You may be running a successful New Jersey business and have very satisfied customers, a caring and responsible staff, and a wonderful line of products or services, but problems and accidents are always a possibility. No matter how great your business practices, you are vulnerable to a lawsuit the moment something goes wrong and you or one of your employees are to blame.
This is why carrying the proper amounts of general liability insurance in New Jersey is of the utmost importance. Why risk everything you have worked so hard to build up and develop by not having this coverage in place? Remember that no matter how careful you are, whether it’s training your employees or testing your products, chances are that, if you own your own business, one day your company may be the subject of a lawsuit that will involve court costs, and quite possibly damages and legal fees.
Insurance creates a safety net
This all add up to a potentially devastating problem for you and your business. Besides the obvious financial issues, there is also the bad publicity that could result in a loss of customers and overall distrust by the public due to any television coverage of the unfortunate event.
A general liability insurance policy for New Jersey business owners will cover your company in the event of any third party liability claims, whether from a formal lawsuit or, for example, by a customer slipping on something in your parking lot and incurring an injury which leads to medical bills or loss of wages or income.
Regardless of the outcome of any legal proceedings against you, remember, even if you and your business are completely cleared of wrongdoing, a lawsuit can be damaging to your reputation. If your business were to be involved in a lawsuit, this important policy would cover the cost of your defense and protect your assets.