What is NJ Homeowners insurance?

Your home is the center of your daily life, and likely your most valuable asset. When your home is damaged or destroyed, you need your claim settled by an insurance company that understands this simple fact.

Prime Insurance Agency can help you find the home owners insurance that will best meet your needs and provide the most valuable combination of tailored coverage, quality service and fair pricing. Depending on where you live – a house, apartment, or condominium – the right home insurance policy can provide you peace of mind as well as the money you need to repair or replace your home and/or belongings.

Visit us online at http://www.PrimeIns.com for more information on obtaining Home Insurance NJ insurance quotes.

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What is Workers Compensation NJ insurance?

What is Workers Compensation NJ insurance? 

Prime Insurance writes workers' compensation insurance for businesses in New Jersey, needing coverage. NJ Workers' compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence.

Employers are legally obligated to take reasonable care to assure that their workplaces are safe. 

Visit us online at http://www.PrimeIns.com for more information on obtaining Workmans Comp. Insurance.

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Workers Compensation Insurance

Employers have the responsibility to protect their employees. To be sure we all stay safe, it's mandatory to have Workers Compensation coverage. You can get good rates by choosing the right agency.

 Prime Insurance Agency is excited to share with you the real truth about Workers’ Compensation Insurance. It is a false presumption that rates are regulated by law and policy premiums have to be skyrocketing. You may be surprised to know that you can save thousands of dollars, by choosing the right agent.

There are a few units that must have Workers Compensation Insurance. These are Corporations, Partnerships/LLC's, and Sole Proprietorship. As hard as we try to keep the working environment safe, accidents do happen. Therefore, it is required by state law that all employers must purchase a workers compensation insurance policy to protect workers who are injured or become ill due to a workplace exposure. The policy will cover a few things. Firstly, medical and rehabilitation costs and secondarily it will compensate a percentage of lost wages for employees injured at work. General damages for lesser pains or distress, are usually not available in worker compensation plans, and negligence is generally not an issue in the case. Failing to have workers compensation insurance will result in exorbitant fees.

There is a common misconception that workers' compensation insurance rates are regulated by the state. In truth , the only area that is controlled by the  insurance bureau is that carriers must file their rates and a maximum limit is set of how much can be charged. Employers that are are from out of the state, may need Workers Compensation coverage too. That's if the actual work is done in the state, or if the contract of employment is in the state. The rates may be different depending on the agency. You may purchase a policy directly from an insurance carrier, an insurance agent or an insurance broker. Exclusive agents like Prime Insurance Agency can provide their expert guidance and competitive rates.

There are a few different things that go into determining what the annual premium your insurance carrier will charge. These include your job description, your company's past history of work related injuries, and your payroll. For example,  a roofer or framer will have a higher rate than an office manager or secretary.

Contact us so we can review your insurance needs.