a black nurse standing next to a black patient sitting in a wheel chair

Medicare Open Enrollment: Tips to Sign Up on Time

Medicare Open Enrollment is an annual event that runs from Sunday, October 15, 2020 through Thursday, December 7, 2020, where anyone can add a Medicare health insurance plan in their life.

However, not everyone can qualify for this enrollment. Anyone looking to apply for Medicare must be turning 65 years in the next three months, or they're 65, or they just turned 65 years in the last three months.

This open enrollment aims to help the existing users re-evaluate and compare their Medicare coverage plan against others in the market.

Equip yourself with all the knowledge about Medicare, and by doing so, you'll finally get the Medicare benefits you deserve. So, here is all you need to know about the upcoming Medicare Open Enrollment.

What Comprises Medicare?

Medicare Part A: Here, you're required to acquire hospital insurance covering all your inpatient matters. This includes a short period of hospital stay and can pay for some of your healthcare bills.

Medicare Part B: In this case, you should obtain medical insurance responsible for any services you receive from doctors or any other medical practitioners.

This plan covers some services that include preventative services, durable medical equipment, home health care, and outpatient services.

Medigap: This category acts as a supplemental policy that covers your medical bill to a certain amount, then you top up the rest.

Medicare Advantage Plan: This plan brings together all the benefits enjoyed in Part A and Part B. Before, this plan was called Part C. Services received in this category include paying for prescription drugs and other extra services like hearing, dental, and vision.

Medicare Part D: This plan is purely for covering your prescription drugs' amount.

Note that anyone 65 years old or above can qualify for Part A of the Medicare plan. Plus, they must have been paying for medical insurance for quite some time.

Additionally, if you want to be eligible for Medicare Part B, you should enroll for insurance coverage, whereby you'll be required to pay a monthly premium.

Who Needs Medicare

Apart from individuals aged 65 and above, other groups of people can benefit from this Medicare Open Enrollment.

For instance, anyone with disabilities and those experiencing renal diseases have been diagnosed with permanent kidney failure and require a transplant.

Besides, disabled groups are entitled to secure Social Security or Railroad Retirement Board disability benefits for no less than 24 months.

Key Factors to Note

Having health insurance doesn't limit you from enrolling for Medicare coverage. Also, you don't have to wait until you're 65 years of age to apply for Medicare.

You can sign up for Medicare Part A, which doesn't require you to pay for its premium, plus enrolling into the system now gives you a better chance when you're ready to sign up for Part B.

You need to also keep in mind that if you're eligible to apply for Medicare, you should do so during the set time; otherwise, you risk having to pay a fine. However, if it's not possible for you to apply during that period, here is what will happen:

Late enrollment penalty: If you're always late to enroll for Part B, you'll be incurring a 10 percent increment in your Part B premium amount.

But if you have health insurance that can allow you to delay enrolling in Part B, then you're sorted. The longer you take to pay Part B premium, the higher the penalty you’re expected to incur.

Special enrollment period: In case you're over 65 years, and you have been using health insurance, but suddenly you retire or get laid, and you can't pay for it anymore, you can apply for Medicare.

Such a scenario triggers a special enrollment period (SEP) where it's allowed for you to sign up for Medicare without incurring a penalty.

In addition to that, if you're moving to a different region, you automatically qualify for SEP, and you should make the changes as soon as they open for enrollment.

Common Mistakes That Will Cost You More

Not going through numerous Part D plan options: If you have been using the same Part D drug plan, it's understandable if you choose to stick to it for years.

However, chances are you're missing out on other better options from other insurance companies.

Review several plans, and you might land one that is cost-effective and worth your time. Plus, medical needs change with time, and it's only fair if you change your plan with them.

Not checking if the terms of your plan changed: By September, you should have received the annual notice for any changes in your Part D plan.

The notice should clearly state the changes that will be implemented in the following year. Ensure you’ve checked the details of the notice to see if you'll be affected in any way.

Almost every year, the drug plan formularies change, and depending on the group you're placed in, it will determine the amount you will pay. Basically, the higher the group tier you're in, the higher the amount of money you’re expected to pay.

Forgetting to separate your Part D plan from that of your spouse: Obviously, it sounds perfect for acquiring the same Part D plan as your spouse since you're considering things like copays and similar rules.

But, you might not have the same health issues as your spouse, and splitting the coverage can end up being less expensive.

Final Thoughts

The Medicare Open Enrollment provides an opportunity to have a healthcare plan at a cost-effective rate. You can plan to switch from one plan to another during that time and still receive its full benefits.

Generally, you should thoroughly review your existing Medicare plan, and in case you're dissatisfied, it's time you make the changes during the open enrollment period. Otherwise, go for a plan that suits all of your medical needs.


cyber insurance displayed on a tablet

What is Cyber Liability Insurance & What Does it Cover?

There is no denying that the risk of a data breach is very real. In fact, the World Economic Forum cited cyberattacks as one of the five biggest risks to global stability in 2019.

Also, according to Statista, 4.1 billion records were exposed in the first six months of last year. When you take this into consideration, it is not difficult to see why cybersecurity is something that all businesses need to be thinking about at the moment.

With that in mind, we’re going to take an in-depth look at cyber liability insurance so that you can get a better understanding of what it covers and how it can benefit your business.

What is Cyber Liability Insurance and Who Needs it?

Cyber liability insurance helps your business to respond should you be the victim of a data breach or a cyberattack.

If your computer systems or network have been hacked into or one of your employees has accidentally opened a virus, for instance, cyber liability insurance can make a monumental difference.

This is something that all businesses can benefit from, as no company is immune to the threat of a data breach.

What Does Cyber Liability Insurance Cover?

There are several different issues that are covered by cyber liability insurance. This includes the following:

Network Security

Most companies will require network security coverage, including those subject to privacy and information risk. This type of cyber insurance will ensure your business is covered should you experience any failure within the security of your network.

This does not only include data breaches but also business email compromise, ransomware, cyber extortion demands, malware infections, and data breaches. By having this coverage in place, you will be covered for any of the expenses that are directly related to the network security incident.

This includes credit monitoring and identity restoration, public relations expertise, setting up a call center to deal with the issue, notifying your customers of the breach, restoring data, negotiation and payment of the ransomware demand, IT forensics, and legal costs.

Omissions and Errors

If a cyber event has stopped you from delivering services to your consumers and fulfilling the obligations of your contract, you could be covered if this is included in your cyber liability policy.

Errors and omissions will cover any claim that comes about because of a failure to deliver your services or mistakes made regarding the performance of your company.

This can cover a huge scope of services. For example, you have the more conventional services, such as engineers, doctors, and lawyers. You also have technology services that can be impacted as a consequence of a breach, like consulting and software.

With omissions and errors, allegations of contract breaches or negligence or covered should any of these issues occur.

This means your legal defense expenses will be covered, or any indemnification that has arisen because of a dispute or lawsuit with one of your business’ customers.

Media Liability

This area of protection provides coverage for any infringement of your intellectual property that has happened as a consequence of marketing your services. The only exception is patent infringement.

This tends to apply to both online and offline marketing. This means everything from your printed advertising efforts, such as marketing brochures, to your social media posts will be covered.

Network Business Interruption

The cyber liability insurance policies of today can also include network business interruption. Determining whether or not you need to include this in your plan depends on how much your business relies on technology.

We know that most companies today have a high reliance on technology, which is why this feature is so pivotal for many. Network business interruption is an ideal solution for any business that is going to face and operational risk as a consequence of a data breach.

If the network provider you use or your own network goes down because of an incident, you will be able to recover the extra costs, fixed expenses, and profits that you have lost because of this.

This includes any losses caused by either system failure or security failures. System failures include a human error or failed software patches, for instance, whereas a third-party hack is an example of a security failure.

Privacy Liability

Finally, we have privacy liability, which is another type of insurance plan that is going to be critical for most businesses, especially those that have privacy or information risk.

Employee and customer details can be sensitive, and when such data is exposed via a breach it can be damaging on many levels.

Of course, it puts all the individuals whose data has been exposed at risk. However, it also puts your business at risk of liability as well.

Therefore, by incorporating privacy liability into your cyber liability insurance coverage you can make certain that your business will be protected from any of the liabilities that happen because of privacy law violations or a cyber breach.

There are several third-party expenses that can result. This includes liabilities needed within your contractual obligations and any liabilities that laws and governments enforce.

For example, you may find yourself in a position whereby you need to fund legal aid to protect your business from federal penalties.

In Closing

So there you have it: an insight into cyber liability insurance and the different areas that are covered.

There is no denying that this form of insurance is essential for all businesses in the current day and age, especially when you consider how real the threat of a data breach is.

Nevertheless, do not allow this urgent need to rush you into a decision when choosing a policy. Simply going for the first or cheapest plan you lay your eyes on is not advisable.

You need to make sure that the policy is right for you, so please do not hesitate to get in touch with us for more information.


a yellow sign in an open area that says open enrollment ahead

Small Business Health Insurance & Open Enrollment in NJ

In any small business, your employees will be your greatest asset, particularly if you want to be successful. Health insurance is, therefore, critical for recruiting and retaining employees.

While compensation is always an attractive and reassuring factor to many, in today's self-reflective world where self-care, health, and general physical and mental well-being are becoming increasingly important, curating a culture of care within the workplace is essential.

Continue reading this article for more on small business health insurance and open enrollment in New Jersey.

The Basics of Health Insurance

Small business health insurance gives your employees the peace of mind that they are being taken care of, keeping them healthier and informed while maintaining employee satisfaction, loyalty, and overall productivity.

