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Local Leaders in Commercial Insurance Announce Partnership

New Insurance Discounts Available to NJ Businesses through Preferred Business Partnership

Berkeley Heights, NJ, - (February 19, 2014) – Plymouth Rock Assurance and Franklin Mutual Insurance (FMI) have announced a new partnership offering discounts on commercial insurance for New Jersey businesses. Known as the Preferred Business Partnership, the collaboration between two of the top New Jersey insurance groups provides NJ companies the opportunity for additional savings on business owner policies through FMI and commercial auto insurance through Plymouth Rock.

“FMI has a long history of specializing in commercial insurance, and we’re thrilled to open the next chapter of our relationship with New Jersey businesses by partnering with a like-minded insurer focused on great coverage, service, and savings,” said FMI Vice President Gary Capone. “We’re confident the Preferred Business Partnership will help serve the unique needs of small to mid-size businesses throughout the state.”

FMI business owners policies under the Preferred Business Partnership offer customers the choice of a 10 percent discount on buildings and contents coverage or a 7 percent discount on contents only coverage. Policies also offer “open perils” replacement coverage for buildings and contents, protection against loss of income for up to one year after an insured loss, business liability coverage for protection from claims and lawsuits arising from bodily injury or property damage, coverage for loss of income due to loss of utilities, and coverage for systems breakdown. There are no coinsurance penalties, and credits are offered for renewals, alarms, and sprinklers.

The Plymouth Rock commercial auto insurance portion of the program provides a five percent discount, with additional savings for good driving records and continuous insurance with a current carrier or independent agent for at least three years.

The commercial auto policies also offer deductible-free claims on glass accidents, personal effects coverage, and other coverage options. Plymouth Rock’s Crashbusters® mobile claim service is available to appraise damage at a time and place of the customer’s choosing. In many cases, claim payments can be issued on the spot.

“The Preferred Business Partnership offers much more than a reduced premium on bundled coverage,” said Ed Fernandez, President of the Independent Agent Division at Plymouth Rock. “Together, we’re entirely focused on helping fellow New Jersey businesses succeed by delivering the highest level of convenience and customer care.”

Businesses interested in the Preferred Business Partnership can contact Gary Capone at
973-948-8810 or Jon Knick at 908-752-9320 for more information.

About Franklin Mutual Insurance
Founded in 1879, FMI is one of the oldest and most experienced insurance companies in New Jersey. Despite being one of the largest mutual insurance companies headquartered in New Jersey, FMI offers personal service on commercial lines and personal lines insurance policies.

About Plymouth Rock Assurance
Plymouth Rock Assurance is a marketing name used by a group of separate companies that write and manage property and casualty insurance in multiple states. Insurance in New Jersey is offered by Plymouth Rock Management Company of New Jersey on behalf of Palisades Safety and Insurance Association, Palisades Insurance Company, and their affiliates. Each company is financially responsible only for its own insurance products. Actual coverage is subject to the language of the policies as issued by each company.

Get your free quote online or find a local agent and if you’d like additional information you can visit our contact us page or call 855-993-4470.