Small Business Insurance in New Jersey
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Coverage Plans for All Your Needs
Starting a business in New Jersey opens the door to risks. You need insurance designed for your industry and business size. We customize plans for more than 20 industries. Pick coverage below to start a quote today.
Essential coverage for your New Jersey business
General LiabilityInstant quote »
- Bodily Injury
- Damage to third party property
- Personal Injury
When you also have at least one employee
General Liability + Property and Workers Compensation (WC)
* Plus Workers Compensation
All standard plan benefits and:
Coverage for work-related accidents and diseases and subsequent:
- Ongoing medical care (such as rehab)
- Missed wages during recovery
- Legal fees
We've Got You Covered with Coverage You Need
Whether you’re looking to satisfy New Jersey requirements with Workers Comp and Disability Insurance or know insurance is the only way to protect your finances, we’ve got you covered.
Every business regardless of size needs General Liability Insurance to protect you from lawsuits alleging fault for injury, property damage, or loss of income. It includes coverage for defense and settlement expenses.
If your business owns property or equipment, Commercial Property Insurance is necessary and often required by lenders. It pays to rebuild or replace property damaged by a covered incident.
New Jersey mandates any business with 1 or more employees has to carry Workers Comp insurance to cover expenses related to employee injury on the job. It includes medical payments and loss of wages.
New Jersey requires every driver carry minimum limits on their Auto Insurance. If you use vehicles, you also need Business Auto Insurance to protect your business during a claim.
New Jersey requires businesses offer employee disability coverage to for employee illness or injury that occurs outside of work.
Frequently Asked Questions
What are the minimum insurance requirements for New Jersey businesses?
New Jersey only requires businesses carry Workers Comp and Disability Insurance if they have at least 1 employee. All other policies are optional according to NJ law.
How much Liability Insurance should I carry?
There is no right or wrong amount. A good rule of thumb is to protect your financial well-being if a claim occurs. Many businesses choose to carry $1,000k/$2,000k limits.
How much does business insurance cost in New Jersey?
Every insurance company views businesses differently. Depending on your services, safety policies, and experience, premiums can vary.
Do I need General and Professional Liability Insurance?
Possibly. The two policies protect you against different claims. Every business needs General Liability. You also need Professional Liability if you offer advice to others such as financial, health, or legal advice.
What types of coverage should I buy for my business?
That depends on what your business offers. If you offer advice, Professional Liability is a must. If you transport goods, you should buy business auto and Inland Marine Insurance. It is best to discuss your business with an insurance expert.
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