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 handling 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 U.S. Small Business Administration. Each of these 1.8 million employees are required by law to 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
How much does business insurance cost in New Jersey?
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 products, 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?
Business insurance for all New Jersey cities
We can customize business insurance in all New Jersey cities, including, but not limited to: