Jeffrey Wade
EJA/Capacity Insurance Agency LLC is an independent insurance agency based in Bordentown, New Jersey. The company was established in 2010 from the partnership of EJA & Associates Inc. with the Capacity Group of Companies. EJA/Capacity offers a wide range of insurance services, including commercial, personal, and health insurance, as well as benefits packages for groups and individuals. The agency is headed by Eric J. Aloi, President and CEO, and serves clients throughout the tri-state area.
| Characteristics | Values |
|---|---|
| Name | EJA/Capacity Insurance Agency LLC |
| Address | 217 Rt 130 N, Bordentown, NJ 08505 |
| Phone Number | (609) 291-9950 |
| Specialties | Commercial Insurance (Property, General Liability, Automobile, Workers' Compensation, Inland Marine, Umbrella, Professional Liability, Bonds, Flood), Personal Insurance Coverages (Homeowners, Automobile, Umbrella, Condo, Renters, Boats, Motorcycles, Flood), Wedding Insurance, Benefits (Group and Individual Health Policies, Short and Long Term Disability, Long-term Care, Dental, Life, HR that Works) |
| Operating Hours | Mon–Thu: 8:30 am–4:30 pm, Fri: 8:30 am–4:00 pm, Sat–Sun: Closed |
| Year Established | 2010 |
| Parent Company | Partnership between EJA & Associates Inc. and the Capacity Group of Companies |
| Leadership | Eric J. Aloi, President and CEO |
| Philosophy | Offering professional service and a quality product at a competitive price |
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What You'll Learn
Commercial insurance- Property, General Liability, Automobile
Commercial insurance is an essential aspect of managing risks and protecting your business's financial stability. Here are the key components of commercial insurance:
Property Insurance:
Property insurance provides coverage for physical business properties in the event of unexpected incidents such as natural disasters, equipment breakdowns, storms, theft, and vandalism. It helps businesses mitigate losses and reduce costs associated with property damage.
General Liability Insurance:
General liability insurance, also known as business liability insurance, safeguards your business from financial loss due to third-party liability claims or lawsuits. It covers legal expenses, settlements, and judgments if your company is sued for negligence or wrongdoing. This type of insurance is designed to protect the business's financial stability and reputation and is crucial for business owners.
Automobile Insurance:
Commercial auto insurance provides coverage for vehicles owned by a business. It typically includes liability insurance, which protects the business financially if they are responsible for an accident that causes injuries or property damage to others. The amount of coverage, or the dollar amount available to cover damages, varies depending on individual circumstances and location. It's important to note that lenders may require comprehensive and collision coverage in addition to liability insurance for financed vehicles.
When considering commercial insurance, it's advisable to assess your specific business needs and consult with insurance professionals to ensure you have adequate coverage.
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Personal insurance- Homeowners, Automobile, Umbrella, Condo, Renters
EJA Capacity Insurance Agency is a full-service insurance broker that serves individuals, families, and businesses in New Jersey and the tri-state area. They offer a range of personal insurance products, including homeowners, automobile, umbrella, condo, and renters insurance.
Homeowners insurance is designed to protect your home and its contents in the event of unforeseen circumstances such as fire, theft, or natural disasters. It also provides liability coverage if someone is injured on your property.
Automobile insurance, or car insurance, is a legal requirement for driving in most states. It provides financial protection against physical damage to your vehicle and covers your liability in the event of a road accident.
Umbrella insurance is a supplementary form of insurance that provides additional coverage beyond your standard policies. It protects your assets and covers legal costs in the event of personal injury or property damage claims that exceed the liability limits of your homeowners or automobile insurance.
Condo insurance, also known as condominium insurance, is designed for condo owners to protect their personal property and cover any damage to the interior of their unit. It also provides liability coverage for accidents or injuries that occur within the condo.
Renters insurance is designed for people who rent their homes. While it's not required by law, it's often required by landlords. It covers your personal belongings and provides liability coverage if someone is injured in your rented property. It can also help with temporary living expenses if your rented home becomes uninhabitable due to a covered loss.
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Health insurance- Group and Individual Health Policies, Short and Long Term Disability
A-eja insurance broker offers health insurance plans, including group and individual health policies, as well as short- and long-term disability coverage.
