What are the insurance requirements for a construction company?

In New Jersey, all construction companies must purchase insurance in order to protect themselves, their employees, and those who will be benefiting from their work. Insurance requirements for construction companies in New Jersey vary based on the type of project. Generally, all construction companies must purchase general liability insurance as well as workers’ compensation insurance. General liability insurance is important because it protects the construction company from any damages, losses, or injuries that may occur to a third party as a result of the construction project. This type of insurance is required for any construction project that involves the public, such as a building or bridge project. Workers’ compensation insurance is also important for any construction project. This insurance is required in order to protect employees from any injuries or illnesses that may occur while they are on the job. In addition to general liability and workers’ compensation insurance, construction companies in New Jersey may also be required to purchase other types of insurance such as contractor’s pollution liability insurance and professional liability insurance for architects and engineers. Overall, construction companies in New Jersey must purchase insurance in order to protect themselves, their employees, and those who will benefit from their work. The exact type of insurance that is required will vary depending on the project. It is important for construction companies to understand and follow the insurance requirements in order to stay compliant and protect their business.

What are the insurance requirements for a construction company?

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