10 Reasons Why New York Contractors Should Use BGES Group for Their General Liability, Umbrella Liability, and Workers’ Compensation Insurance Needs

Choosing the right insurance provider is essential for New York contractors. BGES Group is a premier choice for your general liability, umbrella liability, and workers’ compensation insurance needs. Here are ten compelling reasons why New York contractors should partner with BGES Group.

1. Extensive Network of Insurance Companies

BGES Group represents a vast network of insurance companies specializing in providing coverage for New York contractors. We have access to most, if not all, of the best programs available, ensuring you receive the most comprehensive and competitive coverage options.

2. 44 Years of Experience Insuring Contractors

With 44 years of experience in insuring contractors, BGES Group has the knowledge and expertise to understand and address your unique challenges in the construction industry. This extensive experience translates into superior service and tailored insurance solutions.

3. Personalized, Mom-and-Pop Style Service

At BGES Group, we deliver personalized service reminiscent of a mom-and-pop shop. Unlike large, impersonal insurance firms, we take the time to understand your unique needs and provide tailored solutions that perfectly fit your business.

4. No Ridiculous Policy Fees

We believe in transparency and fairness. BGES Group does not charge ridiculous policy fees, ensuring that you receive the best value for your money without any hidden costs.

5. Immediate Response

When you call BGES Group, we answer the phone immediately. No more waiting on hold or navigating through automated systems. Your time is valuable, and we promptly address your concerns.

6. Experienced Account Executive

You will deal with one dedicated account executive with 44 years of experience in the insurance industry. This wealth of knowledge and expertise ensures you receive the best advice and coverage options.

7. Quick Certificate Issuance

Time is of the essence in the contracting business. At BGES Group, we understand this and typically issue certificates of insurance in minutes, ensuring that your projects can proceed without delay.

8. Always Available to Help

Problems can arise anytime, and you need reliable support when they do. At BGES Group, all you have to do is call us, and there will always be someone to help you. Our commitment to exceptional customer service means you can always resolve issues alone.

9. Competitive Pricing

We offer competitive pricing on all our insurance products. We aim to provide comprehensive coverage at rates that won’t break the bank, making it easier to protect your business and stay within budget.

10. Specialized Programs for Contractors

BGES Group specializes in construction insurance for contractors. We understand the unique risks and challenges you face and have developed specialized programs to ensure you have the right coverage for every situation.

In conclusion, choosing BGES Group for your general liability, umbrella liability, and workers’ compensation insurance needs means choosing a partner who genuinely cares about your business. With our personalized service, Immediate Response, experienced account executive, quick certificate issuance, and always-available support, you can trust us to provide the best coverage and service in the industry. Contact BGES Group today and experience the difference for yourself.

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too. 

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

10 Reasons Why a Woman Wants a Man in the Construction Field to Be Her Husband

Let’s face it, ladies – there’s just something about a man in a hard hat that makes our hearts skip a beat. But beyond the rugged good looks and impressive tool collection, there are plenty of reasons why a woman might want to tie the knot with a construction worker. Here are ten comical, yet compelling, reasons why a construction guy could be the perfect husband.

1. **He Can Fix Anything*

Got a leaky faucet? A creaky door? A shelf that needs hanging? Your construction man is basically a walking, talking **home improvement** wizard. You’ll never need to worry about hiring a handyman again – he’s got it covered!

2. **He’s Always in Shape** 

Forget gym memberships! Your construction hubby gets a workout every day on the job. Those **muscles** aren’t just for show – they’re the result of hard work and heavy lifting. Who needs a personal trainer when you’ve got him?

3. **He Loves Power Tools** 

And not just because they make cool noises. A man who knows his way around a **power drill** and a **saw** is a man who can build you that dream gazebo you’ve always wanted. Plus, the tool shed will always be fully stocked!

4. **He Knows How to Wear a Hard Hat** 

Safety first, ladies! There’s something oddly attractive about a man who looks good in a **hard hat** and a **safety vest**. It’s like a construction site fashion show every day.

5. **He’s Got Great Balance** 

Walking on narrow beams and balancing on ladders means your guy has the agility of a cat. You’ll never have to worry about him tripping over his own feet at a dance party.

6. **He’s Resourceful** 

Ran out of milk? Lost your keys? Can’t find the TV remote? No problem. Your construction guy will MacGyver his way out of any situation with his innate **problem-solving** skills and a roll of duct tape.

7. **He Can Handle the Heat** 

Working outside in all kinds of weather means he’s tough as nails. Whether it’s scorching hot or freezing cold, your man can handle it. Plus, he’ll never complain about turning the thermostat up or down.

