Workers’ compensation insurance is a crucial safety net for employees who suffer job-related injuries or illnesses. In New York, this system ensures that workers receive necessary medical care and wage replacement benefits, regardless of fault. Understanding the claims process, the types of payments available, and what happens in the unfortunate event of a workplace fatality is essential for both employees and employers.

The Workers’ Compensation Claims Process in New York

New York operates under a no-fault workers’ compensation system, meaning that injured employees can receive benefits regardless of who was responsible for the accident. However, to qualify, certain steps must be followed:

1. Reporting the Injury

Employees must report a workplace injury or illness to their employer as soon as possible, but no later than 30 days from the date of the incident. Prompt reporting helps avoid delays in medical treatment and benefits.

2. Seeking Medical Treatment

Workers should seek medical attention from a healthcare provider authorized by the New York Workers’ Compensation Board (WCB). The physician’s report will be critical in supporting the claim.

3. Filing the Claim

To officially begin the claims process, the injured worker must file Form C-3 (Employee Claim) with the WCB within two years of the injury. The form can be submitted online, via mail, or in person.

4. Employer’s Responsibilities

Once notified of the injury, the employer must inform their workers’ compensation insurance carrier and submit Form C-2F (Employer’s Report of Work-Related Injury/Illness) to the WCB.

5. Insurance Carrier Review

The insurance company will investigate the claim and determine whether to accept or dispute it. If approved, payments begin promptly. If disputed, the case may go to a WCB hearing for resolution.

6. Dispute Resolution

If there is a disagreement regarding benefits, the case is reviewed by a workers’ compensation law judge who hears evidence from both sides before making a determination.

Types of Workers’ Compensation Benefits in New York

Workers’ compensation provides several types of benefits, depending on the severity and impact of the injury or illness.

1. Medical Benefits

Workers are entitled to full coverage for all necessary medical treatments related to their work injury, including doctor visits, hospitalization, surgeries, rehabilitation, and medications.

2. Cash Benefits

If the worker is unable to work due to their injury, they may receive cash benefits based on their average weekly wage and the extent of their disability:

• Temporary Total Disability (TTD): When an injury prevents the worker from performing any work for a temporary period.
• Temporary Partial Disability (TPD): When the worker can perform some tasks but cannot earn the full wages they previously did.
• Permanent Total Disability (PTD): When the worker can no longer work in any capacity due to the injury.
• Permanent Partial Disability (PPD): When the worker sustains a permanent impairment but can still work in some capacity.

3. Scheduled Loss of Use (SLU) Awards

For permanent loss of function or amputation of specific body parts (e.g., limbs, vision, or hearing), workers may receive a one-time cash award based on a pre-determined schedule.

4. Vocational Rehabilitation

If an injury prevents a worker from returning to their previous job, they may qualify for vocational rehabilitation services to help them transition into new employment.

What Happens When a Worker Dies on the Job?

In the unfortunate event of a workplace fatality, the deceased worker’s dependents may be entitled to death benefits.

Death Benefits for Dependents

New York law provides financial compensation to surviving dependents, which may include:

• A surviving spouse
• Minor children
• Dependent parents, grandparents, or siblings (if financially reliant on the deceased worker)

The benefit amount is typically two-thirds of the deceased worker’s average weekly wage, subject to state-set maximums. Payments continue for the lifetime of the spouse (unless they remarry), and children receive benefits until they turn 18 (or 23 if they are full-time students).

Funeral Expenses

Workers’ compensation also provides coverage for funeral and burial expenses. As of current regulations:

• Up to $12,500 in New York City, Long Island, and select counties.
• Up to $10,500 in other areas of the state.

Filing a Death Claim

The surviving family must file Form C-62 (Claim for Compensation in Death Case) with the WCB within two years of the worker’s death.

BGES Group: Your Workers’ Compensation Insurance Specialists

Navigating workers’ compensation insurance can be challenging for businesses. Ensuring proper coverage and compliance with New York laws is essential to protecting both employees and company assets. That’s where BGES Group comes in.

With over 42 years of experience, BGES Group specializes in workers’ compensation insurance, particularly for businesses in high-risk industries like construction. Their team provides personalized guidance, ensuring employers get the best coverage options while minimizing costs.

Why Choose BGES Group?

• Industry Expertise: Deep knowledge of New York, New Jersey, and Connecticut workers’ compensation laws.
• Tailored Insurance Solutions: Customized policies to fit business needs and reduce risks.
• Dedicated Support: One-on-one assistance to help navigate claims and prevent costly disputes.

Contact BGES Group

For expert workers’ compensation insurance solutions, reach out to BGES Group:

• Contact Person: Gary Wallach
• Phone: (914) 806-5853
• Email: bgesgroup@gmail.com
• Website: bgesgroup.com

Whether you’re an employer looking for comprehensive workers’ compensation coverage or need guidance on managing claims, BGES Group is your trusted partner.

Choosing the right workers compensation insurance is crucial for roofers to protect themselves and their team from potential workplace injuries and financial loss. In this FAQ, we will explore the key considerations that roofers should keep in mind while selecting an insurance plan.

Assessing Coverage Needs

Roofing is inherently risky, with unique dangers presented by heights, weather conditions, and heavy equipment. Thus, roofers must meticulously evaluate coverage needs to ensure their workers are protected from common injuries like falls and slips. Adequate workers compensation coverage should encompass medical expenses, lost wages, and rehabilitation costs arising from workplace injuries specific to roofing. Consider additional policy options that might cover tools damage or provide extended benefits for severe injuries requiring prolonged rehabilitation.

Understanding the kinds of incidents roofs frequently face can guide selecting the appropriate coverage limits. A comprehensive policy guards against unexpected financial strain should an accident result in substantial medical bills or worker claims. Furthermore, given the variability in state laws regarding workers compensation, ensure your policy aligns with regional mandates. This approach not only ensures compliance but maximizes the protection you can offer your employees, fostering a safer working environment.

Evaluating Insurance Providers

In selecting a provider, roofers should prioritize those with specialized experience in the construction industry, backed by a solid track record and customer satisfaction. Companies with bespoke packages, such as those provided by BGES Group, often have greater insights into specific industry risks and needs. Research insurance providers that understand the nuances of roofing industry risks. Look for those offering dedicated account managers who can provide personalized attention and clear, timely guidance tailored to your business’s unique challenges.

Reputation and financial stability should be top criteria. An insurer’s ability to pay claims is crucial, as is their responsiveness and transparency in communication. Investigate customer reviews and ratings from independent evaluators. Positive endorsements from peers in roofing can also give insight into an insurer’s dedication to customer service. Consider meeting with potential providers to discuss how their practices fit with your immediate needs and long-term goals.

Understanding Premium Costs

Premium costs can vary significantly based on the insurer, coverage limits, and the safety record of the business. It’s not enough to compare costs on price alone; understanding what these premiums cover is vital. Ensure there is harmony between price and policy benefits, so you aren’t underinsured or paying excessively for irrelevant coverage. Keep in mind that premiums can also reflect your business’s claims history—fewer claims can result in lower premiums, highlighting the importance of maintaining strong safety standards.

It’s essential to explore how premiums may change with shifting factors, such as business growth, increased staff, or larger projects. Understanding these variables equips you for more informed discussions with your insurer about policy adjustments that could provide long-term savings. Engage in comprehensive cost-benefit analysis with potential providers, weighing the upfront costs against the financial security and peace of mind comprehensive coverage delivers.

Exploring Discounts and Incentives

Many insurers offer discounts to businesses that implement and maintain rigorous safety programs. These programs not only enhance workplace safety but could lead to financial incentives, allowing for reinvestment in safety culture or other business areas. Rooftop safety training, fall protection systems, and regular equipment checks may reduce premiums when verified by insurers. Building a low-claims history could result in further reductions in long-term premium costs, rewarding roofer companies committed to minimizing risks on-site.

Explore additional incentives provided by insurance carriers, such as reduced rates for adopting innovative safety technology or annually renewed certifications of safe workplace practices. Transparency about your safety practices during the initial coverage discussions can translate into better premium rates and policies more closely aligned with your business’s proactive risk management strategies. Such forward-thinking initiatives can position your roofing business favorably in the eyes of insurers.

