When you have decided to open up your own small business in New Jersey, you need to make sure you invest some time into researching business insurance laws for your state. You may find that some types of insurance are actually required. This will depend on what type of business you are opening. Some types are optional but are also great to have as extra protection. –NJ Business Insurance
For those who will be opening up an office you will of course want property insurance. This will help keep you covered in the event of a break in or being vandalized. If you work in an area that could suffer from natural disasters that will be a different policy. Another instance you will be required to by insurance is if the company itself owns a vehicle.
If you have a business that you must hire other employees you will need to consider several different health insurance plans. While this may not be required, most employees consider this when thinking of accepting the position. You will also need to have insurance that will cover any type of accident that might happen while your employees are on the job
There are several other types of insurance to consider like business interruption and errors and omissions insurance policies. These both have several benefits to you and your business. For example the errors and omissions policy will help cover you if you are ever sued. Before buying any policies you may want to talk with a small business attorney. Especially if this is your first business you may find several benefits to this consultation.