A general liability policy doesn’t cover beyond property damage, personal injury, advertising injury or bodily injury. They rarely cover economic damages and monetary damages aren’t covered at all. Protect your business and yourself with a New Jersey errors and omissions liability insurance policy.

Types of Claims Covered

While opening communication with your staff and contractors is a great first step to preventing errors, mistakes still happen. Having a New Jersey errors and omissions liability policy in place before a lawsuit happens better protects you and your company from allegations. Typical covered claims include:

  • Copyright infringement
  • Claims and damages
  • Temporary staff and independent contractors
  • Personal injury
  • Past services
  • Defense costs
  • Alleged or actual negligence

Difference in Protection Now vs Later

A lawsuit can happen any time you or your business makes a transaction with another person. The client merely has to allege there has been a wrong committed against them to sue. While most policies have retroactive start dates, waiting until there’s a lawsuit could mean failure of coverage to start. However, protecting yourself ahead of time allows you to assess your risk and goals before there’s a problem. Don’t wait until you are on the hook to pay hundreds of thousands of dollars in legal fees and awarded damages before protecting you and your business with a New Jersey errors and omissions liability policy.