Checking Compliance Requirements

Compliance with state and federal workers compensation requirements is non-negotiable for roofing businesses. Failure to comply can lead to severe penalties, such as fines, civil litigation, or even business closure. Understanding each jurisdiction’s specific requirements, especially if your business operates across multiple states, is crucial. Ensure every aspect of your coverage meets these varied regulations to avoid legal entanglements and to protect your business and employees adequately.

Regularly update your business’s policies to reflect regulatory changes or updates, involving legal advice if necessary to interpret complex compliance rules. Consider taking advantage of consultative services from experienced brokers like those at BGES Group, who can provide refined insights into the latest compliance mandates affecting roofers. Not only does adhering to compliance protect your business, but it also enhances your reputation for reliability and ethics in construction sectors.

By ensuring all workers are covered under compliant policies, you’ll prevent incidents of contractors needing to cover uninsured subcontractors, a scenario which can have costly legal and financial implications. Additionally, consistently validating the status of your insurance against state databases or systems enhances security, knowing your operations are protected under lawful regulations. This vigilance should comprise part of a broader strategy that integrates compliance with overall business ethics and operational efficiency.

Making the Right Choice for Your Roofers’ Workers Compensation Insurance

By understanding these key considerations, roofers can make informed decisions that ensure their business and employees are well protected. A thorough evaluation of coverage options, costs, and providers will result in a workers compensation insurance plan that aligns with their specific needs.

Navigating the world of contractor insurance in New Jersey can be daunting. However, having the right coverage is crucial for protecting your business and ensuring peace of mind. This guide provides essential tips to help you understand contractor insurance and make informed decisions.

1. Demystifying Contractor Insurance Basics

Before diving into the specifics, it’s essential to understand what contractor insurance entails. This type of insurance is designed to protect your business from various risks and liabilities. Generally, it includes coverage like general liability, workers’ compensation, and property damage. General liability insurance, for instance, shields your business from legal claims due to bodily injuries or property damages that may occur during your operations. Understanding these fundamental concepts will help you see why such insurance is indispensable.

Tools and equipment insurance also plays a crucial role, especially for businesses relying heavily on these assets for their daily operations. This coverage ensures that if your tools are stolen or damaged, you can recover financially without significant disruptions. Additionally, professional liability insurance covers errors and omissions in your work, providing a safety net when professional mistakes lead to financial loss for clients. Learning how each component safeguards your business builds a solid foundation as you explore further coverage options.

2. Understanding New Jersey’s Legal Requirements

In New Jersey, specific insurance coverages are mandatory for contractors. For instance, workers’ compensation insurance is required for businesses with employees. Familiarizing yourself with these legal requirements can help you avoid hefty fines and penalties. State laws mandate that general contractors also maintain certain levels of liability insurance, which is crucial not only for legal compliance but also for securing your business operations.

Failure to adhere to these laws can result in significant financial penalties and loss of licensure, disrupting your company’s ability to operate legally in the state. It’s also crucial to note that as a contractor, you must renew your licenses annually and provide proof of valid insurance to do so. Understanding these stipulations will ensure that your business remains compliant and operational without interruptions.

Beyond compliance, meeting New Jersey’s insurance requirements protects your company from risks like employee injuries or accidents. With comprehensive coverage, you shield your business from potentially ruinous lawsuits and financial liabilities. Keeping up with state-specific regulations allows you to focus more on growing your business, secure in the knowledge that you’re legally covered and ready for any challenges that may arise.

3. Evaluating Your Business Needs

Every contracting business is unique, with its own set of risks. It’s crucial to assess your particular needs, taking into account factors like the size of your business, the type of work you do, and your clientele, to determine the most suitable coverage. For example, a contractor working primarily on large infrastructure projects will have different insurance needs compared to one specializing in residential renovations.

Considerations such as the number of employees, the nature of your work sites, and whether you use subcontractors can all influence the type and amount of insurance you require. Having a thorough understanding of these aspects allows you to tailor your coverage effectively, ensuring that it provides optimal protection while staying within your budget constraints. Evaluating these factors thoroughly empowers your decision-making process, safeguarding your business against unexpected challenges.

4. Choosing the Right Coverage Types

Determine which types of insurance will most appropriately mitigate your risks. Common coverages include general liability, professional liability, and equipment coverage. Understanding each type’s purpose will enable you to choose wisely. For example, while general liability insurance is pivotal for covering accidents, professional liability protects against errors in your professional services, such as design flaws or architectural oversights.

Likewise, if your work involves using expensive machinery or tools, tool and equipment insurance can offer protection from theft or damage that might otherwise derail a project. Ensuring comprehensive insurance coverage helps sustain your business’s operations seamlessly, even in the face of unforeseen incidents. The right mix of these coverages can fortify your business against a wide array of potential liabilities.

5. Finding a Reliable Insurance Provider

Not all insurance providers are created equal. It’s essential to research and compare companies to find one that offers reliable service and comprehensive coverage options at competitive rates. Investigate their reputation, customer support, and claims process efficacy. You can start by reading reviews and testimonials from other contractors, or consult professionals who specialize in insurance for construction and contractor businesses.

A provider’s financial stability is also critical, ensuring that they can meet their obligations when claims arise. Connecting with an insurance company that has deep knowledge of New Jersey’s compliance needs ensures your coverage is tailored to meet state-specific demands while providing comprehensive protection. This due diligence pays off in the long run, offering peace of mind knowing you’re partnering with a dependable insurer.

6. Checking for Additional Endorsements

Endorsements can extend your policy’s protection to cover specific exposures unique to your business operations. Review your needs with an insurance specialist to see if you might benefit from additional endorsements. For example, a pollution liability endorsement might be necessary if you handle materials that can impact the environment.

Endorsements like builder’s risk insurance are particularly beneficial for contractors working on new constructions, covering damages from events like fires or vandalism during the building process. Customizing endorsements can fill any gaps left by standard policies, providing an extra layer of security tailored to your specific operational intricacies.

7. Keeping Your Documentation in Order

Maintaining clear and organized documentation is essential for insurance claims and renewals. Ensure all your paperwork is up to date, including policy details, receipts, and correspondences with your provider. Efficient record-keeping minimizes delays and complications when you need to file a claim or review your insurance program.

Organized documentation also facilitates the renewal process by having all necessary details at your fingertips when updating policies. Implementing a system to digitize records and backups can further simplify management, enhancing accessibility and security. This proactive approach positions your business to efficiently navigate any insurance-related processes.

8. Reviewing and Updating Your Policy Regularly

Your business evolves, and so should your insurance policy. Make it a practice to review your coverage annually to ensure it still aligns with your current needs and circumstances. Changes such as new projects, expanded services, or shifts in employee numbers can all necessitate policy adjustments.

Regular policy reviews with your insurer allow you to adjust coverages as your business grows or changes. This continual alignment ensures protection remains adequate while possibly identifying any cost-saving opportunities by eliminating redundant coverages. Staying proactive in this regard equips your business to adapt to developments without compromising financial security.

9. Understanding Claims Processes

Knowing how to file a claim correctly can save you time and frustration if an incident occurs. Familiarize yourself with your insurer’s claims process and have all necessary details readily available. Prompt, accurate claims processing hinges on understanding the procedure beforehand, including how to properly document and report incidents.

Many insurers offer online portals for filing claims or tracking their progress. Utilize these tools to streamline the process and ensure all required paperwork is submitted on time. Partnering with a responsive insurance provider will also help expedite resolutions so your business can recover and continue operations smoothly.

10. Cost-Effectiveness and Budget Considerations

While it’s tempting to opt for cheaper premiums, weighing cost against coverage quality is crucial. Analyze what you’re getting for the price and ensure you’re not underinsured to save money. Affordable premiums might appeal initially, but inadequate coverage can lead to severe setbacks when claims arise.

Consider the total value provided by a policy, including flexibility in premium payment plans and additional services offered by your provider. Achieving balance between cost-efficiency and comprehensive protection safeguards your business from unforeseen risks without overextending your budget, fostering long-term financial health and growth.

Know Your Options

Many contractors believe their only choice for Workers’ Compensation Insurance is through a state or assigned risk plan. However, there are other options available that many are unaware of.

Let’s start with insurance companies offering stand-alone Workers’ Compensation policies. These policies typically have guaranteed rates for one year, and businesses pay a fixed monthly premium. To bind coverage, a deposit of up to 25% is usually required, and a deposit is also necessary for policy renewal each year. Some companies offer pay-as-you-go payment plans, which are popular among business owners.

Another lesser-known option is a payroll/workers’ compensation plan, a program that has been available for over 24 years. This program offers several features beneficial to contractors and their employees. It is the only program we know of with such long-term stability, as the payroll company also owns its workers’ compensation company. This setup enables the company to insure higher-risk contractor classes, such as demolition and roofing contractors. Additionally, it can cover businesses like auto services, limousine services, and transportation companies.

There are also payroll companies that partner with insurance providers to offer Workers’ Compensation coverage. Payments are typically deducted weekly or bi-weekly. These providers often cater to low-risk businesses, such as florists or electricians, with some offering competitive rates. However, others may have higher rates, and some payroll services may add extra fees on top of their earnings from insurance companies. Buyer beware!

Finally, if you have a poor loss history or a high experience modification factor, making it difficult to secure insurance, Professional Employer Organizations (PEOs) might be a solution. These organizations combine payroll services with Workers’ Compensation coverage. While similar to payroll/Workers’ Compensation plans, PEOs are legally and technically distinct. They act as co-employers, meaning they have some authority over hiring decisions. Some PEOs also offer health insurance as part of their plans, providing a cost-effective way to secure coverage for your employees. Rates are generally competitive, and the provider networks are extensive.

Options When You Have Three Common Problems

Depending on the type of work you do, you may have access to quotes from multiple insurance carriers or just one. For instance, plumbers or electricians often have several carriers willing to offer coverage. However, if you’re a restoration contractor working at heights above three stories or handling asbestos, only one or two carriers may provide coverage.

What if you have poor loss experience?

Typically, you’d need to go through a state or assigned risk plan. But what if you don’t want to? What if you previously had coverage, got canceled, and now owe money? Assigned risk plans won’t sell you a new policy until you clear any outstanding balance. Additionally, their rates for contractors with poor loss histories can be exorbitant.

We’ve helped many contractors in similar situations. For example, we recently assisted two contractors with over $1 million in losses secure coverage. These losses included dubious claims from employees who filed through the Workers’ Compensation Board instead of their employer, often months after the supposed accidents. To address these issues, one contractor hired a private investigator to scrutinize claims. If you’re a New York City contractor struggling with claims, call Gary Wallach at 914-806-5853 for assistance.

What if you’ve been canceled due to an audit dispute?

Many contractors face challenges with audits, where disputes over incorrect audits leave them with two options: pay or be canceled. One contractor we worked with couldn’t secure a new policy until they agreed to pay $41,000, despite not actually owing the amount. If you’re dealing with audit issues, call 914-806-5853 to discuss a “Plan B.”

What if you work out of state?

For instance, if you’re a New York City contractor insured through a state plan but take occasional jobs in New Jersey, you might unknowingly lack proper coverage. If an employee is injured in New Jersey, your carrier might deny the claim, leaving you liable for significant costs. Many contractors are unaware of this potential risk.

Recently, we helped a New York-based contractor whose work is entirely in Connecticut. Their broker failed to advise them to purchase coverage for both states, which could have left them exposed to significant liability. If you’re unsure about your coverage, contact us for help.

How to Get Help and Fix the Problem

When faced with challenges, BGES Group is here to help. Gary Wallach, the owner, is a Workers’ Compensation specialist with extensive knowledge and a commitment to resolving issues quickly and efficiently.

One of Gary’s standout qualities is his accessibility. Whether you call, email, or text, he responds promptly. Certificates are issued within minutes, and there are no excessive policy or service fees. Gary’s dedication to clients sets him apart in the industry. If he can’t help you directly, he’ll connect you with someone who can. Call him at 914-806-5853 for assistance.

How BGES Group Can Help

BGES Group offers solutions for the following issues:

1. High-Risk Categories – We work with up to 25 companies to find coverage for high-risk businesses like asbestos abatement, demolition, and roofing.

2. Audit Disputes – We can help correct audits or find a new insurance provider.

3. Avoiding Annual Audits – Depending on the plan, we may offer programs with minimal audit requirements.

4. Poor Loss Experience – We specialize in finding coverage for businesses with poor loss histories, often at better rates.

5. Cancellations – We can secure coverage for businesses facing cancellation.

6. High Experience Modification Factors – We have programs with unique rating calculations to potentially lower your rates.

7. Payroll Misclassification – We can help reclassify payroll and recover overpayments for up to seven years, with refunds reaching up to $500,000.

8. Premium Recovery – We identify and recover excess payments on a contingent-fee basis.

9. Unhappy with Payroll Service – We offer alternative programs with lower fees and rates.

10. Flexible Payment Options – Pay premiums based on reported payroll for improved cash flow.

11. No Renewal Deposits – Some programs waive renewal deposit requirements.

12. Avoiding Excessive Fees – We typically do not charge policy or service fees unless necessary.

Contact Us Today

Whatever your issue, BGES Group is here to help. Call Gary Wallach at 914-806-5853 and let us take your headaches off your hands.

BGES Group

Located in Larchmont, NY, we are a full-service insurance agency offering a wide range of coverage, including Workers’ Compensation, Property, Liability, Group Health, and more. Contact us today to learn how we can help you!

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On Jan 22, 2025, at 7:19 AM, egspublica@aol.com wrote:

Know Your Workers’ Compensation Options!

Know Your Options

Many contractors think the only option for their Workers’ Compensation Insurance is through a state or assigned risk plan.  Many are not aware of the other choices they have when it comes to buying this coverage.

Let’s start with insurance companies that offer Stand-a-Lone, Workers Comp Policies.  Usually their rates are guaranteed for one year.  Businesses pay a fixed, monthly premium. To bind coverage usually up to a 25% deposit is required.  A deposit is required annually to renew policy.  Depending on company, they may offer a pay-as-you go payment plan.  This is the main type of workmans comp policy business owners purchase.     

Another option, which few contractors know about, is a company that offers a payroll/workers’ compensation plan.  This plan, around for 24+ years, has several features designed to help contractors and their employees.  Note this is the ONLY program we know that’s been in existence 24+ years (it offers long-term coverage stability which we feel is important), the payroll company owns their workers compensation company.  This set up allows the company to insure riskier contractor classes like demolition and roofing contractors.  Other types of business that can be covered with this company are auto services, limousine services and transportation services.

There are other payroll companies offering Workers’ Compensation.  They have agreements with insurance companies and payment for coverage is usually deducted weekly or bi-weekly.  Most of their insurance companies are conservative with the types of businesses they’ll insure.  If you fall into a low risk business like a florist or electrician, they’ll have no problem insuring you.  Some of their companies offer competitive rates.  Others, rates can be high.  Some payroll services add fees on top of what they get paid from their insurance companies.  BUYER BEWARE! 

Finally, if you have poor loss experience and a high experience modification, making it difficult to get insurance, there are Professional Employer Organizations (PEO) that may come to your rescue!  They couple payroll service with workers compensation. They are like payroll/wc plans but technically/legally are set up differently.  One technicality is they are considered co-employers.  This means they have say over who you hire.  Some plans offer the option to purchase health insurance. This is another way to “Skin a Cat” if you need affordable health insurance.  Rates are usually competitive.  Provider networks extensive.                                                                                                                                                       

Options When You Have These Three Problems

Depending on the work you do, you may be able to get quotes from several insurance companies or just one.  For example, if you’re a plumber or electrician, most carriers will offer you worker’s compensation coverage.  However, if you’re a restoration contractor and work at heights above 3 stories or asbestos, only one or two carriers may offer coverage.

What if you have poor loss experience?  Usually you have to go to a state or assigned risk plan.  But what if you don’t want to go through one?  What if you previously had coverage with them, got cancelled and owe them money?  Until you pay off balance they won’t sell you a new policy. What if their rates because of your poor loss experience are astronomical?  What can YOU do?

