As a New York contractor, balancing the need for comprehensive workers comp insurance coverage with the desire to keep premiums affordable can be challenging. BGES Group specializes in helping contractors like you navigate these complexities. We provide customized solutions that not only enhance your coverage but also help reduce costs. Here are 10 ways BGES Group can transform your workers comp insurance program.
1. Accessing Specialty Insurance Programs
BGES Group offers access to exclusive programs designed for contractors, including those in high-risk industries like roofing, demolition, or asbestos removal. These programs often provide enhanced coverage options at competitive rates, helping you meet your unique needs while saving on premiums.
2. Eliminating Comprehensive Annual Audits
Annual audits can be a headache for contractors, often leading to unexpected charges. BGES Group offers programs that eliminate these comprehensive audits, ensuring smoother operations and fewer surprises while maintaining compliance with workers comp insurance requirements.
3. Ensuring Payroll Caps Are Applied
In New York, certain payroll categories have caps that can reduce your premium if applied correctly. BGES Group reviews your payroll setup to confirm these caps are utilized, preventing overpayment on your workers comp policy.
4. Identifying the Need for Out-of-State Coverage
Many contractors don’t realize they need workers comp insurance coverage for operations in other states. If you work outside New York, BGES Group ensures your policy meets out-of-state requirements, protecting you from costly gaps in coverage.
Helping You Take Advantage of NYCPAP Credit
New York contractors can benefit from the New York Construction Premium Adjustment Program (NYC PAP), which offers credits to businesses with higher wages. BGES Group ensures you apply for and maximize this credit, which can significantly reduce your workers comp insurance premium without sacrificing coverage.
6. Providing Guidance on Payroll Classifications
Incorrect payroll classifications can inflate your workers comp insurance premium. BGES Group reviews your classifications and ensures accuracy, potentially leading to significant savings while keeping your coverage aligned with your operations.
7. Enhancing Risk Management Practices
By identifying workplace hazards and implementing safety improvements, BGES Group helps reduce your claims history, which directly impacts your workers comp insurance premium. From safety training to site audits, our risk management solutions protect your workers and your bottom line.
8. Reducing Claims Impact with Return-to-Work Programs
BGES Group helps contractors develop effective return-to-work programs, minimizing the financial impact of claims. By getting employees back to light-duty work quickly, you can reduce claim costs and improve your experience modification rate (EMR), lowering your workers comp costs.
9. Ensuring Subcontractor Compliance
Working with uninsured or underinsured subcontractors can expose you to liability and drive up your workers comp insurance premium. BGES Group ensures subcontractor compliance with insurance requirements, helping you avoid penalties and maintain affordable coverage.
10. Educating Clients on Comprehensive Coverage
Understanding your policy is key to optimizing workers comp coverage. BGES Group educates contractors on policy details, helping you balance cost and protection. From understanding payroll audits to learning about premium credits, we empower you to make informed decisions.
Why Choose BGES Group?
BGES Group has decades of experience working with New York contractors. Our boutique approach means we treat every client as a priority, providing tailored solutions that align with your business needs. Whether you’re looking to improve coverage, lower premiums, or both, our team is here to guide you every step of the way.
Comprehensive Services for New York Contractors
Here’s how BGES Group’s unique services make a difference:
• NYCPAP Credit: We ensure you apply for all available credits to maximize your savings.
• Audit-Free Programs: Eliminate unnecessary annual audits and keep your policy stress-free.
• Payroll Cap Application: Prevent overpaying by ensuring caps are correctly applied.
• Out-of-State Coverage: Avoid gaps in coverage when working across state lines.
• Exclusive Programs: Access specialized insurance for high-risk industries.
• Risk Management Expertise: Reduce claims with expert guidance on safety and compliance.
Contact BGES Group Today
Don’t let your workers comp insurance premium control your budget. Take charge with BGES Group’s expert solutions.
• Gary Wallach
• Phone: 914-806-5853
• Email: bgesgroup@gmail.com
Let BGES Group help you improve your workers comp coverage and save money today!