{"id":753,"date":"2024-08-16T04:00:00","date_gmt":"2024-08-16T09:00:00","guid":{"rendered":"https:\/\/www.estirinsurance.com\/blog\/?p=753"},"modified":"2024-08-13T16:46:56","modified_gmt":"2024-08-13T21:46:56","slug":"does-new-jersey-law-require-that-contractors-purchase-insurance","status":"publish","type":"post","link":"https:\/\/www.estirinsurance.com\/blog\/does-new-jersey-law-require-that-contractors-purchase-insurance\/","title":{"rendered":"Does New Jersey Law Require That Contractors Purchase Insurance?"},"content":{"rendered":"

Ensuring Adequate Insurance Coverage as a Contractor in Bloomfield, NJ<\/strong><\/h2>\n

Working as a contractor in Bloomfield, NJ, can be a lucrative enterprise. However, it is crucial to ensure you meet state licensing and insurance requirements before you start work to avoid potential issues.<\/p>\n

New Jersey Contractors Insurance Requirements<\/strong><\/h2>\n

According to New Jersey law, contractors must have general liability insurance providing at least $500,000 in coverage per occurrence. If you employ one or more workers, you also need to either purchase workers’ compensation insurance or gain approval for self-insurance. This requirement applies to in-state companies as well as out-of-state contractors taking on jobs in New Jersey.<\/p>\n

A commercial auto insurance policy is also necessary for travel to and from job sites. Standard auto insurance policies don’t cover business-related trips or provide coverage if you allow an employee to drive one of your vehicles. A commercial auto insurance policy should have a minimum liability limit of $15,000 per person, $30,000 per accident for bodily injury, and $5,000 for property damage.<\/p>\n

Contact E.S.T.I.R. Inc. for Options in Contractor’s Insurance Policies<\/strong><\/h2>\n

Securing ample insurance coverage is a must if you plan to work as a contractor in Bloomfield, NJ. Whether you’re new to the state, just starting as a contractor, or seeking to update your coverage, E.S.T.I.R. Inc. can help you find a baseline policy that fits your needs and budget. We also offer other forms of contractor insurance for added protection in case of any unfortunate incidences. Contact us today to explore your policy options or to get a quote on the policy of your choice.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ensuring Adequate Insurance Coverage as a Contractor in Bloomfield, NJ Working as a contractor in Bloomfield, NJ, can be a lucrative enterprise. However, it is crucial to ensure you meet state licensing and insurance requirements before you start work to avoid potential issues. New Jersey Contractors Insurance Requirements According to New Jersey law, contractors must […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[224,94],"class_list":["post-753","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-bloomfield-nj","tag-e-s-t-i-r-inc"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t