New Jersey Manufacturers Insurance Company began in 1913, founded by factory owners who wanted to purchase insurance from a reliable, local, safety-oriented carrier. The Company has worked steadily ever since to build a reputation for efficiency, integrity and superior service.
NJM writes coverage directly for consumers without the expense of agents' commissions, and operates in a mutual fashion exclusively for policyholders. Approximately $4.9 billion have been paid to policyholders as dividends since 1918.
NJM also has earned a reputation for prompt, fair handling of claims. NJM customarily earns high marks in published surveys, particularly regarding customer and claims service in auto insurance.
NJM exercises stewardship in the use of policyholders' funds, operating with one of the lowest expense levels in the property-casualty insurance industry. Applications for all lines of insurance are carefully underwritten, which is essential to controlling costs for policyholders.
To be eligible to apply for (Workers' Compensation or Commercial Auto Coverage), an employer must be a member of the New Jersey Business & Industry Association (NJBIA). Applicants for Personal Auto or Homeowners insurance must meet membership eligibility criteria.
Additionally, NJM Bank provides an array of financial services while operating with the same Stewardship, Integrity and Service NJM consistently practices.