New Jersey Manufacturer Insurance: Protecting Your Business

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Businesses in New Jersey face a variety of risks, from natural disasters to economic downturns. To protect your company and its assets, it’s important to have the right insurance coverage. New Jersey Manufacturer Insurance is a trusted provider that offers a range of policies designed to meet the unique needs of businesses in the state. In this article, we’ll explore the different types of coverage offered by NJM, and how they can benefit your business.

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What is New Jersey Manufacturer Insurance?

Founded in 1913, NJM is a mutual insurance company based in West Trenton, New Jersey. The company offers a range of insurance products for individuals and businesses, including auto, homeowner’s, and commercial insurance. NJM is known for its customer service and competitive pricing, and is the largest writer of workers’ compensation insurance in the state.

What types of coverage does NJM offer?

NJM offers a variety of commercial insurance policies to help businesses manage their risks. Here are some of the most common types of coverage:

Policy Type
Description
General Liability
Covers damages and legal fees if your business is sued for bodily injury or property damage caused by your products, services, or employees.
Commercial Property
Covers damage to your business property, such as buildings, equipment, and inventory, caused by fire, theft, or other covered events.
Business Interruption
Covers lost income and expenses if your business is forced to close or reduce operations due to a covered event, such as a natural disaster.
Workers’ Compensation
Covers medical expenses and lost wages if your employees are injured or become ill on the job.
Employment Practices Liability
Covers legal fees and damages if your business is sued for wrongful termination, discrimination, or other employment-related issues.

In addition to these policies, NJM also offers specialized coverage for industries such as construction, healthcare, and transportation. The company’s experienced underwriters can tailor coverage to meet the specific needs of your business.

Why choose NJM?

Exceptional customer service

NJM prides itself on providing top-notch customer service. The company has a team of experienced agents who can help you navigate the insurance process and find the policies that are right for your business. NJM also has a 24/7 claims center, so you can get the help you need when you need it.

Competitive pricing

NJM’s rates are often lower than those of other insurance providers in the state. This is because the company is a mutual insurer, meaning it is owned by its policyholders rather than shareholders. As a result, NJM is able to return a portion of its profits to its policyholders in the form of dividends.

Financial stability

NJM has an A+ (Superior) rating from A.M. Best, a leading insurance rating agency. This indicates that the company has a strong financial foundation and is well-positioned to meet its obligations to policyholders.

FAQs

How do I get a quote from NJM?

You can get a quote from NJM by visiting the company’s website or contacting a local agent. To get an accurate quote, you’ll need to provide information about your business, such as its size, industry, and location.

What factors affect the cost of commercial insurance?

The cost of commercial insurance depends on a variety of factors, including the size and type of your business, the level of risk you face, and the coverage limits you choose. In general, businesses that operate in high-risk industries or have a history of claims will pay more for insurance than those that operate in low-risk industries or have a clean claims history.

How much coverage do I need?

The amount of coverage your business needs depends on several factors, including your industry, the size of your business, and the level of risk you face. It’s important to work with an experienced insurance agent who can help you determine the appropriate coverage limits for your business.

How do I file a claim with NJM?

If you need to file a claim with NJM, you can do so through the company’s website or by contacting a claims representative directly. You’ll need to provide information about the incident, such as when and where it occurred, and any relevant documentation, such as police reports or medical bills.

Does NJM offer discounts for bundling policies?

Yes, NJM offers discounts for businesses that bundle multiple policies, such as general liability and commercial property insurance. Bundling can help you save money on your premiums and simplify your insurance management.

Conclusion

New Jersey Manufacturer Insurance is a trusted provider of commercial insurance for businesses in the state. With its competitive pricing, exceptional customer service, and broad range of coverage options, NJM is a smart choice for companies looking to protect their assets and manage their risks. Contact NJM today to learn more.

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