Protection for Individuals to Counter the Growing Cyber Threat

Protect Yourself, Spouse and Children From Identity Theft. Click Here To Buy Coverage or Learn About Our Program Now!

The same gadgets and technology that have made life more convenient and help people pass the time, unfortunately can leave you and your family members exposed to a variety of cyber-related attacks.

Online crime is rising fast and anyone that uses the internet, e-mail or smartphone apps risks exposing themselves and their personal data. This risk even extends to your kids downloading apps on their tablets.

Because of this growing threat, some insurance companies have started including certain cyber-specific coverages in their homeowner’s policies, or as a rider. Some of the coverages that homeowner’s insurers have begun offering are:

Digital content coverage – Replaces or repairs affected electronic data property that has been compromised.

Unauthorized charge reimbursements – This coverage protects credit cards from fraudulent charges made without your approval.

Identity access management – Helps with fraud resolution if your identity has been stolen in a cyber attack.

Document recovery – Assistance with retrieving, replacing or recreating lost, stolen or destroyed legal, financial or personal identification documents.

Lawsuit protection – Coverage for allegations of unintended libel, slander, defamation or invasion of privacy.

Additional cyber protection rider

But most of the coverages in homeowner’s policies for cyber issues are not really that comprehensive. Better protection comes in the form an additional cyber protection rider (which has to be paid for separately as a rider to your homeowner’s policy).

Depending on the insurance company, these riders may include coverage for:

  • Computer attack
  • Home systems attack
  • Cyber extortion, and
  • Online fraud

Some examples of these types of coverage include:

Cyber extortion and ransomware – Provides payments and professional assistance in responding to cyber extortion demands based on a credible threat to damage, disable, deny access to or disseminate content from devices, systems or data.

Cyber financial loss – Covers online fraud that results in a direct financial loss to you.

Cyber-bullying – Assistance in dealing with online harassment that results in wrongful termination, wrongful discipline from school or debilitating emotional distress.

Cyber disruption – Support for dealing with cyber attacks that prevent you from accessing your home, or attacks that interrupt a small business you run from home.

Cyber breach of privacy – Assistance dealing with theft, loss or unauthorized access to personal data from a cyber attack that results in defamation of character or puts the security of your family and home at risk.

Compromised or destroyed data – Pays to recover data and restore systems that have been lost or damaged due to a cyber attack. This would include attacks involving malware or unauthorized use of owned or leased computers, mobile devices and connected home devices.

Here are some scenarios that a cyber protection rider may cover:

Scenario 1 – Your son receives an e-mail and opens an attached file or clicks on a link that contains a virus that infects the computer, rendering it unusable. You have to hire professional to reformat the hard drive, reinstall the operating system and restore data from the latest back-up. The services cost $900.
Outcome: The professional’s charge is covered by your policy.

Scenario 2 – You receive a pop-up message on your computer after you are unable to access any of your files. The message tells you that all of your data has been locked and encrypted and the only way to unlock them is to pay a $1,500 ransom to receive the decryption code. Further, if you don’t pay promptly, the ransom price will increase by $500 a week and after three weeks the code will be destroyed, and your files will be permanently deleted.

Outcome: The insurer determines the threat is real and agrees to reimburse you for paying the ransom.

BGES Group’s office, located in Larchmont, NY is a full service insurance agency offering, Property, Liability, Umbrella Liability, Business Auto, Bid & Performance Bonds, Inland Marine, Worker’s Compensation, New York State Disability, Group Health, Life insurance, Personal lines and Identity Theft.  

BGES Group are Worker’s Compensation Specialists for the States of New York, New Jersey and Connecticut – Issues we address: 1) Lowering pricing – we have specialty programs that can save you up to 40%; 2) Finding a new company; 3) Being cancelled or non renewed; 4) Audit disputes; 5) Company creating fictitious payroll at audit time; 6) Lowering high experience modifications factors; 7) Misclassification of payrolls; 8) Lowering or eliminating renewal deposits;   9) Getting coverage when you’ve been without for a few months; 10) Covering multiple states under one policy; 11) Eliminating 10% service or policy fees; 12) Timely issuance of certificates; 13) Always being able to get someone on the phone or by email when you need to.

Special Contractor Insurance Programs (NY) – We we have 50 insurance companies to market your general liability, umbrella liability, business auto, workers compensation, bid & performance bonds and group health coverages.  We help contractors set up proper risk transfer mechanisms.  If you’re a contractor we offer extensive information about insurance markets, coverages, risk transfer mechanisms, subcontractor screening, ways to lower your insurance costs that lower them.    

New Jersey and Connecticut Contractors:  We have a fiercely competitively priced (savings up to 50%)  General Liability, Umbrella Liability, Business Auto, Workers Compensation program.  Want to lower these costs?  Get a quote today! 

Identity Theft – Over the past year hundreds of thousands of people have had to deal with identity theft.  This has become such a huge problem so we now offer Identity Theft Protection. We heard stories of kids going for car loans and learning they owe $200,000+ to companies they never heard of.  Under our program you can protect yourself, spouse and up to 10 children.  Anyone you know can purchase this protection though our plan!  Click here to learn more or sign up. 

If you would like to speak with us call Gary Wallach at 914-806-5853 or click here to email or click here to visit our website.

Company: BGES Group, 216A Larchmont Acres West, Larchmont, NY 10538

e-mail: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2019 – BGES Group

Protect Personal Finances By Preventing Identity Theft

Need Identity Theft protection? Click here to learn more or sign up. 

As each year arrives, millions of Americans plan or hope to increase their income and save more money. The National Crime Prevention Council wants to help Americans work toward those goals and protect the financial security of their future. To accomplish this, they offer a variety of tools for protection against investment fraud and identity theft. The tools are available at NCPC.org, and site visitors will also find a variety of helpful publications with tips for protecting themselves against identity theft, mortgage fraud and investment fraud.

According to the NCPC, about 17.6 million Americans were victims of identity theft in 2014. As the year ends and the tax season approaches, there are more occurrences of identity theft. Experts warn Americans to take extra steps to protect themselves during that time especially. However, it is important to make identity theft prevention a regular habit. Identity thieves have several ways to steal information. They may rummage through garbage cans, hack into Internet-based financial accounts or use electronic devices to steal credit card numbers. When they have an individual’s location information, they may even file a change of address form to receive that person’s mail and steal financial information.