8. **He’s Got a High Pain Tolerance** 

Splinters, bruises, and the occasional hammer-to-the-thumb are all in a day’s work. This means he won’t be whining about a little paper cut or a stubbed toe – he’s practically indestructible!

9. **He Brings Home the Bacon** 

Let’s be real – **construction work** can be pretty lucrative. With his **financial stability**, you’ll be able to afford those little luxuries you’ve always wanted. Hello, vacation fund!

10. **He’s a Master of Measurements** 

Precision is key in construction, and your man knows how to measure twice and cut once. This comes in handy when hanging pictures, arranging furniture, and even figuring out the perfect spot for your new potted plant.

Simplify Your Life with BGES Group

While your construction hero is busy building a better world (and your dream home), let **BGES Group** handle your **construction insurance** needs. We’re the go-to specialists in **New York, New Jersey, and Connecticut**, offering personalized, mom-and-pop-like service that takes away your insurance headaches. This allows you to focus on being a better husband and enjoying a happier marriage.

Contact **Gary Wallach** at 914-806-5853 for expert assistance with your business insurance needs. Remember, a happy wife makes a happy life.

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too. 

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

What Insurance Companies Look For When Conducting a New York Contractors Workers’ Compensation Audit

In the dynamic world of New York construction, **workers’ compensation insurance** is a critical safety net for both employers and employees. An integral part of maintaining this safety net is the **workers’ compensation audit**. Understanding what insurance companies look for during these audits can help contractors navigate the process smoothly, avoiding unnecessary complications and ensuring compliance.

Key Components of a Workers’ Compensation Audit

**Insurance companies** conduct workers’ compensation audits to verify that the premium paid accurately reflects the risk associated with the business operations. During the audit, they will focus on several key areas:

1. **Payroll Records**: One of the most scrutinized elements in a workers’ compensation audit is the payroll records. Auditors will examine payroll to ensure all wages are accurately reported and classified according to job duties. This helps in determining the correct premium.

2. **Employee Classifications**: Proper classification of employees is crucial. Misclassification can lead to incorrect premium charges. Auditors will verify that each worker is classified correctly based on the type of work they perform.

3. **Subcontractor Payments**: Payments to subcontractors are also reviewed. Contractors must ensure that subcontractors have their own workers’ compensation coverage; otherwise, those payments might be included in the contractor’s payroll calculations.

4. **Certificates of Insurance**: Having up-to-date certificates of insurance for subcontractors is vital. These documents prove that subcontractors have their own workers’ compensation insurance, which can prevent their payroll from being included in your audit.

What Is Included as Payroll

Payroll encompasses more than just wages. During an audit, the following are typically included as payroll:

**Gross Wages**: Total earnings paid to employees before deductions.

**Bonuses**: Any extra compensation awarded to employees.

**Commissions**: Earnings based on sales or performance.

**Overtime Pay**: Usually calculated at the straight time rate for audit purposes.

**Vacation Pay**: Compensation given to employees during their vacation period.

**Sick Pay**: Wages paid to employees during periods of illness.

What Isn’t Included as Payroll

Certain items are excluded from payroll during a workers’ compensation audit:

**Tips and Gratuities**: Money received by employees from customers that are not controlled by the employer.

**Reimbursed Expenses**: Payments made to employees for work-related expenses such as travel and meals.

**Severance Pay**: Compensation given to employees upon termination.

**Group Insurance Premiums**: Employer-paid health insurance premiums are not considered payroll.

**Third-Party Sick Pay**: Wages paid by a third party to employees during periods of illness.

Payroll Caps for High-Earning Tradespeople

In New York, there are payroll caps for certain tradespeople whose weekly earnings exceed a specific threshold. For tradespeople whose **payroll exceeds (as of 7/1/2024) $1,757.19 per week**, only the first $1,757.19 per week is considered when calculating workers’ compensation premiums. This cap helps to manage insurance costs for high-earning employees, ensuring that premiums are not disproportionately high.

Simplifying the Audit Process with BGES Group

Navigating the intricacies of a workers’ compensation audit can be daunting. However, the **BGES Group** offers comprehensive workers’ compensation programs that simplify the process. By providing tailored solutions and expert guidance, BGES Group ensures that New York contractors can focus on their business operations without worrying about the complexities of insurance audits.

Gary Wallach, a veteran insurance expert at BGES Group, can assist you with obtaining new workers’ compensation insurance and offer personalized support to make the audit process straightforward. Contact Gary Wallach at 914-806-5853 for more information.

By understanding what insurance companies look for during a workers’ compensation audit and working with experts like the BGES Group, New York contractors can achieve compliance, minimize their insurance costs, and ensure their workers are adequately protected.

