NJM Insurance expands coverage for NJ businesses
Founded in 1913, NJM Insurance Group began providing workers’ compensation insurance to New Jersey residents. Today, the company offers a comprehensive portfolio of coverages, including its newest offering: commercial insurance policies.
The West Trenton company announced the addition on May 18 and is launching the policies with effective dates from July 1. While the company offers various insurance coverages for individuals and businesses outside of the Garden State – in Connecticut, Maryland, Ohio, Pennsylvania, Delaware and New York – the new policy is currently only available. for New Jersey businesses.
“The product launch is the culmination of NJM’s multi-year strategic plan to serve all business insurance needs in the Mid-Atlantic region,” said Mitch Livingston, president and CEO of NJM, in a statement. “For more than a century, NJM has been New Jersey’s premier workers’ compensation insurer, renowned for providing superior service and value to policyholders. We are pleased to offer the same commitment to businesses in need of a business package policy throughout our region.
the NJM ProPack Commercial Package Policy protects medium and large businesses and includes property coverage; liability insurance for construction, manufacturing and other industries; optional coverage for equipment failure, employment practices liability, professional liability, contractor errors and omissions, and cyber insurance; and more.
ProPack policyholders who need additional coverage can purchase NJM’s Excess and Commercial Umbrella Insurance.
Arjay Pedalino, NJM’s Vice President of Commercial Lines, added that the new policy is only available “to businesses in the region exclusively through our preferred channel partner network.”