Corporation Name: Stefanelli Financial LLC
Trade Name: Stefanelli Insurance Brokerage
Insuring a Bright Future
Montville NJ 07045
Lavallette NJ 08735, Jewett NY 12444
South Palm Beach FL 33480
Property & Casualty
We Specialize in All Types of Insurance Home-Flood-Auto- Truck- Business E&O & Cyber Liability Insurance
Title Agency- Realtor/Broker -Notary- Closing/Signing Agent as well as bonds, Fidelity/Surety for all other professional business such as Doctor Malpractice Insurance & Local Government Municipality / School and offer excellent service & pricing in the industry as well as for the following below & within this website
Auto - Truck- Antique Cars
Annuity Life Insurance
Workers’ Compensation FAQs
· Why do I need workers’ comp insurance?
In most states, the law requires most businesses having one or more employees to have workers’ compensation insurance. In fact, many states employers are required to post notice somewhere in the workplace advising employees of the identity of the insurer and how to report a claim. Employers can be fined for not carrying workers’ compensation insurance and stop orders can be issued, depending on state labor commissions, preventing employers from using employee labor until coverage is obtained.
· What is covered in a workers’ comp policy?
It depends. The insurance benefits provided by a Workers’ Compensation policy are regulated by each state, thus, they may differ in each state in which you operate. A workers’ compensation policy provides coverage for lost wages, medical expenses, rehabilitation expenses, and death benefits resulting from an employee’s injury or illness that occurs due to the job. Incidents can range from sudden accidents to work-related illnesses/injuries that happen over time. Covered medical expenses can include hospital care, surgery, doctor visits, physical therapy, emergency room visits, prescription medication, etc. When an employee is unable to stay at (or return to) work, replacement income can be provided.
· Are all on-the-job injuries covered by workers’ compensation coverage?
In general, workers’ compensation policies cover most, but not all, on-the-job injuries – even when an injury is caused by employer or employee carelessness. However, injuries that happen because an employee is intoxicated or using illegal drugs are most likely not covered. Other examples of injuries that may not be covered are injuries suffered when an employee was not on the job or injuries suffered when an employee’s conduct violated company policy. The rules vary widely state by state, and rules can be changed from time to time.
· If I use contractors instead of employees, do I still need workers’ compensation insurance?
Contracted workers, leased workers, and some other hiring situations may be exempt from workers’ compensation requirements. However, laws differ from state to state and some require companies to provide coverage for contractors. We'd be glad to discuss your current situation with you if you want to call us at 1-973-331-0018.
· How important is it to correctly identify industry type in determining Industry Classification?
Really important! If the type of business is improperly classified, a business owner could pay significant additional premium at the end of the policy term. The workers’ compensation industry uses a standard set of three- or four-digit “classification codes” assigned by either a State Rating Bureau or the National Council on Compensation Insurance (NCCI) depending upon the state. Each code reflects the risk associated with the duties or “scope of work performed” for employees at a particular type of company. As a result, this classification is the basis for the workers’ compensation insurance rates assigned to that job. Incorrect industry identification generally means the premium charged is either higher or lower than appropriate, resulting in a large workers’ compensation premium payment, or credit due, when the policy’s mandatory premium audit is conducted.
Knowingly misclassifying workers is an act of fraud and can have serious consequences.
If you are unsure of your class, we are glad to help get it figured out up front! Give us a call at 1-973-331-0018
· How is the cost (the premium) of a workers’ compensation policy calculated?
The price you pay is based on many different factors including your payroll, the kind of business you have, the job duties of your employees, and where your business is located. In a simple example, what typically happens is that your industry class is determined, your payroll is multiplied by the “base rate” approved by your state’s department of insurance, and then, the result may be adjusted for several factors, including prior claims experience, risk characteristics such as a safety program or training program, or in some states a factor could be where you are located in the state.
· "What is meant by Annual Employee Payroll?
Annual Employee Payroll is a technical term which refers to the annual amount paid to all of your employees (both full and part time), including W-2, 1099, and cash wages. In other words, the amount does include wages, commissions, bonuses, overtime pay, and holiday/sick/vacation pay. Annual employee payroll does not include tips, severance pay, overtime pay above and beyond regular rate of pay (this may vary state to state), payroll limitations, and any salaries of Executives, Officers, Owners, and Partners who elect to be excluded from coverage.
· Why is workers’ compensation an “auditable” policy?
In short, these policies are auditable (meaning they are subject to confirmation of things like annual employee payroll) because changes happen within businesses throughout the year that can impact the cost of the insurance. A workers’ compensation premium audit will be performed after each policy period at an insurer’s discretion to verify payroll, class codes, and perhaps other factors (such as subcontractor exposure) depending upon the class and the laws of each state. A variety of methods can be used (phone calls, mailings, or in-person visits to your operation), though the goal is always the same – to find out whether the payroll and class codes used to determine your premium accurately reflect the payroll and scope of work performed during the policy period. For certain classes, audits also ensure that subcontractors had their own coverage in place. If not, you may be charged for their exposure on your policy as well.
· What is an Experience Modification (“MOD”)? How is a MOD determined?
An Experience Mod (sometimes called a “MOD” or “X-MOD”) is an adjustment or modification to the pricing of your coverage that is specific to a particular business, and is based upon your previous claim experience as compared to other businesses of the same size and scope of operations. This factor helps determine your rate and your policy premium. Generally, a business must be in operation a minimum of three years and have generated sufficient premium in a single year for a MOD to be assigned. Since MODs are unique to each business, the organization that calculates the number (either NCCI or the state’s Workers’ Compensation Bureau) will associate the factor with the' + " Employer’s individual Federal Employer Identification Number (FEIN). The MOD is determined by comparing your loss (claims) data to that of other employers with the same classification codes and is expressed as either a credit or debit on your policy. In general, a MOD that is less than 1 is better than average (and earns a credit); while a MOD that greater than 1 is worse than average (and earns a debit).
