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The NJTC in conjunction with Maloy Risk Services, Hartford, Travelers and Media Professional/Axis Insurance Companies have created multiple product offerings to insure every commercial and property aspect of a technology business.
Hartford has established set rates and endorsements specifically designed for the NJTC Membership for Director’s and Officer’s Liability, Employment Practices Liability and Fiduciary Liability. Travelers using two specifically designed coverage packages for technology companies will provide your Property, General Liability, Worker’s Compensation, Automobile, Umbrella, International and Professional Liability. Their two products are designed for emerging growth companies (Vision Pak) under $15 million in revenue and for more established companies using (TechXpress) which is designed for companies with up to $25 million in revenue. Beyond that revenue range Travelers also provides larger more customized packages. Axis, through Media Professional Liability provides a discount Professional Liability program that gives NJTC members 10% off their lowest rates. In addition to the pricing discount, they have provided automatic coverage for copyright, trademark and unauthorized access coverage. Through their relationship with McDermott & Thomas Associates, Genworth Financial Employee Benefits Group will offer Group Life, Disability, Vision and Dental insurance benefits from its Custom Choice portfolio. Through the NJTC arrangement, member firms can take advantage of preferred pricing, more flexible plan design options and improved underwriting contingencies. For information about these cost saving benefits, contact Dan McGrath at dmcgrath@maloyrs.com, or at (609) 987-7096.
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