance industry. He’s a travel agent, Certified Real Estate Appraiser (CREA), Certified Environmental Inspector (CEI), licensed Real Estate Broker and licensed Insurance Agent in the following states: New Jersey, New York, Pennsylvania, Connecticut, North Carolina, South Carolina, Florida, Maryland, Washington D.C., New Mexico, Arizona, Vermont, Ohio, Delaware, Maine, Georgia, Virginia and New Hampshire. Roger J. Muller, Jr. is a member of Sigma Xi, a lifetime member of the Hudson River Fishing Association, and Shriners-Salam Temple. A graduate of Ramapo College of New Jersey, Muller is a past board member of the Ramapo College Alumni. He has been a member of the Board of the Hoboken Chamber of Commerce since 2000 and served as Vice President in 2010.  He is a New Jersey Notary Public and a member of the Young Insurance Agents, NJ. He is a certified member of  the Hoboken Community Emergency Response Team (CERT) that responds to emergencies like building collapses, flooding and acts of terrorism.