It can also help you to attract better candidates during recruitment stages, thanks to potential talent knowing that they will be looked after- an attractive attribute in any business.

Having an excellent health insurance and benefits package will set you aside from your competitors and help you retain your industry's top talent in an increasingly cut-throat climate.

Now that we have established that healthy employees equate to a healthy business, it is essential to do some research as a small business owner. This enables you to take your time to find the coverage that makes the most sense for you as an owner, your business, and your employees.

While the research and actual buying process can sometimes seem long, tedious, and intimidating (particularly when making comparisons), the benefits outweigh any negatives, making it a worthwhile and ultimately beneficial process.

When you own a business, whether it be big or small, there are certain laws that must be adhered to.

For small businesses, health insurance is based on the number of full-time workers currently employed, and to be eligible for business health insurance; all you need is one full-time employee on your payroll.

If you employ 50 or less people full-time, you don't legally have to purchase coverage. However, once your total of employees reaches 51 or more, you are obliged to offer health care insurance and coverage to all full-time members of staff.

Types of Small Business Health Insurance

Small-group insurance has been the traditional option for many small businesses looking to offer health insurance benefits to their employees; however, this isn't the only option.

With three main options to pick from, your decision should be based on what works best for you as a business owner, as well as taking your business set-up into consideration.

Small Group Insurance

The most popular of the three options available, it is geared towards businesses that employ less than 50 full staff members and is purchased directly by employers before offering it to their staff.

In fact, all you need to qualify is one employee, but as it is group insurance, it cannot be purchased by individuals and generally requires around 70% participation to be valid.

The cost of the plan is then shared by all those within the group, including the employees as well as the employer.

Small group insurance members then typically receive the insurance at a lower cost as the insurer's risk is diluted across a group of policyholders, and the group is generally made up of the business employees.

You can sign up for this type of insurance whenever you want, and there is no open enrollment period, meaning that you can enroll at any time of the year as long as you qualify.

It can also be bought directly from most insurance companies, brokers or private exchanges, and once a plan is chosen, the entire group gets the option to accept the coverage or decline it.

HRA

A Health Reimbursement Arrangement (HRA) is a tax-advantaged, affordable alternative to traditional insurance with benefits that include budget control, tax efficiency, and flexible plan design.

As it is an arrangement, as opposed to a conventional account, this coverage option uses reimbursements instead. This means that staff members will pay their medical office or insurance company upfront, and then later submit a claim to get their expenses reimbursed tax-free.

The structure itself is simple, with the employer deciding how much they want to contribute to the arrangement each month.

Once agreed upon, they will provide their staff with information on how the reimbursement arrangement works, and the employees then choose a plan that they feel works best for them.

With HRA, employees also don't have to recognize income taxes, and reimbursements can be made by employers needing to pay payroll tax.

HRA's are flexible, meaning that you can sign up for one at any time, and employees can sign up for their plans without waiting for open enrollments when the HRA is new.

Self-Funded

This is when self-insured employers pay for claims themselves, and are also known as self-insured plans.

An option typically used by large corporations, it can also be used by small business owners to control their healthcare spending and, therefore, save on costs. The employer sets up the special fund and sets aside a chosen amount of money to pay out later should an employee make a health claim.

Benefits include a more adaptable and customizable plan for employees, no pre-funding of health coverage, and an exemption from state health insurance premium taxes.

A self-funded plan is also more affordable than its traditional counterpart, and there are fewer regulations, allowing small business owners to customize the plans to their unique needs and requirements as a business.

However, self-funded plans come with higher risks because the responsibility is placed solely on the business for paying out the claims. This means that if a major claim was to be filed, the company could leave themselves open to potential bankruptcy and financial ruin.

Open Enrollment

Employees have the option to change their health insurance plans and medical coverage every year during what is commonly referred to as the open enrollment period.

For small business owners, open enrollment lasts for the duration of one to two weeks and is generally a month before the renewal date of the current policy. Employees can make inquiries regarding other health insurance plans, receive materials, and, upon making a decision, enroll.

Staff members can also sign up for new offerings and add, change or drop dependents during this time, with this new coverage usually lasting for a full year, starting and finishing on a specified date.

To learn more about small business health insurance, contact us today.


General vs. Professional Liability Insurance in NJ

There are several different insurance policies that you can take out as a business owner. General liability and professional liability are two of the most popular policies – they both offer a wide range of coverage, helping to protect businesses from an array of different lawsuits.

A lot of business owners get confused between general vs. professional liability in NJ. In fact, some business owners assume that they are the same thing. This isn’t the case – while general and professional liability have their similarities, the coverage offered by each scheme is very different.

Below is an outline of the two schemes offered by us at Central Jersey Insurance Associates and the differences between them, so you can pick the right insurance type for your business.