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too. 

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

Understanding Professional Liability Insurance: A Guide for New York Contractors

Navigating the bustling construction scene of New York requires more than just skill and dedication—it demands the foresight to protect your business against unforeseen claims. Professional Liability Insurance stands as a beacon of security amidst the complex risks faced by contractors today. Uncover why this coverage isn’t just an option, but a necessity for safeguarding your livelihood.

What is Professional Liability Insurance?

Professional Liability Insurance, often dubbed as errors and omissions (E&O) insurance, plays a pivotal role in the construction industry. It safeguards businesses against claims of negligence, mistakes, or failures in professional services. In an intricate field like construction, where every project encompasses a myriad of details, the potential for oversights is vast. Such coverage ensures that a contractor’s financial health is protected, allowing them to rectify mistakes without bearing the brunt of hefty legal expenses.

In the heart of New York, where construction projects dot every corner, the stakes are amplified. This insurance becomes not just a safety net, but a crucial asset for contractors navigating the city’s stringent regulations and high expectations.

Why New York Contractors Need Professional Liability Insurance

New York’s construction landscape is fraught with challenges, from skyscraper renovations to sprawling new developments; each project comes with its own set of risks. Professional Liability Insurance provides a cushion against claims that can arise from even the smallest errors, ensuring that your business remains resilient in the face of adversity. Whether it’s a miscalculation on a blueprint or a deadline missed due to unforeseen circumstances, this insurance speaks the language of protection for New York contractors.

The Key Benefits of Professional Liability Insurance for Contractors

Beyond the immediate protection against claims of negligence or errors, Professional Liability Insurance offers contractors peace of mind. Knowing that potential financial losses from legal actions are covered, contractors can focus on what they do best: building and creating. Additionally, having this insurance can enhance a contractor’s reputation, demonstrating to clients and partners a commitment to accountability and professionalism.

Moreover, in the competitive bidding process for projects, having comprehensive coverage can be a deciding factor for some clients. It signifies that a contractor is not only prepared for the nuances of a project but also responsible in managing potential risks.

How to Choose the Right Professional Liability Insurance Policy

Selecting the appropriate professional liability insurance policy in New York is akin to fitting a key into a lock—it must be just right. Factors such as the size of your operations, the nature of your projects, and the level of risk exposure should guide your decision. It’s advisable to consult with an insurance broker who understands the construction industry’s nuances. This partnership can help ensure that your policy covers the specific risks your business faces, without paying for unnecessary extras.

Understanding the Cost of Professional Liability Insurance for Contractors

The cost of Professional Liability Insurance varies widely, based on the contractor’s project scope, revenue, and past claim history. In New York, where projects can range from minor renovations to major commercial developments, premiums reflect the level of risk. While it might be tempting to cut corners on coverage to save on expenses, the financial and reputational damage from a single claim can far exceed the cost of a comprehensive policy. It’s essential to strike a balance between cost and coverage.

Common Misconceptions About Professional Liability Insurance

One common myth is that Professional Liability Insurance is only for large firms. However, small and medium-sized contractors can benefit immensely from this coverage, as they often lack the financial resilience of larger companies to absorb the costs of claims. Another misconception is that general liability insurance renders professional liability coverage unnecessary. In reality, each serves distinct purposes, covering different types of risks encountered by contractors.

Real-Life Examples of Professional Liability Claims

Consider a scenario where a New York contractor was tasked with renovating a historic building but failed to account for its structural limitations. This oversight led to significant delays and additional costs, resulting in a substantial claim against the contractor. Professional Liability Insurance played a crucial role in covering legal fees and settlement costs, illustrating the tangible benefits of this coverage in real-world situations.

Securing Your Future in Construction

In the grand tapestry of the New York construction industry, Professional Liability Insurance emerges not as a mere accessory, but as a fundamental thread woven into the success of every contractor’s story. Embracing this coverage is more than a business decision—it’s a commitment to the longevity and stability of your professional journey. Let it be the shield that guards your endeavors against the unpredictabilities of this vibrant, yet challenging landscape.

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges. 

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too.  

If you want to speak with us, call Gary Wallach at 914-806-5853, click here to email, or visit our website.
 
Company: BGES Group, 216A Larchmont Acres West, Larchmont, NY 10538

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group
 

The Pitfalls of Out-of-State Workers’ Compensation Coverage for Contractors

In today’s interconnected world, many contractors find themselves working beyond the borders of their home state. While this can open up new opportunities and markets, it also introduces significant risks, especially regarding workers’ compensation coverage. Many contractors are unaware that their current policies may not provide adequate coverage when operating in another state. This article explores the implications of out-of-state work on workers’ compensation policies, highlighting the potential financial and legal repercussions and how BGES Group can offer a solution.

