NJCAIP High Risk Producers provide access to an insurance market for businesses who are not eligible for the NJ voluntary commercial auto insurance marketplace.
Automobile Liability coverages are available in Combined Single Limits (CSL), beginning at 35,000. Increased limits are available for 50,000, 100,000, 300,000, 500,000, 750,000 1,000,000. Federal, State or Municipal laws may require your business to have higher limits and we could discuss these in detail. Higher limts like 1,000,000 & $5,000,000 CSL for buses are be available however, higher limits may require evidence that the limits are required.
Use our NJCAIP State Certified Producers contact form to get quick no obligation help with NJ Commercial Auto-Trucking-Busing Insurance Coverage for your company. Business owners help.
No NJCAIP Certified Producer should bind a risk for NJCAIP or submit an application for insurance if a known current valid NJ Commercial Auto Insurance voluntary market company offers a policy to the applicant.
If you are having trouble with NJ Commercial insurance call the 609-292-7272 or NJ Insurance Consumer Hotline 1-800-446-7467
The trucking, busing or commercial auto insurance coverage/s you need may include:
•Auto liability insurance: Covers your liability risks in the event that you or one of your employed drivers causes an accident. Your commercial auto liability will include bodily injury liability to cover the costs of injuries and medical expenses for the injured party, and property damage liability to cover the costs of property damage in an accident. Your commercial auto liability insurance will typically also cover the costs of legal defense, whether or not your company is found to be at fault in an accident.
•Optional physical damage coverage (Restrictions Apply): Covers the costs of damage to your vehicle from an accident or other incident. This coverage includes both collision coverage to pay for damage from a crash as well as comprehensive coverage to pay for damage from theft, vandalism and other than collision causes.
What is NJ CAIP – NJ Commercial Auto Insurance Plan?
NJCAIP is the state of New Jersey mechanism for eligible Commercially Registered Vehicles in the state of New Jersey that are not insurable immediately in the NJ Voluntary or NJ Preferred Commercial Auto Insurance Markets. Established January 1, 1984 under N.J.S.A. 17:29D-1 and implemented by N.J.A.C. 11:3-1.2, to provide coverage for a commercial automobile risks that are unable to obtain coverage in the voluntary market.
NJCAIP Rates, NJCAIP rules and NJCAIP forms are subject to prior approval by the NJ Insurance Commissioner before being implemented.
All commercial motor vehicles registered or principally garaged in the state of New Jersey are mandated by NJ state law to maintain automobile liability insurance, N.J.S.A. 39:6B et seq. Commercial automobile insurance coverage may be obtained on a voluntary basis or through a licensed NJCAIP Certified producer.
State of New Jersey Commercial automobile voluntary submissions are subject to the Deregulation Act of 1982, N.J.S.A. 17:29AA-1 et seq.
Rate/rule submissions are subject to N.J.S.A. 17:29AA-5 and N.J.A.C. 11:13-8.1, Use and File within 30 days. Form submissions are subject to N.J.S.A. 17:29AA-6, File and Use 30 days prior to use.
Possible New Jersey business types that we have NJCAIP coverage’s readily available, but does not list all of them, just the most requested.
Trucking For Hire- Charter Buses – Car Carriers – Fuel Oil Haulers Gasoline, Diesel & Airplane Fuel Haulers -Ag Haulers (including livestock) – LPG, Butane & Propane Haulers Bulk or Bottled – Dumping Operations – Contractors – Tow Trucks – Caterers – Cement Mixers – Concrete Pumper Trucks – Couriers – Custom Harvesters • Farm to Market Trucking – Farmers – Food Delivery – Grain Haulers – House Movers – Lawn & Tree Service – Logging – Mobile Concessions – Mobile Equipment – Mobile Home Toters – Household Moving Companies – Pulpwood Haulers – Salvage Haulers – Specialized Delivery • Snow Plows – Truckers Contingent Liability (Bobtail or Deadhead) – Waste Oil Haulers – Wholesalers & Manufacturers. NJ Commercial Insurance Coverage’s not available in NJCAIP will have to be placed elsewhere.
ONLY A NJCAIP INSURANCE CERTIFIED PRODUCER AGENT MAY BIND COVERAGE. THE PLAN HAS OVER 100 RULES THAT NEED TO BE FOLLOWED FOR A SUBMITTED APPLICATION TO BE APPROVED. THIS IS NOT AUTHORIZED BY,AFFILIATED WITH, NOR IN ANY WAY RELATED T0 AIPS0 ANY STATE INSURANCE AUTH0RITY,NOR ANY STATE APPROVED ASSIGNED RISK AUT0M0BILE INSURANCE PLAN. CERTAIN NJCAIP POLICIES MAY BE BOUND IMMEDIATELY AND PROCESSED SUBJECT TO NORMAL UNDERWRITING PROCEDURES AS SET FORTH BY THE NJCAIP PLAN MANUAL. POLICIES ARE ISSUED BY COMMERCIAL NJCAIP-LIMITED ASSIGNMENT DISTRIBUTION INSURANCE COMPANIES IN NEW JERSEY (LADS). ONLY A NJCAIP INSURANCE CERTIFIED PRODUCER AGENT MAY BIND COVERAGE.