Pennsylvania Lumbermens Mutual Insurance Company (PLM) has introduced an insurance package designed specifically for the needs of hardware retailers.
HardwareXpress was created to provide hardware businesses with quick, convenient, and complete coverage.
“With HardwareXpress from PLM, we hope to help our insureds navigate uncertainties with confidence that they have the insurance coverage they need to fit their unique set of risk exposures,” remarked PLM President and CEO John K. Smith. “We are excited to provide this tailored suite of coverage to help protect America’s hardware stores, which are often recognized as the foundation of the woodworking and lumber industry.”
HardwareXpress is intended for business owners who have a single location, up to $3 million in total insurable value, up to $2 million in yearly sales, and four or fewer automobiles under ownership. PLM’s in-house wholesale brokerage, Allied Building Material Agency (ABM), places workers’ compensation coverage with carrier partners to complete out PLM clients. There is no need for a pre-inspection of the property. PLM will collaborate with business owners to conduct a virtual inspection within 15 days of policy binding.
“Our experience across decades has given us the insights we needed to design HardwareXpress with the hardware store owners and customers in mind,” remarked Matthew Kienholz, PLM’s Director of Regulatory Compliance. “This new solution was designed to be quick, easy, and requiring no pre-inspections, providing the comprehensive and carefully curated coverage that our customers have come to expect from us.”
