Jersey City Business Liability Insurance

Jersey City business liability insurance agents may, occasionally, try to commit various forms of fraud. An agent may scam your small Jersey City company into purchasing excess coverage, for example, and manage to get more money. As you might expect, Jersey City insurance fraud on the agent's end is rare, but it happens. It's good to be aware of potential fraud on the part of your New Jersey insurance agent so that you can avoid it.

Jersey City business liability insurance will be different for different companies. For example, if you are an attorney, and you're setting up an office in downtown Jersey City, you'll need to purchase malpractice coverage. Basic Jersey City business liability insurance won't protect you in the case of claims related to professional negligence.

On the other hand, if you're opening a store front in Jersey City, New Jersey, you need to purchase the appropriate policies to cover your store - such as New Jersey commercial liability insurance. You need particular policies in addition to Jersey City business liability insurance, including product liability insurance and property coverage. Depending on what you have in your store, you may also need to insure your inventory.

Insurance Agent Scans

Untrustworthy Jersey City insurance agents may try something called sliding. "Sliding" means adding extra unnecessary coverage, which your New Jersey business doesn't need. Your agent might be paid on a commission based on the premium of the policy sold, so he or she may attempt to sell you more coverage than you need. Be sure to compare business liability rates yourself so you'll know what you need and what you don't.

Another way to avoid being a victim of sliding, it's important that you understand the different components of your business policy. While Jersey City business liability insurance can be relatively complicated, if you understand what each of the policies mean, you can avoid purchasing extra coverage. Furthermore, if you choose a trustworthy Jersey City business liability insurance agent, you won't even have to worry about it!

Of course, it can be hard to judge the character of an agent. Like salespeople, Jersey City agents can be quite chatty and charming and it may be difficult to tell whether or not they're trustworthy. Still, if you use good instincts, you will be able to find one of the many decent agents in NJ.

Malpractice Coverage

Jersey City business liability insurance will protect you from most third-party claims made against your company. You will be protected from claims related to personal injury, advertising injury and property damage. However, if your work involves offering advice of any sort, you may need additional coverage for malpractice.

If a client or customer claims that you made a mistake, your basic Jersey City business liability insurance policy will not cover you. Instead, you need errors and omissions or malpractice to protect you. Even if you never make mistakes, you can expect that you'll face meritless liability claims at some point or another. If, for example, a client doesn't want to pay for your work, he or she may bring a lawsuit against you out of spite.

Malpractice isn't just for doctors and attorneys, it's for technology specialists, architects, and any other professionals that might face this kind of claim. If your professional liability could be a concern, it's important not to go without malpractice. If you do, you're putting your business at risk.

Insurance for Your NJ Store

If you're opening a store, you may need to have a product liability policy to cover whatever you're selling. If you're manufacturing or selling anything, you need a policy in addition to your basic liability policy to cover those products. Your basic commercial policy won't protect you from claims related to your products. Also, if you're selling alcohol, you may need additional coverage for liquor-related incidents.

Furthermore, while your business liability policy will protect you from claims related to property damage, it won't protect you from property damage itself. So, you need an additional policy to protect your store in the case of a natural disaster. If it's a fire, theft, or any other type of incident, you need to be insured.

Also, if you have expensive items in your store, such as antiques, you will need to insure your assets. Your inventory can be insured for replacement value or cash value. If you insure it for cash value, you'll get the amount that it's worth in the case of a loss (according to market value). If you insure it for replacement value, however, your insurer will pay for the replacement.

To appropriately insure your business, it's a good idea to talk to a reliable agent. An experienced Jersey City business liability insurance agent can help you assess your risks and find a suitable insurer. If you can find an agent that has experience in your industry, you will have much better luck figuring out what your particular business risks might be.

FREE Business Liability Insurance Quotes

Get Quotes

Business Liability Testimonial

"I needed a quality business liability policy to help cover my business, and getting connected with several providers was easy!"

Chris B, Portland OR

Business Liability Testimonial

"Finding business liability insurance quotes in the past has always been a hassle, thanks to this website, it was much easier!"

Ryan A, Atlanta GA

Business Liability Testimonial

"This site helped put me in touch with a business insurance provider for my dental clinic quickly, with no fuss. Very convenient!"

Christina T, Tempe AZ

  • Allstate
  • Nationwide
  • American Family
  • Country
  • Hartford
  • Farmers