The NCPC offers the following tips for preventing identity theft:

  • Never provide a Social Security number over the Internet or phone.
  • Memorize all passwords, and never store passwords on a computer.
  • When buying items online, always use a credit card for the benefit of being able to dispute bad transactions.
  • Do not use an ATM when someone is within close range.
  • Beware of sites that offer free giveaways and prizes, and do not enter financial information on such sites.
  • Take advantage of developer-based browser add-ons and antivirus software to enhance Internet security.
  • Tell children to avoid giving out their address, phone number or Internet-based contact information.
  • Do not let children plan to meet any friends from Internet sites or chat rooms.
  • Avoid posting public photos of family members, a home, a vehicle or other identifying information on the Internet.
  • Be sure that Internet access at a child’s school is controlled by teachers or other designated responsible adults.

The NCPC offers additional tips, information and statistics on their site. If all Americans work together to prevent identity theft, millions of incidents can be prevented. Another important step for adults to take is to check their credit history every year. Each American adult is entitled to a free credit report copy, which is obtained at AnnualCreditReport.com. This is the only site approved by federal authorities for obtaining a free copy. View the report to look for any account, address and employment discrepancies, and dispute them if there are any. Suspicious accounts may be a sign that someone has stolen personal information and is misappropriating it.

Also, be aware of any odd-looking devices on ATMs, gas pumps and other places where cards are swiped. Thieves place logging devices that detach from these places. If a piece detaches or looks suspicious, report it to the establishment immediately. To learn more about staying safe from identity theft and the impact of identity theft, discuss concerns with an agent.

BGES Group’s office, located in Larchmont, NY is a full service insurance agency offering, Property, Liability, Umbrella Liability, Business Auto, Bid & Performance Bonds, Inland Marine, Worker’s Compensation, New York State Disability, Group Health, Life insurance, Personal lines and Identity Theft.  

BGES Group are Worker’s Compensation Specialists for the States of New York, New Jersey and Connecticut – Issues we address: 1) Lowering pricing – we have specialty programs that can save you up to 40%; 2) Finding a new company; 3) Being cancelled or non renewed; 4) Audit disputes; 5) Company creating fictitious payroll at audit time; 6) Lowering high experience modifications factors; 7) Misclassification of payrolls; 8) Lowering or eliminating renewal deposits;   9) Getting coverage when you’ve been without for a few months; 10) Covering multiple states under one policy; 11) Eliminating 10% service or policy fees; 12) Timely issuance of certificates; 13) Always being able to get someone on the phone or by email when you need to.

Special Contractor Insurance Programs (NY) – We we have 50 insurance companies to market your general liability, umbrella liability, business auto, workers compensation, bid & performance bonds and group health coverages.  We help contractors set up proper risk transfer mechanisms.  If you’re a contractor we offer extensive information about insurance markets, coverages, risk transfer mechanisms, subcontractor screening, ways to lower your insurance costs that lower them.    

New Jersey and Connecticut Contractors:  We have a fiercely competitively priced (savings up to 50%)  General Liability, Umbrella Liability, Business Auto, Workers Compensation program.  Want to lower these costs?  Get a quote today! 

Identity Theft – Over the past year hundreds of thousands of people have had to deal with identity theft.  This has become such a huge problem so we now offer Identity Theft Protection. We heard stories of kids going for car loans and learning they owe $200,000+ to companies they never heard of.  Under our program you can protect yourself, spouse and up to 10 children.  Anyone you know can purchase this protection though our plan!  Click here to learn more or sign up. 

If you would like to speak with us call Gary Wallach at 914-806-5853 or click here to email or click here to visit our website.

Company: BGES Group, 216A Larchmont Acres West, Larchmont, NY 10538

e-mail: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2019 – BGES Group

HR and workers comp

How Workers’ Comp Experience Rating can Save you Money

HR and workers comp

How does safety pay dividends to the business owner? Time and resources spent on developing a culture of safety repays the business in the long run. Safety cultures rely on reducing the number of workers compensation claims, in return, the odds of a disastrous claim are reduced.

Business owners with workers’ compensation experience modifications above 1.25 need to review their safety policies with professionals. It is possible one year or even one claim causes this situation; but it should not be ignored. Discover and repair the root cause.

A 1.01 to 1.25 modification indicates worse than average experience. State rates can be less than adequate for a short period of time. The actuarial or mathematical calculations just incorrectly reflect the average expected claims. Slightly elevated modifications may be caused by these issues; however, review your losses by department in these cases and see if a problem area exists.

For slightly elevated modifications, review the safety program and types of losses. Seek out a professional risk manager for help if needed. Look for patterns in the losses, and consider changes in safety equipment or procedures to reduce problem issues.

Proactively nurturing a safety culture will pay long-term dividends. Experience modifications will decrease with positive results. How?

Each state calculates workers’ compensation experience modifications independently. Many states do utilize the services of the National Council on Compensation Insurance (NCCI) to gather data and promulgate base rates and experience modifications; but each state regulates its own workers’ compensation system.

Workers’ compensation experience rating predicts future behavior by analyzing past performance. It is a consequence of loss control performance, neither a reward for no losses nor a punishment for too many claims.

The generic formula for experience modifications follows some rules:

Just as payrolls are the basis for the standard premium, they form the basis for expected claims. Payroll is multiplied by an average claim factor to produce total expected claims.A discount factor is then applied to predict the potential severity of the claims.The product of this equation is expected losses.Actual medical only (MO) claims combine and report as a number of claims/total amount. Some states designate the MO claims as primary (maximum average) and excess, and then apply a discount rate to one or both of these amounts.Most states set a limit on the value of any one claim, and then discount large claims on a sliding scale.This historical claim experience is divided by expected losses. That quotient is the experience modification.

The insurance industry spends millions of dollars to find ways to predict the future. Loss analysts discovered one important fact: the best predictor of future claims is the frequency with which companies suffer losses in the past.

Frequency reflects the number of claims per employee, usually expressed as claims per payroll unit ($100), claims per year, or claims per time unit. Frequency, however, more importantly, reflects the safety culture of the business.

If the frequency of claims is predictable, how about the severity of an individual loss? No, severity, the magnitude of the loss, is not predictable. With greater frequency, however, comes greater odds that a severe claim will occur.

Experience modifications indicate the status of the safety culture within a business. Good management listens to risk management and loss control experts who ultimately reduce workers’ compensation costs. 

BGES Group’s office, located in Larchmont, NY is a full service insurance agency offering, Property, Liability, Umbrella Liability, Business Auto, Bid & Performance Bonds, Inland Marine, Worker’s Compensation, New York State Disability, Group Health, Life insurance, Personal lines and Identity Theft.  

BGES Group are Worker’s Compensation Specialists for the States of New York, New Jersey and Connecticut – Issues we address: 1) Lowering pricing – we have specialty programs that can save you up to 40%; 2) Finding a new company; 3) Being cancelled or non renewed; 4) Audit disputes; 5) Company creating fictitious payroll at audit time; 6) Lowering high experience modifications factors; 7) Misclassification of payrolls; 8) Lowering or eliminating renewal deposits;   9) Getting coverage when you’ve been without for a few months; 10) Covering multiple states under one policy; 11) Eliminating 10% service or policy fees; 12) Timely issuance of certificates; 13) Always being able to get someone on the phone or by email when you need to.

