New Jersey Business Insurance

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Small business insurance in New Jersey

If you own a small company in New Jersey, business insurance can help protect your property, employees, and daily operations from a variety of risks. It's designed to keep your business running smoothly when unexpected issues come up.

New Jersey is home to 1.1 million small businesses, employing nearly half of the state's workforce, according to the U.S. Small Business Administration. Under state law, employers are generally required to carry workers' compensation insurance for their employees. According to the latest Bureau of Labor Statistics data, 66,800 non-fatal workplace injuries and illnesses were reported in NJ. Choosing the right coverage can help manage these risks.

Customize your insurance policy through Progressive Commercial. Start a quote online or speak to a licensed agent to get New Jersey business insurance coverage that meets your needs and budget.

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Types of NJ business insurance

General liability

This is the most common business insurance coverage, and many New Jersey companies carry it. It protects against third-party bodily injury, property damage, and personal and advertising injury.

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Commercial auto

This insurance helps protect the vehicles and trailers you use for work, including injuries or property damage related to their use. Personal auto coverage doesn't apply when vehicles are being used for business purposes.

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Workers' compensation

Businesses in New Jersey with one or more employees are typically required to carry workers' comp insurance. This coverage helps pay medical bills and other expenses if an employee is hurt or becomes sick while on the job.

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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 and 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 can help with claims related to mistakes, errors, and negligence, whether actual or alleged. It's also known as errors and omissions (E&O) insurance.

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Cyber

This insurance helps protect against incidents like data breaches and cyber attacks. It includes protection for investigative services, data recovery, and legal costs. Businesses that store or manage customer data, such as credit card information, often carry this coverage.

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How much does New Jersey business insurance cost?

In 2025, the national median cost of business insurance for new Progressive Commercial customers ranged from $50 per month for professional liability to $80 per month for a business owners policy.

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

The type of work you do plays a major role because insurers look at the risks tied to each profession. For instance, a tree removal service may pay more than a traditional landscaping business because it uses heavy equipment high up from the ground.

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

New Jersey business insurance requirements

Workers' compensation insurance in New Jersey is the only type of business insurance that's required by state law. Businesses with one or more employees can get coverage through a private insurance carrier like Progressive Commercial or qualify to become self-insured.

Other types of business insurance, like a BOP or general liability policy, aren't legally required. However, you may need them to meet expectations set by clients, landlords, or lenders. Your contracts will usually specify the coverages you'll need to carry before work begins.

Explore more essential business insurance resources.

Resources for New Jersey small business owners:

Business Insurance Requirements (NJ Department of Labor and Workforce Development)
Workers' Compensation Guide (NJ Department of Labor and Workforce Development)
2025 New Jersey Small Business Profile (U.S. Small Business Administration)
2023 New Jersey Workplace injury Data (U.S. Bureau of Labor Statistics)

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 Commercial

Options

We support your coverage needs at every stage of your development with the freedom to adjust your policy as your business changes. We'll work with you to make sure you're getting protection that meets your needs and budget.

Experts

As the #1 commercial auto insurer in America,^* you can count on our experience. Our team of specially trained, in-house agents can help you choose the right coverage and answer questions along the way.

Convenience

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