As the wise and witty Rabbi Noah might say, “Contracting in New York is tougher than trying to convince my mother I don’t need a second helping of brisket!” If you’re a contractor in the Empire State, you know the perils of the job—tight deadlines, labor law hurdles, and the ever-looming specter of lawsuits. That’s where BGES Group comes in. Rabbi Noah, with his sharp tongue and sharper wisdom, would surely prescribe the following 10 commandments to save your business (and your sanity) by using BGES Group for your construction insurance needs.

1. Thou Shalt Not Be Cheap When It Comes to Insurance

Rabbi Noah would start by saying, “If you’re thinking about saving a few bucks by cutting corners on insurance, let me stop you right there. Do you know what they call a contractor without proper insurance? Bankrupt!” BGES Group offers competitive pricing without sacrificing comprehensive coverage. They make sure you’re protected from the unpredictable, like that one subcontractor who thinks a hard hat is optional.

2. Thou Shalt Work with Construction Insurance Experts

“Don’t go to a bagel shop and ask for sushi,” Rabbi Noah might quip. “So why would you trust anyone other than a construction insurance expert with your business?” BGES Group specializes in construction insurance for New York contractors. From labor law coverage to certificates of insurance, they know your industry better than your nosy neighbor knows your business.

3. Thou Shalt Honor Labor Laws 240 and 241

“These labor laws are stricter than my Aunt Miriam at Passover,” Rabbi Noah would warn. “If you don’t have coverage for these, you might as well hand over your wallet right now.” BGES Group ensures your general liability and umbrella policies include essential labor law coverage, protecting you from lawsuits that could drain your bank account faster than a bad poker hand.

4. Thou Shalt Be Covered for Action Over Claims

“Action over claims? Sounds like a fancy legal term, right? It’s fancy all right—fancy enough to bankrupt you if you’re not careful,” Rabbi Noah would say. BGES Group knows these claims inside and out. They’ll make sure your policies cover you when a subcontractor’s employee sues everyone in sight after an injury.

5. Thou Shalt Demand Certificates of Insurance from Thy Subcontractors

“Here’s a riddle for you,” Rabbi Noah would ask. “What’s worse than a subcontractor who doesn’t show up on time? One who doesn’t have insurance!” BGES Group stresses the importance of obtaining and verifying certificates of insurance from all subcontractors, ensuring you’re not left holding the liability bag.

6. Thou Shalt Have Special Programs for High-Risk Contractors

“If you’re a roofer, demolisher, or asbestos remover, you’re not just working hard—you’re working dangerously!” Rabbi Noah would exclaim. BGES Group offers tailored programs for high-risk contractors, ensuring you’re covered no matter how hazardous your trade. They’ve got solutions for the riskiest jobs in the industry.

7. Thou Shalt Not Be Treated Like a Number

“You ever call one of those big insurance companies and spend 45 minutes on hold, only to talk to someone who knows nothing about your business?” Rabbi Noah would shake his head. “With BGES Group, you get boutique-like service. They treat you like family—only they actually help you!”

8. Thou Shalt Have Peace of Mind

“Every contractor has that one job that keeps them up at night,” Rabbi Noah might say. “BGES Group is like a warm cup of tea for your business worries.” With their expertise and dedication, they make sure you’re properly covered, so you can focus on the job without losing sleep over potential disasters.

9. Thou Shalt Benefit from Glowing Reviews

“Don’t just take my word for it,” Rabbi Noah would advise. “Take it from the people who’ve worked with BGES Group.” With a track record of satisfied clients and stellar reviews, they’ve built a reputation as New York’s go-to construction insurance experts. Rabbi Noah might joke, “If they can please New Yorkers, they can please anyone!”

10. Thou Shalt Keep Thy Business Protected

“Insurance isn’t a luxury; it’s a necessity,” Rabbi Noah would say. “Your business is your livelihood, and you don’t gamble with that. Call BGES Group and make sure you’re protected from whatever comes your way—be it lawsuits, accidents, or even that one client who swears they’ll pay you next week.”

Why BGES Group Stands Out

BGES Group isn’t just another insurance agency; they’re a trusted partner for New York contractors. With a deep understanding of the construction industry and a commitment to personalized service, they’ve earned their spot as the go-to experts for all things construction insurance. Whether you need workers’ compensation, general liability, or umbrella coverage, they’ve got you covered.

Contact BGES Group Today

Ready to protect your business and work with experts who truly care? Reach out to Gary Wallach and the BGES Group team today!

📞 Phone: 914-806-5853

📧 Email: bgesgroup@gmail.com

🌐 Website: www.bgesgroup.com

Rabbi Noah might leave you with this final thought: “You wouldn’t build a skyscraper without a solid foundation, so why run a contracting business without solid insurance? Call BGES Group and build your business on safety, security, and peace of mind.”

Extensive home renovations can be exciting but also come with significant challenges—especially if you decide to act as your own general contractor to save money and expedite the project. While managing the project yourself might seem like a smart financial move, it also exposes you to serious legal and financial risks. One of the most critical aspects of taking on this role is understanding your liability and securing the right insurance.

Here’s what New York homeowners need to know before stepping into the role of general contractor.

Labor Laws 240 and 241: The Risks You Face

New York’s Labor Laws 240 and 241, commonly referred to as the “Scaffold Law,” impose strict liability on property owners and general contractors for injuries sustained by workers performing certain construction, demolition, or repair tasks. These laws are unique because they create absolute liability—the injured worker does not need to prove negligence.

For one- and two-family homeowners, there is typically an exemption under these laws. However, if you act as your own general contractor, you lose this exemption, meaning you are legally treated as a general contractor and become liable for labor law claims.

For example, if a worker falls from a ladder or scaffold while working on your home, you could be held responsible for medical bills, lost wages, and damages, regardless of whether you were directly at fault. These claims are notoriously dangerous because they can result in substantial financial penalties.

Insurance Requirements for Subcontractors

When hiring subcontractors, it’s essential to ensure they carry adequate insurance to protect you from potential claims. At a minimum, subcontractors should have:

1. General Liability Insurance – Covers property damage or injuries caused by their work.

2. Workers’ Compensation Insurance – Provides coverage for injuries sustained by their employees.

3. Umbrella Liability Insurance – Offers additional coverage beyond the limits of their primary liability policies.

Additionally, subcontractors should name you as an additional insured on their policies. This ensures that their insurance extends to you, offering an extra layer of protection.

Coverage Gaps Under General Contractor Liability Policies

If you act as your own general contractor and purchase liability insurance, most policies will have strict requirements for subcontractor coverage. Insurance companies typically mandate that:

• Subcontractors carry their own general liability and workers’ compensation insurance.

• Their policies meet minimum coverage limits.

If your subcontractors fail to meet these standards, your liability policy could exclude coverage for claims arising from their work. This creates significant exposure, as any gaps in coverage could leave you personally liable for claims.

The Safer Option: Hiring a Licensed Contractor

While managing your project might seem cost-effective, the risks associated with acting as your own general contractor often outweigh the potential savings. Hiring a licensed contractor comes with several key benefits:

1. Legal and Financial Protection – Licensed contractors carry their own liability and workers’ compensation insurance, significantly reducing your exposure to claims.

2. Expertise and Efficiency – Professionals are well-versed in managing subcontractors, ensuring timelines are met, and addressing unforeseen issues.

3. Accountability – Contractors assume responsibility for meeting safety and legal standards, which can provide peace of mind.

4. Streamlined Insurance – You won’t need to worry about verifying subcontractor coverage or navigating complex liability requirements.

Why BGES Group Is Here to Help

At BGES Group, we understand the complexities of liability insurance and construction-related risks. While we do not offer liability coverage for homeowners acting as general contractors, we can provide valuable guidance to help you make informed decisions about your project.

Our team of experts specializes in contractor insurance and can:

• Explain the risks of acting as your own general contractor.

• Offer insights on subcontractor insurance requirements.

• Help you understand New York’s labor laws and their implications.

For expert advice, contact Gary Wallach at BGES Group today. Call 914-806-5853 or email bgesgroup@gmail.com.

Renovating your home is a big undertaking—don’t let unexpected liabilities ruin your plans. Let BGES Group help you navigate the risks and protect what matters most.

Navigating liability insurance as a New York contractor can feel like climbing a mountain. Between the state’s strict regulations, the unique challenges posed by Labor Laws 240 and 241, and the sheer cost of premiums, securing the right policy can be a daunting and expensive task. However, with strategic planning and the help of industry experts, contractors can reduce these costs and still maintain excellent coverage.

This article examines the current state of liability insurance for New York contractors, outlines actionable steps to lower premiums, and introduces BGES Group as a trusted partner in navigating these challenges.

The Current State of Liability Insurance for New York Contractors

New York is one of the most challenging states for contractors seeking liability insurance. Premiums have skyrocketed in recent years due to the following factors:

1. Labor Laws 240 and 241 (Scaffold Law): These laws impose strict liability on contractors for elevation-related injuries, even if the worker’s negligence contributed to the accident. This absolute liability significantly increases claims and premiums.

2. High Claim Frequency: New York contractors often face lawsuits from injured workers, including subcontractor employees, driving up insurance costs.

3. Limited Market: Many insurance carriers have exited the New York construction market due to the high risk, leaving fewer options for contractors and making the market more competitive.

4. Broad Risk Interpretation: Courts in New York often interpret liability broadly, leaving contractors exposed to additional risks, particularly in multi-tiered projects with numerous subcontractors.

5. Subcontractor Insurance Requirements: General contractors must ensure that subcontractors have adequate insurance coverage. If subcontractors fail to comply, the liability often falls on the general contractor, increasing premiums.

10 Steps New York Contractors Can Take to Lower Insurance Rates

While liability insurance costs may seem unavoidable, there are proactive steps contractors can take to reduce premiums:

1. Prioritize Workplace Safety: Implement comprehensive safety programs and strictly enforce OSHA-compliant practices to reduce accidents and claims. A good safety record is an attractive feature to insurers.

2. Conduct Employee and Subcontractor Training: Regularly train employees and subcontractors on safety protocols and equipment handling to mitigate on-site risks.

3. Maintain Excellent Documentation: Keep detailed records of safety training sessions, incident reports, and equipment maintenance. This demonstrates to insurers that your company is proactive in managing risk.

4. Thoroughly Vet Subcontractors: Ensure subcontractors carry proper insurance and list your business as an additional insured on their policies. This protects you from potential liability claims stemming from their work.

5. Review Contracts Carefully: Work with a lawyer to include indemnity clauses in contracts, ensuring subcontractors accept responsibility for their own negligence.

6. Choose Higher Deductibles: Opt for higher deductibles to reduce premium costs. Be sure your business can afford to cover the deductible if needed.

7. Bundle Insurance Policies: Consider bundling general liability, workers’ compensation, and umbrella insurance policies with one carrier for potential discounts.

8. Invest in High-Quality Equipment: Up-to-date, well-maintained equipment is less likely to cause accidents, reducing the risk of liability claims.

9. Work with a Specialized Broker: Partner with an insurance broker experienced in New York construction who can negotiate better rates and recommend coverage tailored to your needs.

10. Showcase a Clean Claims History: Avoiding frequent claims positions your company as low-risk to insurers, which can result in more competitive pricing.

BGES Group: A Trusted Partner for New York Contractors

When it comes to navigating the challenges of liability insurance, BGES Group stands out as a reliable ally for New York contractors. With over 42 years of experience, BGES Group specializes in construction insurance, offering boutique-style services tailored to the unique needs of contractors.

Why Choose BGES Group?

• Expertise in Construction Insurance: BGES Group understands the intricacies of New York construction insurance, including the impact of Labor Laws 240 and 241. They help contractors secure policies that include labor law coverage, a crucial protection for New York businesses.

• Custom Solutions: The team at BGES Group tailors insurance programs to fit each contractor’s specific needs, ensuring comprehensive coverage without unnecessary costs.

• Competitive Pricing: By leveraging relationships with top-tier insurance carriers, BGES Group offers competitive rates that help contractors save money while maintaining excellent coverage.

• Personalized Service: BGES Group takes a hands-on approach, treating each client like a partner. Their commitment to exceptional customer service ensures contractors feel supported at every step.

Partner with BGES Group Today

For New York contractors facing the challenges of high liability insurance costs, BGES Group offers the expertise and support needed to navigate the market and secure the best possible rates.

Contact BGES Group

• Phone: (914) 806-5853

• Email: bgesgroup@gmail.com

• Website: bgesgroup.com

Don’t let the complexities of liability insurance hold your business back. Reach out to BGES Group today to explore tailored solutions that protect your company and help you save money.

Conclusion

Liability insurance is a critical but often costly component of doing business as a contractor in New York. By implementing strategic measures to reduce risk and partnering with experts like BGES Group, contractors can lower premiums while ensuring their businesses are fully protected. With the right approach, managing insurance costs becomes less of a burden and more of an investment in long-term success.

Launching a construction insurance company in New York is an exciting venture that can be highly rewarding given the state’s bustling construction industry. Contractors and construction companies rely on specialized insurance to protect their operations, tools, employees, and vehicles. As you build your business, offering the right mix of coverages and understanding the documentation required for obtaining quotes will set you apart as a trusted partner in this competitive market.

This article will walk you through the main insurance coverages construction businesses typically need and the information required to secure accurate and competitive quotes.

Key Insurance Coverages for Construction Companies

Providing comprehensive insurance solutions tailored to construction clients is crucial. Here are the essential coverages your business should offer:

1. Tools and Equipment Insurance

Construction companies rely heavily on tools and equipment to complete their projects. This coverage protects items like drills, saws, and heavy machinery from theft, damage, or loss, whether on the job site, in transit, or in storage.

2. General Liability Insurance

A cornerstone of any contractor’s insurance program, general liability insurance protects against third-party claims of bodily injury, property damage, and personal or advertising injury. It’s often required for obtaining permits, signing contracts, and bidding on jobs.

3. Umbrella Liability Insurance

Umbrella liability insurance provides an extra layer of protection by extending the limits of underlying policies like general liability, auto liability, and workers’ compensation employer’s liability. This is especially important for construction companies working on large or high-risk projects.

4. Business Auto Insurance

Construction companies frequently use vehicles to transport tools, equipment, and materials. Business auto insurance provides coverage for liability and physical damage to vehicles used for business purposes, ensuring they’re protected on and off the job site.

5. Workers’ Compensation Insurance

Mandatory in New York, this coverage provides benefits to employees who suffer work-related injuries or illnesses. It also protects employers from lawsuits related to workplace injuries. Workers’ compensation is a legal requirement and a critical safeguard for both employees and employers.

6. New York State Disability Insurance

New York requires employers to provide disability benefits coverage to eligible employees for off-the-job injuries or illnesses. This coverage complements workers’ compensation and ensures compliance with state laws.

Information Needed to Obtain Insurance Quotes

To provide contractors with accurate and competitive insurance quotes, you’ll need to gather specific information. Here’s a detailed checklist of the required documents and details:

1. Completed Contractor Questionnaire

The contractor questionnaire is a foundational document that gives underwriters a snapshot of the company’s operations. It typically includes:

• Business name, address, and contact information.

• Number of employees.

• Years in business.

• Projected annual revenue and payroll.

• Types of construction work performed.

2. Detailed Description of Work

Insurers require a comprehensive description of the contractor’s work. This should include:

• Specific services offered (e.g., roofing, plumbing, electrical).

• Types of structures worked on (e.g., residential, commercial, industrial).

• Scope of subcontracted work.

Be as specific as possible. Avoid vague descriptions like “we do everything” as these can lead to delays or inaccuracies in the quoting process.

3. Resumes on Owners

The experience and qualifications of the company’s leadership team are critical for underwriters. Owners should provide resumes detailing:

• Industry experience.

• Certifications or licenses held.

• Notable projects completed in the past.

If owners struggle with creating or updating their resumes, BGES Group can provide guidance and assistance to ensure the information is professional and complete.

4. Subcontractor Insurance and Hold Harmless Agreement

If a contractor plans to subcontract any portion of their work, they must provide a subcontractor insurance and hold harmless agreement. This document ensures that subcontractors maintain proper insurance and indemnify the contractor against claims arising from their work.

For contractors who don’t already have this document, BGES Group can help you create an agreement that meets industry standards.

5. Workers’ Compensation Questionnaire

This questionnaire captures key details about the company’s employees and work environment, including:

• Job classifications and duties.

• Number of employees.

• History of workplace injuries or claims.

Providing accurate information ensures that premiums are calculated correctly and reflect the company’s true risk exposure.

6. Written Safety Manual Table of Contents

A safety manual demonstrates a company’s commitment to maintaining a safe work environment. Insurers may request the table of contents to ensure it includes critical safety protocols, such as:

• Job site safety practices.

• Equipment handling procedures.

• Emergency response plans.

If a contractor does not have a written safety manual, BGES Group can help you develop one for your operations.

How BGES Group Can Help

Starting a construction insurance company comes with challenges, especially when it comes to gathering the necessary documentation and understanding industry-specific requirements. That’s where BGES Group comes in.

Why Choose BGES Group?

• Expertise in Construction Insurance: With years of experience, BGES Group specializes in insuring New York contractors and understands the unique risks they face.

• Comprehensive Support: From helping contractors compile required documents to guiding them through the quoting process, BGES Group offers end-to-end assistance.

• Tailored Solutions: They work with contractors to develop customized insurance programs that provide the coverage they need at competitive prices.

Contact Information

Ready to simplify the quoting process and provide contractors with the protection they need? Reach out to BGES Group today:

• Website: bgesgroup.com

• Phone: 914-806-5853 – Gary Wallach

• Email: bgesgroup@gmail.com

Conclusion

Starting a construction insurance company in New York requires a thorough understanding of the coverages contractors need and the information required to secure accurate quotes. By offering essential policies like tools and equipment insurance, general liability, and workers’ compensation, and by helping clients navigate the documentation process, you can position your company as a trusted partner in the construction industry.

With the support of experts like BGES Group, you can ensure your clients are well-protected while simplifying the often-complicated insurance process. For more information or assistance, contact BGES Group today and take the first step toward building a successful insurance company that meets the needs of New York’s thriving construction sector.

For New York contractors, the annual policy renewal process is a critical time to reassess your insurance needs and ensure you’re getting competitive rates with the right coverage. To make this process as smooth and effective as possible, organizing your paperwork is essential. Well-prepared documentation helps insurance agents shop around and negotiate the best terms on your behalf. Here are eight steps to organizing your paperwork, followed by how BGES Group can assist you if you’re unhappy with your current insurance pricing, coverage, or agent.

8 Steps to Organize Your Paperwork for Insurance Renewals

1. Have Copies of Your Policies in PDF Format

Collect digital copies of all your current insurance policies, including general liability, workers’ compensation, umbrella liability, auto insurance, and any additional coverages. Having these in PDF format ensures your agent can quickly review your existing coverage and compare it with new quotes. Include declarations pages, endorsements, and any exclusions.

2. Complete a Supplemental Contractor Questionnaire

Many insurance carriers require contractors to fill out a supplemental questionnaire that provides details about your operations. Complete this document thoroughly, as it helps carriers assess your risk and offer accurate pricing. Ensure all answers are current and align with your business practices.

3. Provide a Detailed Description of Your Work

On a separate sheet, create a detailed description of the services your business provides. Be specific and honest about the types of work you perform. Avoid making it sound like you “do everything” or handle jobs outside your expertise. For example, instead of stating “general construction,” mention specifics like “residential kitchen remodels” or “commercial roofing installations.” This level of detail helps carriers tailor coverage to your needs.

4. Obtain 5-Year, Currently Valued Loss Runs on All Policies

Request loss run reports for the past five years from your current insurance carriers. These reports detail any claims made against your policies and their outcomes. Insurance companies use loss runs to assess your risk profile and calculate premiums. Make sure the reports are current (within 90 days of renewal) to avoid delays.

5. Include Subcontractor Agreements and Certificates of Insurance

If you use subcontractors, provide a copy of your subcontractor insurance and hold harmless agreement. Additionally, include certificates of insurance (COIs) from one or two subcontractors. These documents demonstrate how you manage subcontractor risks, which can positively influence your premiums.

6. Provide a Copy of Your Safety Manual’s Table of Contents

If your company has a written safety manual, include a copy of its table of contents. This demonstrates to insurers that you have a structured approach to safety and risk management, which can lead to premium discounts. If you don’t have a safety manual, consider creating one, as it signals your commitment to reducing workplace risks.

7. Include Resumes for Owners (For New Companies)

If your company is newly established, provide resumes for the owners or key personnel. Highlight their relevant experience in the construction industry, certifications, and achievements. This helps insurers assess the competence and reliability of your leadership, which can positively impact your premiums.

8. Put Together a Work-On-Hand Schedule

Create a schedule of ongoing projects, including details like project names, locations, start and end dates, and contract values. A work-on-hand schedule gives insurers a snapshot of your current risk exposure and helps them provide accurate quotes.

Additional Tips for a Successful Renewal Process

• Start Early: Begin gathering your documents and shopping for quotes 60–90 days before your policy expires. This ensures you have time to address any gaps or issues.

• Be Transparent: Provide accurate and complete information to avoid mispricing or delays in obtaining coverage.

• Partner With an Expert: Work with a broker who specializes in construction insurance. They’ll have the expertise and relationships to secure better pricing and tailored coverage.

Why BGES Group Is the Best Choice for New York Contractors

BGES Group is one of New York’s premier construction insurance specialists. They understand the unique challenges contractors face, including strict labor laws, action-over claims, and the complexities of subcontractor agreements. Whether you’re seeking better pricing, improved coverage, or an agent who truly understands your business, BGES Group is here to help.

What Makes BGES Group Different?