Special Contractor Insurance Programs (NY) – We we have 50 insurance companies to market your general liability, umbrella liability, business auto, workers compensation, bid & performance bonds and group health coverages.  We help contractors set up proper risk transfer mechanisms.  If you’re a contractor we offer extensive information about insurance markets, coverages, risk transfer mechanisms, subcontractor screening, ways to lower your insurance costs that lower them.    

New Jersey and Connecticut Contractors:  We have a fiercely competitively priced (savings up to 50%)  General Liability, Umbrella Liability, Business Auto, Workers Compensation program.  Want to lower these costs?  Get a quote today! 

Identity Theft – Over the past year hundreds of thousands of people have had to deal with identity theft.  This has become such a huge problem so we now offer Identity Theft Protection. We heard stories of kids going for car loans and learning they owe $200,000+ to companies they never heard of.  Under our program you can protect yourself, spouse and up to 10 children.  Anyone you know can purchase this protection though our plan!  Click here to learn more or sign up. 

If you would like to speak with us call Gary Wallach at 914-806-5853 or click here to email or click here to visit our website.

Company: BGES Group, 216A Larchmont Acres West, Larchmont, NY 10538

e-mail: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2019 – BGES Group

Corporate Liability Shield

Here are Some Unwritten Truths About Liability and Workers Compensation Policies and The Insurance Industry

Corporate Liability Shield

1. Your liability and workers compensation auditors work for your insurance company, not you!  There’s a lot they aren’t telling you which can cost thousands, tens of thousands of dollars. 

2. Is your liability policy preventing you from getting jobs?  Lots of contractors are unaware of how bad their liability policy’s are.  There are brokers selling these policies and in our opinion they are doing an incredible disservice to the construction industry.  How many of you work with general contractors, owners?  Are they asking you to sign contracts?  Do you know if your policy covers what they require in their contract?  Let’s face it most insurance companies do not want to pay claims and their policies are designed to do just that.  Is your policy one of the real lousy ones?   

3. Quite a few New York contractors have liability policies that are inexpensive but their insurance company has a very low financial rating, Labor Law exclusions, no contractual liability, the company is Black Listed.  Then there is the other extreme, liability policy’s that have exclusions acceptable to customers but are outrageously expensive.   How would you like a liability policy that has limited exclusions and good pricing?  With 50 companies we think we can find you one.   

4. It is our opinion there are workers compensation companies that insure a lot of contractors and they do everything possible to charge you as much as they can.   Instead of doing what is in the customer’s best interest they do what is in their best interest. We have better options for you.

5. Why should a customer dislike the company they’re with?  Why when they need help they get tortured?  When they call they don’t get a return call?  When they have a problem no one seems to want to help?   It shouldn’t be this way right? 

6. You really are not going to like hearing this!  Most agency people are limited in what they know (they are so poorly trained it’s a disgrace).  They do not know the ins and outs of the liability or the worker’s compensation system.  They do not know about special credits, rating structures, experience modification factors, payroll rules, how to properly classify payrolls, etc.  And this goes for all areas of coverage: Liability, Umbrella Liability, Business Auto, Bonds, Group Health, etc. 

7. Most insurance agency customer service people are paper pushers.  They have so much work they do not have time to properly check your liability and worker’s compensation policies.  Yes they are pleasant but they miss a lot of what it takes to properly service your account.                                                                                                                                                    

8. BEWARE!!!  If you have your workers compensation through a state or assigned risk program and you operate in other states you are exposed to a HUGE financial liability which may NOT be covered!   Most of you are not aware of this liability but one claim and you can be knocked out of business!   If you are in a state or assigned risk program and operate outside your state we STRONGLY RECOMMEND you look into this matter. 

How We Can Help You

1. For contractors we have 50 liability insurance and 12 workers compensation companies to choose from.  More options mean better pricing and coverage!               

 2.  Regarding General Liability and Umbrella Liability we have companies that have less restrictive exclusions than others.   It is so critical you deal with an insurance broker who is a specialist, who understands the exclusions rather than a generalist.  Believe us most agencies even though they know more than you they still do not know what they’re doing.  We do not like to knock others but a lot of brokers and customer service personnel do not know what they are doing.         

3. How would you like to get away from annual workers compensation audits?  Would you like to set up your policy from the start so you don’t overpay?   How about not owing large additional amounts at the end of your policy period?      

4. Two of our companies allow you to take back control of payroll reporting.  So many contractors, on audit, are overpaying thousands, tens of thousands of dollars because their company is keeping important information from them.   From the beginning, we eliminate this problem.                                                                               

5. Having cash flow problems?  One new customer whose premium was $49,100 only needed $427 to bind coverage.  His incumbent company was requiring a renewal deposit in excess of $8,000.

6. We DO NOT charge 10% service fees or separate $500 to $2,500 policy fees.  How agencies come up with these fees is baffling.  Actually it’s not.  It’s called greed.  We are that “Diamond in the Rough!”  We don’t do this to our customers (unless we have to insure you through NYS program…they do not pay us a commission.)    

7. We have been in the insurance business since 1981.  We offer boutique service. We are specialists, experts and you personally will be dealing with the president who has 38 years experience.

Coverages We Offer – We Have 50 Insurance Companies To Choose From 

Worker’s Compensation

Commercial General Liability

Commercial Umbrella Liability

Professional Liability

Bid & Performance Bonds

Business Auto Policy

NYS Disability

Property, Inland Marine

Examples of Savings

Long Island Plumber was going to pay $57,000.  We reduced his premium to $49,100, deposit was $427.  That was a $7,000+ savings!

Bronx Carpenter was paying $22,000.  We reduced his premium to $15,700.  That was a savings of $6,300!

Hudson Valley Roofing contractor was paying $57,000.  We reduced his premium to $44,500.  That was $12,500 savings!

Manhattan GC was going to pay $154,000.  We reduced his premium to $136,000.  That was a $18,000 savings!

Westchester Carpenter, Painter, Tile Contractor was going to pay $39,000.  We reduced his premium to $33,700.  That was a $5,300 savings!

To Speak With Us Call 914-806-5853 or email: bgesgroup@gmail.com

Company: BGES Group, 216A Larchmont Acres W., Larchmont, NY  10538 

e-mail: bgesgroup@gmail.com 

Copyright © -2019 – BGES Group

Corporate Liability Shield

Why Having Your Worker’s Compensation Insurance Directly With an Insurance Company Can Be Hazardous To Your Wealth!

