NJM introduces ‘ProPack’ industrial bundle coverage

NJM Insurance coverage Group in West Trenton. (File picture)

NJM Insurance coverage Group is now writing industrial bundle insurance policies in New Jersey with coverage efficient dates starting July 1, the corporate introduced Wednesday.

The NJM ProPack Industrial Bundle Coverage protects mid- to large-sized companies towards property and legal responsibility dangers, together with crime, inland marine and industry-specific coverages. Highlights of the coverage embody:

  • Property extension endorsements to raised defend actual property, enterprise private property and enterprise earnings;
  • Basic legal responsibility enhancement endorsements for building, manufacturing and all different industries;
  • Non-compulsory coverages for tools breakdown, employment practices legal responsibility insurance coverage, skilled legal responsibility, contractors’ errors & omissions, and cyberinsurance.

As well as, ProPack policyholders who want increased limits of legal responsibility safety are eligible to use for NJM’s Industrial Extra and Umbrella insurance coverage.

NJM CEO Mitch Livingston stated the brand new product launch is the end result of NJM’s multiyear strategic plan to satisfy all the insurance coverage wants of companies all through the mid-Atlantic area.

“For over a century, NJM has been New Jersey’s premier employees’ compensation insurer, with a repute for offering superior service and worth to policyholders,” he stated. “We’re happy to supply that very same dedication to companies in want of a industrial bundle coverage all through our area.”

Companies can apply for ProPack by connecting with a Premier agent at njm.com/agent.

“ProPack CPP unites NJM’s legacy of security, service and buyer satisfaction with companies’ property and legal responsibility insurance coverage wants,” Arjay Pedalino, vice chairman of economic strains, stated. “We’re excited to supply this complete account answer for companies within the area solely by way of our most popular community of distribution companions.”

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