Over the years, hundreds of contractors have come to us complaining about their Workers Compensation audits. They ask, “Is There a Way to Avoid Annual Audits?”
Let’s look at the records one company asks for.
The following documents are required for us to successfully complete your payroll verification. We may request additional records as needed.
Payroll Book, Payroll Tax Returns (941s, NYS-45s, and NYS-45 ATTs), 1099s, 1096s, W-2s and W-3s
Cash Book (Disbursements and Receipts)/Check Book/Day Book with Cash Expenses
General Ledger/1120 Corporate Income Tax Return, 1065 Partnership Return, 1040 Schedule C Sole
Proprietor Return, 990 Return of Organization Exempt From Income Tax
Certificates of Insurance for Subcontractors Used
Contracts, Bills and Invoices (for labor, services and materials)
Boy that’s a lot of records to look at!
Probably takes hours, days of work!
We actually sat in on an audit where the auditor asks to see what was paid to five subcontractors. They insured these five subs and were checking that the subs were on the up and up! Wow!!!
Do you ever feel your company treats you like a criminal instead of like how normal people treat their customers (where they value them)? Do you not trust your company? Scared of them? Feel they are going to look for any which way to get money out of you?
How many of you have owed tens of thousands of dollars to your company after audit?
I actually sat in on an audit with my client’s underwriter, the branches head auditor and client. The auditor was the biggest ______ I ever saw! He was absolutely horrific! He tried to shove down our throat a $52 rate. My client was close to tears explaining he wasn’t a steel erector and that a $52 rate would make it impossible to stay in business. Did the auditor care? No! The company’s audit was over $100,000! We went to the New York Compensation Rating Board (NYCIRB) and got them to tell the company rate should be $13+! That was the right rate and the auditor knew it! By the way, the auditor works for a company that insures a lot of contractors!
Would you like a much better way to purchase Workers Compensation coverage? Without invasive annual audits or if required by your state, where the company is in and out in less than15 minutes?
Would you like to not owe money at the end of your policy period?
Would you like to not have to spend thousands of dollars on accountant bills?
Would you like to avoid all the above headaches and pay less for coverage?
If you are having problems with your Workers Compensation coverage, contact us, tell us your concerns. We can help you get away from time consuming, aggravating audits and make your life much easier!
We are “Workers Compensation Specialists” covering New York, New Jersey and Connecticut. We have been doing so since 1981.
Here is what customers have to say about us:
In the middle of the busy season we received a letter from our old carrier that they no longer service NY, only NJ. We had only 60 days to find a new company. We got in touch with Gary who is very knowledgeable, friendly and experienced, assured us that he will take care of our insurance and he did. It has been now more than 5 years without an issue. Glad we found them and looking forward continuing working with Gary and the group.
We have used BGES Group for our insurances for over 20 years and had an amazing relationship with Gary Wallach. Gary is always looking for the lowest cost insurance, the highest quality, and his speed at providing certificates cannot be matched by anyone.
I’ve known Garry Wallach for many years and he’s always been very Professional each time we’ve worked together. He’s always willing to take that extra step to help me resolve any of the insurance issue’s that …More
Gary from BGES Group is by far the most responsive insurance broker i have ever met. He does an outstanding job with advising our small plumbing company on all the ins and outs of big insurance companies and he personally handles getting …More
I’ve worked with Gary for a few years now for workers comp and I would recommend him to anyone needing a new agent. He is very easy to speak to, responsive and always provided great advice and customer service.
I have been working with Gary for over 10 years and find him to be one of the most professional, responsive, knowledgeable and hard working people in the business. You are making a mistake if you do not give BGES a shot at your business. You will not be disappointed!
Gary and his team are phenomenal, they care about every single client as if they would be the only client!
Gary Wallach is the best insurance broker out there. He has been in the business his entire life. I trust Gary completely. He is reliable knowledgeable courteous and responsive to any questions I have. I get my certificates of insurance within minutes after requesting them. Go with Gary and you will see how your business improves.
Gary was a tremendous help in provide information and explaining the details of the worker’s compensation and insurance options for my construction business. Gary is very knowledgeable, I highly recommend BGES Group Insurance. Give Gary a call, I’m confident he will take good care of you insurance needs.
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 for a few months; 10) Covering multiple states under one policy; 11) Eliminating 10% service or policy fees; 12) Timely issuance of certificates; 13) Always being able to get someone on the phone or by email when you need to.
Company: BGES Group, 216A Larchmont Acres West, Larchmont, NY 10538
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