Important Types Of Business Insurance New Jersey

business insurance New Jersey portfolio that will protect your company against common risks and exposures. Depending on where your operations are, and what industry you are serving, there are several different types of policy coverage forms you can invest in. Review the different types of insurance available below, and invest in coverage that is relevant to your business. While not every policy form is necessary for every business, you will need to invest in liability and property insurance no matter what industry you serve.

General Liability insurance is necessary for any company. Every business insurance New Jersey package policy will include at least a standard limit of general liability insurance. While you can purchase general liability cover in a package form, some companies choose to build their own insurance portfolio and invest in separate coverage types that are specifically tailored to their industry. General liability insurance covers injuries and damages caused to a third party due to the negligence of the business. While these policies will protect the business against monetary claims caused by negligence, slander and libel, there are common exclusions that include faulty performance and breach of contract.

Professional liability, also referred to as errors and omissions business insurance New Jersey, is designed to cover liability exposures that are specifically excluded in a general liability insurance policy. It is important to understand