Add a Layer of Protection with Stop Gap Insurance

Stop Gap Insurance

Businesses large or small that employ staff have a responsibility to provide a safe working environment for employees. However, even when safety guidelines and protocols are followed, accidents and illnesses can occur and the employer may be held liable for damages. Typically, workers’ compensation policies contain coverage for employer liability, but in monopolistic states, this type of coverage is not included. Therefore, businesses need to invest in supplemental stop gap insurance to guarantee protection in the event of a claim.

When You Need To Supplement Your Coverage

Monopolistic states require employers to buy into a fund that provides workers’ compensation coverage. These states include:

  • Washington
  • Ohio
  • North Dakota
  • Wyoming

However, these state funds do not provide liability insurance for employers. To make up for this lack of coverage, stop-gap insurance should be purchased. This type of policy protects an employer against job-related accidents or injuries as well as illnesses that may have originated in the workplace. With this coverage, an employer is insured against allegations of unsafe working conditions.

Whether a business hires 10 employees or hundreds, supplemental stop gap insurance is essential if the company is in a monopolistic state that doesn’t provide employee liability coverage. Purchasing additional insurance is akin to purchasing peace of mind. Smart business owners understand that guarding against liability is critical for success and that this type of protection pays off in the long run.

What Is an RRG And What Are the Advantages?


Paying attention to commercial liability is key when it comes to protecting your business for the long haul. If you’re looking for more control over your current insurance coverage, exploring your options can be a useful move. For some, a risk retention group (RRG) is the ideal solution. In order for you to determine whether this is the right fit for your business, look over these points, and get a better feel for what the option entails.

Risk Retention Groups Explained

Dictated by the Risk Retention Act of 1986, an RRG has the purpose of spreading commercial liability risks among all of the group members. This can be quite useful when it comes to making sure that everyone who falls under your policy is protected in the same way. Liability exposures can include anything from Errors and Omissions to Product Liability, meaning an RRG can provide you with a range of essential coverage. There are some limitations, however. Workers’ Compensation and other insurance options are not usually included. Other key advantages of an RRG include:

  • Better coverage and stable market rates
  • Reduced fees
  • Streamlined filing and licensing processes

Weigh Out the Pros and Cons

Understanding the pros and cons of an RRG can help you get a better feel for how this type of plan works. Research the details and determine if your company stands to benefit from exploring new insurance options.

What You Need To Know About Mobile Home Insurance Benefits


If you live in a mobile home, you may be wondering what mobile home insurance benefits you can get to help protect your home. In the event of unforeseen circumstances like fires or natural disasters, it’s best to be prepared with the policy that suits you best. Coverage can vary, but here are a few key things you should know.

Physical Damages Are Often Covered

Most mobile home policies will cover not only your house itself but any attached structures and your belongings as well. In many cases, physical damages will be covered, especially if they’re the result of:

  • Fire
  • Theft or vandalism
  • Hail
  • Windstorms
  • Explosions

Additionally, you may be able to add extra liability coverage to your policy, in the event of accidents occurring at your home. This could be helpful in the event of a lawsuit.

It May Help You Get a Mortgage

While having insurance for your mobile home isn’t legally required, it may make mortgage companies more likely to work with you. This means having insurance not only protects the home but could help you secure a mortgage for it.

When your mobile home needs protection from unexpected events, there are several mobile home insurance benefits that can help. In case of an emergency, the right policy can be a lifesaver.

Why Product Liability Matters To Cannabis Producers


In every area of production, product liability is a major concern. It doesn’t matter if you’re producing snack food, automobiles, or cannabis edibles, you have risks associated with the possible pitfalls that consumers could encounter based on shoddy workmanship or handling before their purchase. That includes contamination and risk of sickness for food products. For cannabis companies focused on smoking or vaping, it can also include long-term medical harm related to impurities or contaminants during the packaging, growing, or storage of bulk products.

