NJ manufacturers insurance

Staying Covered With Liability Insurance in New Jersey

As a manufacturer in New Jersey, you face numerous liability risks in your daily operations. Without the proper insurance coverages, these risks can lead to your company’s downfall. While the process of searching for insurance may be difficult to handle on your own, working with an agent who’s experienced in NJ manufacturers insurance can ensure that your policy meets your business’ needs. As you conduct your search, here are some of the liability coverages you should expect to include in your new policy.

Liability Insurance Defined

Liability insurance offers payment towards expenses related to third-party lawsuits against your company. Your policy will cover attorneys’ fees as well as any settlement or judgment amounts.

Liability Insurance Options

Here are some of the more popular coverages to consider for your new policy:
Product Liability – specific coverage for when a third party’s bodily injury or property coverage is caused by a product you created.
Manufacturer’s E&O – coverage for when an error or omission on your part led to a third-party experiencing a loss.
General Liability – broad coverage for instances where a third-party sustains bodily injury or property damage because of your business.
Pollution Liability – specific coverage for when bodily injury or property damage is caused by pollution from your business.

NJ manufacturers insurance regulations can be confusing for newcomers. Your agent can help you navigate these regulations and craft your perfect policy.