Combine property and liability insurance into one comprehensive policy. Save time and money compared to purchasing separate policies for each coverage. Additionally, BOPs can include coverage for business interruption and additional expenses, providing even more protection for your business.
Business Insurance In New Jersey
At HCP, we pride ourselves in being an ally to the many businesses that call NJ home. We connect businesses of all sizes and industries with insurers who can protect them from a range of financial losses. The coverage provided by these companies has proven to be a lifeline for businesses time and time again, so if you’re running a commercial enterprise anywhere in the Garden State, you can’t afford to go without a strong safety net. In addition to mandatory types of coverage – like workers’ compensation insurance, we can help you find any type of optional policy you may need for your company in NJ.
Get in touch with our agents today to find out more about commercial auto, professional liability insurance in NJ, and all the other types of coverage offered by our network of top insurance companies.
Why is business insurance important?
Businesses take on a great deal of liability in their day-to-day operations. They could be subject to lawsuits from a variety of sources. Injured employees could file lawsuits or make workers’ compensation claims; customers injured on company property could file personal injury lawsuits. Car accidents in company vehicles could make a proprietor liable for damages. A defective product could result in an expensive product liability lawsuit. Businesses can even be liable for the customer data stored on their computers; a cyber attack could make them liable for a data breach. With the right commercial coverage, large companies and small business owners in NJ can be sure they will be protected from lawsuits and other perils that could potentially force them to close down permanently.
How our insurance advisors help
- Our advisors provide expert advice, making it easy to get the coverage you need.
- We answer your questions and explain coverage details clearly.
- We recommend additional commercial coverage that may be helpful.
- As your agents, we're always available when you need us.
- We offer ongoing advice and recommendations as needed.
- We ensure a smooth claims process.
We find that the policies provided by our network of insurers are particularly well-suited to companies in these industries. For example, contractors may need a commercial auto policy for their work trucks, plus a workers’ compensation policy to cover them if their employees get injured on the job. Professional service providers like accountants and lawyers may need a cyber liability policy to protect them if their client data is stolen by hackers. Landlords need a policy to cover damage to their rental property, and they may also want to recommend a renters policy to their tenants. A small business may be subject to product liability lawsuits, so getting coverage for that eventuality is a smart move.
In all of these cases and more, having the right commercial coverage in place can mean the difference between keeping your doors open and going out of business permanently. Get in touch with HCP right away to find commercial general liability insurance in NJ and other commercial policies to protect you.
Business industries that we typically work with
Specific business insurance policies
- Bundled policies: May be exactly what you need for comprehensive coverage.
- Specific coverages: Some businesses benefit from specialized policies tailored to their unique risks.
- Flexible coverage: Add or subtract coverage anytime to adapt to your evolving business needs.
- Coverage options: Commercial auto, cyber liability, and product liability are available to enhance your protection.
- Property protection: Safeguard your business property and assets with tailored coverage.
- Local expertise: Benefit from the decades of combined experience of the HCP team serving businesses in NJ.
Are you looking for specific coverage?
Any business that stores data, handles credit cards, or medical information needs to protect itself against the rising threat of cyber crime. This coverage protects your business from risks relating to information technology infrastructure and activities, and from data breaches involving sensitive customer and employee information.
Whether nonprofit or private company, if you have a board, this is an important coverage. It protects your board of directors and company officers in the event they are sued for actions or decisions made in their capacity as directors and officers.
This mandatory coverage protects your business in the event of employee injury by taking care of employee medical expenses and missed wages, as well as legal expenses if you’re sued.
Extends your liability coverage for extra protection if the cost of a claim exceeds the limits of your underlying primary insurance policies to further protect your business assets.
If you have even 1 employee, you need to protect your business against claims by workers of sexual harassment, race discrimination, wrongful termination, failure to promote, even wrongful infliction of emotional distress.
Any company that interacts with the public needs to protect their business from financial loss as a result of claims for injury, medical expenses and damage to property caused to others by you or your employees.
Coverage for claims of negligence, errors, or omissions that may arise from the services you provide to clients. It can also cover legal fees and settlements, which can be very costly without insurance.
Get coverage for damage to your buildings, equipment, and inventory due to events such as fire, theft, and vandalism. It can also include coverage for business interruption, which can help replace lost income if your business is unable to operate due to a covered loss.
Home owners insurance is something that every homeowner needs for liability. Whether you are in Queens, NY, or Manhattan, NY, our team is here to connect you with the homeowners insurance you need.
Connect with an advisor
Want personalized guidance from an insurance advisor about protecting your business?
Frequently Asked Questions:
Business liability insurance is an important protection for your company. It helps protect you from expensive lawsuits that could threaten your business. Business general liability insurance and professional liability insurance in New Jersey cover many risks. It protects you if someone gets hurt on your property, and it also helps if you damage someone else's property. This coverage is necessary for every small business in New Jersey.
Many business owners aren't sure how much coverage they need; business general liability insurance helps pay for legal fees and settlements. Without it, you might have to cover these costs yourself, which can be a major financial burden for a small business. In New Jersey, this insurance is often required by law. Business insurance isn’t only for large companies; small businesses need protection, too. Without the right coverage, one lawsuit could take down a small business. General liability insurance gives you peace of mind so you can focus on running your business without stressing over legal risks.
Some people think business liability insurance is too expensive, but the cost of not having it can be much higher. A lawsuit could cost your business thousands or even millions. Business general liability insurance is often more affordable than people think.
Another myth is that small businesses don't need this coverage. This is not true. Small businesses in New Jersey face many of the same risks as larger ones. Business liability insurance is crucial for businesses of all sizes.
Some believe that being careful means they don't need insurance, but accidents can happen to anyone. Business general liability insurance protects you even when you're not at fault; it's a safety net for unexpected events.
Many think their personal insurance covers their business, and this is usually not the case. You need specific business insurance for your company which includes professional liability insurance in New Jersey for certain industries.
Some believe that business liability insurance covers everything, but it has limits. You might need other types of coverage, too. Talk to our team about your specific needs.
Remember, business liability insurance isn't just about protecting your assets—it's about making sure your business can keep running if something goes wrong. Don't let misunderstandings prevent you from getting the coverage you need. Protect your small business in New Jersey with the right insurance today.
