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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
When you also have at least one employee
* Plus Workers Compensation
All standard plan benefits and:
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.
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.
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.
Every insurance company views businesses differently. Depending on your services, safety policies, and experience, premiums can vary.
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.
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.
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
You wanted better protection and cheaper pricing. So did we. We baked that dream into everything we've set out to accomplish in building our award winning platform.
We have one! How much could we have really improved the insurance purchase process? Try us! We ask only the questions you need to answer, nothing more.
We've built all our fancy tech from scratch, which allows us to get you certificates on demand, free of charge, and for us to find you savings.
Being a small business presents several challenges that may need more assistance. While CoverWallet provides you the best insurance, you can also consider these references to further support your small business: