Running a contracting business in New York requires not just skill and precision, but also a robust insurance plan. The right insurance policies can protect you against unexpected mishaps, legal liabilities, and financial setbacks. Let’s dive into the essential insurance policies every contractor in New York should consider.

1. General Liability Insurance

General Liability Insurance is a must-have for any contractor. It covers bodily injury, property damage, and personal injury claims that might arise during the course of your work.

Imagine you’re working on a client’s property, and something goes wrong—maybe a tool slips and causes damage, or a visitor trips over equipment and gets injured. These scenarios are exactly why general liability insurance is crucial. It’s your first line of defense, covering legal fees, medical expenses, and potential settlement costs. In a bustling, high-risk environment like New York, this type of coverage isn’t just recommended; it’s essential for your business’s sustainability.

In New York, general contractors often need to show proof of insurance before securing contracts or renting commercial spaces. According to Insureon, this policy can protect your business from expenses associated with common mishaps, such as customer property damage and injuries. Without it, even a minor incident could lead to significant financial strain.

2. Workers’ Compensation Insurance

Workers’ Compensation Insurance provides benefits to your employees if they get injured or fall ill while on the job. It’s a legal requirement in New York and essential for protecting both your staff and your business.

Covering medical expenses, rehabilitation costs, and even lost wages, this insurance ensures your employees get the support they need without causing a financial burden on your business. New York’s regulations are very strict about this; failing to have workers’ compensation can result in hefty fines, legal fees, or worse, shutting down of operations.

For example, the median annual cost of workers’ compensation insurance for general contractors in New York is $4,799, which is significantly higher than the national median, according to Insureon. Despite the cost, this policy is non-negotiable for maintaining compliance and protecting your workers.

3. Commercial Auto Insurance

For contractors who use vehicles for their business, Commercial Auto Insurance offers protection against accidents, theft, and other damages. This is particularly important if your work requires travel to multiple job sites.

Think about the vehicles that transport your team, equipment, and materials daily. Whether it’s a truck full of tools or a van carrying your crew, any damage or accident could derail your projects and deplete your finances. This policy covers medical bills, repair costs, and even legal fees in the event of an accident, keeping your operations smooth and efficient.

In a bustling city like New York, where road accidents are frequent, having commercial auto insurance is indispensable. Not only does it keep your business compliant with state laws, but it also provides a safety net for unforeseen events on the road.

4. Professional Liability Insurance

Also known as Errors and Omissions Insurance, Professional Liability Insurance covers legal defense costs and settlements if a client sues you for negligence or mistakes in your work.

Imagine a scenario where a client claims your work didn’t meet industry standards or caused them financial loss. Professional liability insurance safeguards you against lawsuits related to errors, omissions, or negligence. This coverage is particularly critical in New York’s competitive market where clients often have high expectations and won’t hesitate to take legal action.

Errors and omissions insurance will cover everything from legal fees to settlements, ensuring that a single lawsuit doesn’t cripple your business. It’s peace of mind knowing that if you make a mistake, your business won’t face financial ruin.

5. Builder’s Risk Insurance

Builder’s Risk Insurance protects buildings under construction, covering damage from events like fire, vandalism, or severe weather. This policy is vital for contractors involved in new builds or substantial renovations.

Construction sites are filled with unpredictable elements—from weather conditions to potential vandalism. Builder’s risk insurance acts as a shield against these uncertainties, ensuring that in-progress projects are protected against physical loss or damage. For large-scale constructions, this is not just a precaution but an investment in the security of your work.

According to Insureon, builder’s risk insurance can cover damage due to fires, vandalism, and theft among other perils. This is particularly crucial in New York where building projects face unique urban risks, making this coverage critical to maintaining financial stability.

6. Tools and Equipment Insurance

This type of insurance safeguards your tools and equipment from theft, damage, or loss. It’s essential for keeping your operations running smoothly if something unexpected happens to your valuable gear.

Contracting work relies heavily on specialized tools and machinery. Imagine the financial impact of losing a key piece of equipment to theft or damage. Tools and equipment insurance provides a safety net, ensuring that you can replace or repair essential gear without major financial strain. It covers both stationary tools and those transported between job sites.

In a fast-paced environment like New York, where projects are constantly on the move, having this coverage ensures your operations aren’t disrupted due to unforeseen equipment mishaps. Without it, even minor issues can lead to significant delays and cost overruns.

7. Umbrella Insurance

Umbrella Insurance provides an extra layer of liability coverage, going beyond the limits of your standard policies such as General Liability or Auto Insurance. This is beneficial for contractors facing significant risks.

Imagine a scenario where your business faces a major lawsuit and the settlement exceeds the limits of your general liability insurance. Umbrella insurance steps in to cover the excess, ensuring you’re not left out-of-pocket. This expanded coverage is particularly valuable in highly litigious environments like New York, where lawsuits can quickly escalate.

Adding this extra layer of protection ensures that even the most severe claims are manageable, safeguarding your business’s future. It’s a small investment for substantial peace of mind in a high-risk industry.

8. Surety Bonds

Surety Bonds are not a typical insurance policy, but they are essential for contractors. They ensure that you complete projects as agreed upon, providing financial security to your clients.

Surety bonds act as a contractual guarantee that a project will be completed as specified. They cover various obligations, from bid bonds, which secure the bid process, to performance bonds, which guarantee the completion of the actual contract. This not only reassures your clients but also positions your business as reliable and trustworthy.

9. Pollution Liability Insurance

For contractors working with hazardous materials or on environmentally sensitive projects, Pollution Liability Insurance covers claims related to pollution incidents that may arise during your work.

In the construction industry, handling materials that can cause environmental damage is often a part of the job. Pollution liability insurance provides essential coverage for incidents involving hazardous materials, protecting against legal and cleanup costs. It’s particularly vital in a state like New York, where environmental regulations are stringent.

This coverage ensures that a single pollution-related incident doesn’t undermine your financial health, opening up the door for continued and compliant operations in all your projects.

10. Business Owner’s Policy

A Business Owner’s Policy (BOP) combines General Liability and Property Insurance into one package, offering comprehensive coverage for small to medium-sized contracting businesses in New York.

A BOP is an attractive option because it bundles essential coverages into one package, often at a reduced cost. It covers a range of risks, from property damage to liability claims, making it an efficient and cost-effective solution for smaller contracting businesses. Having this policy means you’re prepared for various contingencies without breaking the bank.

In New York, where the costs of individual policies can be high, a BOP provides a balanced approach to maintaining extensive coverage while staying within budget. This makes it a practical choice for contractors looking to secure their operations comprehensively.

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
 

For New York contractors, obtaining liability insurance quotes is a crucial step in ensuring that their business is protected from potential claims and liabilities. The process can be complicated, but the key to success is organization. The more organized and prepared a contractor is, the smoother the process will be. Here’s a breakdown of the information typically required to secure the best possible coverage at the best possible rates.

Organization is Key

When it comes to obtaining liability insurance quotes, contractors who have been in business for several years will likely have a standard set of documents readily available. Staying organized and keeping detailed records helps ensure that the process is seamless, especially when dealing with multiple insurance companies. The following information is usually needed:

1. Completed Contractor Questionnaire

This is one of the first steps in the insurance process. The contractor will need to complete a detailed contractor questionnaire that includes a thorough description of the type of work they do. Insurance providers use this to assess the risks associated with the business, so the more detailed and accurate the description, the better. This ensures the contractor receives an accurate quote that matches the scope of their business operations.

2. Five Years of Liability, Auto & Workers’ Compensation Loss Runs

Insurance companies will want to review your history of claims before offering a quote. Contractors will need to provide five years’ worth of liability, auto, and workers’ compensation loss runs. These loss runs are a record of all claims made on previous policies and can significantly impact the rates a contractor receives. The cleaner the loss history, the better the chance of obtaining favorable rates.

3. Schedule of Four Largest Projects in the Past Five Years

Contractors will also need to submit a schedule of their four largest jobs completed in the past five years. This list provides the insurance company with insight into the scope of the contractor’s past projects and the level of risk involved. Including detailed information such as the location and description of work done, value of job, # on site employees, # of subcontractors, start and end dates is essential for obtaining an accurate quote.

4. Schedule of Four Largest Ongoing Projects

In addition to a history of completed jobs, insurance providers will also want to know about any ongoing projects. A schedule of current or upcoming work will help the insurance company assess any ongoing liabilities or risks that may affect the contractor’s coverage needs. This can include information about the location and description of work, value of job, # on site employees, # of subcontractors, start and end dates of projects.

5. Signed Insurance and Hold Harmless Agreements from Subcontractors

Contractors often work with subcontractors, and insurance companies will want to know that these subcontractors are properly covered. Contractors will need to provide two signed insurance and hold harmless agreements from their subcontractors. This should also include updated certificates of insurance. This shows that subcontractors have their own liability coverage and will hold the contractor harmless in the event of a claim.

6. Resumes on Owners

Finally, the insurance company may require resumes for the company owners. This helps the insurer assess the experience and qualifications of those managing the business. This is an important part of understanding the contractor’s ability to manage risks and ensure safety on job sites. Owners with extensive experience in the industry can often help lower insurance costs by showing they are proactive in mitigating risks.

Why Choose BGES Group?

BGES Group is one of New York’s construction insurance specialists. Our office offers boutique-like service, providing contractors with personalized attention and expertise. We understand the complexities of New York’s construction insurance market and are dedicated to helping contractors secure the best coverage at competitive rates.

At BGES Group, we pride ourselves on being accessible and responsive. You can easily reach us whenever you need assistance, and we will work closely with you to ensure your business is properly protected.

Contact Gary Wallach Today

If you are a New York contractor looking for liability insurance, look no further than BGES Group. Contact Gary Wallach, one of the top insurance experts in New York for construction, to get the personalized service you deserve.

Phone: 914-806-5853 

Email: bgesgroup@gmail.com 

Let BGES Group help you navigate the insurance landscape with confidence and ease!

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

If you’re a New York business owner, you’ve likely experienced the frustration of dealing with an insurance agency that seems to care more about making money than providing quality service. You call for help and find that no one answers their phone. Your policy and service fees are through the roof, and your insurance rates seem to rise every year without any explanation. Worst of all, when you do finally get someone on the line, it’s always a different person, and it can take days to resolve urgent matters. Sound familiar?

This is all too common with large, impersonal insurance agencies. These companies are driven by profits, often buying up smaller agencies and offering little in terms of personalized service. They don’t check your policies for accuracy or work with you to find the best rates or coverage. And when something goes wrong, you’re left waiting for a resolution that feels like it will never come.

If you’re tired of this hassle, there’s a much better option: BGES Group.

Why BGES Group is Different

At BGES Group, we specialize in New York construction insurance and workers’ compensation insurance for companies of all types. Unlike the big, factory-like agencies, BGES Group is a family-owned, boutique insurance agency that offers mom-and-pop-like service. When you call us, you won’t have to deal with long hold times or be passed from one representative to another. You’ll speak directly with Gary Wallach, the owner, who is available Monday through Sunday to assist you with your insurance needs.

Personalized Service for Your Business

One of the key reasons BGES Group stands out is our personalized service. We take the time to get to know your business and understand your unique needs. Unlike the large agencies that treat you like just another policy, we treat you like a valued client. Our focus is on **building lasting relationships** and providing solutions that make sense for your company.

Whether you’re in the construction industry or any other field, we can tailor a policy that offers the best coverage at the best price. We understand the intricacies of workers’ compensation insurance and the specific risks faced by New York businesses, especially in industries like construction. BGES Group is here to ensure that your coverage is accurate, comprehensive, and affordable.

Serving the Tri-State Area

BGES Group is proud to serve businesses throughout the Tri-State area, helping local companies find the insurance solutions they need without the runaround or exorbitant fees. We provide clear, straightforward policies and ensure that you’re always informed about your coverage. We’re committed to delivering the highest level of service, with a level of care and attention you won’t find with large insurance corporations.

Contact BGES Group Today

If you’re fed up with the poor service and rising costs of your current insurance provider, it’s time to make a change. BGES Group is here to offer you a better, more personalized experience that’s focused on your business’s unique needs. Gary Wallach is ready to help you find the right insurance solution.

Contact Information:

Gary Wallach*

Phone: 914-806-5853 

Email: bgesgroup@gmail.com 

Don’t settle for less. Get in touch with BGES Group today and start experiencing the difference that personalized, high-quality service can make for your business.

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

As a New York business owner, finding the right workers’ compensation insurance can often feel like navigating a maze. If you’re feeling frustrated with high premiums, poor service, or inadequate coverage, you’re not alone. Many business owners share these concerns, but the good news is that BGES Group can offer the solutions you’re looking for.

BGES Group: 20 Tailored Programs for New York Business Owners

At BGES Group, we understand that every business is unique, which is why we offer 20 different specialized programs to meet the diverse needs of New York businesses. Whether you’re in construction, manufacturing, or another industry, we have a program designed for your specific needs. Our goal is to provide customized coverage that ensures your business and employees are protected, while also keeping costs manageable.

Experience Mom-and-Pop Service with BGES Group

At BGES Group, we pride ourselves on offering personal, mom-and-pop-like service. When you call, you’ll speak directly to us—no long hold times or endless transfers. We believe in building strong relationships with our clients, and we take the time to understand your business’s needs to find the best workers’ compensation coverage for you. Our service is all about making your experience as easy and efficient as possible.

Save Up to 30% with BGES Group’s Payroll Service Program

One of BGES Group’s standout offerings is our comprehensive payroll service workers’ compensation insurance program. This program bundles payroll services, workers’ compensation insurance, and group health insurance into one seamless package. By combining these services, you may be able to reduce your costs by up to 30%. This program is designed to streamline your operations and lower your overall insurance expenses while providing top-notch coverage and health benefits.

Why Choose BGES Group?

– Tailored Solutions: With 20 different programs available, we ensure that your business receives the right coverage.                                                 

– Personalized Service: Skip the long hold times. When you reach out, you get direct access to our expert team.                                                            

– Cost Savings: Our payroll service program can help you save up to 30% on your insurance costs.                                                                                        

– Expertise: We specialize in working with businesses of all types, offering specialized services for a wide range of industries.

Get the Help You Need Today

If you’re ready to find better workers’ compensation insurance and receive personalized service, BGES Group is here to help. Contact Gary Wallach, New York’s expert on workers’ compensation insurance for business owners, at 914-806-5853 or via email at bgesgroup@gmail.com. We’re here to answer your questions and guide you through the process of finding the perfect insurance solution for your business.

Don’t wait—contact us today and let BGES Group help you save on your workers’ compensation insurance while receiving the exceptional service you deserve!

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

One of the keys to managing risks when you first start a business is getting the right insurance to cover your operations, property and potential liabilities.

Unfortunately, many business owners fail to update their policies and just renew them year after year even if the company has grown, expanded operations and facilities, and added new equipment and property. If this is the case, the old coverage would be insufficient.

Business owners should review their policies every year to catch any omissions and make sure they are not underinsured. It is common for smaller businesses to secure a basic business owner’s policy (BOP) and workers’ comp when they first get started. A BOP includes:

• Property insurance for buildings and contents owned by the company.
• Business interruption insurance, which covers the loss of income resulting from a fire or other catastrophe that disrupts the operation of the business.
• Liability protection, which covers your company’s legal responsibility for the harm it may cause to others. This harm is a result of things that you and your employees do or fail to do in your business operations that may cause bodily injury or property damage due to defective products, faulty installations and errors in services provided.

Outgrowing BOP coverage

As your business expands, you may outgrow the BOP and need additional coverage to manage your risks. Some examples include the following:

• Workers’ comp. While you likely added a workers’ comp policy when you made your first hire, you will need to update it as you add more staff. If you don’t, when your insurer audits you, you may face a hefty bill for additional premium. Be diligent about your policy and inform your insurer as you grow.
• Excess umbrella or liability coverage. You should consider this insurance to cover claims that exceed your BOP’s limit, providing you with an added layer of protection to protect your assets.
• Professional liability insurance. These policies provide coverage for mistakes for any professional services you provide. This used to be mainly for doctors, attorneys and accountants, but as our service sector has expanded it includes services provided by coders and software developers, appraisers, consultants, real estate brokers, graphic designers and home inspectors, among others.
• Auto, non-owned and hired coverage. This protects business owners if an employee has an accident while driving a rental or personal vehicle on the job. 
• Employment practices liability insurance. This covers human resources issues related to discrimination, harassment and termination.
• Commercial auto insurance. This coverage protects autos that are not under a personal policy.
• Directors and officers liability coverage. This protects officers and directors in the event they are sued for wrongful acts while on duty.

Depending on the business, some or most of these insurance options may be required for adequate protection. Annual reviews with us are ideal for discussing your options. Make sure these elements are considered:

• If computers, equipment or other types of property have been added, this would be reason to increase policy limits.
• While revenue is an important consideration, it is also important to remember that it is a potential liability. 
• A general liability or BOP may be affected if the owner has moved, added or closed locations.
• Hired and non-hired auto insurance is necessary if workers are driving frequently in rented vehicles. 
• For specific types of work and services, employers may need additional endorsements for their general liability policies.
• People who are serving new industries or clients may have problems with their professional liability coverage if they have large amounts of high-risk industries or customers.
• If you experience an increase in the number of workers you have, or there is a higher turnover rate, it is important to think about employment practices liability coverage. And as mentioned, your workers’ comp policy should be updated to reflect any staffing changes and that you categorize your workers properly.

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

As employers have found in the last few years, hiring has become more difficult as the labor market has tightened amid a strong economy.

With slim pickings, many firms are having to settle for workers they may not normally hire – but that can lead to issues.

Some employers even have a hard time finding candidates that don’t have substance abuse issues, while some people are serial workers’ comp filers, malingerers or have prior industrial injuries that can end up affecting your bottom line and X-Mod.

Here are some suggestions for helping you avoid someone who is likely to either suffer a workplace injury or file a fake workers’ comp claim:

Dig deeper in references

The difficult part is making sure employee selection meets your expectations. This may not be easy, particularly for smaller businesses, since vetting applicants is often limited to calling references they provide and perhaps a drug test.

Yet, even the basic step of contacting references can be made more effective by asking them if they know others who may have knowledge of the applicant. By extending the reach, it’s quite possible to obtain additional information that can be helpful in evaluating prospective employees.

The integrity test

This is one of the more effective tools for identifying job applicants who may be likely to file workers’ comp claims.

Employers often don’t use integrity tests in the belief that they are too expensive. But, a study by Cornell hospitality professors Michael Sturman and David Sherwyn of 27,000 employees of a national hotel chain highlighted the value of using such a test.

Using a test developed by American Tescor, the hotel hired 6,100 of 29,000 applicants. They then used the data from the test and compared the workers’ comp claims of the new hires to those of existing employees who did not take the test. The researchers concluded that the cost savings of screening the workers was considerable.

Based on the number being tested, the cost of testing appears to be $8 to $14 per applicant. The study also indicated that there was a notable reduction in workers’ comp claims among the new hires, which suggests that an integrity test can be a valuable tool for screening job applicants. Because of the nature of the test, it can be administered before a job offer.

Avoid ‘medical baggage’

You should try to give every applicant who has been given a job offer a pre-employment physical before being approved for hire. If someone has been out of the job market for some time, they are often out of condition for some jobs.

Having been sedentary for a long time can lead to back and neck pain and repetitive motion injuries. Also, job applicants can be carrying “medical baggage” that may not be found on a job application but may be revealed with a thorough physical examination.

Background checks

You should consider a thorough background check by a private investigation firm, particularly for employees who will be driving their own or company vehicles. If they have a record of past traffic violations and DUIs, this can spell trouble.

A background check can also reveal if a candidate has misrepresented their workers’ compensation history or medical condition. This can uncover a history of false claims or demonstrate that the applicant is a safety risk based on medical opinion.

Drug testing

This is not just a matter of identifying illegal drug use, as a test may indicate that an applicant is taking one or more prescriptions for a previous job-related injury. That’s information that would never be known on a job application.

The goal is to obtain as much accurate information as possible regarding an applicant, so the picture is complete and reliable. While it takes more time and means additional costs, the expense pales against that of hiring someone with a propensity for filing a workers’ comp claim, or who is more apt to suffer a workplace injury.

Employers need to comply with state and federal laws when undertaking drug screenings.

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

Choosing the right insurance for your painting contracting business is a crucial decision. The right policy can protect you from unexpected costs and liabilities, ensuring your business can continue to operate smoothly. In this blog, we’ll guide you through the essential steps to select the best painting contractors insurance.

Understand Your Business Risks

The first step in choosing the right painting contractors insurance is to identify the specific risks associated with your business. This might include property damage, employee injuries, or liability claims from clients. Knowing your risks will help you determine what type of coverage you need.

For instance, painting contractors often encounter risks such as accidental paint spills, damage to client’s property, or potential slip-and-fall incidents on work sites. Moreover, working at heights or in restricted spaces increases the likelihood of accidents. It’s essential to recognize these scenarios to establish the necessary coverage. Programs like BGES Group highlight the importance of understanding these inherent risks and choosing the right insurance partner.

Employee safety is another substantial risk. Workers handling equipment such as ladders or sprayers can encounter injuries or illnesses from exposure to paint fumes. Understanding these elements helps narrow down the essential insurance policies, including Workers’ Compensation Insurance, which is crucial for safeguarding your team and business.