We would like to start by asking if you had a tax problem, the IRS was claiming you owe $275,000, without help, would you talk to them or hire a tax specialist?  What if you needed brain surgery?  Are you going to use an internist or a brain specialist?  Lastly, divorce.  Going to use a local generalist attorney who handles 1 divorce a year or a specialist who handles 100?

Get my point!  Cutting corners by using inexperienced people may appear saving you money but in the end costs hundreds, thousands, tens of thousands more!

Like taxes, medicine and legal issues, Workers Compensation has a manual that’s 500+ pages thick.  It’s packed with rules.  If you have not read the manual and know the ins and outs, companies whose personnel operate in factory like mode probably don’t know them and if they do probably will not explain them to you!

That is why you want to bring us into the picture!  BGES Group, a New York’s Workers’ Comp Specialist, offers EXPERT advice to New York, New Jersey and Connecticut business owners.  Companies we are GREAT at HELPING areConstruction, Limousine, Manufacturing, Wholesale, Distributor, Office, Real Estate, anyone that owns a business in the tri-state area!

Audits – This is where so many employers get hurt!  Paying thousands, tens of thousands more than you should be!  Many insurance companies use outside firms to do their audits.  They do such volume it’s our opinion 30%+ have mistakes, especially if you are a contractor!  Every month we go back and forth with companies straightening out auditor mistakes and over charges.  We’ve encountered mistakes of up to $120,000+.  Do you think your company is going to scour your audits for mistakes?  Do you think they even know what to look for?  If you have to get your accountant involved what are they going to charge you?  In our opinion so many businesses are overpaying, they have no clue though.  Guess what, this no longer has to be the case!  BGES Group reviews client audits.  We find the mistakes, get on the phone and get our client’s audits corrected so they pay no more than they have to.  Are you a contractor?  Then you need us on your side!  Every month we find mistakes in contractor audits!   Would you like to avoid an annual audit?  We may be able to help you do that!

Has anyone told you about this financially crippling issue?  You are a contractor.  Your home office is in state A.  You get a job in State B.  Job will take three (3) months.  Two months into job your employee falls from a ladder and breaks his back.  This employee happens to live in State B so his family takes him to their local hospital.  Do you have coverage under your policy or not?  In our opinion at least 50%+ DO NOT!  Do you know why?  Do you know what kind of financial nightmare you are looking at?  Do you know how many years you could be dealing with this financial nightmare?  Do you think your employee will get legal representation?  Can you afford fighting them for 5, 10, 15+ years?

Limousine Companies.  This is a very tough class of business to insure.  We know of just a few companies offering coverage.  At least one has no financial rating.  Most are insured with one organization.  But there’s a second company we feel offers better protection.  We also feel they offer great audit, billing, customer service and rates!  Limo companies drive in many states.  It is critical to be with a company that can provide THE RIGHT protection in multiple states!   We represent this excellent company and we are guessing you are not with them.  Call 914-806-5853 we will get you a quote.

Experience Modification Factor – Do you know what an Experience Modification Factor (EMR) is?  It is an adjustment of an employer’s premium for worker’s compensation coverage based on the losses the insurer has experienced from that employer. An experience modifier of 1 would be applied for an employer that had demonstrated the actuarially expected performance. Poorer loss experience leads to a modifier greater than 1, and better experience to a modifier less than 1.  Let me ask you, do you think a factory like mode insurance company is going to check your EMR?  Do you think the front line customer service personnel even know where to start?  Do you know what an EMR of 1.40 does to your cost?   How it prevents you from getting new business?  Do you know how to lower it?  That is another reason to turn to BGES Group for your coverage needs.

There is a Workers’ Comp manual that is 500+ pages thick.  It discusses payroll classifications, credits, EMRs, definition of payroll, the list goes on and on.  How would you like to work with one person who knows the rules and can help you save money?  Unlike accountants or other professionals we do not charge for our service!   Do you think using rules to your advantage can save you hundreds, thousands, tens of thousands of dollars?  We know they can!

We are here to help!  We want to help!  Call Gary at 914-806-5853 and you get to speak to a New York expert who is knowledgeable, helpful, professional and who knows how to talk and treat people!

About Us:

BGES Group’s office, located in Larchmont, NY is a full service insurance agency offering, Property, Liability, Umbrella Liability, Business Auto, Bid & Performance Bonds, Inland Marine, Worker’s Compensation, New York State Disability, Group Health, Life insurance, Personal lines and Identity Theft.  

BGES Group are Worker’s Compensation Specialists for the States of New York, New Jersey and Connecticut – Issues we address: 1) Lowering pricing – we have specialty programs that can save you up to 40%; 2) Finding a new company; 3) Being cancelled or non renewed; 4) Audit disputes; 5) Company creating fictitious payroll at audit time; 6) Lowering high experience modifications factors; 7) Misclassification of payrolls; 8) Lowering or eliminating renewal deposits;   9) Getting coverage when you’ve been without for a few months; 10) Covering multiple states under one policy; 11) Eliminating 10% service or policy fees; 12) Timely issuance of certificates; 13) Always being able to get someone on the phone or by email when you need to.

Special Contractor Insurance Programs (NY) – We we have 50 insurance companies to market your general liability, umbrella liability, business auto, workers compensation, bid & performance bonds and group health coverages.  We help contractors set up proper risk transfer mechanisms.  If you’re a contractor we offer extensive information about insurance markets, coverages, risk transfer mechanisms, subcontractor screening, ways to lower your insurance costs that lower them.    

New Jersey and Connecticut Contractors:  We have a fiercely competitively priced (savings up to 50%)  General Liability, Umbrella Liability, Business Auto, Workers Compensation program.  Want to lower these costs?  Get a quote today! 

Identity Theft – Over the past year hundreds of thousands of people have had to deal with identity theft.  This has become such a huge problem so we now offer Identity Theft Protection. We heard stories of kids going for car loans and learning they owe $200,000+ to companies they never heard of.  Under our program you can protect yourself, spouse and up to 10 children.  Anyone you know can purchase this protection though our plan!  Click here to learn more or sign up. 

If you would like to speak with us call Gary Wallach at 914-806-5853 or email bgesgroup@gmail.com or visit our website: www.bgesgroup.com.

Company: BGES Group, 216A Larchmont Acres West, Larchmont, NY 10538

e-mail: bgesgroup@gmail.com

ID Protection

As Cyber Threat Mounts, More Companies Take Measures

As attacks on businesses’ networks continue increasing at unprecedent levels, cyber risks have become the top concern among organizations of all sizes for the first time, according to a new survey.

