19 October 2017 In Blog

CLICK HERE for information regarding the

2nd Annual Food Safety & Microbiology Conference

February 25-28, 2018

19 October 2017 In Blog
10-August-2017 – Holmdel, NJ —JGS Insurance, a market leading New Jersey insurance agency, announced today that it has been named a Top 100 Property/Casualty Agency by Insurance Journal. The Top 100 list is ranked by total property/casualty agency revenue for 2016.

On October 12, 2017, President Trump signed an executive order affecting the ACA, following Congress’ failure to pass legislation repealing the law. Specifically, the executive order would make changes to certain ACA rules by expanding access to association health plans, health reimbursement arrangements (HRAs) and short-term, limited-duration insurance.

The executive order does not, itself, make any specific changes to existing regulations. Instead, it directs federal agencies to issue new regulations or guidance to implement the order’s policies. As a result, it is difficult to know how any existing ACA regulations will be specifically impacted before any further guidance is issued.

In any case, the immediate impact of the executive order will likely be very small, since it will take time to implement policies, regulations and other guidance to carry out these changes.
In addition, The White House announced that, effective immediately, it will no longer reimburse insurers for cost-sharing reductions made available to low-income individuals through the Exchanges under the ACA. Because Congress did not pass an appropriation for this expense, the Trump administration has taken the position that it cannot lawfully make the cost-sharing reduction payments. It is important to note that this change does not impact monetary subsidies on the Exchange. Those are still in place. This is only for the cost sharing reduction which offsets out of pocket expenses (benefit levels) for those making up to 250% of the poverty level. Keep in mind that this DOES NOT impact employer sponsored group health plans – only the individual market.

17 October 2017 In Blog
10-August-2017 – Holmdel, NJ —JGS Insurance, a market leading New Jersey insurance agency, announced today that it has been named a Top 100 Property/Casualty Agency by Insurance Journal. The Top 100 list is ranked by total property/casualty agency revenue for 2016.

Insuring Your Condominium or Co-op Apartment

When it comes to insuring your condominium unit or co-op apartment, just having a “piece of the rock” may not be enough. It’s the peace of mind of knowing you are insured correctly in conjunction with your association’s insurance coverage that will allow you to sleep soundly at night.

Every homeowners’ association, condominium or cooperative has governing documents including insurance bylaws dictating how the buildings should be insured. Unfortunately, there is quite often ambiguity as it relates to how the building should be insured from the perspective of the association’s insurance policy and what the unit owner or shareholder is expected to insure within their home.

In an effort to clarify this confusing subject, here are some useful guidelines you can use as a starting point to communicate how your buildings are to be insured and what residents should include in their individual HO6 policies.

16 October 2017 In Blog

JGS Insurance, a market leading New Jersey insurance agency, announced today that it has been named a Top 100 Property/Casualty Agency by Insurance Journal. The Top 100 list is ranked by total property/casualty agency revenue for 2016.

JGS Insurance is honored to announce their place as a finalist for the NJBIZ 2017 “Business of the Year” award in the 51-100 employee category.

The Business of the Year awards program celebrates New Jersey’s most dynamic businesses and business leaders who share a commitment to professional excellence, business growth and the community. Finalists were selected in six categories: Business of the Year (1-50 Employees), Business of the Year (51-100 Employees), Business of the Year (101+ Employees), Corporate Citizen of the Year, and Emerging Business of the Year.

16 October 2017 In Blog

Why are certificates of insurance so universally hated by insurance brokers and risk managers alike? Some insurance professionals would just as soon have their teeth drilled without novocaine than deal with these much-maligned documents. Yet if used properly, they provide value as an important tool in the risk manager’s portfolio.

For the uninitiated, according to Investopedia, a certificate of insurance (COI) is defined as

“a document issued by an insurance company/broker that is used to verify the existence of insurance coverage under specific conditions granted to listed individuals. More specifically, the document lists the effective date of the policy, the type of insurance coverage purchased and the types and dollar amount of applicable liability.”

The problems arise when people assume that certificates of insurance do more than they actually do. They are not an ironclad guarantee of coverage, but they do provide a baseline from which the risk manager, attorney or business owner needs to do his or her own due diligence. For example, a product liability COI can demonstrate coverage for a supplier that is ordering a particular raw ingredient to be used in the manufacturing process. It shows the manufacturer that the supplier had coverage at the time of its issuance.

16 October 2017 In Blog

Hosting events such as concerts, festivals, conferences, trade shows, sporting events, and celebrations subjects a business to a variety of liabilities and business risks that must be considered to avoid costly litigation or other losses when something goes amiss. Appropriate coverages for events include property insurance, special event general liability insurance, employer’s liability insurance and cancellation insurance.


A property insurance policy protects equipment at events—ranging from sophisticated audio-visual systems to folding chairs—whether it is owned, borrowed or hired for the event. The policy generally covers property while in transit to and from the event as well as during the event. Damaged, destroyed or lost property is reinstated on a “new-for-old” basis, meaning that it is generally not appropriate for things like antiques, collectibles or other irreplaceable property.

16 October 2017 In Blog

Regulations For Electronic Distribution of ERISA Disclosures

With the recent increase in audits by the Department of Labor (DOL), one of the most frequently asked questions JGS Insurance receives is under what circumstances can documents be distributed electronically by email, by company intranet and the like.

DOL regulations contain a safe harbor under which employee plans may use electronic means to distribute certain documents and other information required under the Employee Retirement Income Security Act of 1974 (ERISA).

16 October 2017 In Blog

The Hidden Policy Premium

Every business knows that accident prevention keeps your workers’ compensation costs at a minimum. But when an accident occurs and a claim is made, what is the best method to maximize cost savings? With medical bills comprising approximately 60 percent of workers’ compensation claims costs, many third party claims administrators (TPAs) use managed care programs to control these costs.

16 October 2017 In Blog

Community associations typically take great care to protect their package policies by taking measures to prevent fire losses and slip-and-fall claims and by proactively addressing conditions on their properties which may cause such losses. Boards understand an association’s package policy premium (as well as an association’s insurability) can really suffer as a result of claim activity, frequency and severity. Plus they want to keep their associations safe and running smoothly. But often too little thought is given to protecting the Directors and Officers (D&O) policy, which arguably is the most valuable coverage purchased by the board as it is designed to protect not only the association but the board itself.

16 October 2017 In Blog

The Internal Revenue Service (IRS) recently began notifying employers via a letter containing several attachments if the company may owe a penalty for failing to comply with the employer mandate requirements for the 2015 calendar year under the Affordable Care Act (ACA).  If you receive a letter, don’t panic! This is just the first step in assessing an employer mandate penalty. The determination of whether an employer may be liable for a penalty and the amount of the potential payment are based on information reported to the IRS on Forms 1094-C and 1095-C for 2015 (filed in early 2016) and the IRS’s records of who received a premium tax credit.  If the IRS determines that, for at least one month in the year, one or more of the employer’s full-time employees received a premium tax credit and the employer did not satisfy the offer of coverage rules, this letter (Letter 226J) will be issued. It will include:

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