Understanding Workers’ Compensation Coverage

Workers’ compensation insurance is designed to provide medical benefits and wage replacement to employees injured during employment. These policies are regulated at the state level, meaning that each state has its own set of rules and requirements. Most policies are written to comply with the laws of the state where the business is domiciled (headquartered).

Assigned Risk Workers’ Compensation Policies

For many contractors, assigned risk workers’ compensation policies are a common choice. These policies are often used by businesses that may find it challenging to obtain coverage in the voluntary market due to factors such as high-risk operations or past claims history. However, assigned risk policies typically have a significant limitation: they generally only provide coverage within the state where the policy is issued.

The Risks of Out-of-State Operations

When contractors perform work outside of their home state, they might mistakenly assume that their existing workers’ compensation policy provides adequate coverage. However, this is often not the case. If the state where the work is performed is not listed on the policy, several issues can arise:

1. **Non-Compliance with Local Laws**: Each state has its own workers’ compensation laws and requirements. Operating in a state not listed on the policy means the coverage may not meet that state’s legal requirements, potentially resulting in penalties and fines.

2. **Limited Coverage**: In the event of a work-related injury, the coverage provided may only be applicable to the home state’s laws. This can result in inadequate compensation for medical expenses and wage replacement compared to what the out-of-state laws would require.

3. **Financial Liability for Business Owners**: Without proper coverage, business owners may find themselves personally liable for medical bills and lost wages that exceed what their home state’s policy allows. This can lead to significant financial strain and even threaten the viability of the business.

Real-World Implications

Consider a scenario where a contractor based in New York secures a project in New Jersey. An employee gets injured on the New Jersey job site. If the contractor’s workers’ compensation policy does not include New Jersey, the contractor may face severe legal and financial repercussions:

– **Medical Bills**: New Jersey’s workers’ compensation laws may mandate higher medical benefits than New York. The business owner could be personally liable for the difference.

– **Wage Replacement**: If New Jersey’s laws provide higher wage replacement benefits, the contractor may have to cover the shortfall out of pocket.

– **Legal Penalties**: Operating without the proper coverage can lead to fines and penalties from New Jersey’s regulatory bodies, further compounding the financial burden.

The Solution: Comprehensive Coverage with BGES Group

Contractors can avoid these risks by ensuring their workers’ compensation policies provide adequate coverage for all states in which they operate. BGES Group specializes in helping contractors navigate these complexities and secure the right coverage.

How BGES Group Can Help

BGES Group, under the expert guidance of Gary Wallach, offers tailored workers’ compensation solutions that ensure compliance and comprehensive protection. Here’s how BGES Group can assist contractors working out of state:

1. **Multi-State Coverage Options**: BGES Group can provide policies that include coverage for multiple states, ensuring compliance with each state’s specific workers’ compensation laws.

2. **Risk Assessment and Management**: Gary Wallach and his team will conduct thorough risk assessments to identify potential coverage gaps and recommend solutions that protect your business.

3. **Customized Insurance Solutions**: BGES Group offers boutique-like services, customizing policies to meet the unique needs of each contractor, regardless of where they operate.

4. **Expert Guidance and Support**: With extensive experience in the industry, Gary Wallach can provide expert advice on navigating workers’ compensation laws across different states, helping you avoid costly mistakes.

Why Choose BGES Group?

Choosing the right insurance partner can make a significant difference in your business’s financial health and legal compliance. Here are some reasons to choose BGES Group:

– **Personalized Service**: Unlike larger firms, BGES Group offers a personalized approach, ensuring that each client receives the attention and tailored solutions they need.

– **Industry Expertise**: With years of experience, Gary Wallach and his team have a deep understanding of the complexities of workers’ compensation insurance and can navigate the intricacies of multi-state operations.

– **Proactive Solutions**: BGES Group doesn’t just react to problems; they proactively identify potential issues and provide solutions to prevent them from becoming significant liabilities.

Conclusion

Operating out of state can present lucrative opportunities for contractors, but it also brings significant risks if workers’ compensation coverage is inadequate. Assigned risk workers’ compensation policies generally only cover the state in which they are issued, leaving contractors vulnerable when working elsewhere. The financial and legal repercussions of inadequate coverage can be severe, but BGES Group offers a solution.

By partnering with BGES Group, contractors can ensure they have the right coverage, no matter where they operate. Gary Wallach and his team provide personalized, expert service to help contractors navigate the complexities of multi-state operations and secure comprehensive workers’ compensation policies.