1. Construction Expertise

BGES Group specializes in construction insurance, tailoring policies to meet the specific needs of contractors in New York.

2. Comprehensive Coverage Options

From general liability and workers’ compensation to umbrella liability and labor law coverage, BGES Group ensures you have the protection you need to operate with confidence.

3. Competitive Pricing

BGES Group has strong relationships with top insurance carriers, allowing them to negotiate competitive premiums, even for higher-risk contractors.

4. Personalized Service

The BGES team takes a boutique-like approach, treating each client as a priority and providing customized insurance solutions.

5. Proven Results

BGES Group’s success is reflected in their long-term client relationships and numerous positive reviews. Contractors trust them to deliver the best coverage at the best price.

6. Expert Leadership

Led by veteran insurance professional Gary Wallach, BGES Group combines decades of experience with a client-first approach.

Not Happy With Your Current Pricing, Coverage, or Agent? Try BGES Group

If you’re dissatisfied with your current insurance pricing, coverage, or agent, it’s time to consider BGES Group. They’ll guide you through the renewal process, shop for competitive quotes, and provide the expertise you need to protect your business.

Contact BGES Group Today

• Phone: 914-806-5853

• Email: bgesgroup@gmail.com

• Website: www.bgesgroup.com

Don’t let another renewal season pass without exploring better options for your insurance needs. With BGES Group, you can secure competitive premiums and the right coverage, all with personalized service that sets them apart. Contact them today to get started!

New York contractors face mounting challenges with escalating liability insurance renewal premiums. For 2025, the situation is no different. Rising costs are squeezing profit margins and threatening the survival of many businesses. It’s no surprise that contractors are searching for creative ways to stay afloat while maintaining the coverage they need to operate safely and legally.

Sometimes, you have to look at other ways to “skin a cat.” One underutilized yet highly effective method for offsetting these rising costs is through workers’ compensation premium recovery. This strategy has helped contractors recoup tens or even hundreds of thousands of dollars in refunds from past workers’ compensation policies. If you’ve been paying premiums for the last seven years, there’s a good chance errors or overcharges have been made—and this is where you can find relief.

Workers’ Compensation Premium Recovery: A Smart Solution

Workers’ compensation insurance is essential for protecting your business and your employees, but it’s also one of your largest expenses. Insurance companies, while vital, often make errors in calculating premiums, classifying employees, and applying experience modifiers. These errors can cost contractors significant amounts of money—money that you have the right to recover.

The good news is that workers’ compensation premium recovery can help you get this money back. Here’s how it works:

1. We review your past seven years of workers’ compensation policies.

2. Our team looks for errors, overcharges, or miscalculations made by your insurance company.

3. If we find recoverable money, we handle the entire refund process on your behalf.

4. If there’s no refund, you pay nothing—it’s a contingency fee basis, so there’s no risk to you.

5 Benefits of Workers’ Compensation Premium Recovery

1. Potential for Substantial Refunds

Insurance companies are not infallible. Mistakes can be made in payroll audits, employee classifications, and even how discounts or surcharges are applied. Recovering these funds could mean tens, or even hundreds, of thousands of dollars back in your pocket.

2. No Upfront Costs

The contingency fee model means you pay nothing unless we find recoverable funds. This makes the process risk-free, as you’re only paying a percentage of what’s actually recovered.

3. Minimal Effort on Your Part

We handle the heavy lifting. From reviewing past policies to negotiating with insurance carriers and ensuring your refunds are processed, you won’t have to take time away from running your business.

4. Improved Financial Health

Refunds from premium recovery can be reinvested into your business—whether it’s upgrading equipment, hiring more employees, or simply cushioning your bottom line.

5. Insight into Future Savings

In addition to recovering past premiums, the process can uncover systemic errors or inefficiencies in your workers’ compensation program, helping you save money in the future.

Why Errors Happen

It’s not uncommon for insurance companies to make mistakes, especially in a high-pressure, high-volume industry like construction insurance. Here are some common issues that lead to overcharges:

• Incorrect Employee Classification: Workers may be classified under higher-risk categories than necessary, leading to inflated premiums.

• Inaccurate Payroll Reporting: Errors in payroll audits can result in you being charged more than you owe.

• Improper Application of Discounts or Credits: Insurance carriers may fail to apply discounts you’re entitled to, such as safety or drug-free workplace credits.

• Experience Modifier Mistakes: Your experience modification rate (EMR) is a critical factor in calculating premiums. Errors in its calculation can significantly increase costs.

These are just a few examples of how errors can creep into your premiums—and why it’s worth having an expert review your policies.

Why Work with BGES Group?

At BGES Group, we specialize in New York construction insurance. We understand the unique challenges contractors face, including navigating labor laws, managing subcontractor liability, and controlling insurance costs.

Our team has extensive experience in workers’ compensation premium recovery, and we’ve helped many contractors recover significant refunds. Here’s why you should work with us:

• Expertise in Construction Insurance: We know the ins and outs of New York’s complex insurance landscape, making us uniquely qualified to spot errors and recover your funds.

• Personalized Service: Unlike large, impersonal agencies, we provide boutique-style service tailored to your needs.

• No-Risk Approach: With our contingency fee model, you have nothing to lose and everything to gain.

What’s Next?

If you’re feeling the pinch of rising liability premiums, now is the time to act. Workers’ compensation premium recovery is a proven way to offset costs, improve your cash flow, and strengthen your business.

To get started, contact Gary Wallach at BGES Group today. We’ll review your past workers’ compensation policies, handle the entire process, and help you get back the money you deserve.

