Requires certain insurance carriers to include firearm liability insurance as policy option.

New Jersey Assembly Bill A475 requires insurance companies selling homeowners, renters, excess liability, or personal liability policies in the state to offer firearm liability insurance as an optional coverage. This coverage must protect against legal liability for bodily injury, death, or property damage caused by firearms carried in public, with minimum limits of $100,000 per person, $300,000 for multiple people, and $25,000 for property damage per incident. The law applies to all insurers authorized to sell these specific policy types and takes effect immediately upon enactment. It directly affects insurers and policyholders by adding this coverage option to standard policies without mandating purchase.