What is General Liability Insurance?

Most businesses can benefit from taking out general liability insurance. This type of insurance can protect you against lawsuits that may arise because of injury or damage to property, as well as protecting against advertising injuries.

It is often necessary for construction companies and tradesmen to have this insurance scheme in place as there is a higher risk of injuries and property damage.

That said, such accidents can still occur in many other types of businesses – injuries can still commonly occur in offices, shops, restaurants, factories and clinics.

Advertising ‘injuries’ are also possible in many lines of work. A few examples of advertising injuries include slander, misappropriation and copyright infringement. Even when marketing your company honestly and transparently, such accidents can still occur.

What Does General Liability Cover?

Some incidents covered by general liability include:

  • Physical injury to employees and visitors
  • Property damage
  • Advertising injuries

What is Professional Liability Insurance?

Professional liability insurance is beneficial to any company that provides a professional service. This type of insurance tends to cover acts of negligence such as failing to complete work, failing to keep up contractual promises or making mistakes and omissions.

Professionals that can benefit the most from this type of insurance include architects, engineers, lawyers, doctors, accountants, realtors and IT technicians.

Other businesses, however, can still benefit from this insurance – construction companies and tradesmen can still fall trap to lawsuits as a result of not completing work or failing to carry out promises in a contract.

Professional liability insurance is sometimes referred to as ‘errors and omissions insurance’ or ‘malpractice insurance’, although these are tailored to specialist types of businesses (for instance, malpractice insurance schemes tend to be targeted largely at medical and legal professionals).

What Does Professional Liability Cover?

Some incidents covered by professional liability include:

  • Failure to meet contractual promises
  • Failure to complete work adequately
  • General mistakes and omissions

What are the Main Differences Between General Liability vs. Professional Liability in NJ?

General liability and professional liability can benefit businesses of all sizes and both cover unavoidable liabilities. However, the coverage offered by each scheme is different.

Some of the main differences are outlined below:

  • General liability covers largely physical damage, professional liability covers largely financial damage.
  • General liability covers accidents in which an employee, customer or third party feels that they have received physical damage in some form – this could include bodily damage, property damage or damage to their brand/reputation.
  • Professional liability tends to cover lawsuits that arise from customers feeling that they have been shortchanged in some way – usually as a result of the service they paid for not being properly delivered.
  • General liability tends to cover incidents that are directly your fault, professional liability covers incidents that may not be your fault. Lawsuits involving physical damage tend to be easier to prove.

Although you may still receive a false personal injury claim, defending yourself is easier in these cases.

Lawsuits involving financial damage are sometimes harder to prove – a customer may feel that they have not received the service they paid for, even if you believe that everything was up to spec. Professional liability will still pay out compensation for these claims, whether or not you are at fault.

Which Type of Insurance is Right for Me?

Most businesses can benefit from both types of insurance. By taking out both schemes, you can be guaranteed comprehensive coverage against most types of lawsuits.

Of course, if you’re a small business on a budget, you may decide that it’s best to take out one of these schemes for now. To help you choose the most appropriate coverage, here are a few questions that you may want to ask yourself.

What are the Main Risks My Business Faces?

If there’s a greater risk of physical damage than financial damage, general liability is likely to be more suitable. Tradesmen, for instance, can almost always benefit from this type of insurance.

Meanwhile, if there’s a greater risk of financial damage than physical damage, professional liability may be more suitable. Professional advisors, for instance, tend to be more exposed to this risk and should therefore consider this coverage.

Which Type of Insurance Do My Clients Expect Me to Have?

In some cases, clients and contractors may be less inclined to work with you unless you can prove that you carry a certain type of insurance. For instance, when working with a construction company, many people may want to know that the company they are hiring has general liability.

Some clients may similarly refuse to work with professional advisors unless they can show proof that they carry professional liability insurance.

Why Get Coverage From Us?

Whether you choose general liability or professional liability, we can help you get the best coverage.

We serve many small businesses across New Jersey, helping to offer protection from costly lawsuits that many businesses might not otherwise be able to afford. With lawsuits against businesses on the rise, it’s important to have the right defense.

Now you know the main differences between general vs. professional liability in NJ. Don’t hesitate to contact us today - we’ll provide you with a quote and get you the coverage that you need.


Who Needs a Medicare Health Insurance Plan?

When it comes to medical insurance and Medicare, it is easy to get confused with what you need and what you don’t. Medicare is the USA’s national health insurance plan that covers some specific age groups and demographics.

Medicare health insurance plans can help with the cost of your health care; however, it is important to know that it doesn’t cover all of your medical expenses, and it doesn’t cover long-term care, either.

You Have Options

You can choose to have original Medicare, Part A and Part B coverage, or you can purchase and Medicare supplement insurance from a private insurance company.

