Someone trips at your business, breaks their leg and files a lawsuit. Excluding employees.
You accidentally damage a client or customer’s property.
You’re sued for improper image use in your advertising.
You need an attorney to defend your business in a lawsuit after a claim.
General liability insurance can provide important protections for New Jersey small businesses. Sometimes called commercial general liability (CGL), this insurance can help cover costs related to common accidents, such as:
General liability insurance can help protect businesses from financial losses in a variety of common situations. For example:
Your general liability insurance policy can help to protect you from certain related expenses when these types of accidents occur. CGL coverage can also help cover the costs if your business is accused of libel, slander or copyright infringement.
General liability insurance is not mandatory for New Jersey businesses.
However, local governments for cities and counties in New Jersey might require this coverage depending on the type of work you do.
Even though it’s not mandated by law to carry general liability insurance, New Jersey small business owners often get this coverage for its important protections, which include:
New Jersey small businesses may have more financial protection when accidents occur if they have general liability insurance. Banks and lenders may also require this type of New Jersey business insurance.
Potential clients may request proof of coverage before they’ll agree to work with you.
A requirement for a certificate of insurance is sometimes written into contracts. You may lose out on potential jobs without NJ general liability insurance.
Some commercial property leases require proof of a general liability insurance policy. New Jersey property owners and management companies may refuse to rent you space for your business without this coverage.
Depending on what industry you work in, you may need general liability insurance to get a business license or permit in New Jersey.
For example, there are special requirements for general liability insurance for contractors in New Jersey. Contractors must register with the state and provide proof of general liability insurance coverage in a minimum amount of $500,000 per occurrence.
For more details, see our New Jersey general contractor license and insurance requirements guide.
Most businesses in New Jersey can benefit from general liability insurance because it covers risks which can happen in nearly every industry.
Businesses with lower levels of risk can still get important protections when they have general liability insurance. Accidental property damage or injuries can happen even at client homes, quiet offices and small retail spaces.
For instance, an employee for a Trenton carpet cleaning business might accidentally scratch a client’s car while removing equipment from their truck. General liability insurance could help cover the costs to repair the damage.
Costs for general liability insurance in New Jersey costs vary depending on where your business operates and the type of work you do. The number of employees you have, the policy limits you choose and your past insurance claims can also affect your insurance premiums.
NEXT offers affordable general liability insurance for New Jersey business owners. Our CGL insurance premiums are priced at $45 or less per month for 50% of our U.S. customers.**
Learn more about general liability insurance costs.
NEXT provides New Jersey general liability insurance policies designed for small businesses and self-employed workers.
It only takes about 10 minutes to get a quote, review your coverage options, choose your policies and download a certificate of insurance.
Start an instant quote online today.
Our team of licensed insurance advisors is standing by to assist you if you have any questions along the way.
Commercial auto insurance can help cover costs like property damage and medical bills if one of your work vehicles is involved in an accident.
This type of auto insurance is required in New Jersey for all business vehicles, with minimum coverage of $15,000 per person, $30,000 per accident and $5,000 for property damage.2
Commercial property insurance can help protect the physical assets needed to operate your business. This coverage may extend to equipment, inventory, furniture and brick-and-mortar structures. If your business is affected by a covered event, such as damage from a burst pipe or a fire, commercial property insurance can help pay for replacement or repair costs.
A business owner’s policy (BOP) combines commercial property insurance and general liability insurance. Compared to buying these policies separately, a BOP is often less expensive.
Professional liability insurance, sometimes known as errors and omissions (E&O), can help provide financial protection if a client or customer accuses you of professional negligence. This type of insurance is commonly bundled with general liability insurance.
Learn more about insurance options in the states where you work.
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Business insurance is divided into different policies. We offer seven types so it's easy to design the coverage that fits your business.