Commercial Auto Insurance
Protect your commercial auto with our comprehensive Auto Insurance. Drive with peace of mind knowing you're covered.
Business Insurance in NJ | General Liability, Workers' Comp, Auto, Cyber Insurance,Flood etc.
We help small business owners across New Jersey protect their companies with the right insurance. Whether you are a contractor, retailer, consultant, or tradesperson, we will help you find coverage that fits- from general liability and workers comp to commercial auto and business owners's policies (BOP), we will help you find the right protection so you can focus on running your business.
Small Business Insurance in New Jersey | Soar Insurance Brokers
At Soar Insurance brokers, we help small businesses owners across NJ find coverage that protects their hard work, without overpaying or getting lost in the details. Whether you are a contractor, retailer, consultant,or service-based business, we will help you find the right insurance fast. As an independent broker. we work with multiple carriers to give you real options- not one-size-fits-all policies. You will get honest guidance, quick quotes, and coverage that fits your business and your budget. Coverage options include:
-General Liability Insurance
-Workers Comp
-Business Owners Policy (BOP)
-Commercial Auto
-Tools and Equipment Coverage
-Professional Liability (E&O)
-Cyber Insurance
-Commercial or Residential Flood
-Jewelry Insurance
- Life Insurance etc.
Need help deciding what coverage you need? We'll walk you through it, step by step - no pressure.
Our Services
At Soarinsurancebrokers, we offer a range of services in the Insurance Brokers industry, tailored to meet your unique needs.
Business Insurance
We offer a wide range of coverage options, including general liability, commercial property, business owners policies (BOP), workers' compensation, professional liability (E&O), and commercial auto insurance. Our remote model allows us to provide flexible, efficient service no matter where your business operates.
Life Insurance
Ensure your loved ones' future with our Life Insurance. We offer plans that suit your needs and budget.
Understanding Workers’ Comp for Single-Employee Companies
What Is Workers’ Compensation Insurance?
Workers’ compensation (or “workers’ comp”) is insurance that covers medical bills, lost wages, and rehabilitation if an employee gets injured or becomes ill due to their job. It also helps protect you—the business owner—from lawsuits related to workplace injuries.
Do I Need It If I Only Have One Employee?
Yes. In New Jersey, if you have just one employee—full-time, part-time, or seasonal—you’re legally required to carry workers’ comp insurance. Even if that person is a family member, you still need coverage.
What If I Don’t Have Any Employees Yet?
If you’re a business owner with no employees, you’re typically not required to carry workers’ comp—but that doesn’t mean you won’t need a policy.
What Is a “Ghost” Workers’ Comp Policy?
A ghost policy is a special type of workers’ comp insurance for businesses with no employees and no payroll—typically sole proprietors or business owners who are excluded from coverage themselves.
Even though it doesn’t cover anyone, a ghost policy provides a certificate of insurance (COI), which many general contractors, landlords, or clients require before doing business with you.
Why get a ghost policy?
To meet contract requirements
To show proof of insurance
To stay prepared in case you add employees later
It’s a minimal-cost solution that satisfies compliance without full coverage.
What Happens If I Skip Coverage?
Operating without workers’ comp when it’s required can lead to:
Fines and penalties from the state
Stop-work orders
Lawsuits and personal liability if someone is injured
Criminal charges in severe cases
Why It’s a Smart Business Move
Even if you’re a one-person operation, having workers’ comp (or a ghost policy) offers peace of mind and shows that your business is professional and trustworthy.
Final Thoughts
If you’re unsure whether you need a full workers’ comp policy or just a ghost policy, Soar Insurance Brokers can help you figure it out. We’ll guide you to the right option—no pressure, no confusion.
Have questions or need a quote?
Contact us today and get insured with confidence.
💡 Did you know?
60% of small businesses that are uninsured go out of business within six months after a major loss.
General liability insurance often starts at less than $50/month — less than your daily coffee run.
A basic Business Owner’s Policy (BOP) bundles multiple types of coverage and is often cheaper than buying them separately.
🛡️ Types of Commercial Insurance You Might Need
Here are a few of the most common types of coverage:
General Liability Insurance
Covers bodily injury, property damage, and legal fees.
Commercial Property Insurance
Protects your buildings, inventory, and equipment.
Professional Liability Insurance (Errors & Omissions)
Essential for consultants, agencies, and service providers.
Workers’ Compensation
Required in most states if you have employees.
Cyber Liability Insurance
Protects against data breaches and digital threats.
Commercial Auto Insurance
Covers vehicles used for business operations.
🚧 Real-World Example
Imagine a client visits your office, slips on a wet floor, and breaks their wrist. Without liability insurance, you could be responsible for medical bills, legal costs, and potential damages — all out of pocket.
📈 Why Commercial Insurance Matters
It builds trust with clients and partners.
It’s often required for contracts, leases, or licenses.
It ensures business continuity during tough times.
✅ Final Thoughts
Commercial insurance isn’t just a legal checkbox — it’s a smart investment in your business’s future. Every business has different risks, so speak to a licensed insurance advisor to tailor a policy that fits your needs.
📌 Want to Learn More?
If you're unsure what type of insurance your business needs, talk to an expert or use an online commercial insurance calculator to get started. A little planning now can save you a lot of money (and headaches) later.
Reach Out to SoarInsuranceBrokers Today!
Have questions about our insurance services? Don't hesitate to contact us at SoarInsuranceBrokers. We're here to help you navigate your insurance needs.
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Our Mission
At Soar Insurance Brokers, we are committed to providing comprehensive and affordable insurance solutions. Our mission is to safeguard our clients' future through our range of services including Auto, Home, and Life Insurance. We strive to deliver exceptional customer service, ensuring peace of mind for our clients. Your protection, our priority.