New Jersey

New Jersey Insurance License: 1281440

New Jersey is home to innovative thinking: Washington crossed the Delaware to surprise the Hessians at Trenton; Edison revealed and promoted the phonograph, the light bulb, and the motion picture at Menlo Park; and Atlantic City gave America the original Monopoly board. Truly revolutionary stuff.

But you don't need to change the world to start a business in New Jersey. Almost 780,000 small businesses already exist here, and that number keeps growing. The opportunities look good for new and exciting enterprises.

Whether you want to take part in the state's booming tourism industry, set up a small farm in the pastoral countryside, or bring manufacturing back to the cities, your business idea will hopefully find fertile ground in The Garden State. Just make sure to protect all your hard work with the proper small business insurance. After all, you never know when the next hurricane will wipe out your fledgling boardwalk empire or when the Jersey Devil will show up (a totally justified fear, by the way – although you may have trouble finding devil liability coverage).

New Jersey Insurance Savings Tips

  • Save money on Property coverage by choosing a cash-value plan instead of a replacement-value plan. Cash-value coverage reimburses you for a damaged item's depreciated value, which translates into lower premiums for you.
  • Add Cyber Liability Insurance to your business protection plan. Cyber attacks can lead to data breaches, which cost thousands of dollars on top of a tarnished reputation. Cyber Liability Insurance helps pay for the costs associated with a data breach, including campaigns to help rebuild your image.
  • Buy an inexpensive, contents-only Commercial Property Insurance policy for your rented workspace. Yes, your landlord has a policy, but only for the structure of the building. The property inside is solely and squarely your responsibility.

New Jersey: Fertile Ground for Small Businesses

New Jersey offers a variety of incentives for small businesses though its Economic Development Authority (EDA). According to the EDA's site, you can grow your business through low-interest bonds, loan participations, direct loans, and loan guarantees – all of which offer longer repayment schedules than those from traditional lenders.

In 2013, the EDA provided almost $1.2 billion in assistance to New Jersey businesses, which created 5,300 new jobs and kept more than 35,000 jobs – several thousand of which were at risk of leaving the state.

Do you want to be part of New Jersey's rebuilding story? Start with an effective small business insurance plan to protect your most important investment for the long haul.

New Jersey Business Insurance Licensure Information

In New Jersey, insurance agents, agencies and brokers are licensed by the New Jersey Department of Banking and Insurance. Insureon is licensed in New Jersey as BIN Insurance Holdings LLC (NPN 15752926) for Property & Casualty Insurance (License #1281440) and for Surplus Lines (License #1281440). Verify our licensure with the New Jersey Department of Banking and Insurance Licensee Look-up.

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