New York contractors have been feeling the squeeze of rising liability insurance costs for several years. Despite efforts to control costs, the trend of increasing premiums shows no signs of slowing down. For many contractors, this means not only higher business expenses but also difficulty staying competitive. Understanding the factors behind these rate increases and knowing what steps can be taken to mitigate them are critical for contractors looking to control their overhead.

What Is Driving Liability Rate Increases?

Several factors contribute to the rising cost of contractor liability insurance in New York. These are some of the key drivers:

1. New York Labor Laws 240 and 241 (The Scaffold Law)

New York’s Labor Laws 240 and 241, often referred to collectively as the Scaffold Law, are major contributors to increased liability insurance rates. These laws place absolute liability on contractors and property owners for gravity-related injuries, such as falls from ladders or scaffolding. The Scaffold Law makes it impossible for contractors to defend against certain types of claims, regardless of fault, which leads to costly settlements or verdicts. Insurers, in turn, factor this into the cost of providing coverage, leading to higher premiums.

2. Increased Frequency of Claims

Another factor driving up liability rates is the sheer number of claims being filed. Construction is inherently a high-risk industry, and even with strict safety protocols in place, accidents happen. New York’s busy construction market, especially in areas like Manhattan and Brooklyn, increases the likelihood of accidents, which, when coupled with laws like the Scaffold Law, result in more claims and higher payouts. Insurers pass these costs onto contractors in the form of higher premiums.

3. Rising Legal Costs

The cost of defending against liability claims has also risen. Legal fees in New York are among the highest in the country, and when insurers have to pay large sums for legal defenses, these costs contribute to rate hikes. Prolonged litigation, expert witnesses, and extensive discovery processes can turn even a simple claim into a multi-year legal battle, further driving up costs for insurers.

4. Limited Insurer Participation

New York’s complex legal environment and the frequency of high-value claims have caused some insurers to exit the market or limit their exposure. Companies like Berkshire Hathaway and State Farm have scaled back their offerings for contractors, leaving fewer insurers in the market. This lack of competition drives prices up, as fewer insurers are willing to take on the risk of insuring New York contractors.

What Can Contractors Do to Lower Their Rates?

While the factors driving rate increases may seem beyond a contractor’s control, there are proactive steps that can help reduce premiums.

1. Improve Safety Protocols

Having a robust safety program in place is essential. Insurers will often offer lower rates to contractors with strong safety records. This includes regular safety training for employees, having a full-time safety officer on-site, and maintaining detailed safety logs. By minimizing the risk of accidents, contractors can also reduce the number of claims, which will reflect positively when insurers calculate premiums.

2. Invest in Quality Equipment

Old, faulty, or poorly maintained equipment is often a source of job site injuries. Investing in high-quality, well-maintained tools, scaffolding, and protective gear can reduce the risk of accidents. A reputation for using safe, modern equipment can influence an insurer’s perception of a contractor’s risk level, potentially lowering rates.

3. Review Contracts Carefully

Contractors should ensure that their contracts with property owners, subcontractors, and other parties are structured to reduce liability exposure. This includes ensuring that appropriate indemnity clauses are in place and that subcontractors carry their own liability insurance. Additionally, requiring that subcontractors add contractors as additional insureds on their policies can protect against action over claims.

4. Shop Around for Insurance

Not all insurance providers are created equal. By working with an experienced insurance broker, contractors can shop around for better rates. A broker specializing in New York construction insurance, like BGES Group, can help contractors find coverage tailored to their specific needs and identify opportunities for savings that generalist insurers might overlook.

5. Bundle Insurance Policies

Another way to save is by bundling policies. Combining liability insurance with other coverage needs, such as workers’ compensation or commercial auto insurance, can often result in discounts. Many insurers offer multi-policy discounts, and bundling can simplify the management of policies as well.

How BGES Group Can Help Contractors Lower Their Rates

With the right partner, contractors can navigate the complex insurance landscape and find the best rates and coverage options available. BGES Group, one of New York’s construction insurance specialists, has deep expertise in helping contractors secure the liability coverage they need without breaking the bank.

BGES Group understands the unique challenges facing New York contractors, including the impact of Labor Laws 240 and 241, and works diligently to find insurers who offer competitive rates. Their personalized, boutique-like service ensures that each client receives the attention and support they deserve, from the initial quote to ongoing policy management.

Whether you’re a general contractor, a subcontractor, or a project owner, BGES Group can help you find better coverage options while keeping your costs down. Their team will review your current policies, look for potential savings, and help you implement risk management strategies to keep future rate increases in check.

To learn how BGES Group can help lower your liability insurance rates, contact Gary Wallach today at 914-806-5853 or email bgesgroup@gmail.com.

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By understanding the factors behind rising liability insurance rates and taking proactive steps to mitigate them, New York contractors can control their costs while maintaining the coverage they need. With the support of experts like BGES Group, it’s possible to stay protected without overpaying for insurance. Reach out to Gary Wallach to start exploring your options today.

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too. 

