5 Things Your Business Owners Policy is Missing

If you own a small enterprise and looking for an insurance policy for your business, a business owner’s policy, or BOP, can be a great solution.  Below we go over what a business owners policy is, what it covers, its advantages, and things your BOP might be missing.  What is a Business Owners Policy Insurance? […]

Cleaning and Maintenance Tips to Prevent Insurance Claims

Whether you love the opportunity to clean, inspect, and do some maintenance work around the house, or you find it to be a tedious chore, the value of doing some much-needed cleaning is undeniable. Regularly inspecting and maintaining your house or commercial building(s) is just as important as regularly checking and maintaining your car.  For […]

What is Flood Insurance and Why Do You Need It?

As defined by FEMA, a flood is: A general and temporary condition of partial or complete inundation of 2 or more acres of normally dry land area or of 2 or more properties (at least 1 of which is your property) from: Overflow of inland or tidal waters; or Unusual and rapid accumulation or runoff […]

Does a Nonprofit Organization Need Directors and Officers (D&O) Coverage?

Nonprofits often face intense scrutiny about how they use their funds and their method of operations. Where claims are made against directors of a nonprofit, the organization, directors, officers, and trustees can find they are neck-deep in expensive legal procedures, resulting in huge fees, penalties, and litigation costs.  Even the best intentions can result in […]

Commercial Lines Claim Stories

Having commercial insurance is one of the best ways to protect a business from unpredictable situations. At Otterstedt, we understand that most businesses are always one disaster or lawsuit away from closure.  Here are some examples of real-life stories of how we help our clients navigate various unexpected challenges, keeping their businesses afloat.  Story 1: […]

Why Choose Otterstedt for Your Small Business Insurance

If you own a small business in New Jersey, you’ve probably come across many agencies selling small business insurance. But the truth is, most insurance agencies in NJ will sell insurance that meets your budget but not your small business needs. That’s where Otterstedt comes in to provide something different.  Here’s how.  Personalized Service Otterstedt […]

Annual Business Insurance Checkup: Make Sure You Have The Proper Coverage

Reviewing your business insurance during an annual checkup is important for ensuring your business is successful and you aren’t missing any coverage. Depending on how your business may have changed or grown since your last review, you should consider examining your policies to see if they still meet your needs. The last thing you want […]

What Type of Insurance Do You Need as a Retailer?

Owning a business comes with many responsibilities, such as providing each customer with high-quality products as well as providing exceptional customer service, but what do you do when an injury or damage occurs? It’s important to maintain adequate insurance coverage for your brick-and-mortar retail store. Understanding the difference in policy options will help determine what type […]

Does Insurance Cover Damage From Wind Related Weather?

Obviously living in areas frequented by strong winds and storms such as tornadoes, hurricanes, and blizzards requires an understanding of wind-related coverages, but with the changing weather patterns, everyone may be susceptible to a wind loss Insurance Coverage Explained  Most commercial and personal policies have a general provision for damage caused by windstorms and hailstorms. The […]

Using Multi-Factor Authentication (MFA) To Protect Your Business

With each separate account requiring you to create a password, it becomes a hassle to remember several different ones, so people tend to make their passwords the same for each account. While this might be okay with a complex password, people often use a simple password that is easy for hackers to guess. An article […]

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