Types of Insurance Coverage

Familiarize yourself with the different types of insurance coverage available for painting contractors. Common options include general liability insurance, workers’ compensation, and property insurance. Each type of coverage addresses different aspects of your business risks.

For comprehensive coverage, look into General Liability Insurance, which protects against claims involving property damage or bodily injury. This is crucial for expenses related to accidents, such as a paint spill damaging a client’s expensive furniture. Additionally, painting contractors should consider policies like Commercial Auto Insurance for company vehicles and Property Insurance for tools and equipment.

For businesses that offer specialized services, Professional Liability Insurance, also known as Errors and Omissions (E&O) Insurance, is vital. It protects against claims of negligence or incomplete work, which is essential if, for instance, a client claims financial loss due to substandard finishes. This coverage ensures you’re protected against legal battles and financial losses.

Compare Insurance Providers

Not all insurance providers are created equal. Take the time to research and compare different insurance companies. Look at their reputation, customer reviews, and the specifics of their policies. This will help you find a trustworthy provider that offers the coverage you need.

Consider providers with a strong track record in the painting and construction industry. Providers like BGES Group specialize in contractor insurance, offering tailored solutions, including competitive pricing and coverage for specialized needs. Additionally, check the provider’s financial stability and claim settlement history to ensure they can deliver when you need them most.

Consider the Cost and Coverage

While it may be tempting to choose the cheapest option, it’s important to balance cost with the level of coverage. Make sure the policy you select provides comprehensive protection for your specific risks without breaking the bank.

Adequate insurance doesn’t mean you have to overpay. Review what each policy covers in detail. Look for cost-effective options that still provide essential coverage areas relevant to your business, such as liability, equipment protection, and employee safety. Engaging with brokers who understand the specific needs of painting contractors, like Susquehanna Insurance, can help you navigate the best options efficiently.

Also, keep in mind potential future changes in your business. Opt for policies that offer flexibility and scalability, allowing you to adjust coverage as your business grows and diversifies.

Consult with an Insurance Expert

If you’re unsure about which policy to choose, consider consulting with an insurance expert. They can provide tailored advice based on your business’s needs and help you navigate the complexities of insurance policies.

Experts in contractor insurance, such as those at LandesBlosch, can offer insights into the nuances of different policies and coverage requirements specific to the painting industry. These professionals can guide you through the entire process, from assessing risks to selecting the most suitable insurance packages, ensuring you get maximum protection.

Moreover, consulting with a specialized insurance provider helps in understanding the legal requirements in your state. This ensures that your business remains compliant with state regulations while enjoying comprehensive coverage benefits.

Review and Update Your Policy Regularly

Your business needs may change over time, so it’s important to review and update your insurance policy regularly. This ensures that you always have the right level of coverage for your current risks.

Significant changes like business expansion, new services, or shifts in project scale require policy adjustments. Regular reviews, ideally annually or bi-annually, can help you identify and address gaps in coverage proactively. Providers like BGES Group recommend periodic check-ins to ensure your policy grows with your business needs.

Staying updated with industry trends and regulations is essential. As new risks emerge, ensure your insurance strategy adapts accordingly, safeguarding your business from potential vulnerabilities.

Wrapping Up: Your Path to the Right Painting Contractors Insurance

Selecting the right painting contractors insurance doesn’t have to be overwhelming. By understanding your business’s unique risks, comparing policies, and consulting with an insurance expert, you can find a policy that offers the coverage you need. Remember, the right insurance policy is an investment in the future success and stability of your business.

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
 

As a contractor in the Tri-State area, having the right workers’ compensation insurance is vital. It protects your business, your employees, and ensures compliance with state laws. However, if you’re dissatisfied with your current workers’ compensation provider—whether due to high premiums, poor service, or limited coverage—it may be time for a change. BGES Group specializes in helping Tri-State contractors find superior workers’ compensation insurance options tailored to their unique needs. Here are 10 ways BGES Group can help improve your workers’ compensation experience:

1. Tailored Coverage for Contractors

BGES Group understands the specific risks and requirements contractors face. Whether you work in roofing, asbestos removal, demolition, or general construction, they offer workers’ compensation policies designed to meet your industry’s unique needs and reduce exposure to risks.