· If my spouse and I are sole owners of our business and we do not have any employees, do we need workers’ compensation coverage?
While the rules vary from state to state, coverage for sole owners is generally optional. However, you need to have workers’ compensation insurance for any employee you may hire – even when you have just one and/or that person is hired on a temporary basis.
Property & Liability (BOP) FAQs
· What type of coverage is provided under a Business Owner's Policy (BOP)?
A Business Owner’s Policy (BOP) provides both general liability and property coverage for your business. It protects against the loss of personal property, property damage to buildings, and liabilities faced in the course of business activities. Additional coverage is included in our basic BOP that provides additional security, including protection against loss of business income. Depending on your type of business, you may find that we suggest other possible coverage add-ons, along with explanations about what they provide, so that you can make an informed decision.
· What’s the difference between a Business Owner’s Policy (BOP) and Package Policy?
Both policies can provide similar coverages, but for businesses of different sizes. The BOP policy was designed for a simple purchasing process for small to mid-size businesses. It provides basic general liability and property coverage can be customized with other coverages to meet the needs of specific businesses. A package policy, on the other hand, is designed for larger or more complex businesses and requires that most coverages be individually selected based on the needs of the business.
· Why should I insure my building and business personal property to their replacement value?
The most you can be paid for covered loss under the policy is the value for which you insure your property. If you insure your property for less than the replacement value, you may not recover your full damages in the event of a loss.
Furthermore, your Business Owner's policy requires that you insure your Business Personal Property (BPP) and Building (if covered by this policy) for at least 80% of the cost that would be incurred to replace the property.
This requirement applies to any loss, full or partial. If your building is not insured to 80% of the full replacement value at the time of loss, your loss payment will be reduced to the greater of the actual cash value of the damaged property or a pro-rated portion based on how far below the 80% requirement you insured the building.
To avoid problems like this, it is best to insure your building and business personal property for 100% of the replacement value.
If you require building coverage, we provide you with an estimate of the full replacement cost value of the building during the quoting process. This is only an estimate, and the data may not be complete or sufficiently capture the unique nature of your property. Please call us at 973-331-0018 if you have any questions regarding the value of your property.
· What if the building I own or occupy becomes vacant or partially vacant?
A vacant building presents different insurance risks than an occupied building. Your Business Owner’s policy contains a provision which may limit the loss payment if your building becomes vacant.
If you are a tenant rather than an owner of the building in the building in which your business operates, it will be considered vacant if it does not contain enough business personal property to conduct customary operations. If you are the owner of a building, at least 31% of the building must be rented and used by a lessee or sublessee to conduct their customary operations or used by you to conduct your customary operations, otherwise it will be considered vacant.
If the building where loss or damage occurs has been vacant for more than 60 consecutive days before loss or damage occurs, the following causes of loss may be excluded: vandalism, sprinkler leakage, building glass breakage, water damage, theft, or attempted theft. In addition, all other causes of loss may have their payments reduced by 15%.
Please call us to discuss your coverage options if you feel your building may be considered vacant.
· How is my Business Owner’s Policy (BOP) premium determined?
Our actuaries have determined our rates based on the type of business being insured, and the coverage being provided, as well as other factors which affect the risk. Examples of such additional factors for property coverage include whether the business property has a fire or burglar alarm system; the type of construction of the building insured; and the distance between the building insured and the nearest fire hydrant or fire station. Consideration of factors like these gets us to our final rates. We then apply the rates to limits being purchased to arrive at your property premium. A similar process is done to determine the rates for liability, which are applied to the square feet your business occupies, payroll, or gross sales depending on the class of business you operate to arrive at your liability premium. These property and liability premiums are then combined to determine the BOP premium quote.
· What additional coverages are included in my Business Owner’s Policy (BOP)?
The following are examples of the additional coverages that are frequently included at no further cost:
If I have a loss and my business has to shut down for a period of time, how does my Business Owner’s Policy (BOP) help?
In addition to basic property coverage for your building and business personal property, your policy protects you against a loss of "Business Income" for a predetermined number of days and / or maximum dollar value.
· What is my TIV?
The term TIV refers to Total Insured Value and represents the combined value of your Building and Business Personal Property.
Does a Business Owner’s Policy (BOP) include Auto coverage? Workers’ Compensation coverage?
No. Your Business Owner’s Policy can address your typical General Liability and Property insurance needs while offering a large number of extra coverages. However, you must obtain your Auto(outside of hired and non - owned automobile coverages) and Workers’ Compensation insurance separately.
How can I best see all of the coverages and limits included in my policy?
Your policy lists all your coverages and limits and premiums. The first few pages of the policy are called "declaration pages" and provide summary terms of your coverages and limits, and should serve as a useful overview of your coverage.
If I purchase a Business Owner’s Policy (BOP), do I also need a General Liability policy?
Typically, the answer is no. A BOP provides liability coverage, and for most businesses, an additional General Liability policy would be unnecessary.
Can I manage my own certificates of insurance?
Yes, basic certificates of insurance can be obtained online. Click Get Certificate in the header navigation, follow the instructions and complete the required fields on the form.
How can I make policy changes?
We’re happy to assist you with changes. Simply call 1-973-331-0018
What if I do not need coverage for Business Personal Property (BPP)?
You may still need other coverages, so we recommend that you call us 1-973-331-0019 to discuss your situation with one of our experienced, licensed insurance consultants.
How do I cancel my policy?
We can assist you with canceling your policy. Simply call 1-973-331-0018 and speak with one of our insurance experts. Policies cannot be cancelled by leaving a voice mail or sending an email.
Will my policy automatically renew?
If your policy is eligible for renewal, you will receive a billing notice approximately 30-60 days in advance of the new policy’s effective date. You must make the required down payment in advance of the renewal policy’s effective date. Your renewal policy billing statement will provide details.
How do I file a claim?
Filing a claim is easy. Visit our (Claim Page) to get the process started.
· Do you offer temporary coverage?
Coverage is only offered in one-year policies.
General Liability FAQs
How much does general liability insurance cost?
Our policies start under $30 a month, but the actual amount you will pay depends on your industry, size, number of employees, location, and other factors.
Is my business eligible for general liability insurance?
Click “Start Quote” on our homepage to get started. Answer just a handful of questions and we’ll let you know if we offer general liability insurance for businesses like yours.
How do I get a certificate of liability insurance?
Certificates of insurance can be obtained online. Simply click Get Certificate under Policyholders, provide the required information, and follow the instructions.
Is general liability insurance required by law?
Unlike workers’ compensation insurance, general liability insurance is not legally required. However, general liability insurance typically is required by contract by people with whom you do business, including vendors, owners of buildings in which you operate, etc.
How much general liability insurance do I need?
Insurance requirements vary based on the type of business, size, number of employees, etc. In many cases, if someone you are doing business with is requiring you to obtain general liability insurance, they will have minimum per-occurrence and aggregate limit requirements. Talk with one of our licensed advisors at 1-973-331-0018 if you would like help choosing the right limit for your business.
What is the difference between general liability and professional liability (E&O)?
General liability insurance offers protection if someone outside of your business sues you for physical injury, property damage, or an advertising injury (libel/slander). Professional liability (E&O) insurance, also called errors and omissions insurance, covers you if you are sued by a client who claims you made an error, omission, or other professional mistake that resulted in a financial loss. While general liability insurance is relevant to almost all businesses, not all need a professional liability policy. We have licensed advisors ready to assist if you need help in this area. Just call 1-973-331-0118
How can I make policy changes?
We’re glad to assist you with changes. Please call 1-973-331-0018.
· How do I cancel my policy?
We can assist you with canceling your policy. Simply call 1-973-331-0018 and speak with one of our insurance experts. Policies cannot be canceled by leaving a voice mail or sending an email.
Will my policy automatically renew?
If your policy is eligible for renewal, you will receive a billing notice approximately 30-60 days in advance of the new policy's effective date. You must make the required down payment in advance of the renewal policy's effective date. Your renewal policy billing statement will provide details.
How do I file a claim?
Filing a claim is easy. Visit our (Claim Page) to get the process started.
Do you offer temporary coverage?
Coverage is only offered in one-year policies.
Professional Liability (E&O) FAQs
Commercial Auto FAQs
SFIBCO.com helps small business owners choose the right workers’ compensation insurance to fulfill state and business requirements without extra costs and hassles. As your business grows, your coverage can too, with our other insurance products designed to protect small businesses like yours. If you need assistance of any kind, our experts are just a phone call away 973-331-0018. Plus, our small business insurance customers have access to low down payments–all available
Get a quote entirely online or speak with one of our insurance experts right away for help getting a quote, buying a policy, or answering any questions you may have.
It’s simple: having workman’s compensation coverage is the law in most states. If you don’t have it, you face state fines and penalties—even if you never file a claim. You could also get stuck with unexpected costs you have to pay out of your own pocket.
Workers’ comp insurance gives your employees and their families peace of mind knowing they won’t have to pay for medical treatment or other injury-related expenses.
Workers’ compensation insurance—commonly called “workers’ comp” or “workman’s comp”—is an often-mandatory type of insurance that protects both your employees and your company if an employee experiences an injury or disease while at work, including strains, trip and falls, or accidental death.
The average cost of workers’ compensation insurance per $100 in wages ranges from $.75 in Texas to $2.74 in Alaska. Workman’s comp insurance premiums are calculated based on the gross annual payroll you pay to employees. The more payroll expenses you have, the higher your workers’ comp insurance premiums. Workers’ comp insurance premiums are also influenced by: claims history, the requirements of your employees’ roles, the type of business you’re in, and state laws.
Most states require businesses to provide workers’ comp insurance for independent contractors and subcontractors who don’t have their own coverage. Avoid covering contractors by collecting their certificate of insurance before doing business with them. If they don’t have workers’ comp insurance, you’ll be charged for their coverage at a similar rate of their total pay based on the type of work they do.
Understand Who Needs to be Covered
Many states require coverage for employees, but not for business owners or officers.
Review Your Coverage Annually
Periodically ensure your coverage is up-to-date with your business. For example, if you have expanded to a new state, prices and policy requirements may be different there.
Manage Your Risks
Create a safe working environment and also facilitate safety and employee training. Your claims history can affect pricing, so a safe business means paying less money over time.
Add a Small Deductible
You will be billed for the deductible amount for each claim and non-payment will cancel the policy. Only available in some states.
Protect Yourself from the Unique Risks Experts Face
When you make a living off your expertise, you need comprehensive, cost-effective insurance to protect you financially from damages or legal costs that may arise. Professional liability (E&O) insurance, also known as errors and omissions or professional indemnity insurance, provides the coverage you need.
Getting Coverage is Simple with Secure.Insure.com
· As a professional, it’s your responsibility to adhere to certain standards and best practices for your industry. If a client feels that you made a mistake or oversight with your services, they could claim that you didn’t meet those standards and sue your company for economic damages. Errors and omissions insurance protects you in the event that a client accuses your business of making a mistake (an error) or failing to do something (an omission) – even if that claim proves to be unfounded.