The “Travelers Risk Index” found that 55% of executives surveyed said they worry “some” or “a great deal” about cyber risks. That’s more than they worry about medical cost inflation (54%), employee benefit costs (53%), the ability to attract and retain talent (46%) and legal liability (44%).

And the most common types of attacks, and which pose the biggest security threat to businesses, are phishing and fake e-mails. They are the hardest to combat because of the human factor involved, according to another survey, the “2019 Cyber Security Breaches Survey” published by the U.K. government.

In phishing e-mails, the cyber criminals will pose as colleagues or vendors to dupe an unsuspecting employee to hand over a password or click on a malicious link that will give them access to the company’s network.

In addition, ransomware has brought many businesses and government agencies to a standstill as the same technique is used to freeze an entire network and render it unusable until the company pays a ransom for a key to unlock the network.

As concerns about cyber threats have grown, more businesses say they are taking proactive measures to safeguard against cyber risks – even though a large percentage have not implemented preventive best practices.

The steps that companies are taking, according to the Travelers survey, are:

  • Purchasing a cyber insurance policy (51% of survey participants, up from 39% in the 2018 survey the insurer conducted).
  • Creating a business continuity plan in the event of a cyber attack (47%, up from 38%).
  • Taking a cyber-risk assessment for themselves (49%, up from 45%).
  • Taking a cyber-risk assessment for their vendors (41%, up from 37%).
  • Updating computer passwords (74%, up from 71%).

The fact is that a single cyber attack can put a company out of business. Taking the threat seriously and implementing a risk management program that addresses possible exposures can help a business not only avoid an attack, but also recover from one as quickly as possible.

How to lower the chances of an attack

The insurance company Chubb recommends the following steps to reduce the chances of a cyber attack on your organization:

Identify your sensitive data – Credit card and personally identifiable information is often the target of cyber attacks.

Educate your staff – Instruct your employees about cyber attacks and how to protect the network. The most important thing for them to remember is to not to open attachments from people they don’t know or in e-mails they don’t expect. 
You should also post procedures for encrypting personal or sensitive information, and require them to change their passwords regularly.

Have security in place – You should have a web application firewall in place to protect your website, in addition to a firewall for your company’s network. If you accept credit card payments, you should have an e-commerce platform that is compliant with payment card industry data security standards Level 1.

Secure your hardware – Data breaches can be caused by physical property being stolen, too. If your servers, laptops, cell phones or other electronics are not secure and easy to steal, you are taking a big risk. Physically locking down computers and servers is a good idea.

Cyber insurance

As the cyber threat becomes more sophisticated and changes, cyber-insurance policies have evolved to meet businesses’ needs. There are many types of policies in the marketplace that are tailored for specific types of businesses. The key is getting a policy that best fits your organization and covers any eventualities that you may encounter.

Some coverages you may want to consider for inclusion in your cyber insurance are:

  • Business interruption – Covers the loss of business income due a cyber attack.  
  • Computer fraud – Covers theft of money, securities and other forms of tangible property through computer fraud and social engineering schemes.
  • Data breach – Covers claims of failure to protect personally identifiable information and protected health information of clients.
  • Property damage – Covers replacement cost of computers damaged by a cyber attack.
  • Identity theft expenses – These are related to the business owner or their employees after identity theft.      
  • Advertising and personal injury – Covers damage caused by defamation on website or social media.
  • Transmission of virus or malicious content – Covers failure to stop the transmission of a computer virus or malicious content.
  • Errors and omissions – Covers loss caused by failure to provide proper network security.

Some policies are stand-alone products, while others are endorsements to existing polices like a business owner’s policy.

BGES Group’s office, located in Larchmont, NY is a full service insurance agency offering, Property, Liability, Umbrella Liability, Business Auto, Bid & Performance Bonds, Inland Marine, Worker’s Compensation, New York State Disability, Group Health, Life insurance, Personal lines and Identity Theft.  

BGES Group are Worker’s Compensation Specialists for the States of New York, New Jersey and Connecticut – Issues we address: 1) Lowering pricing – we have specialty programs that can save you up to 40%; 2) Finding a new company; 3) Being cancelled or non renewed; 4) Audit disputes; 5) Company creating fictitious payroll at audit time; 6) Lowering high experience modifications factors; 7) Misclassification of payrolls; 8) Lowering or eliminating renewal deposits;   9) Getting coverage when you’ve been without for a few months; 10) Covering multiple states under one policy; 11) Eliminating 10% service or policy fees; 12) Timely issuance of certificates; 13) Always being able to get someone on the phone or by email when you need to.

Special Contractor Insurance Programs (NY) – We we have 50 insurance companies to market your general liability, umbrella liability, business auto, workers compensation, bid & performance bonds and group health coverages.  We help contractors set up proper risk transfer mechanisms.  If you’re a contractor we offer extensive information about insurance markets, coverages, risk transfer mechanisms, subcontractor screening, ways to lower your insurance costs that lower them.    

New Jersey and Connecticut Contractors:  We have a fiercely competitively priced (savings up to 50%)  General Liability, Umbrella Liability, Business Auto, Workers Compensation program.  Want to lower these costs?  Get a quote today! 

Identity Theft – Over the past year hundreds of thousands of people have had to deal with identity theft.  This has become such a huge problem so we now offer Identity Theft Protection. We heard stories of kids going for car loans and learning they owe $200,000+ to companies they never heard of.  Under our program you can protect yourself, spouse and up to 10 children.  Anyone you know can purchase this protection though our plan!  Click here to learn more or sign up. 

If you would like to speak with us call Gary Wallach at 914-806-5853 or click here to email or click here to visit our website.

Company: BGES Group, 216A Larchmont Acres West, Larchmont, NY 10538

e-mail: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2019 – BGES Group

Are your Workers Employees or Independent Contractors?

The United States Department of Labor and the Internal Revenue Service have combined their efforts to help various states share resources and information that will expose worker classification violations. Employers found to be in violation could face paying back taxes, back pay to workers, missed overtime, retroactive benefits, interest, fines, staff effort charges and legal fees. With situations where there are multiple violations or willful negative intent, the penalties and fines are worse. In addition to the money a violation would cost, employers would also face the negative effects of this damaging information being made available to the public. 

The IRS has made it clear that it is not easy to classify independent contractors and employees. Every case they evaluate is different based on a wide variety of factors. To start, employers may think about whether they have control over a worker’s performance and work outcomes. This is not based on whether an employer decides to exercise control. It is a matter of whether the employer actually has the legal ability to control the workers in these areas. The IRS has a set of rules called the Common Law Rules, which cover the categories of financial control, behavioral control and relationship classifications. None of these factors are individually decisive. The entire situation must be evaluated to make an accurate determination. In addition to these evaluations, employers may take the Economic Reality test from the Department of Labor. This test is based on the Fair Labor Standards Act and includes six factors that are similar to those used by the IRS.

