Bergen County Insurance Services

Insurance Services In Bergen County, NJ

Welcome to the Imperial Agency! Imperial Agency Inc., an independent insurance agency located in the City of Garfield, is committed to the principles of service, integrity and professionalism while providing our valued insurance customers the highest quality of service with the goal of exceeding their expectations. At Imperial Agency Inc., our mission is to help our clients accomplish their goals by providing the highest quality accounting, tax and related professional services. We understand that responsiveness and personal attention to every client are critical to our shared success.


Imperial Agency Inc. has been providing Personal and Business Insurance to the great State of New Jersey insurance since 1979. We are the middle person to explain the difference in coverages, help get you what you need without adding what you don’t, and working with the insurance companies on your behalf.

Insurance is important because it protects a person or a business from financial loss due to an unfortunate emergency, accident or unforeseen event. There are many different kinds of insurance, some of which cover a person and some of which cover businesses. In the case of a car accident, for example, the insurance company will usually cover medical expenses and the cost to repair the car or purchase a new one. Business insurance can save a company from financial ruin in cases like medical malpractice, slip-and-fall injuries on business property or employee injuries that may occur on the job.
6 Reasons Why Insurance is Important
1. Lenders Require Insurance
Lenders require that you carry insurance. Think about it: Mortgage lenders want proof of insurance before you buy or build a new building to safe guard assets. In short, to get the money your business needs to keep going, it’s likely you enjoy the benefits of insurance. Without insurance, your winning business model can’t get the funding it needs to take its first step, or your established business model can’t get the funding to evolve and better compete.
2. Insurance is Mandatory in Some States
Insurance is important because sometimes it’s the law! A great example of this is auto insurance. Auto insurance is mandatory in the state of New Jersey. Auto insurance helps mitigate risks on the road (of which there are many!). Workers’ compensation is another form of mandatory insurance that’s required in most states.
3. Insurance Grants Peace of Mind
Insurance, an intangible, provides another intangible: peace of mind. Business owners can take on certain business ventures because they can shift the risk — thanks to insurance.
4. Insurance Ensures Family and Business Stability
Insurance is a safety net for when risks go wrong. Should a key member of your business no longer be able to perform their duties or piece of equipment fails, the business can carry on thanks to insurance. This is the reason why insurance is important. It all goes back to the idea that insurance makes policyholders whole again.
5. Insurance Protects the Small Guy
When you look at your industry, you see the “big guys” and the “small guys.” If a risk goes wrong, the big guys will be able to survive because they can manage some unexpected event. But the little guys can’t overcome the same hurdle. As a result, they are more risk averse. In some cases, they may be forced to sell out to the big guys. If enough little guys leave the industry (and one big guy swallows them up), you’re left with a monopoly. With insurance, however, the little guys have support if they want to take a risk, which means they will be able to continue their business operations and going concern risk is minimized.
6. Insurance is the Right Thing to Do
Insurance may be something many business owners don’t want to think about though it is necessary part of a successful business plan. Whether they think about insurance, with hope it’s there, it allows for transfer of risk and provides a safety net for new opportunities.