Professional liability (E&O) insurance from Stefanelli Insurance Brokerage helps protect your business if you made a mistake (error) or failed to perform a service (omission). Professional indemnity insurance, another name for professional liability insurance, also covers the related defense costs, even from groundless claims. Claims can include the following scenarios:
Unfulfilled Promises, this is when you make a promise that doesn’t come to fruition for a customer, such as when you say your app will back up their data and it fails to do so.
Negligence is the failure to use proper care in performing a task. An example would be that you are careless in handling a client’s data and it is stolen.
Errors, in this instance, you’re being held responsible for a mistake made by you or your employee that caused your client a financial loss.
In each instance, professional liability (E&O) insurance covers the costs for legal defense and damages. Plus, Stefanelli Financial LLC provides an attorney to represent you by the insurance carrier which will also cover client damages – including punitive damages, if permitted by law in your state. Punitive damages can be quite high, as they are assessed by courts on top of other damages. This is an effort to punish those allegedly at fault even further. If your state allows these damages to be covered by an insurance policy, Stefanelli Financial LLC covers up to the policy limit.
If you want to ensure that your small business has financial protection from unforeseen claims, general liability insurance is a smart investment. While it’s not always required by law, it may be required by certain contracts or lease arrangements. With a general liability policy from Stefanelli Insurance Brokerage, it’s easy to get protection from the costs of:
When customer property is damaged by an employee, your coverage may pay for a replacement. For example: Your contractor accidentally sets fire to a building they are working in, and repair costs will exceed $150,000. Now, you may be liable to pay for the damages and construction costs. With small business general liability insurance from Stefanelli Insurance Brokerage, you would likely have help covering the costs of those damages.
If someone other than an employee is injured on your property, this coverage can take care of medical expenses plus legal expenses and damages.
If products developed or sold by your business harm people or property, this coverage can pay legal expenses associated with product liability lawsuits and medical expenses if an injury occurs.
This coverage can pay for lawsuit expenses from personal and advertising injury. Advertising injury can include disparaging another business in your advertisements, stealing an advertising idea, and more.
At SFIBCO.com, we understand small business owners and the challenges you face every day. We also know that no two businesses are completely alike, so we don’t try to put you in a one-size-fits-all insurance policy.
When you get a quote for small business insurance from SFIBCO.com, we look at a number of factors to determine the best level of coverage for you, including your industry, business size, and more. Our goal is to give you only the coverage you need now—and we can grow that coverage as your business grows.
You could still benefit from general liability insurance as a freelancer, contractor, or home business owner because you face many of the same risks as brick-and-mortar businesses. General liability insurance can be important to your small business because:
Freelancers, contractors, and home business owners can be sued for damaging client property or causing injury. A general liability policy covers related costs.
State and federal law requires general liability insurance for independent contractors in certain industries such as construction
Some companies require that contractors and freelancers have insurance because it protects the company from financial loss due to their actions
What Does General Liability Insurance Cost for Small Businesses?
It's affordable coverage that protects your small business from financial harm and can help you sleep better at night.
This type of coverage, also called a business owner’s policy (BOP), is a simplified approach to commercial insurance for small businesses. By combining general liability insurance and commercial property insurance, along with other coverages, you could benefit in several ways:
Your Coverage is Broader
General Liability Insurance Typically Covers:
· Property Damage. When customer property is damaged by an employee, your coverage may help pay for repairs or replacement.
· Bodily Injury. If someone other than an employee is injured on your property, this coverage can help with medical expenses plus legal expenses and damages.
· Product Liability. If products developed or sold by your business harm people or property, this coverage could help pay legal expenses associated with product liability lawsuits and medical expenses if an injury occurs.
· Libel, Slander, and Copyright. This coverage helps protect you against some lawsuit expenses from personal and advertising injury. Advertising injury can include disparaging another business in your advertisements, stealing an advertising idea, and more.
Property Insurance Typically Covers:
· You’re Building or Leased Space. This coverage provides protection for the building you own or even a building where you are required to provide insurance coverage as part of the lease.
· The Contents of Your Building. Property insurance can cover inventory, equipment, or tools and other people’s property in your building that has been damaged by an employee, yourself, theft, natural disaster, or weather.
· Income from Your Business. In the event of a disruption or property damage, you may be covered for the expenses needed to resume business, including covering net income, payroll costs, and even temporary business relocation.
Yes. Your property and liability policy can be customized by adding an endorsement. An endorsement can either enhance or modify the coverage, depending on your requirements. Don’t know what you need? Our licensed experts are available to help you figure out which of these endorsements is right for you:
Depending on the industry you’re in, there are specific needs that arise as part of conducting business. For example, a restaurant industry endorsement might cover food spoilage. A retail store endorsement might cover expenses from having to withdraw merchandise. A hotel or motel endorsement might increase coverage for outdoor fences and signs.
Some businesses have inherent risks beyond what’s usually covered in a property and liability insurance policy. There are dozens of risk-specific endorsements that can add an extra layer of protection when needed, like cyber coverage, garage keepers0’ legal liability, miscellaneous professional liability (E&O), and more.
Increased Coverage Limits
If you want even greater security and protection, standard coverage limits can often be increased.
While property and liability coverage are not required by law, some client contracts or property leases might require you to have a general liability or property liability policy. In addition to the standard financial protections, a property and liability policy from Stefanelli Insurance Brokerage0 can help cover needs specific to your business.