Components of Medicare

Your Social Security will already enroll you in original Medicare, Part A, and Part B. But you must understand what both parts entail.

  • Medicare Part A is hospital insurance. This will help pay for any of your inpatient care in a hospital or for a very limited time at a skilled nursing facility. This must be following a hospital stay. Part A also pays for some healthcare.
  • Medicare Part B, or medical insurance, will help pay for the services if you receive from doctors and a range of other healthcare providers. This includes home health care, durable medical equipment, preventative services, and outpatient care.

Some parts of Medicare are run out by private insurance companies, and these will follow the rules set by Medicare.

  • Medigap, which is supplemental policies will help pay Medicare out of pocket co-payment, deductible expenses, and other insurance.
  • Medicare advantage plan, which used to be known as part C, includes all benefits and services covered in Part A and Part B. This covers prescription drugs and additional benefits such as hearing, dental, and vision. These are all bundled together in one plan.
  • Medicare Part D, known as Medicare prescription drug coverage, helps cover your prescription drugs' cost.

Most people aged 65 or older are typically eligible for free medical hospital insurance; this is Part A. This counts if they have worked and paid for Medicare taxes for long enough. You can enroll in Medicare medical insurance as described above, also known as Part B, by paying a monthly premium.

If you are in a higher income tax bracket, you might pay a higher monthly party premium. It is important to read about Medicare premiums and the rules of higher-income beneficiaries.

Who Can Get Medicare?

Generally, a Medicare health insurance plan is available for people aged 65 and older. Younger people with disabilities and people with any stage of renal disease have to be permanent kidney failure requiring dialysis for transplant.

For Part A, if you are 65 older and you or your spouse worked and paid Medicare taxes for 10 years, you are eligible.

You can get Part A at 65 without paying premiums if the following criteria apply to you.

  • You are receiving retirement benefits from Social Security, or a Railroad Retirement Board
  • You or your spouse had Medicare government employment
  • You are eligible to receive Social Security or Rail benefits, but you have not filed for them

If you or your spouse happens to not pay and you’re aged 65 or older, and a permanent resident or citizen of the United States if you might be able to purchase the Medicare Part B.

If the following criteria applied to you.

  • You are on kidney dialysis or a kidney transplant patient
  • You are entitled to secure Social Security or Railroad Retirement Board disability benefit for at least 24 months. If you have Lou Gehrig’s disease, your Medicare benefits start the same month you get disability benefits.

Most people don’t have to pay a premium for Part A, everyone must pay for Part B if they want it. Its monthly premium is easily deducted from your Social Security, civil servant retirement cheque, or rather the time it.

If you do not get any of these payments, Medicare will send you a bill for Part B of your premium every three months.

What is a Special Enrollment Period?

If you have medical insurance coverage and a great health plan based on your spouse's or your current employment, you most likely do not need to apply for Medicare Part B at age 65.

You and your spouse might qualify for a special enrolment period, SEP. That will let you sign up for Part B doing the following criteria.

The eight months begin with a month after your grip health plan current coverage for your employment is based on ends. This will be whichever one comes first.

Any month that you remain covered under your group health plan and you continue to be employed.

Do I Need to Sign Up for Medical Insurance Part B?

Because you must pay a premium for Part B Medicare coverage, it was possible to turn this down.

If you do choose not to enroll in Medicare and then later decide to do so, you’re covered even most likely to be delayed, and you might have to pay a higher monthly premium.

Your premium will go up by 10% for each of the 12 months you are eligible for Part B that you did not sign up. This is unless you qualify for the SEP, it is a special enrolment period for Medicare.

Medicare Cards

Your medical care card has a Medicare number unique to you.

You will get this once you applied for your medical card. If you did not receive your red white and blue Medicare card, there might be something that needs to be updated on your current contact details. Example your mailing address.

You can update your mailing address by signing in or creating a personal my Social Security account online.

Medicare, the centers for Medicare and Medicaid Services CMS, manage Medicare. They will send you a welcome to the Medicare package in the mail. This will include your Medicare card.

Along with your Medicare card, you will also receive a Medicare handbook; this will give you all the important information about your Medicare health insurance plan choices.


Tropical Storm Isaias: Filing an Insurance Claim

Today, many of you were hit by Tropical Storm Isaias, and some of you have been left without power and potential property damage.

If you’ve experienced property damage, we want to provide you with what to do next. See below:

  • Contact your carrier
  • Document everything with pictures and video
  • Make necessary repairs to reduce further damage

While you are doing this, please make sure you are doing so safely. If you have minor damages, are not sure if you should call your carrier or still have questions, you can always contact us by:

We are here to help, so please stay safe and take care!


a doctor and nurse team meeting with a female patient

What to Know about Insurance for Physicians in New Jersey

Physicians, doctors and other medical personnel who own their own practices or clinics know all too well that it’s a fine line to straddle between being a caregiver and a business owner.

