Questions Answered

ProEdge Businessowners Policy FAQs

What is a Businessowners Policy (BOP)?

A businessowners policy combines protection for common property and liability risks that a small business owner faces. With an NJM ProEdge Businessowners Policy, small businesses can save time and money by bundling multiple coverages under one insurance policy.

NJM's ProEdge Businessowners Policy offers various coverage options for both property and liability risks, along with industry-specific coverage options.

What is liability insurance?

Liability coverage under a BOP provides protection against claims for bodily injury or property damage resulting from your business operations. This coverage also helps cover the cost of a legal defense in the event you are sued.

What is business income insurance?

Business income coverage protects your business from certain financial losses when you must suspend business operations due to a covered property loss.

What is property insurance?

Property insurance under a BOP can cover the physical building your business owns, as well as the personal property used by your business.

Business personal property can include furniture, inventory, tools, and equipment located at your business.

What types of businesses are eligible for ProEdge BOP?

We invite you to contact your agent and apply for a quote if your business falls into one of the following categories:

  • Contractors
  • Professional Services
  • Real Estate
  • Restaurant and Food Services
  • Retail
  • Services
  • Wholesale/Distributors

NJM ProEdge BOP includes one of our four Protection Level Coverage endorsements, depending on coverage need: Protect Complete, Protect Advantage, Protect Plus, or Protect Elite.

Is a BOP right for my business?

A businessowners policy is designed to serve the needs of small businesses.

Mid-sized or large businesses may benefit from a ProPack Commercial Package Policy. Review what business products are right for your business, or contact an agent for specialized guidance.

What additional policy options are available?

The ProEdge BOP offers a number of optional coverages. These options include:*

  • Equipment Breakdown and Technology Coverage
  • Cyber Suite
  • Employee Practices Liability
  • Professional Liability

Contact one of our agents, who can help match you with the right NJM ProEdge Businessowners Policy.

* Coverages vary by state and may not be available to all businesses.

The information contained on this page should not be construed as legal, financial or insurance advice. The coverage afforded for a particular loss depends on the specific facts and the terms, exclusions, and limits of the actual policy. Nothing on this site alters the terms or conditions of any policy; the policy controls coverage. Coverage options, limits, discounts, deductibles, and other features are subject to underwriting criteria, state availability, and effective dates. Coverage provided and underwritten by NJM Insurance Company and its subsidiaries, 301 Sullivan Way, W. Trenton, NJ 08628.