Pub. 19 2020-2021 Issue 3

N E W J E R S E Y C O A L I T I O N O F A U T O M O T I V E R E T A I L E R S I S S U E 3 | 2 0 2 0 24 new jersey auto retailer NJ CAR’s Workers’ Compensation Program Can Help Dealers Save Substantial Dollars BY CHARLES RUSSO The NJ CAR Workers’ Compensation Program is focused on serving the risk management and insurance needs of New Jersey’s new car dealerships that are members of NJ CAR. The Coalition has partnered with proven insurance industry experts to bring members the very best workers' compensation program. The NJ CAR program is administered by Gallagher, one of the most well-known, respected and established insur- ance broker and risk management firms in the world, and is insured by AmTrust, a recognized and established multination- al property and casualty insurer that specializes in workers’ compensation coverage for small to mid-size businesses. NJ CAR and its partners created the program knowing that insurance costs, especially workers’ compensation premiums, are a large line item on a dealership’s expense sheet. Having the right coverage response and service is also critical to continued business success. The NJ CAR program offers great coverage, incredible potential savings and exclusive member benefits — all the elements necessary to assist dealers in today’s dynamic and challenging work environment. Here are just a few of the benefits included when you partici- pate in the NJ CAR program: • Broker Friendly — Participating dealers do not have to give up the existing relationship with another insurance profes- sional. • Industry-specific classification rules (reducing premium any- where between 15% to 20%) • Up to 25% in scheduled underwriting credits (based on individ- ual dealer’s loss history) • Collaborative and aggressive claims investigation and cost containment • Zero Injury Protection Program — an industry-proven loss prevention program • Generous dividend program up to 25% — receive an actual check, NOT a future credit