Posted by : Dan Levenson Sunday, November 30, 2014

The business world is fairly litigious, with lawsuits being filed all over place. Ensure that your New Jersey business is protected by liability insurance.

What it is

Business liability insures your assets in case a lawsuit is filed against you and you end up needing to pay for damages or the hospital expenses of the victims. It also covers other legal costs that you will incur, like the cost of hiring legal defense.

Types of Liability Insurance

Aside from general liability, you can also get coverage on other more specific types of damages such as product liability and professional liability. The former deals with injuries that were caused by faults in the products that you sell while the latter deals with injuries related to any errors or failures you committed while conducting your business.

Non-Mandatory

Some states have a mandatory rule that requires all businesses in their jurisdiction to acquire business liability insurance. New Jersey may not, but even if your business isn’t especially accident-prone, it never hurts to be prepared for anything.


With the help of NJ insurance providers you can be assured that you won’t have to face the prospects of financially-draining legal issues in the future. Nevertheless, in the long run, it still falls on you and your business to make sure that you don’t injure or harm any person in the day-to-day conduct of your enterprise.

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