For more information on how BGES Group can help protect your business, contact Gary Wallach at 914-806-5852 or email bgesgroup@gmail.com. Ensure your workers’ compensation coverage is robust and compliant, and safeguard your business against the risks of out-of-state operations.

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too. 

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

Essential Elements For General and Umbrella Liability Policies for New York Contractors

As a contractor in New York, ensuring that you have the right insurance coverage is critical to protecting your business from various risks and liabilities. General Liability (G.L.) and Umbrella Liability policies are foundational components of a robust risk management strategy. This article will outline the key elements that should be included in these policies to provide optimal coverage.

1. Adequate Per Occurrence Limit

The cornerstone of any General Liability Policy is the per-occurrence limit, which determines the maximum amount the insurer will pay for a single claim. For New York contractors, it is advisable to have at least a $1 million limit per occurrence. However, given the potential for high-cost claims in the construction industry, a $2 million limit is often more prudent. This protects against significant incidents that could otherwise jeopardize your financial stability. 

2. Blanket Additional Insured Coverage                                                                                                                                                                                                                                                     

Blanket additional insured coverage is a crucial feature to include in your liability policies. This provision automatically extends coverage to other parties, such as clients or subcontractors, without needing to add them individually. Ideally, this should come with no privity issues, meaning the additional insured parties are covered without requiring a direct contractual relationship with the policyholder. This flexibility is precious in construction projects’ fast-paced and complex environments.                                                      

3. Blanket Waiver of Subrogation                                                                                                 

A waiver of the subrogation clause prevents your insurer from seeking reimbursement from third parties after paying a claim. A blanket waiver of subrogation ensures that this protection extends to all parties involved in a project, minimizing disputes and fostering smoother collaborations. This clause is essential for maintaining good working relationships and avoiding legal entanglements arising from claims recovery efforts.                  

4. Contractual Liability Coverage                                                                                                 

Contractual liability coverage is another vital element that should be part of your G.L. policy. This coverage protects you when you assume liability for another party through a contractual agreement. In the construction industry, contractors frequently enter into contracts that include indemnity clauses, making this coverage indispensable for managing risks associated with these agreements.                                                                               

5. Per Project Aggregate Limit

Your policy should include a per-project aggregate limit to ensure comprehensive coverage across multiple projects. This provision resets the aggregate limit for each project, providing dedicated coverage amounts per project rather than sharing a single limit across all projects. This is particularly beneficial for contractors handling several projects simultaneously, as it ensures that a claim on one project increases the available coverage for others.                                                                                                                                                                  

6. Primary and Non-Contributory Coverage                                                                                                                                           

Primary and non-contributory coverage ensures that your policy responds first in case of a claim without requiring contributions from other insurance policies that might also cover the incident. This is a crucial feature for subcontractors, as it aligns with the standard requirements of general contractors and project owners. It simplifies the claims process and avoids potential disputes over which policy should respond first.                                                                                                              

7. Avoiding Hard Hammer Clauses for Independent Contractors                                                                                                        

Understanding the nuances of hard, soft, and no-hammer clauses is crucial when it comes to contractor liability policies, especially regarding subcontractors’ insurance.

A hammer clause in contractor insurance is an exclusionary form that can be added to a general liability policy to limit or remove coverage based on the insurance status of subcontractors. It’s also sometimes called a “Sub-Warranty”.                                                         

The hammer clause makes the general contractor (G.C.) responsible for ensuring that their subcontractors have the coverage required by the policy. This can force the G.C. to maintain good risk transfer and document review practices. If a subcontractor doesn’t comply with the insurer’s regulations, the G.C. could risk their insurer not paying claims. 

Insurance companies can add a “Hard Hammer Clause” or “Soft Hammer Clause” form.  A Soft Hammer Clause can afford coverage if the subcontractor’s insurance does not comply with all G.C.’s insurance company’s requirements. In the event of a claim, it is usually subject to a high deductible.                                                                                                                                                                                     

Ideally, a Hammer Clause should not be attached to one’s policy; however, it is becoming increasingly difficult to find a carrier that will do so, at least for New York contractors.