Be Confident in Your Coverage
For example: Say you own a painting or construction business. On a regular job, one of your employees accidentally leaves the water running in a customer’s home, and it causes significant damage. Not only are you responsible for paying for the repairs, you also run the risk of being sued by the customer and having to pay legal fees. Expenses like these could come up at any time without warning, so without proper coverage, the business you’ve worked so hard to maintain could take a big hit financially.
Our policies start as low about $500 and based on the factors below is how your premiums are calculating.
Calculating Your Premium
All of these factors are considered when calculating your premium:
· Business activities
· Number of employees
· Annual revenue
· Condition and size of the building your business is located in
· Number of years in business
· Claims history
How can I Reduce Costs?
Property and liability insurance are very affordable. Even so, there are steps you can take to lower your insurance costs, including:
By working with SFIBCO.COM we will shop around and eliminate fees and other charges. Plus, our experts can help review your policies annually to ensure you have the right amount and type of coverage.
Save on Billing Fees
Pay your annual premium in full, or sign up for automatic payments at the beginning of the policy.
Actively Manage Risks
Prevent slips and falls (the most common general liability claim) by instructing your employees to maintain a clean environment. You can also manage risks by ensuring your employees are up to date on any necessary training—like how to properly operate machinery, for example.
Protect Your Property
If you want even greater security and protection, standard coverage limits often can be increased.
Get a Quote Today
Find out how affordable property and liability insurance can be.
Protect Your Commercial Vehicles
Being aware of what type of insurance a business needs is important, and deciding whether your business even requires a commercial auto policy can be challenging. We can help you assess your needs and evaluate your options.
Vehicles used in conducting business, as opposed to those strictly for personal use, are typically insured under a commercial auto insurance policy, which protects the assets of a company from claims. A commercial auto insurance policy has different coverages that are designed to address particular business needs.
Both commercial vehicle insurance policies and personal auto policies provide coverage for liability, collision, comprehensive, medical payments (or personal injury protection), and uninsured motorist exposures (sometimes underinsured motorist, too). However, a commercial auto insurance policy may be very different from your personal auto policy due to separate eligibility criteria, definitions, coverages, exclusions, and limits.
Bodily Injury Liability Coverage
This coverage provides payment in cases of bodily injury or death resulting from an accident for which you are at fault. This may also include legal defense expenses depending on the type of policy purchased.
Property Damage Liability Coverage
If your vehicle accidentally causes damage to another person’s vehicle, this coverage can protect you. That can include legal defense expenses depending on the type of policy purchased.
Combined Single Limit (CSL)
Liability policies provide different maximum dollar amounts that the insurer will pay for different components of a claim. A combined single limit policy states that the insurer will pay up to a certain dollar amount for the entire claim. It doesn’t matter whether all components of the claim are related to one person’s injuries, or whether there are multiple injured parties represented by the claim. The combined single limit is capped at the stated dollar amount either way for that claim.
Medical Payments, No-Fault or Personal Injury Coverage
This coverage provides payment for any medical expenses that may arise due to an employee or a passenger travelling in your vehicle, regardless of who is at fault in an accident.
Uninsured Motorist Coverage
This coverage provides payment for any medical expenses, or in some cases property damage, that may have been caused by a hit-and-run driver or an uninsured driver. Underinsured motorist coverage (when the at-fault driver has insurance but not sufficient insurance to cover the damage caused) may also be included depending on the type of policy.
Comprehensive Physical Damage Coverage
Damage resulting from theft, vandalism, flood, fire, and other specified hazards is addressed by this coverage.
This coverage provides payment for damage resulting from being hit by or hitting another object.
Customers have questions, you have answers. Display the most frequently asked questions, so everybody benefits.
An umbrella policy helps cover costs associated with:
· Bodily injury and related medical expenses
· Product liability
· Customer property damage
· Libel, slander, and copyright infringement
· Defending against a lawsuit
In New York Umbrella is known as Commercial Excess.
When you have a claim that exceeds the limits of your current policy, umbrella insurance provides extra coverage to protect your business and assets from financial risk. At SFIBCO.com, umbrella insurance is available with existing liability policies.
Keep in mind that umbrella insurance can only be applied to a claim if two things happen:
1. You already have the appropriate underlying policy.
For example, if you have general liability with an umbrella policy but you don't have commercial auto insurance, then your umbrella policy only covers those items covered by general liability.
2. The limits of that policy have been reached.
Help Your Business with an Umbrella Policy
For example, let’s say Company X is being sued because a customer was severely injured after falling down the stairs when a railing collapsed. She wants Company X to pay her medical bills, loss of wages, and other damages—a total cost of about $2 million. The legal battle drags on, and Company X’s general liability policy maxes out at $1 million. Without their umbrella insurance policy, Company X would be responsible for the extra $1 million out of pocket if a $2 million verdict is reached. With an umbrella insurance policy, they’re covered for an additional $1 million.
While not generally required, an umbrella policy gives you even more peace of mind. Just as an umbrella protects you from the rain, a small business umbrella insurance policy protects you from expensive claims that fall outside the coverage limits of your other small business insurance policies. Plus, adding umbrella insurance may cost less than increasing the limits of your general liability or commercial auto insurance..
When you need assistance of any kind, our licensed experts are just a phone call, email, or chat away. Plus, our small business insurance customers have access to low down payments, all available through SFIBCO.com. We also offer you and your employees hands-on insurance management and top-of-the-line customer service.
Ready to add umbrella coverage to your existing Stefanelli Financial liability policy?
On Average may start at about $200 per Year and please read on..
Our small business customers have access to low down payments through our online system. Submitting claims can also be done entirely online—no more waiting days or weeks for a claim to go through.