Many contractors come to us for help.  Recently, we helped two contractors, each with over one million in losses, get coverage.  Of course, the worst claims were from employees who no one witnessed getting injured, who immediately hired attorneys, who filed their claims NOT through their employer but directly with the Workers’ Compensation Board, one filing their claim up to 10 months after supposed accident.  These people have no conscious nor idea how they jeopardize their employer’s business existence and co-workers livelihoods!  Because we have “The Right Companies for Contractors with Poor Loss Experience,” we got them coverage!  One contractor, every time an employee gets injured, he hires a private investigator to investigate claim.  Within hours, private investigator is looking into what happened. And this investigator is quite shrewd.  Are you a New York City contractor who is having claim problems?  Want to hire this P.I.?  Call Gary Wallach at 914-806-5853 and get help.

What if you’ve been cancelled due to an audit dispute?  A lot of contractors come to us for help when they are having audit problems.  Even though their audit is wrong, their company leaves them with two options, pay or be cancelled.  Usually, the amounts owed are not just a few dollars but thousands, tens of thousands of dollars.  One contractor can’t get a new policy until they agree to pay off $41,000.  Then they can purchase coverage. The only issue is the contractor doesn’t owe them money….they may even owe the contractor money.  Who knows if audit will ever get fixed?  Are you having audit problems and worried about being cancelled? Call 914-806-5853 and get a “Plan B” in place now.

Work out of state?  For example, you are a New York City contractor insured through state plan.  Most of your jobs are in the 5 boroughs but from time to time, you take jobs in New Jersey.  These jobs last a few weeks to several months. For these jobs, you use employees who live in New Jersey. What happens if an employee gets hurt and seeks medical care in New Jersey?  Think you have the right coverage?  Think again?  It’s our opinion if an injury occurs, example worker falls and suffers severe back injuries, you will be responsible for hundreds of thousands of dollars because your insurance carrier will deny coverage.  So many contractors are clueless about this issue.  BUYER BEWARE!

Recently we helped a New York office based contractor, BUT who does all their work in Connecticut, get “The Right Coverage.”  They have workers that live both in New York and Connecticut.  However, all their work is done in Connecticut.  We cannot believe their insurance broker and insurance company did not catch this mistake and advise them to purchase coverage with a company that covers both New York and Connecticut.  One bad claim and they could have been on the hook for hundreds of thousands of dollars!   

How To Get Help So Your Problem Gets Fixed  

What can you do when faced with a problem that has your back against the wall?  We feel calling BGES Group is one of your best bets!  The owner, Mr. Wallach, is one of the most helpful “Workers’ Compensation Specialists” in the New York and surrounding areas.  He is an encyclopedia of knowledge and will help you until your problem gets fixed!

One amazing thing about Gary Wallach is when you call him you immediately get him.  When you email him he emails you right back.  When you text him he texts you right back.  When you ask for help he has an unlimited capacity to give.  Certificates are issued within minutes. You never wait for anything!   He doesn’t charge ridiculous policy fees of up to $10,000 or service fees of up to 10%!  Why his competitors do this to their clients when they get paid nicely from their insurance companies, in his opinion, shows what really drives them.  Contractors pay through the nose for their insurance, why make it any more painful.  Whether a client or not, Mr. Wallach helps everyone!  He’s the “Diamond in the Rough” that every once in a “Blue Moon” you get to work with.  If Gary can’t help he will direct you to someone he thinks can!  His cell is 914-806-5853 so call him day or evening, Monday through Sunday, whenever in need!    

BGES Group can help with the following issues:

1. Your Business Is In a High Risk Category Therefore Hard To Find Worker’s Compensation – We have up to 25 companies to market your account to.  We have several carriers that can insure businesses with poor loss experience.  Several others to insure if you’re considered high risk.  For example, we can insure Asbestos Abatement, Demolition and Roofing contractors through non state plans.

2. Audit disputes – We can help fix audit mistakes or find you a new company.                                                      
3. Looking To Get Away From Annual Audits – Depending on the state and plan, we may be able to get you into a program that doesn’t do annual audits or if legally required to do so, the amount of documents and time required is minimal.                                                                                                                                                                                                               
4. Have Poor Loss Experience – If you are being cancelled, we can find you a new company.  If your rates have skyrocketed, we can try to find you a company whose rates are lower.  Two contractors, both with over $1 million in losses, came to us seeking help.  We ended up getting them new companies, both offered better rates.                                                                                                                                                
5. Being Cancelled – We can find you a new insurance company.                                                     
6. High Experience Modification Factor – We have programs that have their own unique rating calculations so we may be able to get you lower rates.                                                                                                                     
7. Payroll Being Misclassified – We can help you get reclassified so the proper class code (s) and rates apply.  In addition, we have a service that can go back up to seven years and get you refunds for the mistakes made in charging you.  Our service has gotten refunds of up to $500,000 for business owners.  See 8.                                                                                                        
8. Workers’ Compensation Premium Recovery – Get back up to $500,000 on past Workers Comp payments.  We can go back up to seven (7) years.  Because the rules are complex, based on ever-changing codes, insurance companies have little interest in finding mistakes and saving you money.  That’s where we come in. With years of experience in recovering excess and/or erroneous payments, we identify and recover premiums on your behalf. And we do so on a contingent-fee basis: you pay only if and when we collect on your behalf.  Examples of refunds: $50,000, $230,000, $300,000 and $500,000, $20,000.  We do all the work.  And YOU get money back you never even thought possible!                                                                                                                            
9. Unhappy with Payroll Service Providing Your Workers Compensation – We have up to 10 programs and can get you lower payroll processing fees and lower Worker’s Compensation rates.                                                                                              
10. Do Not Want To Pay a Fixed Premium Every Month – We have programs that allow you to report payroll weekly or monthly and pay premium based on payrolls reported.  For the months payroll is low, your premium will be low too.  This is helps with cash flow.                                                                                                 
11. Do Not Want To Pay a Renewal Deposit Every Year – We have programs where you pay up front a deposit then on renewal no deposits are required.                                 
12. Sick of Paying Your Broker a $500 to $2,500+ Policy Fee or up to a 10% Service Fee – Unless company does not pay us a commission we usually do not charge policy or service fees.  You work hard for your money.  We want you to keep as much as possible and this is our way of showing we are sincere.

Whatever the issue, we can help.  Just tell us what you want and we will find a way to get it done.  Let us take whatever headaches you have and make them our headaches.  For help call Gary Wallach at 914-806-5853.

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

Special Contractor Insurance Programs (NY, NJ, CT) – We we have 60+ insurance companies to market your general liability, umbrella liability, business auto, workers compensation, bid & performance bonds and group health coverages. We help contractors set up proper risk transfer. If you’re a contractor we offer extensive information about insurance markets, coverages, risk transfer, subcontractor screening, ways to lower your insurance costs.                                            

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

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

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

e-mail: bgesgroup@gmail.com

As a new presidential administration takes the reins in Washington, D.C., industries across the country are closely watching for policy changes that could significantly affect their operations. The construction industry, particularly in New York, stands at a pivotal crossroads. With the state’s unique challenges—such as labor laws, safety regulations, and the high cost of doing business—contractors are preparing for what could be a transformative period. This article explores the potential impacts of federal policy changes on New York’s construction industry and how BGES Group, a leading insurance specialist for contractors, can help businesses navigate uncertain times.

Federal Policies and New York’s Construction Industry

1. Infrastructure Spending

One of the most anticipated policy shifts is increased federal investment in infrastructure. The administration’s commitment to modernizing transportation networks, bridges, and public transit systems could bring billions of dollars to New York. These projects would create opportunities for contractors but also come with heightened scrutiny, requiring compliance with federal regulations and union labor mandates.

2. Labor and Employment Laws

The administration’s labor policies could significantly affect New York’s construction sector, particularly its already complex labor laws. Federal efforts to strengthen unions, increase wages, and expand worker protections may lead to higher project costs for contractors. For New York contractors already navigating Labor Laws 240 and 241, new federal labor initiatives could add another layer of compliance requirements and potential liabilities.

3. Environmental Regulations

The new administration’s focus on environmental sustainability and green energy initiatives is likely to impact construction practices. New federal guidelines may require contractors to adopt eco-friendly materials, reduce emissions, and adhere to stricter building codes. While these changes aim to promote sustainability, they could also increase costs and necessitate additional insurance coverage to address the associated risks.

4. Tax Policy Adjustments

Changes in corporate tax rates, deductions, and incentives could also reshape the financial landscape for contractors. While tax credits for green construction and hiring may provide relief, higher corporate taxes could strain profitability, especially for smaller contractors.

