Requires that definition of occurrence in certain property damage liability insurance policies include coverage for faulty workmanship.

This bill requires commercial liability insurance policies for contractors and construction professionals in New Jersey to explicitly include faulty workmanship in their definition of "occurrence." Specifically, policies must define "occurrence" to cover both accidents (including ongoing exposure to harmful conditions) and property damage or bodily injury caused by faulty workmanship. The requirement applies to all new or renewed policies issued in New Jersey after the bill's effective date (90 days post-enactment). The bill does not restrict insurers from adding other exclusions but aims to clarify coverage standards and reduce legal disputes over whether faulty workmanship is covered.