One of the best ways to show that a worker is not an employee but an independent contractor is to show proof of that individual’s ownership of a business. In addition to this, employers can show proof that the worker’s tasks are not an integral part of the employer’s business. Workers who are free to be hired by others or who perform freelance work are not considered employees. For every independent contractor used, businesses should keep vendor folders on file. The following paragraphs outline what information should be included in each file.


W-9 Form
Every independent contractor should complete a W-9. This is necessary for creating a 1099 tax document. If the individual does not claim exemption, employers should withhold taxes. For current tax withholding percentage information, discuss the topic with an agent. However, independent contractors should be encouraged to check the box and file their own self-employment taxes.

Invoices
Keep every invoice the contractor submits. Payment should be made based on these documents. If a worker is not an employee, he or she should not submit expense reports. Since mileage and equipment are a contractor’s business expenses, contractors should not bill for these items. Make sure all invoices match 1099 forms, which must be sent to the independent contractor after the end of the year.


Proof Of Separate Business
If an independent contractor has his or her own business, keep any items that reflect proof of this. Business stationery, advertisements, brochures, business cards or any similar items are acceptable. For contractors who have their own sites on the Internet, it is important to print copies of any online pages where services are outlined.

Written Contracts
It is important to have a written contract for every independent worker. This document should clearly state the nature of the relationship between the business and the worker. In addition to this, the project’s details should be outlined. A contract should include what the business expects from the contractor, the payment terms and any deadlines. Make sure the document is dated and signed by both parties. If a contractor has a tax identification number, this should be included. New contracts should be created for each project when the same contractor is hired for multiple projects.

Before classifying a worker as an independent contractor, it is important for a business owner to do his or her homework carefully. Employment laws today are very strict, so discuss any concerns with an agent.

BGES Group’s office, located in Larchmont, NY is a full service insurance agency offering, Property, Liability, Umbrella Liability, Business Auto, Bid & Performance Bonds, Inland Marine, Worker’s Compensation, New York State Disability, Group Health, Life insurance, Personal lines and Identity Theft.  

BGES Group are Worker’s Compensation Specialists for the States of New York, New Jersey and Connecticut – Issues we address: 1) Lowering pricing – we have specialty programs that can save you up to 40%; 2) Finding a new company; 3) Being cancelled or non renewed; 4) Audit disputes; 5) Company creating fictitious payroll at audit time; 6) Lowering high experience modifications factors; 7) Misclassification of payrolls; 8) Lowering or eliminating renewal deposits;   9) Getting coverage when you’ve been without for a few months; 10) Covering multiple states under one policy; 11) Eliminating 10% service or policy fees; 12) Timely issuance of certificates; 13) Always being able to get someone on the phone or by email when you need to.

Special Contractor Insurance Programs (NY) – We we have 50 insurance companies to market your general liability, umbrella liability, business auto, workers compensation, bid & performance bonds and group health coverages.  We help contractors set up proper risk transfer mechanisms.  If you’re a contractor we offer extensive information about insurance markets, coverages, risk transfer mechanisms, subcontractor screening, ways to lower your insurance costs that lower them.    

New Jersey and Connecticut Contractors:  We have a fiercely competitively priced (savings up to 50%)  General Liability, Umbrella Liability, Business Auto, Workers Compensation program.  Want to lower these costs?  Get a quote today! 

Identity Theft – Over the past year hundreds of thousands of people have had to deal with identity theft.  This has become such a huge problem so we now offer Identity Theft Protection. We heard stories of kids going for car loans and learning they owe $200,000+ to companies they never heard of.  Under our program you can protect yourself, spouse and up to 10 children.  Anyone you know can purchase this protection though our plan!  Click here to learn more or sign up. 

If you would like to speak with us call Gary Wallach at 914-806-5853 or email bgesgroup.com or visit our website at www.bgesgroup.com.

Company: BGES Group, 216A Larchmont Acres West, Larchmont, NY 10538

e-mail: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2019 – BGES Group

Worker's Compensation Policy

Documenting Small Safety Incidents Key to Preventing Major Ones

Worker's Compensation Policy

Studies show that for every major workplace injury or fatality, there are nearly 10 minor injuries – and more than 30 accidents that lead to property damage.

Capturing data even on minor incidents that may seem trivial in isolation can be critical in informing efforts to prevent much greater dangers in the future. A big part of that effort involves ensuring businesses maintain a complete set of data.

Managers at all levels should focus on solid and thorough documentation. Here is where management’s main effort should be concentrated:

Don’t ignore minor incidents. Document all of them. Even if you have avoided injuries and severe property damage so far, keeping careful records may provide critical risk management insights – and enable managers to take action to prevent accidents before they occur.

Identify patterns. Do minor incidents seem to happen in the same area? Involve the same or similar machinery? Are they in the same department or under the same manager? Careful record-keeping is a valuable tool for identifying patterns.

Discourage presenteeism. Workers who come to work sick may be taking medications that increase the risk of incidents. Workers are not robots: Sick or distracted workers may make serious or deadly mistakes. To prevent this, have a sustainable sick day policy and encourage workers to take time off when needed – especially in dangerous occupations.

Encourage reporting. Studies have shown that the vast majority of minor incidents are not properly reported or recorded.

One study found that 85% of workers told researchers they had experienced work-related symptoms, 50% had experienced persistent work-related medical symptoms and 30% reported they had lost time from an incident or from a repetitive motion injury – yet only 5% of workers told researchers they had formally reported any of these incidents.

When asked why they didn’t report safety incidents, workers cited a number of reasons:

  • Fear of reprisal
  • Poor management response to prior reports
  • Fear of losing their job or being transferred to a less desirable position
  • Belief that pain or another medical symptom was a normal consequence of work activity or ageing.

Maintain OSHA-required injury logs. By federal law, most employers must maintain the following safety documents:

  • OSHA Form 300 –  Log of Work-Related Injuries and Illnesses
  • OSHA Form 300A – Summary of Work-Related Injuries and Illnesses
  • OSHA Form 301 – Injury and Illness Incident Report

Employers with 10 or fewer employees at all times during the preceding calendar year are exempt from the federal requirement, though many states may impose more stringent requirements.

Record near misses. Often, near misses – in which property damage, injury or fatality were narrowly avoided – can provide data that’s just as valuable as for incidents resulting in actual damages or injuries. This information can prove vital to informing prevention efforts.

Perhaps most importantly, carefully documenting all safety incidents and near misses, however minor, may help establish a culture of safety throughout the organization. 

