Life Insurance: New Jersey Manufacturers' Comprehensive Coverage Options

New Jersey Manufacturers, also known as NJM, offers a range of insurance products and services to its customers. While the company provides various insurance options, the availability of life insurance is not explicitly mentioned on their website. NJM was established in 1913 to provide workers' compensation to businesses and has since expanded its offerings to include auto, homeowners, condo, renters, and personal umbrella insurance. They have a strong commitment to customer satisfaction and are known for providing an exceptional auto claims experience. However, it is unclear whether life insurance is among their current offerings. This paragraph introduces the topic and provides relevant background information on NJM, setting the stage for further exploration into the availability of life insurance from the company.

Life insurance for employees and their families

New Jersey Manufacturers (NJM) offers a comprehensive and flexible benefits package to its employees, which includes a range of life insurance options. Basic life insurance is offered to employees, with coverage of up to two times their annual salary (up to a maximum of $50,000) at no charge. This provides peace of mind and financial security for employees' loved ones in the event of their death.

Additionally, NJM offers supplemental life insurance, which allows employees to purchase additional coverage above the basic amount. This is beneficial for those who want to ensure their families have extra financial support or for those with higher income levels. Furthermore, NJM also provides dependent and spousal life insurance options, ensuring that employees can secure coverage for their family members. This extends the financial protection to the employee's spouse and dependent children, offering a safety net in case of any unfortunate events.

The company also offers retiring employees the opportunity to maintain their life insurance policy, demonstrating a commitment to its employees' well-being even after their retirement. This continuation of coverage ensures that retirees can maintain the financial security they have worked hard for throughout their careers. NJM's life insurance benefits are part of their overall healthcare and wellness offerings, which also include medical, prescription, dental, and vision plans.

NJM understands the importance of work-life balance and provides a range of other benefits to support employees and their families. These include paid time off, paid sick leave, an adoption assistance plan, and a tuition assistance plan for those seeking to further their education. By offering a robust benefits package, NJM demonstrates its commitment to the well-being and long-term success of its employees and their families.

Workers' compensation insurance

New Jersey Manufacturers (NJM) Insurance Group offers workers' compensation insurance to business owners in Connecticut, Delaware, Maryland, New Jersey, New York, and Pennsylvania. The company has offered workers' compensation insurance since 1913, with a focus on safety and cost savings for businesses.

NJM's workers' compensation insurance also includes the ProPack Commercial Package Policy, which is designed to give businesses a competitive edge by bundling coverages that meet the needs of mid-sized to large companies. Additionally, they offer the ProEdge Businessowners Policy, which combines property, liability, and industry-specific coverages for small businesses.

NJM has a long history of providing outstanding customer and claims satisfaction. They have been certified by J.D. Power for providing "An Outstanding Auto Claims Experience" to their customers for seven consecutive years. The company is committed to being there for people when they need help the most and prides itself on its dedication to customer satisfaction.

Personal insurance products

New Jersey Manufacturers (NJM) Insurance Group offers a range of personal insurance products to residents of Connecticut, Maryland, New Jersey, Ohio, and Pennsylvania. The company has been in the business of insurance for over a century and is known for its outstanding customer and claims satisfaction.

Auto Insurance

NJM offers auto insurance for classic and collector cars, motorcycles, and ATVs. They also provide flexible mileage plans and coverage for personal rides through partnerships with other companies.

Home Insurance

The company provides homeowners insurance, including protection for primary residences, second homes, and condos. They also offer renters insurance that can be customized according to individual needs.

Umbrella Insurance

NJM's umbrella insurance provides additional liability coverage beyond the limits of standard auto or home insurance policies, ensuring comprehensive protection.

Watercraft Insurance

In partnership with American Modern®, NJM offers property and liability insurance for boats and personal watercraft, giving customers peace of mind when enjoying their time on the water.

Other Personal Insurance Products

NJM also provides insurance for specific needs, such as classic and collector cars, through partnerships or direct writing. They have established themselves as a trusted insurer for generations of customers, adapting their offerings to meet evolving requirements.

Business insurance products

New Jersey Manufacturers (NJM) Insurance Group offers a range of business insurance products to meet the diverse needs of businesses in Connecticut, Delaware, Maryland, New Jersey, New York, and Pennsylvania. Here is an overview of their business insurance offerings:

ProPack Commercial Package Policy (CPP)

The ProPack CPP is a comprehensive insurance solution designed to give businesses a competitive edge. It bundles multiple coverages, including property, liability, and industry-specific coverages, to meet the needs of mid-sized to large businesses. By offering a package policy, NJM simplifies the insurance process for businesses by providing a one-stop-shop for their insurance needs.

ProEdge Businessowners Policy (BOP)

The ProEdge BOP is a business insurance policy tailored for small businesses. It combines property, liability, and industry-specific coverages, ensuring that small businesses have the protection they need. This policy helps small businesses round out their coverage and provides peace of mind.

Commercial Excess and Umbrella Coverage

NJM's Commercial Excess and Umbrella insurance provide an additional layer of protection for businesses. This type of coverage comes into play when the costs of a claim exceed the limits of a business's primary insurance policies. It offers businesses financial protection in the event of unexpected and costly incidents.

Workers' Compensation

NJM has a long history of providing workers' compensation insurance, dating back to its founding in 1913. The company offers this coverage in multiple states, including Connecticut, Delaware, Maryland, New Jersey, New York, and Pennsylvania. NJM's focus is on safety and cost savings for businesses, helping them navigate the complexities of workers' compensation.

Commercial Auto Insurance

Businesses can also turn to NJM for commercial auto insurance. This policy protects businesses' vehicles and drivers, meeting their specific needs and ensuring they are covered in the event of accidents or incidents involving their commercial vehicles.

NJM's business insurance products demonstrate their commitment to serving businesses of all sizes and providing them with the protection they need to thrive. With a range of options, businesses can find tailored solutions to manage their risks effectively.

NJM's history of providing life insurance

New Jersey Manufacturers (NJM) has a long history of providing insurance services, dating back to its founding in 1913. Initially established as the New Jersey Manufacturers Casualty Insurance Company, its creation fulfilled President Woodrow Wilson's campaign pledge to provide injured workers with medical care and partial wage replacement. From its early focus on workers' compensation insurance, NJM has expanded its offerings over the decades to include a range of insurance products for both individuals and businesses.

In its early years, NJM was dedicated to serving the needs of New Jersey's growing business community. The company's commitment to customer satisfaction and claims management set it apart, earning it a national reputation for excellence. By the 1940s, NJM had become the leader in workers' compensation insurance in New Jersey, with its Engineering Department implementing innovations to help customers reduce and avoid accidents in the workplace, thereby lowering their premiums.

Expanding its services, NJM formed a subsidiary in 1921 to provide commercial and personal auto insurance, as well as homeowners coverage. This expansion allowed NJM to serve not only businesses but also the employees of its commercial customers. Over time, NJM continued to diversify its insurance offerings and enhance its services. In the 1960s, for instance, the company established a special investigations unit to combat fraud and exaggerated claims, ensuring fair practices and premiums for honest policyholders.

Today, NJM offers a comprehensive range of insurance products, including auto, homeowners, condo, renters, and personal umbrella insurance. The company has expanded its geographic reach beyond New Jersey, now serving customers in states like Connecticut, Maryland, Ohio, and Pennsylvania. NJM also provides business insurance solutions, including workers' compensation, commercial auto, ProPack Commercial Package Policy, ProEdge Businessowners Policy, and commercial excess and umbrella insurance.

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