If you’re a Tri-State business owner facing the cancellation of your workers’ compensation insurance policy, you’re likely feeling the pressure of finding a new provider—fast. Whether it’s due to loss experience, your insurance company no longer covering your class of business (like contractors), or other reasons, you need a solution that’s both effective and reliable. BGES Group is here to help. As workers’ compensation insurance specialists, BGES Group has a proven track record of stepping in when others step away.
Common Reasons for Workers’ Compensation Policy Cancellations
1. Loss Experience: If your business has experienced significant claims, your workers’ compensation insurance provider may choose to cancel your policy. This often leaves companies scrambling to find new coverage under challenging circumstances.
2. Class of Business No Longer Covered: Insurance companies sometimes stop covering specific business classes —like contractors —leaving business owners without a viable option. This can be particularly frustrating for those in high-risk industries where coverage is essential.
3. State Coverage Withdrawal: Some insurance companies decide to pull out of certain states altogether, leaving businesses in those regions without coverage. If your current provider is no longer offering workers’ compensation insurance in your state, it’s crucial to find a replacement as soon as possible.
4. Audit Issues: If your company hasn’t completed the necessary audits, your insurance carrier may choose not to renew your policy. Non-renewal due to audit issues happen regularly, leaving you in a precarious position.
5. High Experience Modification Factor: A high experience modification rate (EMR) can make it nearly impossible to renew your workers’ compensation policy with your current provider. This factor indicates a higher risk of workplace injuries, making you less attractive to insurers.
Why BGES Group Should Be Your First Call
BGES Group is a leading expert in workers’ compensation insurance with a deep understanding of the challenges businesses face when policies are canceled or non-renewed. They have a history of helping companies with difficult insurance needs find effective solutions, even when other agencies have turned them away. BGES Group specializes in securing workers’ compensation insurance for businesses across various industries, including those with high-risk classifications especially contractors.
When you work with BGES Group, you’re partnering with a company that understands the nuances of the workers’ compensation insurance market. They’ll guide you through the process of finding new coverage, ensuring that your business remains compliant with state laws and protected from potential liabilities.
Get the Help You Need Today
Don’t let the cancellation or non-renewal of your workers’ compensation insurance policy jeopardize your business. Contact Gary Wallach at BGES Group today to discuss your options and find the coverage you need.
Contact Information:
Gary Wallach
Phone: 914-806-5853
Email: bgesgroup@gmail.com
BGES Group has helped countless businesses overcome the challenges of securing workers’ compensation insurance when others couldn’t. They’re ready to help you navigate the complexities of the insurance market and ensure your business stays protected. Reach out today to find out how BGES Group can make a difference for your company.
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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