What do businesses need general liability insurance in NJ?

Posted by Blue Line insurance on January 3rd, 2019

Simply put, you need general liability insurance in NJ to cover the liabilities related to non-employees. These liabilities could be physical injury to someone that could be a visitor; damage to property that belongs to others or any risk that your business might cause to anyone.

 Do you know that a single lawsuit can tank your business? If you are involved in a legal battle with a third-party that isn’t covered in your business insurance then it could be detrimental to your financial interests. This lawsuit is sufficient to bring your high-profile business to ground. It is better you get the potential risk covered in an insurance policy that can save your business from the lawsuits.

 If you haven’t bought general liability insurance in NJ then you should do it as soon as possible. Running a company without getting sufficient risk cover isn’t advisable. It is inviting problems that can strike anytime and cause a severe damage to your activities. You will lose money and also waste your productive time that you can invest in more important works.

 Let’s understand value of general liability with examples

 A visitor slips on your property and gets injured. You have cleaned the floor of your property to improve hygiene but the act of cleaning proved detrimental to a visitor. He met a slip and fall accident and now threatening you to pay for his medical expenses. Are you ready to challenge the claim in a court of law? If yes then you should first calculate the investment on lawyer fee before accepting the challenge.

 Look at another example. A customer claims that he is injured with the products you sell. And he has sufficient proofs to show that the injury is because of an inferior quality product. In this situation, you will have to face a legal battle. The general liability insurance in NJ saves business owners from third-party claims from visitors and buyers.

 A very small amount towards the insurance premium could save you from the big hassle. The insurance would cover the unseen expenses that can make a serious dent in your pocket. An insurance policy would keep you free to perform your business in a hassle free manner.

 You might argue that it isn’t binding on you to buy general liability insurance in NJ but if you look at the benefits of the insurance policy, you would want to buy a policy.

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