Contact Information:

• Phone: 914-806-5853

• Email: bgesgroup@gmail.com

• Website: www.bgesgroup.com

Final Thoughts

Navigating the rising costs of liability insurance is no small feat, but solutions like workers’ compensation premium recovery can make a significant difference. By recovering money from past policies, you can ease the burden of increasing premiums and reinvest in your business.

Don’t wait for costs to climb higher—take action today. Let BGES Group help you uncover savings, recover refunds, and secure the financial stability you need to thrive in 2025 and beyond.

Navigating the complexities of contractor insurance in New York can be overwhelming. Understanding the essential requirements not only protects your business but also ensures legal compliance. This guide breaks down the top considerations every contractor in the Empire State should be aware of.

1. Understanding General Liability Coverage

General liability insurance is a must-have for contractors operating in New York. This coverage protects against third-party claims of bodily injury, property damage, and personal injury arising from business operations. Whether you’re renovating a historic building or constructing a skyscraper, unforeseen accidents can occur, leading to potential financial setbacks. In an urban environment like New York City, where construction happens at a rapid pace, having this coverage is more than just a safety measure—it’s a business necessity.

For contractors wishing to secure contracts, proof of general liability insurance is often a prerequisite. According to the New York City Department of Buildings, having a valid license and maintaining appropriate insurance demonstrate a commitment to adhering to industry standards and regulations. This requirement isn’t only about compliance; it assures clients of your capability to manage risks effectively, thereby enhancing your business’s reputation and trustworthiness.

2. The Importance of Workers’ Compensation

Workers’ compensation insurance is mandated by New York law for most contractors. It provides coverage for medical expenses and lost wages in case of work-related injuries or illnesses. The bustling construction scene in cities like New York presents unique challenges and hazards, making workers’ compensation an indispensable part of a contractor’s insurance portfolio. Not only does it comply with state regulations, but it also provides peace of mind to both employers and employees, ensuring that the workforce feels secure in undertaking projects.

The cost of workers’ compensation can be significant, yet the protection it offers is invaluable. According to Insureon, New York has some of the highest median costs for this insurance in the nation, underlining the necessity for contractors to carefully assess and select the most applicable coverage for their operations. Failure to procure the right workers’ compensation insurance could lead not only to legal consequences but potentially jeopardize ongoing business operations.

3. Considering Professional Liability Insurance

Professional liability insurance, also known as errors and omissions insurance, protects contractors from claims related to professional mistakes or negligence. In a competitive market like New York, clients expect high standards, and even minor errors can result in costly legal disputes. Professional liability insurance acts as financial armor against claims of inadequate work or failure to deliver as promised, covering legal defense costs and any settlements. This type of coverage is especially crucial for specialized contractors offering design or consulting services, where the risk of professional errors is higher.

4. Evaluating Commercial Auto Insurance Needs

For contractors using vehicles for their business, commercial auto insurance is crucial. This coverage protects against liabilities arising from the use of company vehicles. The dense traffic and complex logistics of New York City can heighten the risks associated with transportation. Commercial auto insurance safeguards businesses against accidents, covering medical expenses and vehicle repairs, ensuring that operations remain uninterrupted despite any incidents on the road.

In a city that relies heavily on timely deliveries and movement of goods, having reliable commercial auto insurance ensures that your fleet—whether it’s a single van or an entire convoy—is protected from unforeseen circumstances such as theft or vandalism. This coverage not only secures your assets but also maintains business credibility and client trust by guaranteeing contractual obligations are met on time.

5. Ensuring Adequate Equipment Insurance

Equipment insurance covers the repair or replacement cost of tools and machinery used in contracting work, providing peace of mind against unexpected damages. Construction equipment represents a significant investment, and damage or loss can severely impact project timelines and costs. Tools and equipment are often mobile, used across multiple sites, and exposed to theft or damage. Having robust equipment insurance ensures that you can quickly replace or repair critical assets, minimizing downtime and maintaining project momentum.

6. Umbrella Insurance for Added Protection

Umbrella insurance provides additional liability coverage beyond the limits of standard policies, offering an extra layer of security for contractors. In a city like New York, where lawsuits can be both frequent and expensive, umbrella insurance is a strategic safeguard. This coverage can include incidents that exceed general liability, auto, or workers’ compensation insurance limits, effectively preventing catastrophic financial losses.

Securing umbrella insurance is akin to fortifying your business against the worst-case scenarios. It is particularly beneficial in disputed situations where claims might involve substantial settlements or judgments. For high-profile projects or clients with rigorous expectations, showing that you have this additional insurance can also enhance your credibility and appeal as a contractor, underscoring your commitment to comprehensive risk management.

7. Understanding Builder’s Risk Insurance

Builder’s risk insurance covers property construction projects against damage caused by fire, weather, and theft, important for any contractor involved in building. This coverage is vital from the moment construction begins until the project is completed. For contractors in New York, where unpredictable weather can interfere with construction schedules and increase the risk of damage, this insurance ensures that unforeseen setbacks do not translate into financial disaster.

8. Why Contractor’s Pollution Liability is Critical

Contractor’s pollution liability insurance covers claims related to environmental damage caused during construction, a vital consideration for projects involving hazardous materials. Given New York’s stringent environmental regulations, this insurance protects against accidental discharges, clean-up costs, and related legal fees. For contractors handling materials like asbestos or working near sensitive sites, having comprehensive pollution liability insurance is paramount to avoid significant penalties and reputational damage.