Group health insurance is obtained by the business owner or employer, who can look at various policies and quotes before deciding on the health insurance policy they want to offer their employees. Group insurance is typically more affordable than individual plans because the risk is spread across a larger group, and the insurer assumes less risk. Group plans also have the advantage of being available at any time of the year, whereas individual plans often require waiting for an Open Enrollment Period.
Individual health insurance, on the other hand, is obtained by the employee themselves through an insurance broker or the health insurance marketplace. This type of insurance tends to be more expensive and comes with potential coverage limitations and limited employer contributions. However, individual plans offer the advantage of accommodating diverse healthcare needs, as employees can choose plans that match their specific requirements and preferences. Individual plans may also offer wellness incentives and programs to encourage healthier lifestyles and provide additional benefits.
In terms of disability coverage, both short-term and long-term disability insurance can provide financial protection if an individual is unable to work due to injury or illness. Short-term disability insurance typically covers a higher percentage of an individual's income, sometimes up to 70% to 80%, but for a shorter period. It usually has a faster activation period, providing benefits within a few weeks. On the other hand, long-term disability insurance can provide income support for several years, even until retirement age, but usually covers a smaller percentage of an individual's income, around 40% to 70%. Long-term disability insurance is designed for situations where an accident or illness permanently impacts one's ability to work, helping to balance out missed income over the years.
Ultimately, the choice between group and individual health policies, as well as short-term and long-term disability coverage, depends on an individual's specific needs, preferences, and financial situation. It is important to carefully assess the limitations and benefits of each option before making a decision.
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Life insurance
A life insurance broker is an independent salesperson who offers policies from multiple insurance companies. They can help you to better understand the ins and outs of life insurance and help you find the best possible policy for your specific circumstances and needs. An experienced broker will have in-depth knowledge of many different insurance products and can offer their clients a wide range of options.
A competent broker will work to understand your needs, circumstances, and financial situation, and then recommend the life insurance policies that meet them. They will explain and clarify the differences between policies, including term life, universal life, and whole life insurance, so that you can make an informed decision. They will also walk you through the buying process, help you compare rates, and assist with the application process, ensuring that all necessary paperwork is completed accurately and efficiently.
Even after the policy is in effect, a good broker will continue to offer support, helping you with any policy changes, claims, or inquiries that may arise. They can also help you to understand optional provisions that may provide added value to your policy for minimal additional cost. For example, getting coverage if you have medical issues.
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Worker's compensation
Workers' compensation insurance is a requirement for almost every company in every state. It is designed to protect both the company and its employees in the event of a work-related injury. The insurance covers the costs of rehabilitation, recovery, and medical bills, as well as lost time due to the injury. While it is similar to health or medical insurance, workers' compensation only covers on-the-job injuries.
The cost of workers' compensation insurance is influenced by various factors, including the location of the business, the industry it operates in, the number of employees, and the company's past loss experience. For example, businesses in certain industries or with a high number of employees may find it challenging to obtain affordable coverage from traditional insurance companies. This is where insurance brokers can help. Brokers have access to multiple insurance carriers and can help businesses find the right coverage at the best rates. They also assist in navigating the complexities of underwriting and negotiating favourable pricing.
A-eja Insurance Broker can assist businesses in obtaining workers' compensation insurance that meets their specific needs. By partnering with top-rated carriers and utilising their expertise in underwriting and claims management, they can provide tailored solutions. A-eja Insurance Broker also offers digital tools to manage policies and certificates of insurance, improving efficiency and accuracy.
Additionally, A-eja Insurance Broker can guide businesses through the process of modifying their workers' compensation coverage as their operations change. This includes helping businesses understand their obligations under relevant laws and regulations, such as the requirement to notify the Board of any changes in coverage using the correct Federal Employer Identification Number (FEIN). By staying compliant and adapting their coverage to their evolving needs, businesses can ensure they are adequately protected while also avoiding penalties.
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Frequently asked questions
217 Rt 130 N, Bordentown, NJ 08505.
Monday to Thursday, 8:30 am-4:30 pm, Friday 8:30 am-4:00 pm, Saturday and Sunday closed.
(609) 291-9950.
Commercial insurance, personal insurance, and health insurance.
The company philosophy is to offer professional service and a quality product at a competitive price.
