NJM Blog

A National Day That SAVES You Money

A National Day That SAVES You Money

Many national days entice Americans to spend money. In June, we’ve observed National Ice Cream Cake Day, National Yo-Yo Day, and National Peanut Butter Cookie Day, all celebrations that ask consumers to reach into their wallets.

In contrast, National Insurance Awareness Day gives you the chance to save money. The day is intended to encourage customers to review their insurance policies every June 28th. Your insurance needs can change during the year and may be due for an upgrade, or perhaps you’re eligible for a new discount!

Are you a business owner? If so, contact your agent or broker to conduct a policy review. Insurance agents are experts in their field and maintain certification to stay up to date on the latest insurance information, endorsements, and regulations.

Benefits of Using an Independent Agent

Insurance agents combine knowledge and experience to identify the appropriate insurance needs for your business. It’s their profession. Independent agents are experts in determining the right amount of coverage at the right cost.

Here are four more reasons why insurance agents add value to your business.

Claims Handling – When filing a claim, your agent can take the lead in working with your insurance company, while you focus on your operations.

One-Stop Shopping – Your insurance agent can work on your behalf to get multiple quotes from different carriers so you can focus on what’s important… your business.

Discounts – Agents communicate with carriers regularly and stay informed of new discount opportunities. Your agent can proactively monitor your policy for any discounts you may be eligible for.

Policy Reviews – Your insurance agent can review your account throughout the life of the policy to ensure you have the coverage you need at the best price.

Some Questions Your Agent Will Help You With During Your Policy Review

  • Is the business profile information in your policy up to date and accurate?

  • Do your coverage limits and deductible amounts make sense when factoring in your current cash flow and assets? (There may be an opportunity to lower your premium!)

  • How much money can you afford to pay out of pocket for medical expenses before the insurance company begins paying if you have an insurance claim?

  • Have you obtained new business assets that require additional coverage?

  • Have your business operations expanded into any new states?

  • Have any loans been paid off?

  • Have your workplace and work vehicles been inspected recently?

  • If you are sued due to an auto or workplace accident, how much insurance do you need?

Don’t forget! June 28 is National Insurance Awareness Day! Talk to your agent about NJM Workers' Compensation and Commercial Auto for your business.

Why Choose NJM:

  1. Customer Care – A comprehensive and seamless approach to claims management.

  2. Loss Prevention Education – Access to online training videos that have been developed to help companies reduce or prevent exposures and potential losses.

  3. Online Access – Online access 24 hours a day, 7 days a week to your history of claims and policy documents through an online portal.

  4. Dedicated Account Representatives – A team of local account representatives dedicated to providing assistance to policyholders by working through an agent or directly with your business.

NJM is a leading commercial insurance company in the Mid-Atlantic region, with a focus on loss prevention and cost savings. We are backed by a financial strength rating of A+ (Superior) by A.M. Best Company, the nation's premier financial services credit rating agency.