8. Height Restrictions                                                                                                                                                                                                                                             

Height restrictions are common in liability policies for contractors, limiting coverage for work performed above a certain height. It’s essential to clarify whether these restrictions apply to exterior, interior, or both types of work. Many policies may exclude coverage for work performed above two or three stories, significantly impacting contractors involved in high-rise construction. Ensuring you understand and negotiate these restrictions to align with your scope of work is crucial for comprehensive coverage.                                                                                                                                        

9. Contractors Limitation Endorsement                                                                                                                                                                                                   

Lastly, check if your policy includes a contractor’s limitation endorsement, specifying the work type covered. This endorsement can restrict coverage to certain construction activities, potentially excluding others. For instance, a policy might cover residential construction but exclude commercial projects. Ensure that the endorsement aligns with your business’s full range of services to avoid coverage gaps that could expose you to significant risks.                                                                                                                                                                                                                          

Why Choose BGES Group for Your Insurance Needs?                                                                                                                                                              

Navigating the complexities of liability insurance can be daunting, but BGES Group specializes in construction insurance and can tailor policies to meet your specific needs. Our experts understand the unique risks faced by New York contractors and can help you secure comprehensive coverage that protects your business from potential liabilities.

Gary Wallach, a seasoned insurance professional, leads our team with extensive experience and a commitment to providing personalized service. We work closely with you to understand your operations and risk exposures, ensuring your insurance program offers the best protection.                                                                                                                                                                                                          

Contact Gary Wallach at 914-806-5853 or email bgesgroup@gmail.com to discuss your insurance needs and get a policy that fits your requirements perfectly.                                          

By partnering with BGES Group, you can focus on your core business activities with the confidence that you are well-protected against unforeseen risks. Let us help you safeguard your business and achieve peace of mind through superior insurance solutions tailored to your needs.                                                                                                                                        

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.                                                                                                                                                                           

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too.                                                                                                                           

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

Eight (8) Questions Every Carpentry Contractor in New York, New Jersey, and Connecticut Should Ask Their Insurance Provider

Navigating the ins and outs of carpentry contractor insurance in the tri-state area isn’t just about ticking boxes; it’s about securing your business’s future. Here’s what you need to know to ensure you’re fully covered.

1. What kind of coverage does my carpentry business really need?

The foundation of securing a solid insurance plan begins with understanding the specifics of what your business encounters daily. From property damage to legal liabilities, assessing the scope of potential risks is crucial. General liability insurance is a must-have, but don’t overlook the importance of specialised coverages like commercial auto and workers’ compensation. Each project and piece of equipment introduces unique challenges and dangers, making comprehensive coverage not just advisable, but essential.

2. How does geographical location impact my insurance rates?

Your carpentry business’s location can significantly influence your insurance premiums. Urban areas, especially in places like New York, often face higher rates due to increased risks of theft, vandalism, and even liability lawsuits. Factors such as the local climate and natural disaster prevalence (think hurricanes in Connecticut or blizzards in New Jersey) also play into how much you’re paying. Understanding this will help you better budget for your insurance costs while ensuring you’re not underinsured for your area’s specific risks.

3. Are there any insurance discounts available for carpentry contractors?

Yes, discounts aren’t just for personal insurance; they’re also applicable to business policies. Many providers offer reduced rates for businesses that implement safety training programs, utilize security systems, or maintain a claims-free history. Additionally, bundling different policies with the same carrier can also lead to savings. Don’t hesitate to ask your provider about potential discounts. It’s an excellent way to reduce costs without compromising on coverage.

4. What happens if my carpentry tools and equipment get damaged or stolen?

Tools and equipment are the lifeblood of your carpentry business, and their loss can lead to significant downtime and out-of-pocket expenses. Look for policies that offer contractor’s equipment insurance, which covers repair or replacement costs. Whether damage occurs on-site, in transit, or at your shop, this coverage ensures you won’t have to pause operations for long. It’s essential to document your tools and keep detailed records, as this will streamline the claims process should an incident occur.

5. Does employee injury coverage differ from state to state?

Yes, the requirements and extent of worker’s compensation insurance can vary widely across New York, New Jersey, and Connecticut. Each state has its own set of rules and minimum coverage amounts. It’s critical to research your state’s specific mandates to ensure compliance and protect your employees effectively. Worker’s compensation doesn’t just cover medical expenses; it can also provide disability benefits and lost wages, making it a cornerstone of your business’s safety net.

6. How can I ensure my subcontractors are also covered?

Ensuring that your subcontractors are adequately insured is a shared responsibility. Have a policy that requires all subcontractors to carry their own insurance, including workers’ compensation and liability insurance. This approach not only protects them but also shields your business from potential liabilities. Verifying their coverage through certificates of insurance before starting work can prevent complications down the line. Remember, clear communication and contractual agreements about insurance expectations are key to a smooth partnership.

In instances where subcontractors are not insured, your policy may extend to cover them, but this often leads to higher premiums for you. Evaluate the risks and benefits thoroughly to decide the best approach for your business.