5. Immigration Policies

New York’s construction industry relies heavily on immigrant labor. Any changes to immigration policies, such as visa programs or worker eligibility requirements, could affect labor availability. This, in turn, may drive up wages and extend project timelines due to labor shortages.

6. OSHA and Safety Standards

Federal initiatives to strengthen workplace safety could result in stricter enforcement of Occupational Safety and Health Administration (OSHA) standards. While improving safety is crucial, it may also mean more frequent inspections, higher penalties for violations, and increased costs for compliance.

Challenges for New York Contractors

Navigating these potential changes will require contractors to stay informed and agile. They will need to adopt new technologies, update training programs, and ensure their insurance policies adequately cover emerging risks. For example, stricter labor laws and environmental regulations may lead to a rise in claims and lawsuits, making comprehensive liability and workers’ compensation coverage more critical than ever.

This is where the BGES Group can make a difference.

BGES Group: Supporting New York Contractors with Specialized Insurance Solutions

BGES Group is one of New York’s premier insurance agencies specializing in construction insurance. With years of experience working with contractors across the state, they understand the unique challenges posed by New York’s stringent regulations and high-risk environment.

Comprehensive Coverage Tailored to Contractors

BGES Group provides a wide range of insurance products designed to protect contractors from financial loss. These include:

• General Liability Insurance: Covering claims of bodily injury, property damage, and legal expenses.

• Workers’ Compensation Insurance: Ensuring compliance with state laws while protecting employees injured on the job.

• Umbrella Liability Insurance: Offering additional coverage for claims that exceed the limits of standard policies.

• Labor Law Coverage: Addressing the specific liabilities associated with New York Labor Laws 240 and 241.

• Builder’s Risk Insurance: Protecting construction projects from unforeseen damages or delays.

Boutique-Like Service

At BGES Group, contractors are not just another policy number. The agency prides itself on providing personalized service tailored to each client’s unique needs. This boutique-like approach ensures contractors receive the attention and expertise they deserve, whether they’re managing small renovations or multi-million-dollar infrastructure projects.

Expert Guidance Amid Changing Regulations

The BGES Group team stays ahead of legislative changes, helping contractors adapt their coverage to meet new requirements. For example, if federal labor laws become more stringent, BGES Group can assist contractors in updating their policies to address the increased risk of claims.

Competitive Pricing

In an industry where margins are often tight, cost-effective insurance solutions are essential. BGES Group works with a network of top-rated carriers to find the best coverage at the most competitive rates, saving contractors money without sacrificing quality.

A Partner in Risk Management

Beyond providing insurance, BGES Group acts as a risk management partner. They help contractors identify potential vulnerabilities in their operations and implement strategies to minimize exposure, ultimately reducing the likelihood of claims and keeping premiums low.

Why Contractors Trust BGES Group

New York contractors trust BGES Group because of their proven track record of success. The agency has helped countless businesses secure better coverage, reduce costs, and achieve peace of mind. Here’s what a few clients have to say:

• “BGES Group went above and beyond to help us secure the right coverage. Their team is knowledgeable, professional, and always available to answer questions.”

• “Switching to BGES Group saved our company thousands of dollars on insurance while improving our coverage. We couldn’t be happier.”

• “Gary Wallach and his team are true experts in construction insurance. Their guidance has been invaluable to our business.”

Contact BGES Group Today

As the New York construction industry prepares for changes under the new presidential administration, having the right insurance partner is more important than ever. BGES Group is here to help contractors navigate these challenges with confidence.

To learn more about their services or to request a quote, contact BGES Group today:

• Phone: 914-806-5853

• Email: bgesgroup@gmail.com

• Website: www.bgesgroup.com

Don’t let uncertainty derail your business. Partner with BGES Group and secure the coverage you need to thrive in any environment.

If you’re unhappy with your workers’ compensation pricing, audit results, broker’s service, or overall experience, you’re not alone. Many businesses face these frustrations, especially in high-risk industries or in regions where workers’ compensation challenges are mounting. The good news? There’s a solution.

At BGES Group, we’re proud to be one of the Tri-State area’s leading Workers’ Compensation Specialists. Think of us as your encyclopedia for navigating the complex workers’ compensation system. With years of expertise, we know how to leverage every rule to your advantage—often saving clients up to 20% or more.

2025 will bring significant changes to New York’s workers’ compensation marketplace, and it’s critical for business owners to stay ahead. One major carrier that aggressively pursued contractors in recent years is now non-renewing all its contractor accounts. Additionally, Experience Modification Factors (EMRs) are shifting dramatically, which could significantly impact your rates.

If you’re unsure how these changes affect your business, it’s time to speak with Gary Wallach, one of New York’s top workers’ compensation specialists. Gary and the BGES Group team can educate you, develop a tailored strategy, and provide a Plan B to ensure your business is protected. Reach out today at 914-806-5853—we’re available seven days a week.

Common Workers’ Compensation Challenges We Solve

BGES Group has a proven track record of addressing the most complex workers’ compensation issues. Here are the key challenges we handle and how we can help:

1. High-Risk Business Categories

If your business falls into a high-risk category—such as construction, demolition, or trucking—you might struggle to find affordable coverage. We have access to up to 20 carriers, including those willing to work with companies facing poor loss histories or higher risks.

2. Audit Disputes

Frustrated with audit errors? We help resolve disputes with your current carrier or assist in finding a new one to escape a bad situation.

3. Avoiding Annual Audits

In some cases, we can place you with a carrier that minimizes or eliminates the need for annual audits, depending on your location and policy.

4. Poor Loss Experience

High claims can scare off many carriers, but not us. For example, two of our clients—each with over $1 million in losses—ended up paying lower rates after switching to carriers we recommended.

5. Non-Renewals or Cancellations

If your policy is being canceled or not renewed, we can secure new coverage in as little as 1–2 days.

6. High Experience Modification Factors (EMRs)

A high EMR can drive up your premiums, but we can place you in programs that offer credits to offset these factors, keeping your rates competitive.

7. Payroll Misclassification

If your payroll has been misclassified into higher-cost categories, we’ll work with your carrier to ensure accurate classifications and fair pricing.

8. Unsatisfactory Payroll Services

Many businesses rely on payroll companies that bundle workers’ compensation, but these can come with inflated fees. We offer access to up to 20 alternative programs with lower payroll processing costs and better workers’ compensation rates.

9. Monthly Premium Flexibility

For businesses with fluctuating payrolls, paying a fixed monthly premium can hurt cash flow. We offer programs that allow you to report payroll monthly and pay premiums based on those reports. When your payroll is lower, so is your premium.

10. Eliminating Renewal Deposits

Tired of paying a hefty deposit every renewal cycle? We can place you with carriers that don’t require renewal deposits after the initial year.

11. Policy Fees or Service Charges

If you’re paying policy fees of $1,000–$2,500 or service fees of 10%, we’ll find you programs with no hidden fees while delivering first-class service.

Why Choose BGES Group?

At BGES Group, we don’t just sell policies—we solve problems. Whatever your workers’ compensation issue, we’re here to take the stress off your shoulders. Here’s what sets us apart:

1. Unmatched Expertise: We specialize in workers’ compensation for New York, New Jersey, and Connecticut businesses, offering insider knowledge to optimize your coverage.

2. Significant Savings: Our specialty programs can save you up to 40% on premiums.

3. Fast Solutions: Need new coverage quickly? We can get you insured in as little as 24–48 hours.

4. Personalized Service: We treat every client like family. You’ll never struggle to get someone on the phone or receive timely answers to your questions.

5. Flexible Programs: From eliminating audits to lowering renewal deposits, we customize programs to fit your unique needs.

Client Success Stories

Here are just a few examples of how we’ve helped clients overcome their workers’ compensation challenges:

• Construction Company with High Losses: A contractor with over $1 million in claims faced skyrocketing premiums and a carrier cancellation. We secured new coverage with a reputable carrier at a lower rate.

• Small Business Audit Dispute: After their carrier misclassified payroll, resulting in an unfairly high premium, we negotiated a correction and refund.

• Non-Renewed Contractor: When a major carrier non-renewed a contractor’s policy, we found new coverage in under 48 hours, ensuring no gaps in compliance.

