Dirus & Sons

2100 Corlies Ave, Unit 4
Neptune City, NJ 07753

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4 Reasons Why You Need To Invest In Commercial Insurance

Running a business comes with numerous benefits. From sharing profits, flexibility, and bringing a sense of fulfillment, owning a business is a dream come true for many people. However, business ownership comes with many risks. As a result, you need commercial insurance to protect your business from liabilities and other threats like theft, fire, vandalism, and many more.

If you own a business in Neptune, NJ, you need to purchase business insurance from Dirus & Sons for the below reasons. 

Liability protection

Suppose someone sustains injuries on your business premises? Or perhaps, you are accused of advertising injury? In such unfortunate occurrences, your business could be facing substantial medical and legal liabilities. Without liability coverage add-on on your commercial insurance, your business could suffer massive financial losses.

Compliance with the law

The New Jersey law requires businesses to carry the following mandatory commercial insurance coverages:

  • Commercial auto insurance: It’s required for all vehicles running business operations. This coverage protects the car and the driver following an accident.
  • Workers’ comp insurance: As long as you have employed someone in your business, New Jersey requires you to purchase workers’ comp insurance to pay for employees’ medical costs for work-related injuries.

Physical assets protection

Whether rented or owned, commercial property coverage protects your business structure from perils like theft, fire, windstorms, hail, lightning, and so forth. Additionally, commercial insurance covers inventory, computers, and other equipment when destroyed by a covered peril.

Protects employees

Which is your most valuable business asset? It must be the employees. Your business could possess properties, intangible assets, networks, and so forth, but without employees, all these would amount to nothing. That said, businesses should purchase workers’ comp insurance to cover employees in the following ways:

  • Covering work-related injuries
  • Compensating partial loss of income
  • Paying for funeral expenses

Do you need to protect your Neptune, NJ business with commercial insurance? Contact Dirus & Sons today for a reliable quote.

5 Crucial Terms to Know with Commercial Insurance

Commercial insurance can be intimidating if you aren’t already well-informed about it. There are tricky terms that are used by agents and in articles that you may read. Read on to learn about some of these before you make an appointment with Dirus & Sons of the Neptune, NJ area. 

Specified Perils

Specified perils are the list of each peril (risk) that you’ll be insured against. It can include vandalism, fire, and explosion, among other things. You can request either basic specified perils or broadly specified perils that add more to this list. Conversely, open perils is the designation given to include all losses besides any that have specifically been excluded. 

Actual Cash Value

This is the Fair Market Value of an item. In other words, it’s the amount that a buyer with adequate knowledge would be willing to pay and what a seller with comparable knowledge would accept for the item.

Agreed Value

This amount has been agreed upon by the insured person and the insurance company to be paid if there is a loss. This is commonly used for property insurance for antiques, valuable artwork, and the like. An appraisal by a professional typically must happen first.

Aggregate Limit

This is the maximum amount of coverage in dollars that’s allowed for a liability or property damage policy. It can be determined as a total for the policy term or on a per-occurrence basis.


The deductible is something you’ll see with any type of insurance. It’s the amount that the insured individual has to pay before they are able to receive benefits from the policy.

Regardless of how much you currently know about commercial insurance, it’s in your best interest to locate a reliable, independent agent with the experience to assist you and make you feel more at ease. That’s where Dirus & Sons of the greater Neptune, NJ area steps in. Contact us to find out more.

Partner Carriers

  • Aetna
  • Ameritas
  • Bankers Fidelity
  • Bristol West
  • BTIS
  • Cabrillo Coastal
  • Delta Dental
  • Foremost
  • FTP
  • Humana
  • Mercury
  • Morstan
  • Penn Mutual
  • Plymouth Rock
  • Progressive
  • Savoy
  • Strand
  • Tokio Marine