9. Cyber Liability Insurance in the Digital Age

With the increasing reliance on technology, cyber liability insurance protects contractors from potential data breaches and cyber attacks. As contractors manage confidential project details, financial transactions, and client information, the risk of cyber threats grows. This insurance covers the costs associated with data breaches, including notification expenses, legal fees, and reputational repair. In a digitally connected world, where cyber threats are just as real as physical risks, secure your business with comprehensive cyber liability coverage.

10. The Necessity of Inland Marine Insurance

Inland marine insurance covers tools and equipment in transit, providing coverage for mobile resources essential to a contractor’s operations. The dynamic nature of construction work in New York means that tools and machinery are constantly moved between sites. This insurance protects against loss or damage during transportation, ensuring your business remains operational, irrespective of logistical challenges. By covering such valuable assets, inland marine insurance supports business continuity and enables contractors to respond swiftly to new project demands without worrying about equipment safety.

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 business owners in the Tri-State area (New York, New Jersey, and Connecticut), annual workers’ compensation insurance audits can be a source of stress and frustration. These audits, conducted by insurance companies to verify payroll, job classifications, and other details, often lead to unexpected bills or disputes. Fortunately, there’s a solution: partnering with a Professional Employer Organization (PEO) can help you avoid or significantly reduce the headaches associated with these audits.

In this article, we’ll discuss five ways a PEO can help mitigate workers’ compensation insurance audits. We’ll also explain how BGES Group offers tailored programs for business owners, particularly contractors, to simplify their insurance needs and minimize the impact of audits.

The Challenges of Annual Workers’ Compensation Audits

Workers’ compensation insurance audits are mandatory for most businesses. They ensure that premiums accurately reflect actual payrolls and employee classifications. However, these audits can be challenging for several reasons:

1. Surprise Costs: If your payroll increased during the year or if employees were misclassified, you could be hit with a large retroactive bill.

2. Time-Consuming Process: Gathering payroll records, contracts, and other documentation can disrupt your operations.

3. Errors and Disputes: Mistakes in reporting or misunderstandings about employee roles can lead to prolonged disputes with your insurer.

4. Cash Flow Issues: A large audit bill can strain your cash flow, particularly for small businesses.

How Partnering with a PEO Can Help

A PEO is a company that provides comprehensive HR services, including payroll processing, benefits administration, and workers’ compensation insurance. Here are five reasons why having your workers’ compensation insurance through a PEO can help you mitigate or even eliminate annual audits:

1. Simplified Payroll Integration

PEOs handle your payroll and integrate it directly with workers’ compensation insurance. Since payroll is reported in real time, there’s no need for an end-of-year reconciliation or audit. This eliminates surprises and ensures that premiums are always accurate.

2. Elimination of Manual Reporting Errors

A PEO’s automated systems reduce the risk of errors in employee classification or payroll reporting. Proper classification and accurate data entry are crucial to avoiding costly audit discrepancies.

3. Pay-As-You-Go Workers’ Compensation

With a PEO, you typically pay workers’ compensation premiums on a “pay-as-you-go” basis. Premiums are calculated based on actual payroll figures each pay period, reducing the risk of overpayment or underpayment.

4. Expert Management of Employee Classifications

PEOs have experts who understand the complexities of workers’ compensation classifications. They ensure that your employees are classified correctly, minimizing disputes with insurance carriers during audits.

5. Reduction of Administrative Burdens

By partnering with a PEO, you transfer the responsibility of handling workers’ compensation audits to professionals. The PEO deals with the insurance carrier, allowing you to focus on running your business instead of dealing with audit paperwork and disputes.

How BGES Group Can Help Tri-State Business Owners

At BGES Group, we understand the challenges that business owners face with workers’ compensation insurance audits. That’s why we’ve developed tailored solutions to help businesses in the Tri-State area streamline their insurance needs and avoid the stress of audits.

1. Specialized Programs for Contractors

BGES Group offers several programs designed specifically for contractors, who often face unique challenges with workers’ compensation audits. Our programs ensure accurate employee classification, proper coverage, and competitive pricing to help contractors avoid audit-related surprises.

2. Nationwide Coverage (We Work With a Partner Who Can Service Nationwide)

While we specialize in serving businesses in New York, New Jersey, and Connecticut, we also offer programs for businesses nationwide. This flexibility allows us to provide expert assistance no matter where your operations are located.

3. Comprehensive Payroll and Insurance Packages

For businesses looking to simplify their operations, we offer packages that combine payroll services with workers’ compensation insurance. These programs often function like a PEO, with real-time payroll integration to eliminate the need for audits.

4. Expertise in Workers’ Compensation Audits

At BGES Group, we’re not just insurance brokers—we’re audit specialists. Our team has extensive experience helping businesses navigate the complexities of workers’ compensation audits. We’ll work with you to ensure compliance, minimize your audit exposure, and address any issues that arise.

5. Personalized Service

As a boutique insurance agency, BGES Group provides personalized service tailored to your unique needs. Our founder, Gary Wallach, has decades of experience in the industry and takes pride in helping business owners find the best coverage at competitive rates.

Why Choose BGES Group?

BGES Group is a trusted partner for Tri-State business owners seeking to simplify their workers’ compensation insurance and reduce audit-related stress. Here’s why businesses turn to us:

• Industry Expertise: We specialize in workers’ compensation insurance for all industries, including contractors, auto services, manufacturers, moving and storage agents, limousine services, and truckers.

• Tailored Solutions: We offer customized insurance programs that address your specific challenges.

• Transparent Pricing: Our programs are designed to eliminate surprises, with straightforward pricing and no hidden fees.

• Proven Results: Many of our clients have successfully avoided audit-related headaches thanks to our expert guidance and innovative solutions.