BGES Group’s office, located in Larchmont, NY is a full service insurance agency offering, Property, Liability, Umbrella Liability, Business Auto, Bid & Performance Bonds, Inland Marine, Worker’s Compensation, New York State Disability, Group Health, Life insurance, Personal lines and Identity Theft.  

BGES Group are Worker’s Compensation Specialists for the States of New York, New Jersey and Connecticut – Issues we address: 1) Lowering pricing – we have specialty programs that can save you up to 40%; 2) Finding a new company; 3) Being cancelled or non renewed; 4) Audit disputes; 5) Company creating fictitious payroll at audit time; 6) Lowering high experience modifications factors; 7) Misclassification of payrolls; 8) Lowering or eliminating renewal deposits;   9) Getting coverage when you’ve been without for a few months; 10) Covering multiple states under one policy; 11) Eliminating 10% service or policy fees; 12) Timely issuance of certificates; 13) Always being able to get someone on the phone or by email when you need to.

Special Contractor Insurance Programs (NY) – We we have 50 insurance companies to market your general liability, umbrella liability, business auto, workers compensation, bid & performance bonds and group health coverages.  We help contractors set up proper risk transfer mechanisms.  If you’re a contractor we offer extensive information about insurance markets, coverages, risk transfer mechanisms, subcontractor screening, ways to lower your insurance costs that lower them.    

New Jersey and Connecticut Contractors:  We have a fiercely competitively priced (savings up to 50%)  General Liability, Umbrella Liability, Business Auto, Workers Compensation program.  Want to lower these costs?  Get a quote today! 

Identity Theft – Over the past year hundreds of thousands of people have had to deal with identity theft.  This has become such a huge problem so we now offer Identity Theft Protection. We heard stories of kids going for car loans and learning they owe $200,000+ to companies they never heard of.  Under our program you can protect yourself, spouse and up to 10 children.  Anyone you know can purchase this protection though our plan!  Click here to learn more or sign up. 

If you would like to speak with us call Gary Wallach at 914-806-5853 or click here to email or click here to visit our website.

Company: BGES Group, 216A Larchmont Acres West, Larchmont, NY 10538

e-mail: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2019 – BGES Group

Looking for Better General Liability, Umbrella Liability, Business Auto, Workers’ Comp Rates and Coverage? Let Us Market Your Account To Our Network of 50 Insurance Companies and Get You Better!

Here’s What We Can Offer You:

  1. A network of 50+ companies to market your account to.  More options = better rates and coverage for YOU!                                                                
  2. Have the following exclusions in your General Liability Policy?  Let us help you restructure coverage.
    1. Labor Law
    2. Employee Injury
    3. Contractor Limitation Endorsement
    4. No or limited contractual liability
    5. Exterior Height exclusion
    6. Subcontractor Insurance Requirements
    7. Whatever exclusions are in your policy that you are not comfortable with we can help address.                                                                                 
  3. Access to programs 95% of brokers do not have!                                                                                                                                                                                
  4. We do $160 million in business.  Market tens of contractor’s accounts weekly.  Have a great pulse on the marketplace.  Use our leverage and relationships to better your situation!                                                                                                                                                                                                                                       
  5. Construction insurance is our #1 area of expertise.  Most brokers are generalists.  We are one of New York’s leading experts!  We know how to present your account to companies to get you the best rates and coverage.  We know what exclusions should NOT be in your policies and custom design each of them to fit your needs!                                                                                        
  6. If you use subcontractors it is very important to screen their  policies.  We have a whole department set up to do the job!   We can help you qualify for more work!                                                                                                                                                                                                        
  7. Commercial Umbrella Liability – Has your policy’s pricing increased drastically?  We represent THE BEST companies from a pricing and coverage standpoint!                                                                                                                                                                                                                                                                                                                
  8. Worker’s Compensation – Unhappy with your pricing, company, in the middle of an audit dispute, can’t get someone on the phone when you need help?   Solution: We have a program (it is not a state plan) that is one of tri-state’s best programs!  If you haven’t obtained a quote you should!

Please note if you are in a state plan and operate out of state you could have a coverage problem.  For example, your office is in state A and you get a job in state B for 3 months.  If an employee gets injured and files claim in state B most likely you will be denied coverage.  We have a great solution!

 

 Issues We Address:

A)Lowering pricing – We have specialty programs that can save you up to 40%                            

B) Finding a new company

C) Being cancelled or non-renewed

D) Audit disputes                                                                                   

E) Company creating fictitious payroll
at audit time

F) Lowering high experience
modifications factors

G) Misclassification of payrolls

H) Lowering or eliminating renewal
deposits

I) Obtaining coverage when you’ve been without

J) Covering multiple states under one
policy

K) Eliminating 10% service or policy
fees

L) Timely issuance of certificates

M) Being able to get someone on the
phone when you need to

P) 1099 employees

Q) Looking for a new payroll service

 

 

9) Business Auto Insurance – We have 10 companies to obtain quotes from.  Unhappy with what you now pay let us take a look and see how we can help!                                                                                                                                                                                            

10) Bonding – We are on of New York’s leading bonding agencies.  We have relationships with bonding companies that can get the job done when others can’t.  We have over 40 years experience helping contractors with their bonding needs.  Try us we will make life easier for you!                                                                                                                                         

11) Group Health – We work with one of New York’s best group health insurance experts.  Unhappy with your rates?  Coverage design?  Service?  Need to deal with someone who has answers to your questions?  We have THE RIGHT person for you!  Everyone loves our guy!  Call 914-806-5853 for help today!      

                                                                                                              

12) Identity Theft – Over the past year tens of millions of credit cards have been hacked and phony checks issued.  People’s Social Security numbers are being stolen by the tens of millions.  This has become such a huge problem so we now offer Identity Theft protection. We heard stories of kids turning 18 applying for car loans and learning they owe $200,000+ to companies they never heard of.  Under this program you can protect yourself, spouse and children.  Anyone can purchase protection, and they should.  Click here to learn more or sign up.

 

BGES Group’s office, located in Larchmont, NY is a full service insurance agency offering, Property, Liability, Umbrella Liability, Business Auto, Bid & Performance Bonds, Inland Marine, Worker’s Compensation, New York State Disability, Group Health, Life insurance, Personal lines and Identity Theft.       

                                                                    –     

BGES Group are Worker’s Compensation Specialists for the States of New York, New Jersey and Connecticut – Issues
we address: 1) Lowering pricing – we have specialty programs that can save you up to 40%; 2) Finding a new company; 3) Being cancelled or non renewed; 4) Audit disputes; 5) Company creating fictitious payroll at audit time; 6) Lowering high experience modifications factors; 7) Misclassification of payrolls; 8) Lowering or eliminating renewal deposits;   9) Getting coverage when you’ve been without for a few months; 10) Covering multiple states under one policy; 11) Eliminating 10% service or policy fees; 12) Timely issuance of certificates; 13) Always being able to get someone on the phone or by email when you need to. 