Coverage To Suit Your Company

Cannabis product liability needs to be built to suit the individual needs of the companies buying coverage, just as any other manufacturing product liability policy would. Finding an insurance provider who understands your industry well enough to fully predict those risks as they draft a policy is a key to making sure you can get exactly what you need for coverage, without having to settle for over-insuring in some areas or under-insuring in others. It’s a best-fit approach that works individually for each customer, but you can only get it when you shop for an insurer who makes it their business to know yours. They’re out there for practically every industry, so don’t be afraid to keep looking until you find people who have anticipated the needs of an emerging cannabis marketplace.

Covering Your Design Firm with Professional Liability Insurance

Professional Liability Insurance

Engineers and architects leverage years of training backed up by professional licenses to design the facilities and public infrastructure that form the backbone of modern society. From bridges to buildings to major utility systems and more, these facilities originate from the specifications and blueprints drafted and detailed by design firms like yours. Despite the rigorous design and QA/QC methods you employ, mistakes do happen. Errors and omissions or E&O in your construction plans can have serious consequences, so you need professional liability insurance to cover lawsuits and damages that may arise from these oversights.

Understanding Who Needs Professional Liability Coverage

The process from developing initial schematics to final details is one that involves several roles and includes many steps. Errors and/or omissions at any stage can result in major problems, especially after a facility is erected including injury, loss of life and costly redesign and/or corrective construction. You should strongly consider professional liability coverage to cover the work of the following positions:

  • Structural Engineers and Designers
  • Civil Engineers
  • Geotechnical Engineers
  • CADD Technicians and Drafting Professionals
  • Mechanical Engineers
  • Safety Managers
  • Design-Build Consultants

Protecting the Future of Your Business

Whether you just need general civil engineer E&O Coverage or something that is specifically tailored for certain types of project delivery, it is important to have a plan in place. Many public owners require potential design consultants to maintain a certain level of professional liability insurance before entering into a contract. Protect your business with a complete insurance policy today.

Safeguarding Your Business From Cyber Threats

Cyber Liability

Attentive security guards and state-of-the-art building alarm systems may be enough to give some business owners and patrons extra peace of mind.  After all, when a potential outside threat to a building’s security is at risk it only makes sense to put certain protections in place to prevent any damaging events from occurring. However, with the growing reliance on technology, threats are no longer only physical but instead, also come in the form of various cyber threats. Even with the risks involved, utilizing the many technological innovations available can still bring many benefits that outweigh the risk as long as proactive measures are taken.

Taking Action

The experts at Moody understand the growing cyber threats that have the potential to jeopardize the state of virtually any business that utilizes technology. While many premium security programs can dramatically minimize the threats a business is exposed to, technology continues to evolve and new threats can present themselves. With the proper cyber liability plan in place, businesses can rest easier knowing that even in the event their existing cybersecurity programs are infiltrated, adequate efforts will be made to support these businesses when recovering from attacks. Whether the threat comes from a simple phishing scheme, something more complex such as a Trojan horse virus or even just employee negligence, it can be easier to focus on business operations knowing the benefits of a policy.

Local Providers Know Best

Insurance for Bergen County

At times, it seems society promotes a culture of fear, with regard to legal liabilities and devastating lawsuits. With a rise in what numerous people consider frivolous claims, many individuals attempt to proactively address their liability with insurance coverage. While government agencies have a role in certain coverage requirements, obtaining insurance for Bergen County residents is more of a personal choice.
Automobile coverage is a common requirement for drivers all across the United States. Many banks refuse to offer a loan unless some manner of full coverage is taken out on the vehicle for which they hold the title. This generally includes:

Comprehensive and Collision
Uninsured Motorists
Medical Coverage

State laws take this a bit further by setting requirements for the coverage amounts and application in the event of an accident. An agent specializing in insurance for Bergen County will be familiar with any statutes requiring insurance and the terms of coverage needed to remain compliant.
There are also differences in the insurance needs of residential and commercial accounts. While state law may not require a specified amount in property coverage, workers’ compensations plan must be offered in accordance with mandated terms. Working with a broker will be the best way to offensively address potential concerns for either your business or residential needs and avoid a financial disaster in the event of an incident.