Comprehensive Workers’ Compensation Solutions

Our services extend beyond basic coverage. We address:

• Lowering high experience modification factors.

• Securing multi-state coverage under one policy.

• Resolving fictitious payroll disputes during audits.

• Ensuring timely issuance of certificates.

• Helping businesses that have been uninsured for months.

Take the First Step Toward Better Coverage

Your workers’ compensation policy should protect your business without creating unnecessary stress or expense. At BGES Group, we’re here to make that a reality.

Call Gary Wallach at 914-806-5853 today to discuss your needs, or visit our website at www.bgesgroup.com to learn more. Whether you’re a contractor, manufacturer, or trucking company, we have the solutions to help you thrive.

Let us take your workers’ compensation headaches and turn them into opportunities for savings, compliance, and peace of mind.

As a painting contractor in the Tri-State area, you face a unique set of risks and challenges. From managing job sites to handling equipment and ensuring your team’s safety, insurance coverage is essential to protect your business, employees, and assets. Having the right insurance not only provides peace of mind but also ensures compliance with state regulations, including those in New York, New Jersey, and Connecticut.

This guide outlines the essential insurance coverages every painting contractor needs and highlights why BGES Group is the go-to agency for Tri-State construction insurance.

1. Building, Contents, and Business Interruption Insurance

Your office, warehouse, or shop is central to your business operations. Building insurance protects the physical structure from events such as fires, storms, or vandalism. Contents insurance covers items like computers, office equipment, and materials stored on-site.

Business interruption insurance goes a step further, covering lost income and ongoing expenses if your operations are temporarily halted due to a covered event. For painting contractors storing paint, ladders, and other materials, this coverage ensures your business can recover quickly from unexpected disruptions.

2. Employer Equipment Insurance

As a painting contractor, you rely on specialized equipment like sprayers, pressure washers, and scaffolding. Employer equipment insurance provides coverage for these vital tools, protecting against theft, damage, or loss.

Replacing equipment can be costly and lead to delays on the job. With this coverage, your business stays on track without financial setbacks caused by unforeseen incidents.

3. Employee Tools Insurance

Your employees depend on their tools to deliver quality work. Employee tools insurance covers the cost of replacing or repairing tools if they are lost, stolen, or damaged while on the job.

For example, if a worker’s paint sprayer is stolen from a job site, this policy ensures they can replace it promptly, keeping projects moving forward.

4. Commercial General Liability Insurance

Commercial general liability insurance (CGL) is essential for every painting contractor. This coverage protects your business from claims of property damage, bodily injury, or personal injury caused by your work.

For instance, if paint spills and damages a client’s expensive flooring or if a passerby trips over your equipment and gets injured, CGL covers legal fees, medical expenses, and settlement costs. With New York’s stringent liability laws, having robust CGL coverage is especially important for contractors in the Tri-State area.

5. Business Auto Insurance

Your business vehicles are essential for transporting materials, equipment, and crew. Business auto insurance protects your vehicles from accidents, theft, and liability.

Whether you’re driving a single van or managing a fleet, this coverage ensures you’re protected against financial losses caused by vehicle-related incidents. In areas like New Jersey and Connecticut, where traffic is heavy, business auto insurance is a must for painting contractors.

6. Commercial Umbrella Liability Insurance

Lawsuits in the construction industry can result in massive financial burdens. Commercial umbrella liability insurance acts as a safety net by providing additional coverage when claims exceed the limits of your primary insurance policies, such as general liability or business auto insurance.

For example, if a lawsuit results in damages beyond your CGL policy limits, umbrella insurance steps in to cover the excess, ensuring your business remains financially secure.

7. Workers’ Compensation Insurance

Workers’ compensation insurance is legally required in New York, New Jersey, and Connecticut. This policy covers medical expenses, rehabilitation costs, and lost wages for employees injured on the job.

Painting contractors face risks such as falls from ladders, exposure to hazardous chemicals, and repetitive strain injuries. Workers’ comp ensures your team gets the care they need while protecting your business from lawsuits related to workplace injuries.

8. New York State Disability Insurance (NYS DBL)

If you employ workers in New York, you must provide New York State Disability Insurance (NYS DBL). This policy offers short-term benefits to employees who are unable to work due to non-work-related illnesses or injuries.

By securing this coverage, you demonstrate compliance with state laws while supporting your employees during challenging times.

9. Group Health Insurance

Attracting and retaining skilled painters in the competitive Tri-State market requires offering comprehensive benefits. Group health insurance provides access to healthcare for your employees, promoting their well-being and job satisfaction.

BGES Group specializes in designing tailored health insurance packages that meet the needs of painting contractors, ensuring your team is well cared for while keeping costs manageable for your business.

Why Painting Contractors Need Specialized Coverage

Painting contractors face unique risks, from equipment theft at job sites to injuries caused by ladder falls. Off-the-shelf insurance policies from factory-like agencies often fail to address these specific needs, leaving gaps in coverage that can be costly in the long run.

That’s why it’s crucial to work with an agency like BGES Group, a trusted name in Tri-State construction insurance.

Why Choose BGES Group?

BGES Group is one of the Tri-State area’s leading insurance specialists for construction businesses, including painting contractors. Their mom-and-pop boutique-style service sets them apart from factory-like agencies that treat clients as just another number.

Here’s why BGES Group is the right choice:

• Personalized Attention: Every policy is customized to meet the unique needs of your business.

• Industry Expertise: With deep knowledge of construction insurance, they provide tailored solutions for painting contractors.

• Competitive Pricing: BGES Group helps you find the right coverage at the best rates.

• Trusted Service: Their hands-on approach ensures you’re fully protected against risks, giving you peace of mind.

For Tri-State painting contractors, BGES Group delivers the protection you need with the care you deserve.

Get Away from Factory-Like Agencies

Many large agencies prioritize quantity over quality, leaving contractors with generic policies that fail to address their specific risks. These cookie-cutter solutions can expose your business to unnecessary liability and financial loss.

BGES Group takes a different approach. Their boutique-style service ensures every client receives the attention and expertise they deserve. With BGES Group, you’re not just another policy—you’re a valued partner.

Contact BGES Group Today

Protect your painting business with the right insurance coverage from BGES Group. Whether you need workers’ compensation, general liability, or equipment insurance, BGES Group has the experience and resources to help.

Contact Information:

• Phone: 914-806-5853

• Email: bgesgroup@gmail.com

• Website: www.bgesgroup.com

The Bottom Line

Insurance is essential for painting contractors to safeguard their business, employees, and assets. From building insurance to group health, each policy plays a crucial role in protecting your operations and ensuring compliance with Tri-State regulations.

Don’t settle for factory-like agencies that overlook the unique needs of painting contractors. Partner with BGES Group for personalized, expert service and comprehensive coverage. Call or visit their website today to learn more and get a free quote tailored to your business.

As a general contractor in the Tri-State area, you operate in a demanding environment where construction projects require careful planning, skilled execution, and proper risk management. One of the most critical components of running a successful contracting business is having the right insurance coverage to protect your operations, employees, and assets.

In this article, we’ll explore the essential insurance coverages every Tri-State general contractor should have. We’ll also highlight why working with BGES Group, one of the region’s premier construction insurance specialists, is your best option for tailored and reliable service.

1. Building, Contents, and Business Interruption Insurance

Your office, warehouse, or storage facility is the backbone of your operations. Building insurance protects your physical premises from damage caused by fire, storms, vandalism, or other covered events.

Contents insurance safeguards your office equipment, tools, and materials stored inside the facility. Additionally, business interruption insurance ensures that your revenue and operating expenses are covered if an insured event temporarily halts your business operations.

For general contractors managing multiple sites and storing expensive materials, these coverages are indispensable.

2. Employer Equipment Insurance

Contractors rely on heavy equipment like bulldozers, excavators, and cranes to complete large-scale projects. Employer equipment insurance protects this vital machinery from damage, theft, or loss.

For instance, if an excavator is vandalized at a job site or stolen during non-operating hours, this coverage ensures you can repair or replace it without financial strain.

3. Employee Tools Insurance

Your employees depend on their tools to deliver quality work. Employee tools insurance covers personal tools that are lost, stolen, or damaged while on the job.