 

Special Contractor Insurance Programs (NY) – We we have 50 insurance companies to market your general liability, umbrella liability, business auto, workers compensation, bid & performance bonds and group health coverages.  We help contractors set up proper risk transfer mechanisms.  If you’re a contractor we offer extensive information about insurance markets, coverages, risk transfer mechanisms, subcontractor screening, ways to lower your insurance costs that lower them. 

 

New Jersey/Connecticut Contractors: We have a competitively priced General Liability, Umbrella Liability, Business Auto, Workers Compensation program.  Rates can be up to 50% less!  Want to lower yours?  Get a quote today!              

                          

If you would like to speak with us call Gary Wallach at 914-806-5853 or click here to email or click here to visit our website.

 

Company: BGES Group
Group, 216A Larchmont Acres West, Larchmont,
NY 10538

e-mail: bgesgroup@gmail.com

© – Copyright – BGES Group 2019

Contractor insurance

How Does a Workers’ Comp Waiver of Subrogation Affect Your Business?

Contractor insurance

It is very common for the insurance requirements in a construction contract to include a provision requiring the subcontractor to waive all rights against the owner and general contractor for recovery of damages to the extent these damages are covered by the sub’s workers’ compensation and general liability or commercial umbrella liability insurance. Owners and general contractors insist on this provision because they want to protect themselves from being held liable for injuries to a subcontractor’s employee. Typically, the contractor giving the waiver asks its insurance company to attach a “waiver of subrogation endorsement” to its workers’ compensation policy.

The endorsement states that the insurance will company will not enforce its right to recover payments it makes to an injured worker from the person or organization listed on the endorsement. It applies only to the extent that the employer insured by the policy performs work under a written contract requiring the employer to obtain the insurance company’s waiver. It does not directly or indirectly benefit anyone not listed on the endorsement. With this endorsement on the policy, the company cannot attempt to recover payments it made to an injured worker from the company listed on the endorsement, even if that company was responsible for the injury. Consequently, the loss impacts the employer’s experience modification, probably increasing future premiums. In addition, the endorsement carries an additional premium for the employer, normally some percentage of the premium attributable to the job.

The endorsement and the waiver agreement in the contract do not bind the injured employee. He still has the ability to sue the owner and general contractor for his injuries. However, it is also common for construction contracts to require the subcontractor to defend and indemnify the owner and general contractor from any such suits. Therefore, it is probable that the employer will have to pay an additional premium for the endorsement, pay higher future workers’ compensation premiums for the loss, and pay higher future liability insurance premiums because its policy will cover the other parties’ liability.

For example, assume the sub’s employee suffers serious injuries when tools and materials fall off a scaffold and strike him. He collects workers’ compensation benefits for his medical costs and lost wages. The sub’s workers’ compensation policy includes the waiver of subrogation endorsement, so the insurance company cannot recover any of its payments. The worker sues the owner and general contractor for his pain and suffering. However, the contract requires the sub to cover the owner’s and general’s liability, so the sub’s liability insurance pays for the pain and suffering lawsuit. The sub’s insurance pays twice for the same injury to the same worker.

Owners and general contractors require waivers of subrogation for several reasons. Insurance consultants, brokers, and risk managers usually encourage them to require waivers. Waivers protect their liability insurance and reserve it for other claims. Because a waiver reduces potential liability losses, they become more attractive to liability insurance companies and probably pay lower premiums. Also, subcontractors often do not resist these requirements because they feel they lack negotiating leverage and their insurance companies are usually willing to provide the endorsement.

A few states have curbed the use of waivers of subrogation in their workers’ compensation systems. At least four states have passed laws making the requirements unenforceable, and other states allow the employer to recover from the injured employee some of the proceeds of pain and suffering lawsuits.

In the majority of states that allow waivers, contractors should work with professional insurance agents experienced in providing construction insurance. They can suggest insurance companies that will offer the needed coverages at a reasonable cost and assist with contractual issues such as waivers of subrogation. Above all, contractors must read and understand their contracts so that their agreements do not become an ugly surprise after a loss.

BGES Group’s office, located in Larchmont, NY is a full service insurance agency offering, Property, Liability, Umbrella Liability, Business Auto, Bid & Performance Bonds, Inland Marine, Worker’s Compensation, New York State Disability, Group Health, Life insurance, Personal lines and Identity Theft.  

BGES Group are Worker’s Compensation Specialists for the States of New York, New Jersey and Connecticut – Issues we address: 1) Lowering pricing – we have specialty programs that can save you up to 40%; 2) Finding a new company; 3) Being cancelled or non renewed; 4) Audit disputes; 5) Company creating fictitious payroll at audit time; 6) Lowering high experience modifications factors; 7) Misclassification of payrolls; 8) Lowering or eliminating renewal deposits;   9) Getting coverage when you’ve been without for a few months; 10) Covering multiple states under one policy; 11) Eliminating 10% service or policy fees; 12) Timely issuance of certificates; 13) Always being able to get someone on the phone or by email when you need to.

Special Contractor Insurance Programs (NY) – We we have 50 insurance companies to market your general liability, umbrella liability, business auto, workers compensation, bid & performance bonds and group health coverages.  We help contractors set up proper risk transfer mechanisms.  If you’re a contractor we offer extensive information about insurance markets, coverages, risk transfer mechanisms, subcontractor screening, ways to lower your insurance costs that lower them.    

New Jersey and Connecticut Contractors:  We have a fiercely competitively priced (savings up to 50%)  General Liability, Umbrella Liability, Business Auto, Workers Compensation program.  Want to lower these costs?  Get a quote today! 

Identity Theft – Over the past year hundreds of thousands of people have had to deal with identity theft.  This has become such a huge problem so we now offer Identity Theft Protection. We heard stories of kids going for car loans and learning they owe $200,000+ to companies they never heard of.  Under our program you can protect yourself, spouse and up to 10 children.  Anyone you know can purchase this protection though our plan!  Click here to learn more or sign up. 

Turn Homeowners, Business Owners, Building Owners, Restaurant Owners Into a Monthly Residual Income for Decades! This Can Be Such a Money Maker for ANYONE!   Click here then go to bottom of our website page to learn more! 

If you would like to speak with us call Gary Wallach at 914-806-5853 or click here to email or click here to visit our website.

Company: BGES Group, 216A Larchmont Acres West, Larchmont, NY 10538

e-mail: bgesgroup@gmail.com

© – Copyright – BGES Group