Does Your NJ Business Need General Liability Insurance?

Most businesses need liability insurance to provide financial protection in the event of a lawsuit. Liability coverage and costs may vary depending on the type of business you own. For example, an accounting firm or art gallery may involve less risk, or different types of risk, than a construction business or a chemical company. If you’re in NJ our agent can help you determine the type of liability policy you need.

Staff training and proper safety precautions are important in making sure your workplace risks are as low as possible, but accidents can still happen. An action taken by you, or one of your employees, may cause someone an injury, or damage property, that results in a lawsuit.  

For instance, a pothole in your parking lot left unrepaired may damage a customer’s car, or a light that goes out in a stairwell and is not quickly replaced may contribute to a fall. These are not examples of gross intentional negligence, but nevertheless they could result in lawsuits. A general liability insurance policy may offer some financial peace of mind in the event of a lawsuit that might otherwise have the potential to bankrupt your enterprise.

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