This coverage is particularly valuable for contractors employing electricians, carpenters, or other tradespeople who bring their own specialized tools to job sites. Replacing these tools promptly ensures minimal disruption to project timelines.

4. Commercial General Liability Insurance

Commercial general liability (CGL) insurance is the cornerstone of any general contractor’s insurance portfolio. It protects your business from claims of property damage, bodily injury, or personal injury resulting from your operations.

For example, if a subcontractor damages a client’s property or a visitor is injured at one of your sites, this coverage takes care of legal fees, medical costs, and settlements. Given the legal complexities in New York, New Jersey, and Connecticut, having comprehensive CGL coverage is essential for general contractors.

5. Business Auto Insurance

From transporting materials to traveling between job sites, vehicles are critical to your daily operations. Business auto insurance protects your vehicles from accidents, theft, and liability issues.

Whether you have a single work truck or a fleet of vehicles, this coverage ensures your business doesn’t face financial setbacks caused by vehicle-related incidents.

6. Commercial Umbrella Liability Insurance

Lawsuits in the construction industry can result in high-dollar claims. Commercial umbrella liability insurance provides additional coverage when the limits of your primary policies—such as CGL or business auto insurance—are exhausted.

For instance, if a legal judgment exceeds the coverage of your general liability policy, umbrella insurance steps in to cover the excess, protecting your business from financial disaster.

7. Workers’ Compensation Insurance

Workers’ compensation insurance is legally required for general contractors in New York, New Jersey, and Connecticut. This policy covers medical expenses, rehabilitation costs, and lost wages for employees who are injured on the job.

The construction industry is inherently high-risk, with common hazards such as falls, equipment injuries, and exposure to harmful materials. Workers’ comp ensures your employees receive the care they need while shielding your business from lawsuits related to workplace injuries.

8. New York State Disability Insurance (NYS DBL)

For contractors employing workers in New York, New York State Disability Insurance (NYS DBL) is mandatory. This coverage provides short-term disability benefits to employees who are unable to work due to non-work-related illnesses or injuries.

Ensuring compliance with NYS DBL requirements protects your business from penalties while supporting your employees during challenging times.

9. Group Health Insurance

In today’s competitive job market, offering group health insurance is essential for attracting and retaining top talent. Providing access to quality healthcare benefits demonstrates your commitment to employee well-being and helps foster loyalty among your workforce.

BGES Group works with general contractors in the Tri-State area to design group health plans tailored to their needs, balancing comprehensive coverage with cost efficiency.

Why General Contractors in the Tri-State Area Need Specialized Insurance

General contractors face unique risks, from project delays and equipment theft to third-party liability claims. Off-the-shelf insurance policies often fail to address the complexities of running a construction business, leaving dangerous gaps in coverage.

For contractors operating in a high-demand region like New York, New Jersey, and Connecticut, working with an insurance agency that specializes in construction is crucial.

Why Choose BGES Group?

BGES Group is one of the Tri-State area’s top insurance agencies for construction businesses, offering mom-and-pop boutique-style service that sets them apart from large, impersonal agencies.

Here’s why general contractors choose BGES Group:

• Tailored Solutions: Every policy is customized to meet the unique needs of your business.

• Construction Expertise: With extensive experience in the construction industry, BGES Group understands the specific risks general contractors face.

• Hands-On Service: Unlike factory-like agencies, BGES Group offers personalized, responsive support for every client.

• Cost-Effective Coverage: They help you find the best policies at competitive rates, maximizing value without compromising protection.

Avoid the Pitfalls of Factory-Like Agencies

Many large insurance agencies treat their clients as numbers, offering generic policies that may not address the specific risks faced by general contractors. These one-size-fits-all solutions can leave your business vulnerable to costly claims.

BGES Group takes a different approach, delivering tailored insurance solutions and unmatched customer service. When you work with BGES Group, you’re not just a policyholder—you’re a valued partner.

Contact BGES Group Today

Protect your general contracting business with the right insurance coverage from BGES Group. Whether you need workers’ compensation, general liability, or group health insurance, BGES Group is your trusted partner for comprehensive protection.

Contact Information:

• Phone: 914-806-5853

• Email: bgesgroup@gmail.com

• Website: www.bgesgroup.com

The Bottom Line

Tri-State general contractors face numerous risks that can threaten their operations and financial stability. Having the right insurance coverage—such as general liability, workers’ comp, and business auto insurance—is essential for protecting your business, employees, and assets.

Don’t settle for factory-like insurance agencies that overlook the unique needs of your industry. Choose BGES Group for personalized, expert service and tailored coverage solutions. Call or visit their website today for a free consultation and quote.

With BGES Group, you’ll gain the peace of mind that comes from knowing your business is fully protected—so you can focus on building success.

Running a successful construction business in New York comes with its share of challenges, especially for general contractors who must navigate complex projects while managing significant risks. Protecting your business with the right insurance coverages isn’t just a good idea—it’s essential. From liability concerns to equipment protection, the right policies can safeguard your operations and give you peace of mind.

Here, we’ll cover the essential types of insurance a New York general contractor may need, why they’re important, and how working with a specialized agency like BGES Group can make all the difference.

1. Building, Contents, and Business Interruption Insurance

For general contractors, your office or warehouse is central to your operations. Building and contents insurance protects your physical property and its contents—everything from computers to tools—against damages caused by events like fire, theft, or natural disasters.

Equally important is business interruption insurance, which covers lost income and operating expenses if your business is forced to shut down temporarily due to a covered event. Imagine a fire at your office that halts operations for weeks. This coverage ensures you can continue paying employees, covering lease obligations, and maintaining cash flow during downtime.

2. Employer Equipment Insurance

Heavy machinery and specialized equipment are integral to your construction projects. From bulldozers to forklifts, employer equipment insurance covers the repair or replacement costs if your machinery is damaged, stolen, or destroyed.

Given the high value of such equipment, this policy is a must-have for general contractors—NY contractors especially, who often face higher risks of theft or vandalism on job sites.

3. Employee Tools Insurance

Your employees’ tools are their livelihood, and as an employer, you want to ensure those tools are protected. Employee tools insurance provides coverage for tools that are stolen, lost, or damaged while on the job.

Without this protection, your team could face significant out-of-pocket expenses to replace essential items, which could slow down your project timelines.

4. Commercial General Liability Insurance

At the heart of every general contractor’s insurance portfolio is commercial general liability (CGL) insurance. This essential policy covers claims of bodily injury, property damage, or personal injury that may arise during your work.

For instance, if a client or subcontractor is injured on-site or if your work damages a neighboring property, CGL insurance helps cover legal fees, medical costs, and settlements. With New York’s strict liability laws, this coverage is non-negotiable.

5. Business Auto Insurance

If your business involves vehicles—whether trucks, vans, or other commercial vehicles—business auto insurance is crucial. This policy provides coverage for damages or injuries caused by your vehicles, whether they’re used to transport equipment or employees.

Ensure that your policy includes sufficient liability limits and comprehensive coverage for accidents, theft, and vandalism to protect your business assets fully.

6. Commercial Umbrella Liability Insurance

Lawsuits in the construction industry can lead to significant financial exposure. That’s where commercial umbrella liability insurance comes in. This policy provides additional coverage beyond the limits of your underlying liability policies, such as general liability or business auto insurance.

For example, if a lawsuit results in damages exceeding your general liability coverage, umbrella insurance can bridge the gap, ensuring your business remains protected.

7. Workers’ Compensation Insurance

Under New York law, all employers are required to carry workers’ compensation insurance to cover medical expenses and lost wages for employees injured on the job. For general contractors, where workplace hazards are common, this coverage is critical.

Without workers’ compensation, your business could face severe penalties and lawsuits from injured employees. Partnering with a knowledgeable agency like BGES Group ensures compliance and comprehensive coverage tailored to your needs.

8. New York State Disability Insurance

New York employers are also required to carry New York State Disability Insurance (NYS DBL), which provides short-term disability benefits to employees unable to work due to non-work-related illnesses or injuries.

This coverage is an essential part of taking care of your workforce and staying compliant with state regulations.

9. Group Health Insurance

Offering group health insurance can set your business apart in the competitive construction industry. It helps attract and retain skilled employees, ensuring they have access to quality healthcare.