7. What impact does the size of my carpentry business have on my insurance policy?

The size of your carpentry business directly influences your insurance needs and costs. Larger businesses with more employees, more significant assets, and more complex projects tend to face higher risks and thus require more extensive coverage. However, business growth also offers an opportunity to reassess your policy and ensure it reflects your changing needs. An annual insurance review is a good practice to adapt your coverage as your business scales and evolves.

8. Are there specific insurance requirements for carpentry projects in high-risk areas?

Projects located in areas prone to natural disasters or high crime rates may require specialized insurance coverages. Flood or earthquake endorsements might be necessary in addition to your standard policy. Likewise, projects in urban areas might demand higher liability limits. Talking to a local insurance expert can provide insights into the specific requirements and risks associated with your project’s location. Always consider the unique characteristics of each project site when discussing your insurance needs.

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too.

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

Many Small Businesses Can’t Detect Workers’ Comp Fraud

Fraud eats away at workers’ comp costs for all businesses, but it hits small firms the hardest as they may not have the resources to identify bogus claims.

According to a new study by workers’ comp insurer Employers Holdings Inc., about 20% of small-business owners are unprepared to identify workers’ compensation fraud.

It’s estimated that at least 10% of claims are fraudulent, so identifying those illicit claims would keep your workers’ comp claims in check and reduce premiums.

Claims fraud happens when an employee tries to gain workers’ comp benefits by falsely stating that an injury or illness occurred at work or by exaggerating an existing injury or disease.

“Workers’ compensation fraud is a serious crime that can strain business operations, lead to higher insurance costs for businesses, and even undermine honest workers legitimately injured on the job,” said Ranney Pageler, vice president of fraud investigations at Employers Holdings.

The company found:

  • 13% of small-business owners are concerned that one of their employees would commit workers’ comp fraud by faking an injury or illness to collect benefits.
  • 21% are unsure of their ability to identify such fraud.
  • 24% have installed surveillance cameras to monitor employees on the job.

The most vital indicators of potential claims fraud noted by survey respondents include:

  • The employee had a history of claims (58%).
  • There were no witnesses to the incident (52%).
  • The employee did not promptly report the injury or illness (52%).
  • The reported incident coincided with a change in employment status (51%).

What you can do

Pageler recommends that small-business owners look for the following warning signs:

  • Monday morning (or start of shift) injury reports. The alleged injury occurs first thing Monday morning or late Friday afternoon but is reported on Monday.
  • Employment changes. The reported accident occurs immediately before or after a strike, job termination, layoff, end of a big project, or the conclusion of seasonal work.
  • Suspicious providers. The employee’s medical providers or legal consultants have a history of handling suspicious claims, or groups of claimants use the same doctors and lawyers.
  • There are no witnesses to the accident, and the employee’s description does not logically support the cause of the injury.
  • Conflicting descriptions. The worker’s accident description conflicts with the medical history or injury report.
  • History of claims. The claimant has a history of suspicious or litigated claims.
  • Refusal of treatment. The claimant refuses a diagnostic procedure to confirm the nature or extent of an injury.
  • Late reporting. The employee needs a reasonable explanation to report the claim.
  • The allegedly disabled claimant is hard to reach at home and does not respond promptly to messages.
  • Frequent changes. The claimant has a history of frequently changing physicians, addresses, or jobs.

It should be noted that one of these indicators alone may not indicate fraud, so don’t jump to conclusions.

If you suspect a worker may be committing claims fraud, you should first alert the special investigations unit or fraud unit within your insurance company’s claims department.

If the insurer deems that the claim may be fraudulent, the appropriate law enforcement authorities will likely be involved in the investigation. But that will only happen after the carrier has conducted its investigation.

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too. 

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

Unhappy with Your Group Health Plan? Well, BGES Group Offers Another Way to “Skin a Cat.”

Navigating the complexities of group health plans can often feel like an uphill battle, leaving many business owners and employees dissatisfied with their current arrangements. If you find yourself in this situation, BGES Group presents a versatile and comprehensive alternative to traditional group health plans. By integrating payroll services, workers’ compensation and group health insurance into one seamless program, BGES Group offers a streamlined approach to managing your business’s insurance and payroll needs.

Five Reasons to Use BGES Group’s Plans

1. **Simplified Administration**

Managing payroll, workers’ compensation, and group health coverage separately can be a logistical nightmare. BGES Group’s plans consolidate these services, reducing administrative burdens and allowing you to focus on running your business. With a single point of contact and integrated services, you save time and avoid the hassle of dealing with multiple providers.

2. **Cost Savings**

By bundling payroll, workers’ compensation, and group health coverage, BGES Group’s plans offer significant cost savings. This integrated approach often results in lower premiums and reduced administrative costs, making it a financially savvy choice for businesses of all sizes.