Add Extra Insurance Coverage
Umbrella small business insurance policies are an affordable way to add extra coverage. Policies are issued in $1 million increments, and the premiums depend on a number of factors, including:
Stefanelli Insurance Brokerage has helped apartment building owners find the right coverage and protection for their buildings. We can evaluate your needs and find a customized package for your income property. With many top-rated companies, we can find a competitive program for any type of building.
Apartment building owner’s insurance is designed to protect the building owners and managers from claims or losses from the ownership of building units. Additional types of apartment building owner’s insurance may also include student housing, senior housing and apartment furnished or under renovation.
At Stefanelli Insurance Brokerage, we understand protecting your residential housing unit is different from other kinds of properties. We can customize an insurance product that will make sure your apartment building can be protected. Our packages can include:
Stefanelli Insurance Brokerage, understands the risks and decisions that follow finding insurance for your Condo Association. We can explain your options for your condo association or homeowner’sassociation insurance packages.
We have available the best insurance carriers for your condo association insurance in New Jersey, New York and Florida to give you the best value for you policy. Our professional agents will explain the many options and features for your condo association insurance policy.
Policies have different options so contact one of our staff at Stefanelli Insurance Brokerage, 973-331-0018 for any questions you may have about your condo association insurance policy. We have multiple options for your condo association insurance
Commercial Property insurance covers the building that your business owns or rents. A commercial property insurance policy would also cover equipment, computers, tools and furniture. Let the agents at Stefanelli Insurance Brokerage, 973-331-0018 evaluate your commercial property insurance needs to find the best suite for your liabilities and risks.
We can also tailor a broad protection policy to fit your commercial property needs. Our goal is to design a package to fit your specific risks and get your business up and running if disaster strikes. We can then provide you with a customized plan that takes into consideration your needs, past loss history, prevention efforts and precautions you have taken for safety control.
Commercial Property insurance is one of the most important types of insurance to protect your business.
Whatever your company does, it's likely we can help meet your insurance needs. Some of the many industries we serve include
Our goal is to Insuring You A Bright Future by protecting you and your family from those unexpected events by finding the right coverage at an affordable rate. If you need Auto, Home, Umbrella or any other personal insurance coverage, we can tailor a package to fit your individual personal insurance needs.
Our number one priority is to protect your family from any unforeseen event that may be a burden to your family in the future. Our Personal lines staff is here to answer any questions you may have and research the best policy for your needs.
All of the Insurance companies we represent provide a wide range of auto Insurance products at a fair price. Your price gets even better if you qualify for any of our available discounts. When applying for auto Insurance you’re usually asked whether you want collision and/or comprehensive coverage, how high you want your deductible to be, what liability limits you want, and whether you want any types of optional coverage. We can help you understand what these terms mean and how much coverage is right for you.
LET US HELP YOU
Liability coverage pays for injuries you cause to other people and damage you cause to other people's property when you are at fault in an automobile accident.
Medical Payments coverage pays medical expenses (up to a specified dollar limit) for you and passengers of your car who are injured in an automobile accident, no matter who is at fault. If you and your passengers have health Insurance, you may not need this coverage.
Some states require Personal Injury Protection, which is also known as No-Fault coverage. This coverage pays for things like medical and rehabilitative expenses, replacement services, and funeral expenses. It also pays for loss of income if you are injured in an auto accident and are unable to work.
This coverage pays if you are injured by a person who is completely uninsured or doesn't have enough liability Insurance to cover your injuries. It also covers you if you are in an accident with a hit-and-run driver.
Customers have questions, you have answers. Display the most frequently asked questions, so everybody benefits.
Optional or special coverage includes extras such as towing, rental reimbursement, and roadside assistance. None of these coverages are required.
Choosing the appropriate level of auto Insurance coverage depends on a number of factors, including assets you must protect (liability coverage), value of your vehicle (collision and comprehensive), the amount of money you can afford to pay out-of-pocket (deductibles), and your tolerance for risk.
We can offer a wide variety of coverages and options for your boat, jet ski or personal watercraft. Some boats or smaller watercraft may even be covered under your current homeowners’ policy. The size, type and value of your boat, personal watercraft or jet ski will be part of the determining factors in evaluating your Stefanelli Insurance Brokerage insurance coverage needs.
Let one of our experienced agents give you the coverage you need and recommendations to best fit your situation. The following list some of the many coverages that we can offer:
Consult with one of our professional agents to make sure you have the right coverage at a competitive price. We can evaluate your boat or jet ski insurance needs to find special coverages you may need or any discounts you may qualify for. Some additional discounts and coverages may include:
Even though Condo owners pay a mortgage and make their own repairs like any traditional homeowner would, they share some similar circumstances similar to those of renters. This is because their home is attached to other condo owner's homes and they share a building or complex. This creates some unique circumstances and risks. Stefanelli Insurance Brokerage Insurance can help build a Condo Owners policy that fits the needs of your condo.
Condo Association insurance can help but it often is meant for the building itself rather than what's inside. This is where a condo insurance policy is different from a homeowner’s policy because you usually will just need to cover the valuables inside your condo.
Let our agents explain how a condo insurance policy is tailored to your needs for coverage of valuables, appliances, property and the interior of the condo.
We have the experience and insurance companies to make sure you have all of what's important to keep you protected. We service all of NJ, NY and FL
Flood damage can be devastating for any family, and most flood losses are not covered by your standard home insurance policy. Also, don't rely on the federal government to assist you in the event of a massive flood situation.
Your standard New Jersey, New York and Florida flood insurance policy would apply to homes, condos, mobile homes, businesses and rentals that are in flood zone areas. Typically, your flood insurance policy is dependent on your flood zone risk.