It’s a unique situation to be in; your number one priority is naturally your patients, and giving them the very best in care. Yet, you are running a business, and as such, you have to look after that business.

You have to pay attention to details such as ensuring bills are paid, that staff is looked after, that expenses are being met and that you’re protected in the case of any situation arising.

One of the most important things for a physician who owns a practice or clinic to protect themselves (and their business) is a medical insurance policy.

Insurance for physicians in New Jersey (and elsewhere) is easy enough to obtain, and you’ll find plenty of plans available to you. But which one to choose?

The best thing to do when choosing a medical insurance plan for your practice is to look at what you need to get out of an insurance plan - what types of protection are most important for you and your staff?

We’ve listed a few different types of physician’s insurance below.

Professional Liability Insurance

It might not be fun to think about, but any physician who owns a clinic or practice should have this in place. Professional liability insurance, sometimes referred to as malpractice insurance, protects you in the instance that you’re sued by a patient for negligence, malpractice, or harm.

This type of insurance for physicians in NJ includes several different types within that umbrella, so you should take the time to do your research and determine which one is right for you.

These include individual and group policies from traditional private insurers, individual or group policies provided by a medical risk retention group, as well as coverage provided by an employer, such as a hospital (if you own your own practice, this will likely not apply to you).

Professional liability insurance/medical malpractice insurance will take care of costs associated with lawsuits and legal issues, including your legal defense, settlements, lawyer fees, and more.

Many smaller practices would go completely under if they had to pay these out of pocket, so having this plan in place is incredibly important.

Property Insurance

Every business owner should retain property insurance to protect his building and the property contained within.

Property insurance plans will help protect against things like natural disasters, accidents, and more, so that your clinic or practice and all the expensive medical equipment, supplies and so on, can be replaced.

Most clinics have very costly and elaborate medical equipment and without a property insurance plan, you could be on the line to replace it all. Property insurance is a must for any business owner, but especially one in the medical field.

Workers' Compensation Insurance

Naturally, your staff works hard to ensure that safety precautions are always taken on the job.

You’re all healthcare professionals, after all. But accidents happen and in the case that one of your nurses or other staff are injured on the job, you should have a workers' compensation plan in place to protect them (and you).

Workers' comp pays for medical bills, treatment and even lost wages for the injured employee, so they can recover comfortably without worrying about costly medical bills.

In the case of death, workers' compensation will pay out a settlement to the employee’s family.

Workers' comp offers a level of protection and peace of mind to valued staff, who know they’ll be taken care of if they get hurt. This also protects you, the employer, from having to pay out on these bills yourself.

A different but somewhat-related type of insurance is Practice Overhead Insurance. Practice overhead insurance for Physicians in NJ isn’t as commonly known, but it offers great protection for you if you need to step away from your clinic or practice for a short period of time, usually because of a disability or illness.

Practice overhead insurance will cover utility costs, rent/practice payments, payroll, taxes and other related business costs so your staff can keep the clinic running in your absence.

Auto Insurance

Most people don’t automatically think of auto insurance as being part of a business insurance plan.

If you use your vehicle for business purposes - such as driving to the hospital for consultations, traveling to purchase medical supplies or medications, making house calls, or even just commuting to and from work - you can put your vehicle under your business medical insurance policy.

Often you’ll find that you qualify for discounts when you do this, and your vehicle will be protected if you get in an accident, experience theft or damages, and more.

Life Insurance

In some policies, life insurance can help protect your business and livelihood in the event of your untimely passing.

If you wish your practice to continue on, your life insurance policy can provide loved ones/inheritors with a nest egg to help keep the business going.

Individual Health Insurance

Undoubtedly, you’d like to provide your valued staff (and yourself) with a great health insurance plan that includes all the benefits they need for affordable premiums.

It goes without saying that as a healthcare provider, you want your staff to have the very best in healthcare. There are great group plans out there that include vision and dental plans, disability insurance, and more; and don’t have expensive co-pays or deductibles.

It’s worth taking the time to look around, compare quotes and find the very best group health plan for your entire team.

These are just a handful of the many types of physicians insurance/medical insurance plans you may be interested in. With some luck, you may be able to find a comprehensive and affordable plan that consists of several or even all of these types of insurance.

Definitely take the time to determine which insurance policies for physicians in NJ are best to protect your clinic or practice, your experienced staff, and of course, yourself. If you’re in the New Jersey area, contact Central Jersey Insurance Associates to find out more.


Coronavirus return to work resources bundle graphic

Coronavirus Return To Work Resources Bundle

As states begin to loosen restrictions and many businesses and individuals are getting back to work, or are at least planning to do so in the coming weeks, we wanted to make sure everyone is prepared as possible.

