New Jersey Business Insurance

Customized protection for your New Jersey business

As a New Jersey small business owner, you should consider business insurance to protect from a variety of risks related to your business property, employees and daily operations. Choosing to run a business in New Jersey without insurance could lead to handing a costly claim on your own.

There are over 908,000 small businesses in New Jersey that collectively employ nearly 50% of the state’s workforce, according to the US Small Business Administration. Each of these 1.8 million employees by law must be protected by a workers’ compensation policy.

Customize a quote for workers’ compensation, general liability and more through the Progressive Advantage® Business Program. Our licensed professionals can help you build a policy that meets your needs and budget.

Types of NJ business insurance

General Liability

General liability is the most common business liability coverage and almost every New Jersey business owner should consider it. It protects against third-party bodily injury and property damage, as well as personal and advertising injury.

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Commercial Auto

This coverage protects against damage to your vehicles and trailers, as well as injuries or property damage related to their use. Your personal auto policy doesn’t cover vehicles while they’re being used for business reasons. Use this tool to see if you need a commercial policy.

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Workers' Compensation

Businesses in New Jersey are required to have workers' comp insurance if they have one or more employees. Workers’ compensation insurance helps pay for expenses related to employees becoming injured or ill while working for you.

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Business Owners Policy (BOP)

A BOP combines property and liability coverage into one easy-to-manage policy. It’s a great option for small to medium-sized businesses that rent or own commercial property such as a storefront, warehouse or office building.

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Professional Liability

New Jersey businesses that offer professional services should consider this coverage. It protects businesses from claims of professional negligence, both actual or alleged, and helps pay for defense costs. It’s also known as errors and omissions insurance (E&O).

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Cyber Insurance

This protects against incidents like data breaches and cyber attacks. It includes first-party and third-party protection for things like investigative services, data recovery and legal costs. Businesses that store or manage customer data, like credit card information, typically need this coverage.

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Browse for New Jersey business insurance by your profession.

New Jersey business insurance cost

The cost of business insurance in New Jersey depends on a wide range of factors including a business’s industry, size, coverage needs and location. For example, a business in Jersey City can expect a different rate than a business in Toms River.

The most influential factor is the type of work that you do. Businesses are usually rated on exposures that are unique to their profession. For example, a tree removal service can expect to pay more than a landscaper because their work is more complex and requires working with heavy machinery at high elevations.

Learn more about the factors that influence business insurance rates. You can also get a quote online to find out what you’ll pay for your unique situation.

New Jersey business insurance requirements

Workers’ compensation is the only type of business insurance required by New Jersey state law. Any business that has one or more employees can get coverage through a private insurance carrier or qualify to become self-insured.

Other business insurance like a BOP or general liability aren’t required by law, but you’ll likely need them before entering a contract with a prospective client or landlord. Their contracts usually specify the coverage types and limits you must carry before you begin working with them.

Resources for New Jersey small business owners:

New Jersey professions we insure

We help small business owners from a wide variety of industries, including these common professions:

Browse more examples of professions we insure.

Why choose Progressive?

Options – We can help you secure coverage at any stage of your business’s development with the flexibility to adjust your policy as your business changes. Our agents will work with you to make sure you’re getting protection that meets both your needs and budget.

Experts – As the #1 Commercial Auto Insurer in America*, you can trust us with all your business insurance needs. Our team of specially trained, in-house agents can assist you every step of the way to make sure you’re getting the best coverage for your business.

Convenience – There are several ways to get a quote whether you need a single New Jersey policy or a combination of business insurance coverages. Simply start a quote online or call us to speak with an agent.

Business insurance for all New Jersey cities

We can customize business insurance in all New Jersey cities, including, but not limited to:

  • Newark
  • Jersey City
  • Toms River
  • Clifton
  • Paterson
  • Elizabeth
  • Edison
  • Trenton
  • Camden
  • Passaic

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*No. 1 commercial auto insurer from SNL Financial’s 2019 national written premium data.