Markets/Coverages: NJM Introduces Commercial Package Policy in New Jersey

NJM Insurance Group is now writing commercial package policies in New Jersey with policy effective dates beginning July 1, 2022.

The NJM ProPack Commercial Package Policy protects mid-to-large-sized businesses against property and liability risks, including crime, inland marine, and industry-specific coverages. Highlights of the policy include:

• Property extension endorsements to better protect Real Estate, Business Personal Property, and Business Income
• General liability enhancement endorsements for construction, manufacturing, and all other industries
• Optional coverages for equipment breakdown, employment practices liability insurance, professional liability, contractors’ errors & omissions, and cyber insurance

ProPack policyholders who need higher limits of liability protection are eligible to apply for NJM’s Commercial Excess and Umbrella insurance.

“The product launch is the culmination of NJM’s multi-year strategic plan to meet all of the insurance needs of businesses throughout the Mid-Atlantic region,” said Mitch Livingston, NJM president and CEO.

NJM sells workers’ compensation insurance in New Jersey and also offers commercial auto, businessowners and general liability insurance.

The company works with independent agents to offer its business insurance in Connecticut, Delaware, Maryland, New Jersey, New York and Pennsylvania. NJM’s personal insurance products are available direct to consumers in Connecticut, Maryland, New Jersey, Ohio and Pennsylvania.