With that in mind, we compiled a bundle of re-opening information to benefit general workplaces, as well as several industry-specific resources for businesses in retail, hospitality, manufacturing, healthcare and more.

You can download the entire bundle here. For information on each individual resource, continue reading below.

General Workplace Guidance

Fisher Phillips LLP: 5 Steps to Reopen Your Workplace

Fisher Phillips, LLP, has compiled a list of five steps to reopen your workplace, according to the CDC's latest guidance.

OSHA: Guidance on Preparing Workplaces for COVID-19

This detailed packet from the Occupational Safety and Health Administration (OSHA), contains recommendations as well as descriptions of mandatory workplace safety and health standards.

CDC: Guidance for Cleaning & Disinfecting

An overview from the Centers for Disease Control and Prevention (CDC) on general guidelines for cleaning and disinfecting public spaces, workplaces, businesses, schools and homes.

CDC: Devising a Cleaning & Disinfecting Plan

A more thorough version of the above CDC guidelines, with details on developing, implementing, maintaining and revising your plan.

CDC: Reopening Workplaces During the COVID-19 Pandemic

Questions to ask yourself as an employer when deciding if you should return to work and to help protect workers, especially those at high risk of illness.

Vehicle Cleanliness

Wheels, Inc.: Vehicle Cleanliness Tips

Vehicle cleanliness tips from Wheels, Inc., a large, privately-held automotive fleet leasing and management company.

Industry-Specific Resources

Along with the general business resources above, we've compiled several industry-specific resources and guides. Check them out at the links below.

Retail Stores

OSHA: COVID-19 Guidance for Retail Workers

In this OSHA alert, retail employers can find tips can help reduce their employees’ risk of exposure to the coronavirus.

Hospitality & Hotels

American Hotel & Lodging Association: Hotel Cleaning Standards

The American Hotel & Lodging Association (AHLA) has published a guide with the latest enhanced industry-wise hotel cleaning standards in response to COVID-19 to keep employees and guests safe.

Manufacturing & Factories

OSHA: COVID-19 Guidance for the Manufacturing Industry Workforce

For employers and workers in the manufacturing industry, the following tips from OSHA can help reduce the risk of exposure and illness.

Construction & Contractors

JE Dunn Construction: Safety Slide Deck

This template from JE Dunn Construction Group highlights what their own personnel will be doing in their general approach to COVID safety and preparedness.

OSHA: COVID-19 Guidance for the Construction Workforce

When working in the construction industry, these tips can help reduce the risk of exposure to Coronavirus.

NFPA: Construction Site Safety During Emergencies

Buildings under construction, alteration or demolition are facing new challenges. Here's how owners can safely prepare, execute efforts and minimize risk.

NFPA: Guidance for Maintaining Fire Protection & Life Safety Systems

This guide from the National Fire Protection Association (NFPA) highlights how to maintain fire protection and life safety systems in both occupied and vacant residential and commercial properties.

Healthcare & Medical

CDC: Get Your Clinic Ready for COVID-19

Here are 10 precautions you can take before, during and after seeing patients in a medical practice.

CDC: Medical Office Preparedness Planner - Primary Care Providers

From the CDC, this tool provides thorough preparedness planning resources for primary care provider medical offices.

NJ Office of the Attorney General: COVID-19 Advisory for Dental Professionals

The New Jersey Office of the Attorney General Division of Consumer Affairs (State Board of Dentistry) published a COVID-19 advisory for NJ dental professionals.

Golf Courses

We Are Golf - Back2Golf

To return the game of golf responsibly, allied organizations have established “Back2Golf,” a plan outlining operational guidelines for the golf’s 16,000-plus golf facilities that adhere to nationally established protocols and best practices.

USGA: COVID-19 Golf Course Care

The United States Golf Association (USGA) has created this resource page to provide useful information for everyone within the golf community on how to play and manage the game safely.


Essential considerations for returning to work webinar graphic

Essential Considerations for Returning to Work - Video & PDF

Webinar Summary:

Recently, Governor Murphy sketched out the benchmarks New Jersey will have to reach before the COVID-19 lockdown can be lifted. The stay at home order will remain in place until further notice, but the Governor said he expects the timeline for reopening to be measured in weeks, not months.

Returning to work will bring new legal and practical challenges for employers in all industries. The New Jersey Agents Alliance and its Member Agencies are pleased to invite you to a complimentary webinar by Clark Hill and HR/Advantage Advisory Services and hope that you will join us for an engaging discussion on the following topics:

  • Safely returning your employees to the workforce
  • Relevant federal and state guidance
  • Best practices for dealing with vulnerable workers, refusal/reluctance to work, and employee anxiety
  • COVID-19 positive workers and claims of workplace exposure
  • Why it’s important to formulate your workplace policies now
  • How we can help

Please share any questions that you may have about your returning workforce when you register.