3. **Compliance and Risk Management**

Staying compliant with the ever-changing landscape of labor laws and regulations can be daunting. BGES Group’s plans provide expert guidance and support to ensure your business remains compliant. From payroll taxes to workers’ compensation regulations and healthcare mandates, BGES Group plans help you navigate these complexities, reducing your risk of costly fines and penalties.

4. **Enhanced Employee Benefits**

Offering competitive benefits is crucial for attracting and retaining top talent. BGES Group’s plans include access to high-quality group health coverage options, giving your employees the benefits they need and deserve. By providing a comprehensive benefits package, you can enhance employee satisfaction and loyalty, which in turn boosts productivity and reduces turnover.

5. **Tailored Solutions**

Every business is unique, and BGES Group understands that a one-size-fits-all approach doesn’t work. Their plans are customizable to fit the specific needs of your business. Whether you need basic payroll and workers’ compensation services or a full suite of benefits including group health coverage, BGES Group can tailor a solution that aligns with your goals and budget.

Contact BGES Group for a Custom Solution

If you’re frustrated with your current group health plan and are seeking a more efficient, cost-effective, and comprehensive solution, BGES Group is ready to assist. Their integrated plans provide a simplified, cost-saving alternative that enhances compliance, offers superior employee benefits, and is tailored to meet your business’s unique needs.

For help with your insurance and payroll needs, contact Gary Wallach at 914-806-5853 or email BGESGroup@gmail.com. Let BGES Group show you another way to “skin a cat” and streamline your business operations today.

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too. 

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

BGES Group: Top Workers’ Compensation Insurance Specialists for Construction and Transportation Industries

BGES Group is a premier workers’ compensation insurance specialist serving New York, New Jersey, and Connecticut. Renowned for its personalized service and industry expertise, BGES Group offers exceptional programs tailored specifically for the construction and transportation sectors. These programs, including payroll/workers’ compensation and Professional Employer Organization (PEO) services, are designed to provide comprehensive support and cost-effective solutions for business owners.

Here are five key ways BGES Group can help your business thrive:

1. Streamlined Payroll and Workers’ Compensation Integration

Managing payroll and workers’ compensation separately can be a daunting task for any business owner, especially in the construction and transportation industries where payroll complexities and labor risks are high. BGES Group offers integrated solutions that combine payroll processing with workers’ compensation coverage. This seamless integration not only simplifies administration but also ensures accurate premium calculations, reducing the likelihood of overpayments or audits.

2. Expert Risk Management and Safety Programs

Construction and transportation are inherently risky industries, making safety and risk management crucial. BGES Group program’s provide expert risk management services and safety programs tailored to your specific needs. By identifying potential hazards and implementing preventative measures, BGES Group program’s help businesses reduce workplace injuries and claims. This proactive approach not only protects employees but also minimizes insurance costs and improves overall operational efficiency.

3. Cost-Effective PEO Services

For businesses seeking a more comprehensive solution, BGES Group offers Professional Employer Organization (PEO) services. Through a PEO, businesses can outsource critical HR functions, including payroll, benefits administration, and regulatory compliance, to a team of experts. This allows business owners to focus on core operations while enjoying the benefits of group rates for workers’ compensation and health insurance, leading to significant cost savings.

4. Customized Insurance Programs

No two businesses are alike, and BGES Group understands this well. They offer customized insurance programs that are specifically designed to meet the unique needs of construction and transportation companies. Whether you need payroll services, worker’s compensation or group health coverage, BGES Group works closely with you to develop a program that provides the right level of protection without unnecessary costs.

5. Dedicated Support and Industry Expertise

Navigating the complexities of workers’ compensation insurance can be challenging. BGES Group prides itself on providing dedicated support and industry expertise to its clients. With a deep understanding of the regulatory landscape and the specific challenges faced by construction and transportation businesses, BGES Group’s offers guidance and support every step of the way. From policy selection to claims management, their hands-on approach ensures that you receive the best possible service and outcomes.

In the highly competitive and regulated environments of the construction and transportation industries, having a reliable insurance partner is essential. BGES Group’s comprehensive programs and expert services not only protect your business but also contribute to its growth and success. Their commitment to personalized service, cost-effective solutions, and industry expertise makes them a top choice for business owners seeking reliable workers’ compensation insurance.

For more information and personalized assistance, contact Gary Wallach at 914-806-5853 or bgesgroup@gmail.com. With BGES Group, you can rest assured that your business is in capable hands, allowing you to focus on what you do best.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too. 

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group