A599

New Jersey A599 mandates that commercial liability insurance policies include coverage for faulty workmanship in their definition of occurrence.

New Jersey A599 requires that commercial liability insurance policies define "occurrence" to include property damage or bodily injury resulting from faulty workmanship. This ensures that such damage is covered under the policy. The bill applies to policies issued, executed, or renewed in New Jersey after its effective date. It does not restrict the types of exclusions an insurer can include in a policy. The act will take effect 90 days after its enactment.