We have multiple options for your flood insurance in New Jersey, New York and Florida:
Flood coverage Insurance
Building coverage is designed to protect the structure of your home or business and cover appliances and other property items that are considered part of your property including air conditioners, dishwashers and cabinets. You will also want to consider coverage for your personal property as well, such as furniture and clothing.
Policies have different options so contact one of our staff at 973-331-0018 for any questions you may have about your Florida flood insurance policy.
Your home is the usually the biggest purchase you will make and is your most valuable asset. If you have any damage, you need an insurance Broker agent that will find the best company to fit your needs and settle your claims quickly. At Stefanelli Insurance Brokerage, we will help you find the right fit for your needs with providing quality service and affordable pricing.
Homeowner policies will differ on where you live, the valuables in the home and which coverages you choose. A comprehensive plan will cover you financially if you have a loss due to fire, theft or other events, in addition to the event if someone is injured on your property.
At Stefanelli Insurance Brokerage we have the home insurance specialists that can tailor a specific package to your needs and risks. We have access to many top rated rated companies to find you the best fit at a fair price. We can quickly compare rates to ensure you don't have any gaps in coverage down the road.
There may also be other coverages that you many want to consider in addition to your basic home owners ’policy. These may include personal umbrella, automobile, flood, earthquake or jewelry insurance. Our agents at Stefanelli Insurance Brokerage can help you understand your other risks and help you evaluate whether you may need additional coverages in your home insurance plan.
Here are some additional lines of insurance that we service:
Stefanelli Insurance Brokerage can offer our customers precisely the coverage needed — no more, no less — at competitive and attractive rates. What's more, we have almost unlimited capacity backed with the security of some of the top-rated carriers in the industry.
There are certain types of landlord rental coverages that you may choose to add to your policy, including:
Stefanelli Insurance Brokerage, we can assist you in finding the right coverage for an affordable price for your mobile home or manufactured home insurance. Many times, a mobile home is a more affordable way to become a homeowner and you'll need similar coverage that a homeowner would need.
When purchasing a mobile home, you may not be aware that it requires different coverages than a normal homeowner’s policy. These manufactured homes have special requirements due to the transportability and construction. Our professionals at Stefanelli Insurance Brokerage, can find the right options to cover your mobile home assets and liabilities.
We pride ourselves in customer service with the lowest possible rate. Just contact us today at Stefanelli Insurance Brokerage 973-331-0018
We are a New Jersey based insurance Broker that specializes in motorcycle coverage. We will shop the best motorcycle insurance companies in NJ NY and FL to find you the best coverage at an affordable price. You can either fill out our online quote form or contact us at 973-331-0018 for a free, no-obligation quote.
Insurance companies will take into consideration many different factors when insuring your motorcycle. One company is not always the best fit for everyone, that is why we compare companies for you. These factors include:
Most companies offer coverages similar to auto insurance policy. This would include your bodily injury and property damage liability. You may also consider additional Florida motorcycle insurance including medical payments, comprehensive and collision coverage. Uninsured motorist covers you in the event you are injured by someone who does not carry insurance or may not have enough insurance to cover your injuries.
You may also qualify for discounts that could possibly lower your premiums. These may include:
So, let us take a look at your current policy and evaluate your personal, financial and lifestyle changes for your motorcycle insurance. We can service your motorcycle insurance needs.
Umbrella insurance is there to protect you if you are liable for something big. Similar to an umbrella, it is there to fill in coverage caps that you may have from your other insurance policies.
For example, if you're in a big car accident and need to cover replacement and medical costs, umbrella insurance can help in these extra costs. Instead of just having your normal auto insurance coverage, Florida umbrella insurance gives you the additional coverage you may need.
Umbrella Insurance can assist in the claim and payment processes by covering costs when all other insurance is exhausted. This makes the handling of claims and payments made a much easier process. Stefanelli Insurance Brokerage 973-331-0018 can help find the right umbrella policy to fit your needs..
You may be speculative why it's necessary to hold a renter’s insurance. Rental properties, particularly apartments are thought-about risky once it involves potential claims. You share a building with plenty of individuals where fires, theft, and water harm are sometimes frequent. There are many potential risks and your property is in danger. The items you own are valuable and you should shield them from a loss. Besides, renter’s insurance in most cases is extremely cheap.
What will renter’s insurance shield against?
Stefanelli Insurance Brokerage 973-331-0018 we know the primary concerns with renting a home or apartment, and renter's insurance protects you from a range of threats and dangers that would occur with a rented unit. Upon purchase renter's insurance, you're covering yourself against several things like fireplace, lightening, riots, aircraft, vehicles, smoke, windstorms, vandalism, theft, falling objects, water harm, electrical harm and a number of other problems.
Selecting the right amount of renter’s insurance
Stefanelli Insurance Brokerage 973-331-0018 we can facilitate that your valuables are insured. Once you decide the amount of coverage you need, we can tailor a package to fit your renter’s insurance needs.
As with many kinds of insurance, your premium can rely on your deductible and any extra coverage you decide to select. To recognize the worth of your things, keep receipts. You should additionally keep an inventory of all the things you own, and use caution to not underestimate their price. You should possibly consider photographing or videotaping every space and storing the images in a fireproof box. Today, many folks file things digitally or at a safety lock box at the bank.
To ensure that your valuables can be protected, buying renter's insurance offers you peace of mind and also the assurance that if something is lost, you may be ready to replace it. Contact us today Stefanelli Insurance Brokerage 973-331-0018 and learn additional information regarding Renter's Insurance and precisely what proportion you wish. As a Broker, we're partnered with several of the highest renter's insurance corporations within the business. This means we can compare rates and policies with many different carriers and find the policy and value that works best for you.