2. Special Programs for High-Risk Contractors

Contractors in higher-risk fields like roofing or demolition often face exorbitant premiums or difficulty finding coverage. BGES Group has access to specialized programs for these industries, ensuring that even high-risk contractors can get coverage at competitive rates.

3. Competitive Premiums

If your current workers’ compensation policy has seen rising premiums, BGES Group can shop around for better deals. They work with a broad range of insurance carriers, allowing them to find you the most affordable coverage without sacrificing quality.

4. Flexible Payment Plans

BGES Group offers flexible payment options, including pay-as-you-go plans that can ease the financial burden of paying for workers’ compensation insurance upfront. This is particularly beneficial for contractors who experience seasonal fluctuations in cash flow.

5. Audit Support

Workers’ compensation insurance audits can be stressful and time-consuming. BGES Group provides expert audit support, helping you prepare for and navigate through the process to ensure there are no surprises, errors, or overcharges.

6. Claims Advocacy

When an injury or claim arises, it’s critical to have an advocate who will fight for your business. BGES Group offers exceptional claims support, working directly with the insurance company to ensure that claims are handled fairly and quickly, protecting your interests every step of the way.

7. Expert Advice on Class Codes

Misclassification of employees is one of the leading causes of inflated workers’ compensation premiums. BGES Group has deep expertise in class codes, ensuring that all your employees are classified correctly, which can lead to significant savings on your policy.

8. Safety Programs and Risk Management

BGES Group offers guidance on implementing safety programs and risk management strategies that can help reduce workplace injuries, leading to lower workers’ compensation costs over time. They can advise on best practices and even help you qualify for safety credits that can reduce premiums.

9. Review of Subcontractor Coverage

If your business uses subcontractors, it’s essential to verify that they carry the appropriate workers’ compensation coverage. BGES Group can assist in reviewing certificates of insurance for subcontractors, ensuring that their coverage is adequate and up-to-date to protect your business.

10. Superior Customer Service

BGES Group offers a boutique-like service that prioritizes the client relationship. You’ll get personalized attention, quick responses to questions, and direct access to industry experts who are dedicated to finding the right workers’ compensation solution for your business.

Conclusion: BGES Group Has the Right Workers’ Compensation Options for You

If you’re a Tri-State contractor who’s unhappy with your current workers’ compensation company, it’s time to explore better options with BGES Group. Their expertise, personalized service, and access to a wide range of coverage options can ensure that you get the right policy at the right price.

Contact Gary Wallach at BGES Group today to explore how we can help improve your workers’ compensation insurance.

Call 914-806-5853 or email bgesgroup@gmail.com for a free consultation and quote tailored to your business 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

For New York contractors, planning ahead is crucial, especially when it comes to liability insurance. In today’s unpredictable market, waiting until the last minute to renew your policy can leave you vulnerable to price hikes, limited options, or even gaps in coverage. This year, more than ever, having a backup plan is essential. BGES Group offers New York contractors an excellent opportunity to secure competitive, tailored quotes well before their policies renew. Here are 10 reasons why working with BGES Group can benefit your business:

1. Start Early, Avoid Surprises

Starting your insurance review at least two to three months before your liability policy renews gives you the advantage of evaluating multiple options. BGES Group will review your current coverage and offer you a competitive quote, giving you peace of mind if your current provider increases rates or alters terms.

2. Tailored Solutions for New York Contractors

BGES Group specializes in the unique needs of contractors in New York. They understand the complexities of Labor Laws 240 and 241, which can drastically impact your liability costs. With BGES, you’ll receive a quote that is customized to the specific risks and challenges of your business.

3. Protection from Market Instability

With large, well known insurers exiting the market or placing a moratorium on insuring contractors, New York contractors face fewer options. BGES Group works with a wide range of carriers, ensuring that you won’t be left scrambling for coverage.

4. Access to Specialized Programs

BGES Group offers specialized programs for higher-risk contractors, including asbestos, demolition, and roofing. Their tailored solutions provide the coverage you need, even when other providers shy away from such risks.

5. Expert Guidance from Industry Veterans

When working with BGES Group, you’re working with seasoned professionals who have decades of experience in contractor insurance. Led by industry expert Gary Wallach, BGES brings deep knowledge to help you navigate the complexities of liability, workers’ compensation, and umbrella policies.

6. Competitive Pricing

BGES Group is committed to finding you the best rates. Because they work with a variety of insurance carriers, they can compare policies and offer you the most competitive pricing available, giving you a solid Plan B option if your current provider can’t meet your budget.