Two white males in a fender bender

How You Can Find Affordable Car Insurance in NJ

Having car insurance is mandatory in most states. The same applies to New Jersey, and if you are planning to drive in New Jersey, you will be required to carry the least level of liability coverage.

If you are looking for affordable car insurance in NJ, you need to exercise some patience. Car insurance rates differ from one company to the other; therefore, it is wise to compare quotes from various insurance agencies instead of settling for the first price you get.

But first, you need to know some of the ways to get the cheapest car insurance rates.

The Basic Types of Affordable Car Insurance in NJ

If you are shopping for car insurance, you will probably need to understand the common types of car insurance. There are three main types of car insurance coverage, namely;

Liability Insurance

This type of coverage pays for injuries and deaths caused to third-parties. Also, it pays for any other damage to other people’s property due to a car accident that you caused.

Car liability insurance is mandatory in New Jersey, and drivers are required to buy at least the minimum amount of liability coverage that has been set by the state laws to protect them.

There are two other components under the liability insurance, these are the bodily injury liability, which helps pay for costs related to another person's injuries if the accident was your fault, and the property injury liability, which helps you pay for the damage you caused to another person’s property.

Collision Insurance

This type of car insurance pays for your vehicle's damage after an accident, no matter whose fault it is. Collision insurance coverage helps pay to replace or repair your car if it has been in an accident with another car or objects such as trees.

Additionally, this type of insurance will cover you when your car has been in a single-car accident that involved rolling or falling over. However, this coverage has a deductible, which you are supposed to pay before the cover can kick in.

You have the liberty of choosing the amount of collision deductible you want to pay when purchasing your coverage. Collision coverage has limits, which in most cases, is the value of the car. The limit is the maximum amount of money the insurance company will pay towards a covered claim.

Comprehensive Car Insurance

Comprehensive insurance helps pay for damages incurred due to theft, vandalism, and damage by natural disasters. The coverage paid is deductible, and is the amount you will pay out of your pocket before the insurer repays you for a covered claim.

This type of car insurance coverage is usually an optional coverage, but if you’re going to lease or pay off your vehicle, your lender might need it. Other types of car insurance coverage include;

  • Gap coverage
  • Classic car insurance
  • New car replacement coverage
  • Towing and labor cost coverage
  • Uninsured motorist coverage
  • Medical payments
  • Glass breakage
  • Rental

How to Find the Best Car Insurance Coverage

Accidents can happen any time, and when they do, insurance is what keeps your finances safe.

Regardless of whether the accident was your fault, your car insurance should be able to assist you. But in order to protect yourself without paying too much, you need to consider some factors that will help you choose the right coverage for your car.

Additionally, you should know how to choose a good insurance company that will have the ability to handle your claims. Although the process can be confusing, the following steps will make it easy.

Personal Liability and Personal Injury

When shopping for car insurance, always put the safety of your loved ones first. You should prioritize personal injury and personal liability coverage.

Remember that during an accident, the first thing that is always asked for is health insurance. Lack of medical coverage will lead to high out-of-pocket expenses to pay for all medical expenses.

Shop Around

Most insurance companies spend a lot of time advertising to convince people how they offer the best insurance rates in the industry.

The best way to make sure that you get the best and the most affordable car insurance in NJ is by comparing insurance rates from several companies.

Shopping around for car insurance is important; don’t just take the first price that you see.

Inquire About Discounts

There are several auto insurance discounts available. The three main insurance discounts are,

  • Vehicle discounts, which are discounts involving your car
  • Driver discounts, which are discounts that have something to do with your driving habits
  • Policy discounts, which include multi-policy discounts and discounts for paying your insurance premiums upfront.

All the above discounts lower insurance rates for you, and some companies even offer credits during a pandemic like the COVID-19. However, make sure you compare rates and choose wisely.

Have Good Credit

Car insurance companies in New Jersey use credit scores to help them determine the risks. Drivers who have a poor credit usually end up paying higher insurance premiums.

Insurance companies use credit scores to determine your likelihood of filing claims in the future. In New Jersey, the monthly price increase for poor credit is $178, while the yearly price increase for poor credit is $2,216.

Raise Your Deductible

Deductibles are the amount of money you pay before your insurance policy starts working. Choose higher deductible when buying a comprehensive or a collision insurance coverage; this way, you will be saving more money.

Reduce Coverage on Old Cars

Try as much as you can to skip the comprehensive and collision coverage of your old car. The maximum payout limit is limited by the value of the car. Therefore, if your car is old and has a low market value, going for comprehensive insurance or collision insurance will be a waste of money.

Bottom Line

By obtaining car insurance, you will have peace of mind when driving. You will be saved from expensive legal charges, and more importantly, the auto insurance will protect you from losing your property and make it simpler to replace or repair damages.

To get an affordable car insurance policy in NJ that covers all your needs, contact Central Jersey Insurance Associates today.