Errors & Omissions (E&O) insurance is a form of liability coverage that protects your business from claims of professional negligence. Considering the fact that these cases can be lengthy, the potential cost to the business can sometimes be catastrophic.
Even suits with no merit that are filed can damage your business if you're not protected. At Stefanelli Insurance Brokerage 973-331-0018, we don't leave you to fend for yourself. We'll help you evaluate your E & O protection on an ongoing basis to make sure you have the right policy at the right price for your particular business needs.
Some of the categories or professions that typically protect themselves from
E & O risks are:
Professional Liability Insurance or PLI is a form of liability insurance necessary to help protect businesses in the service or consultant industry. A claim of negligence can be very damaging to a growing business and if the claim results in monetary damages can be catastrophic.
At Stefanelli Insurance Brokerage 973-331-0018 we have the experience and expertise to evaluate the risks associated with your service or consultative related business or profession and provide appropriate coverage through one of our highly rated insurance companies.
Professional Liability can take on different forms or names. Some of the types of coverage included are:
Professional Liability Insurance covers potential losses that are not typically covered with a general liability policy. Some of the businesses / professionals we help are:
Give us a call today and let one of our experience agents evaluate the Liability risks unique to your business or profession at 973-331-0018
We service liability insurance in NJ NY FL.
What does your pet insurance cover?
With illness coverage, you can get reimbursed for the costs of major and minor illnesses, such as cancer, arthritis, hypothyroidism, ear infections, digestive problems, and urinary tract infections (UTIs). It can cover expenses for everything from diagnosing the health condition to the treatments your pet needs to get better..
Like human health insurance, pet insurance companies help alleviate some of the costs of keeping your pet healthy. You can choose from different levels of coverage, with each plan costing a monthly or annual premium based on how much coverage you choose.
5 pet insurance benefits
Like any type of insurance policy there are pros and cons associated with pet insurance. Here are a few advantages of pet insurance.
1. You can go to your preferred veterinarian
Unlike your own health insurance that requires you to visit an in-network physician, pet insurance doesn't enforce the same restrictions. You can visit any licensed vet or specialist and your pet can be seen at any vet clinic or hospital for care.
2. You’ll get financial relief
Depending on the insurance coverage you choose, pet insurance can help alleviate the financial burden of unforeseen veterinary costs. Some pet insurance options cover 70% to 90% of your claim, and a few insurers even cover 100% of costs (although this is rarer to find).
3. More employers are offering pet insurance
The American Pet Products Association’s latest survey found that millennials are currently the largest generation of pet owners. With this in mind, it’s no surprise that some employers are adding pet insurance plans to their list of employee benefits.
4. You can customize coverage
Pet insurance offers the flexibility of creating a coverage plan to meet your pet’s specific needs. You can often combine different tiers of pet insurance plans (for example, accident and illness). Insurers also provide you the option of choosing your deductible amounts based on your budget.
5. You’ll gain confidence knowing you have protection
Seeing your pet injured or in pain is already difficult to get through. Facing a sudden $2,000 procedure that you can’t afford can put you in an even more heartbreaking situation. No one wants to have to make the painful choice between paying the mortgage or losing a cherished companion.
Pet insurance can provide financial support for pet parents so they don’t have to put a price limit on their pet’s life
Insurances we can help you with listed below:
Builder's risk insurance
Business interruption insurance
Business overhead expense disability insurance
Critical illness insurance
Directors and officers liability insurance
Dual trigger insurance
Errors & Omission Insurance - Title Agency- Law Firms
Finite risk insurance
German Statutory Accident Insurance
Guaranteed asset protection insurance
Income protection insurance
Inland marine insurance
Interest rate insurance
Key person insurance
Kidnap and ransom insurance
Legal expenses insurance
Owner-controlled insurance program
Payment protection insurance
Pension insurance contract
Pension term assurance
Political risk insurance
Prize indemnity insurance
Professional liability insurance
Reinsurance to close
Rent guarantee insurance
Retrospectively rated insurance
State disability benefits
Terminal illness insurance
Total permanent disability insurance
Trade credit insurance
War risk insurance
Worker's compensation (Germany)
Workers' accident compensation insurance (Japan)
Workers' compensation employer defense
Welcome to our employment section.
Here you can view our current job openings and apply for positions
via fax 973-331-0019
Job Listings Current
Job Locations in US NJ – NY – FL
Number of Openings 9 (Three in each state)
Welcome to our employment section.
Here you can view our current job openings and apply for positions
via fax 973-331-0019
Job Listings Current
Job Locations in US NJ – NY – FL
Number of Openings 9 (Three in each state)
Job Post Information External Company URL http://www.StefanelliFinancial.com
Location Stefanelli Insurance Brokerage
Postal Code 07045
Type Regular Full – Time or Part – Time
Company Stefanelli Financial LLC
Stefanelli Insurance Brokerage, has been experiencing substantial growth since its start just a few short years ago...and is anticipating even more growth to come! We are both person to person and internet-driven company that offers personal and business insurance, such as workers' comp, liability, commercial auto and umbrella policies. We are looking for enthusiastic sales professionals to join and grow with our team!
The Insurance Sales Representative will be responsible for, but not limited to:
We are looking for candidates with the following qualifications:
Some highlights of our benefits are:
Fill out the form with any questions you have about finding the coverage that's right for you!
Montville, New Jersey, United States
973-331-0018 Fax: 973-331-0019 800-928-1430 quote@StefanelliFinancial.com
Monday - Friday: 9am - 6pm
Saturday: 10am - 2pm