Get Started with BGES Group Today

If you’re a Tri-State business owner looking to escape the annual workers’ compensation insurance audit cycle, BGES Group can help. Our tailored programs, personalized service, and expertise in audit mitigation make us the ideal partner for your business.

Contact Information

To learn more about how we can help your business, contact Gary Wallach at BGES Group:

• Phone: 914-806-5853

• Email: bgesgroup@gmail.com

• Website: www.bgesgroup.com

Don’t let annual audits disrupt your operations or drain your resources. Partner with BGES Group today and take the first step toward stress-free workers’ compensation insurance.

When running your construction operation, one of the biggest challenges is preventing subcontractors’ and suppliers’ safety practices from interfering with your own safety program.

While you may consider a number of factors when vetting a new subcontractor or vendor, one area that is often overlooked is their workplace safety practices. This is a mistake and can cost you dearly if one of their workers causes an incident at your worksite.

Not only could you see one of your own employees injured, but you could also get a visit from an OSHA inspector.

The National Safety Council’s Campbell Institute recently conducted a study of organizations with excellent safety records to identify the best practices for contractor and vendor safety.

As part of the study, it identified five steps during a contractor or vendor relationship when it’s incumbent on a hiring company to evaluate the workplace safety habits of its business partners. 

Prequalification

The institute recommends looking at more than just a company’s experience modification rate. It says safety-minded firms assess contractors in multiple areas, such as their total recordable incident rate, fatality rate, days away from work for injured workers, restricted or transferred rate, and other OSHA recordables for the last three years.

Many firms also ask for environmental reports, written safety programs, permits, licenses and continuous improvement programs.

Pre-job task and risk assessment

Before a contractor begins work, institute members recommend having a method for evaluating the risk of the work to be performed. Doing this can help you understand the scope of the work and give you a chance to put into place a new written safety program if the risk is deemed high.

Most importantly, you should require contractors to adhere to the same safety standards as you do.

Training and orientation

You should require safety orientation and skills training for subs before they step onto your job site.

Also, if they are doing highly specific work, you should ensure they have any required permits or special training. Some of the jobs that fit into that category are confined-space entry, electrical work, hot work, energy control, forklifts and elevated work.

Job monitoring

Many safety-minded companies monitor work with daily checklists, pre-shift tailgate or safety meetings and weekly walk-through inspections.

Some of the companies surveyed for the study also require contract employees to submit a certain amount of safety observations and utilize mobile applications to report non-compliance or unsafe conditions.

Keep up-to-date incident logs, as this is crucial to monitoring subcontractor safety during a project.

Post-job evaluation

Conduct a post-job evaluation. During this phase look at safety, customer service and the quality of the finished work, and use those factors in determining the subcontractor’s eligibility for future contracts.

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

While wage and hour lawsuits filed against employers around the country declined between 2022 and 2023, there were still nearly 6,000 complaint filings under the federal Fair Labor Standards Act.

These types of complaints are the most common employee actions against employers and they typically cover failure to pay workers for hours worked, overtime infractions or requiring them to work during their lunch period.

With the onset of remote work and mobile devices, the chances of an employee working off the clock have increased substantially.

For example, if a manager texts a non-exempt employee while they are home and during non-working hours and asks them to send a client an e-mail, they are essentially requiring the employee to work unpaid.

If your require or allow your staff to work off the clock, the employee must be compensated for all of that time. This means that even if you did not ask the employee to work, you may still be required to compensate them, as long as:

• You know or have reason to believe that the employee is continuing to work, and
• You are benefiting from the work being done.  

This is true regardless of where the work is performed at in the office or at home, for example.  

Nine steps to protect your business

To protect your business from being sued for wage and hour infractions:

1. Calculate overtime correctly. In some cases, an employee is paid by salary or piecework, and may receive bonuses and commissions. All of these are factors that must be considered in correctly calculating overtime pay.
2. Keep detailed records of everything related to wages and hours.
3. Do not allow non-exempt employees to remotely access their work e-mail account.
4. If you give an employee access to their work e-mail at home, ensure that they are paid for their time in reviewing and responding to e-mails when not at work.
5. Educate managers about text messaging or e-mailing non-exempt employees when they are off the clock. Conversely, tell non-exempt staff avoid answering text messages or e-mails about work when they are off the clock.
6. Do not allow employees to take lunch at their assigned work area. If a worker answers a phone call or writes an e-mail during a lunch break (even if they weren’t not ordered to do so), they may be entitled to payment for time worked.
7. If an employee is asked to stay after their scheduled end time to finish up a project, they need to remain on the clock and paid for that time.
8. If a supervisor knows that a worker is staying late to finish a project, that time is compensable, even if the supervisor never asked them to stay late.
9. Have in place a written policy that bars unauthorized work or unauthorized overtime. Ensure that your employee handbooks and wage and hour policies and procedures are up-to-date and compliant.

Insurance

If an employee is successful in an FLSA claim, they may recover twice the amount of their unpaid wages, plus a mandatory award of attorney fees, which often far exceed the amount of any unpaid wages.

Many employers purchase employment practices liability insurance to help cover the costs of employee lawsuits, but policies typically exclude coverage for wage and hour claims.

However, there are some insurers that will provide a wage and hour defense-cost-only sublimit on the EPL policy.

There are some specialized insurance policies that are sold by offshore companies that will cover wage and hour infractions, the costs of litigation and awards. However, they are uncommon.

In light of the scarcity of coverage, it’s important that you have in place strong policies to deter employees from working unauthorized overtime.

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