At BGES Group, we specialize in designing comprehensive benefits packages, including group health insurance, to meet the needs of construction companies of all sizes.

Why Choose BGES Group for Your Insurance Needs?

Navigating the complexities of insurance for New York general contractors requires expertise and a personalized touch. That’s where BGES Group shines. As one of New York’s premier construction insurance specialists, BGES Group offers boutique-like service tailored to your specific needs.

Unlike large, factory-like agencies that treat clients as just another account, BGES Group provides the kind of hands-on attention and customized solutions that general contractors need to succeed. Whether you’re a mom-and-pop shop or a growing operation, we’ll help you find the right policies at competitive prices.

Our expertise covers all areas of contractor insurance, from workers’ compensation and general liability to business auto and umbrella coverage. When you partner with BGES Group, you’re not just getting an insurance agency—you’re gaining a trusted advisor committed to your success.

Why Specialized Insurance Matters

For general contractors – NY, having specialized insurance coverage tailored to the unique risks of the construction industry is essential. Standard policies may leave gaps that could expose your business to significant financial losses. BGES Group works exclusively with contractors to ensure every aspect of your business is protected.

Don’t settle for a one-size-fits-all policy from a big-box agency. Choose a partner who understands your industry and can deliver customized solutions to meet your needs.

Contact BGES Group Today

Protect your construction business with the expertise and personalized service of BGES Group. Whether you need comprehensive workers’ compensation, umbrella liability, or specialized equipment coverage, we have the experience and resources to help.

Contact Gary Wallach at BGES Group today to discuss your insurance needs:

• Phone: 914-806-5853

• Email: bgesgroup@gmail.com

• Website: www.bgesgroup.com

Let BGES Group show you why we’re the trusted choice for New York contractors looking for tailored insurance solutions.

The Bottom Line

Insurance is a cornerstone of any successful general contracting business. By securing the right coverage—building and contents, employee tools, general liability, and more—you can protect your business from financial risks and legal liabilities.

Don’t leave your coverage to chance or settle for subpar service. Work with BGES Group, where your business is our priority, and personalized service comes standard. Call us today to get started on building a safer, more secure future for your construction business.

Understanding the cost of contractor insurance in New York is crucial for both small and large businesses. Insurance costs can vary significantly, influenced by a range of factors. This article explores the pivotal elements that determine the rates you pay, helping you make informed decisions.

1. Business Size and Revenue Impact

The size and annual revenue of your contracting business play a significant role in determining insurance premiums. Larger operations with higher revenues generally face higher costs due to increased potential liabilities. The expectation is that these businesses, handling more substantial contracts, have increased exposure to potential risks, driving up the insurance price. Consider, for example, a large-scale contractor working on high-rise developments; such projects inherently bring multiple liability factors into play, necessitating comprehensive and often costly coverage. Smaller businesses might find some respite with tailored policies that address their specific risk without unnecessary overreach.

For many contractors, the balancing act between growth and insurance costs is a delicate one. Expanding your business may increase revenue potential but also attracts higher insurance expenses. To manage this, it’s advisable to periodically evaluate whether your current coverage aligns with your business size. By adjusting your liability limits and considering potential risk exposure, you can create a more efficient premium structure. Finding this sweet spot is crucial for maintaining competitive insurance costs while protecting your business assets.

2. Types of Projects Undertaken

The nature and scope of your projects greatly influence insurance costs. High-risk projects, such as those involving heavy machinery or hazardous materials, can increase premiums due to the greater potential for accidents. For instance, a contractor specializing in underwater construction work might face higher insurance fees than one focusing on installing drywall. Projects that integrate cutting-edge technology or involve untested methodologies can similarly drive insurance rates up since they present unknown and, therefore, riskier variables.

When strategizing project undertakings, contractors might consider diversifying into lower-risk areas to stabilize or reduce insurance costs. For example, expanding into environmentally friendly projects or renovating existing structures may present relatively lower risks compared to entirely new constructions. This strategic shift can help balance the cost dynamics, making high-risk projects more financially viable by offsetting them with less costly undertakings.

3. Experience Level of the Contractor

More experienced contractors often benefit from lower insurance costs. A proven track record can reassure insurers of your ability to manage risks effectively, resulting in reduced premiums. Contractors who boast many years in the industry typically demonstrate better risk mitigation, safety practices, and project management skills, all of which contribute to a lower perceived risk by insurers. Building a reputation over time by successfully completing projects without major incidents directly correlates with enhanced negotiation power when it comes to securing favorable insurance rates.

4. Claims History and Its Consequences

A history of frequent claims can drive up insurance costs. Contractors with clean records tend to have more negotiating power, as insurers associate them with fewer risks. Insurance companies conduct thorough reviews of your claims history to assess potential liabilities; repeated claims signal probable recurring issues, pushing premiums higher to cover anticipated risks. Conversely, maintaining a spotless claims record not only helps in reducing the costs of existing policies but also opens doors to competitive quotes from other insurers eager to cover a low-risk client.

To improve or maintain a favorable claims history, it’s critical for contractors to foster a culture of meticulous safety procedures across all operations. Regular training sessions, risk assessments, and compliance with OSHA standards can minimize accidents and the propensity for claims. Over time, a proactive approach to safety and risk management will reflect positively on your claims profile, helping to curtail insurance costs.

5. Location and Regional Risk Factors

Operating in certain regions of New York may attract higher insurance premiums due to localized risks such as weather conditions, crime rates, or construction booms. For example, urban centers with dense populations and complex infrastructures naturally present more challenges and thus higher insurance rates. The New York’s Scaffold Law is one such factor that can heighten costs, requiring contractors to carry additional coverage to comply with rigorous safety standards and legal liabilities specific to elevation-related risks.

6. Coverage Limits and Deductibles

The extent of coverage and the deductibles chosen directly affect insurance costs. Higher coverage limits and lower deductibles generally result in increased premiums. Opting for higher deductibles may lower your premiums but shifts more financial responsibility onto your company in the event of a claim. It’s essential to weigh this carefully—lower premiums can be tempting but ensure that you retain a practical safety buffer in your budget to address unexpected claims.

Customizing coverage limits and structuring your deductibles to balance immediate costs against potential future payouts is a key strategy. Many businesses find value in consulting with insurance experts, like those at BGES Group, to tailor policies that provide sufficient protection while minding financial constraints. An in-depth understanding of your specific coverage needs will aid in making informed decisions that align with both short-term and long-term business objectives.

7. Employee Training and Safety Protocols

Implementing strict safety protocols and providing regular employee training can lead to insurance discounts. Insurers favor companies committed to reducing workplace accidents and injuries. Companies that actively engage in training programs to ensure employees are well-prepared to handle equipment and adhere to safety practices not only mitigate risks but also send positive signals to insurers about their management of occupational hazards.

8. Insurance Provider Choice

Different insurance providers offer varying rates and coverage options. Shopping around and comparing quotes can help identify the most cost-effective policies suited to your needs. Engaging with a broker who understands your industry can streamline this process, as they often have access to a wider market, helping you uncover options that might not be readily apparent. Thoughtful selection of your insurance provider can significantly impact your overall coverage quality and expense management.

9. Policy Type and Optional Add-ons

The specific type of policy and any additional riders or endorsements can impact overall costs. Tailoring your policy to match your unique business needs can optimize both protection and price. Optional add-ons, such as coverage extensions for specialized equipment or a rider for seasonal increases in workload, allow contractors to customize their policies, striking a balance between comprehensive protection and financial efficiency. Each added layer of protection corresponds to a price, but strategically choosing those that offer the best risk management per dollar can be beneficial.

Many contractors find value in consulting with experienced brokers or insurance advisors who can evaluate the relevance and cost-effectiveness of potential policy enhancements. A well-structured policy not only protects your current operations but also provides scalability, ensuring your business remains adequately covered as it grows and diversifies.

10. Legislative and Regulatory Changes

New laws and regulations can affect insurance costs either directly or indirectly. Staying informed about changes in the regulatory landscape can help you prepare for potential adjustments in premiums. Regulations such as mandatory coverage for certain types of risks or revisions in safety compliance standards often lead to reevaluation of your insurance policies. Remaining abreast of these changes ensures you’re not blindsided by sudden premium hikes and can proactively adjust your business practices or insurance framework to accommodate them.

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

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