PHILADELPHIA — Pennsylvania Lumbermens Mutual Insurance Group (PLM), has launched an insurance product tailored to the unique needs of hardware stores. HardwareXpress was developed to provide fast, convenient, and comprehensive coverage for hardware retailers.
“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,” said John K. Smith, PLM president and CEO. “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 designed for business owners with a single location, up to $3 million in total insurable value, up to $2 million in annual sales, and with four autos or fewer under ownership. Workers’ compensation coverage is placed by Allied Building Material Agency (ABM), PLM’s in-house wholesale brokerage, which works with carrier partners to round out PLM accounts. No pre-inspection of the property is needed. PLM will work with business owners to conduct a virtual inspection within 15 days of binding a policy.
“Our experience across decades has given us the insights we needed to design HardwareXpress with the hardware store owners and customers in mind,” said Matthew Kienholz, directory of Regulatory Compliance at PLM. “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.”