7. Boutique-Like Service

Unlike large insurance agencies, BGES Group offers personalized, boutique-like service. They take the time to understand your business and tailor coverage to fit your specific needs. With BGES, you’ll never feel like just another number.

8. Comprehensive Coverage Review

BGES Group will conduct a thorough review of your current policies and identify any gaps or unnecessary coverages. This means you’ll not only get a competitive quote but also ensure that your policy fully protects your business from potential claims and liabilities.

9. Assistance with Subcontractor Coverage

Managing insurance for subcontractors can be complicated. BGES Group can help ensure that your subcontractors have the right coverage, so you’re not left vulnerable in the event of an injury or claim. They’ll review certificates of insurance and verify coverage to safeguard your interests.

10. Reliable Claims Support

When claims arise, having a responsive insurance partner is critical. BGES Group provides exceptional claims support, advocating on your behalf to ensure you’re treated fairly by your insurance provider. They’ll be there when you need them most, ensuring your business is protected.

Conclusion: Be Proactive, Secure Your Backup Plan Today

Don’t wait until the last minute to explore your insurance options. As the insurance market becomes more challenging for New York contractors, having a backup Plan B quote from BGES Group is essential. Their tailored coverage, competitive pricing, and personalized service can help you avoid the stress of last-minute renewals and ensure your business stays protected.

Contact Gary Wallach today to get started on your backup plan and secure a competitive liability insurance quote.

Call Gary Wallach at 914-806-5853 or email bgesgroup@gmail.com to learn how BGES Group can help your business thrive with the right insurance coverage.

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

As a contractor in New York, ensuring that your vehicles and the personnel driving them are properly covered under a Business Auto Policy (BAP) is critical. A BAP can protect your business from significant financial exposure due to accidents, damages, or injuries involving your work vehicles. Below are the key coverages included in a standard business auto policy:

Core Coverages in a Business Auto Policy:

1. Liability Coverage – Protects your business from legal obligations if a vehicle you own causes bodily injury or property damage to others.                        

2. Basic No-Fault – New York requires no-fault coverage, which provides compensation for medical expenses and lost wages for you and your passengers, regardless of fault in an accident.                                                                     

3. Additional No-Fault – Offers extra coverage beyond the state-mandated no-fault limits.                                                                                                                

4. Medical Payments Coverage – Covers medical bills for the driver and passengers in your vehicle after an accident.                                                                       

5. Uninsured Motorists (UM) – Protects you if you’re involved in an accident with a driver who doesn’t have auto insurance.                                                        

6. Underinsured Motorists (UIM) – Steps in if the at-fault driver’s liability insurance is insufficient to cover your losses.                                                                     

7. Comprehensive Fire and Theft – Covers damage to your vehicle from non-collision incidents such as theft, fire, vandalism, or natural disasters.

8. Full Glass – Covers breakage of windows – No deductible aplies                       

9. Collision – Pays for damages to your vehicle when it’s involved in a collision with another vehicle or object.                                                                              

10. Rental Reimbursement – Helps cover the cost of renting a vehicle while yours is being repaired due to a covered claim.                                                         

11. Towing and Labor Costs – Provides assistance if your vehicle breaks down or needs towing.                                                                                             

12. Drive Other Car Coverage – Extends liability coverage for key personnel (like executives) when they use a personal vehicle for business purposes.

Changes in the Insurance Market

The insurance market for business auto policies has become increasingly challenging for New York contractors. Rates are consistently rising due to a variety of factors:                                                                                                      

– Higher claim costs associated with accidents and vehicle repairs.                          

– More stringent underwriting by insurers, making them more selective in offering coverage.                                                                                                              

– Fewer carriers willing to insure certain high-risk industries, which includes construction and contracting.

As a result, finding the right coverage has become more difficult and expensive. Carriers are scrutinizing claims history, safety protocols, and fleet management more rigorously before agreeing to insure contractors.

How BGES Group Can Help                                                                                 

Navigating this tougher market requires working with an insurance expert who understands your industry and can help you secure the coverage you need at competitive rates. BGES Group specializes in helping New York contractors with their auto insurance and other business needs.

For assistance with your Business Auto Policy or any other insurance needs, contact:

– Gary Wallach

– Phone: 914-806-5853

– Email: bgesgroup@gmail.com

Reach out today to ensure your business is properly 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