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

In the construction industry, contractor liability insurance is a crucial part of running a successful business, but in recent years, New York contractors have faced a growing challenge: rapidly rising insurance rates. With an ever-changing legal environment, increasing claims, and the growing complexity of insurance requirements, contractors need to stay proactive to avoid being blindsided by yet another rate increase. Here’s what you can do to protect your business against escalating liability insurance costs and ensure your operations remain secure and profitable.

1. Review and Update Your Current Coverage

The first step in protecting yourself is to review your current liability insurance coverage. Many contractors find themselves locked into outdated policies that no longer meet their needs. By regularly assessing your coverage, you can identify gaps or excessive coverages that could be inflating your premiums unnecessarily.

Make sure your policy includes adequate general liability and umbrella liability coverage, especially if you’re dealing with high-risk work, like roofing or demolition. At the same time, ensure that your policy doesn’t include redundant coverages that no longer apply to your operations.

2. Mitigate Risk on the Job Site

One of the best ways to protect yourself from liability rate increases is to actively reduce the risk of accidents and claims. Implementing and enforcing safety protocols on the job site can reduce the likelihood of accidents, which in turn lowers the number of claims filed. Fewer claims mean a better track record with insurance providers, which helps keep your premiums in check.

Make sure your crew is properly trained in safety procedures, and always conduct regular safety audits. Invest in quality safety equipment, and ensure that your subcontractors are properly insured and compliant with all legal requirements.

3. Consider Implementing a Return-to-Work Program

Accidents happen, but when they do, having a return-to-work program in place can help minimize the financial impact. This kind of program helps injured employees transition back to work more quickly, reducing the length and cost of workers’ compensation claims. Insurance carriers often reward businesses with such programs by offering lower premiums.

By showing your insurance provider that you’re committed to minimizing the costs of any claim, you position yourself as a lower-risk client, which can help prevent future rate increases.

4. Stay Informed About Labor Laws

Labor Laws 240 and 241, specific to New York, are some of the strictest in the country when it comes to contractor liability. These laws can make contractors liable for any injury sustained by workers on a construction site, even if the contractor wasn’t directly responsible for the incident.

Because of these laws, it’s critical to have the right type of liability insurance in place to protect yourself. Understanding these laws and ensuring your policy covers labor law claims can prevent your rates from skyrocketing in the event of an accident. Furthermore, staying informed about any updates or changes to these laws can help you make timely adjustments to your coverage.

5. Work With an Insurance Agent Who Specializes in Construction

General insurance brokers might not fully understand the unique risks that New York contractors face. To stay protected and minimize costs, you need an insurance agent who knows the ins and outs of the construction industry and can provide solutions tailored specifically to your needs.

This is where BGES Group comes in. BGES Group specializes in construction insurance, particularly for contractors operating in New York’s complex legal and regulatory environment. With their industry expertise, BGES Group can help you avoid costly coverage gaps while ensuring you’re not overpaying for unnecessary coverages.

6. Get a Backup Plan B Quote From BGES Group

It’s no secret that insurance brokers can sometimes get complacent or overlook opportunities to get you better quotes. Even if you think your current broker has things under control, it’s always a smart idea to get a backup plan B quote. If your broker misses deadlines or fails to find you competitive pricing, you could end up stuck with higher rates.

Gary Wallach at BGES Group are ready to step in if your broker falls asleep at the wheel. With his expertise in construction liability insurance, he will make sure you’re getting the best possible coverage and pricing. Plus, having a backup quote can give you leverage when negotiating with your current broker.

7. Negotiate for Better Rates

If you’ve been a loyal client to your current insurance provider, use that as a bargaining chip to negotiate for better rates. Be proactive in discussions with your broker and insurance provider, showing them that you’re actively reducing risks, staying compliant with laws, and committed to maintaining a safe work environment.

Don’t hesitate to bring up your backup quote from BGES Group during negotiations to show your broker that you’re serious about securing the best deal. Competition keeps everyone on their toes, and it can often result in better terms for you.

Protect Your Future — Contact BGES Group for a Backup Plan

Don’t wait for another liability rate increase to catch you off guard. Be proactive by reviewing your coverage, reducing risk, and seeking a second opinion on your insurance policy. Contact Gary Wallach at BGES Group today at 914-806-5853 or bgesgroup@gmail.com for a backup quote to make sure you’re not overpaying and that your business remains protected in New York’s high-stakes contracting environment.

Having BGES Group as your backup insurance plan could be the difference between another steep rate hike or staying financially stable and protected. Reach out now and safeguard your business’s future.

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too. 

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

1. Gary Wallach is a New York Construction Insurance Specialist 

With decades of experience in the industry, Gary Wallach knows the specific challenges contractors face in New York. He understands the complexities of insurance requirements, especially when it comes to construction projects in the state.

2. Access to the Best Coverage and Rates

Gary Wallach has long-standing relationships with insurance companies that offer the best coverage and pricing for New York contractors. He knows which insurers can meet your specific needs, ensuring you get the most competitive rates without sacrificing protection.

3. No Hidden Fees 

Unlike many agencies that pile on hidden fees, Gary Wallach is not a hazard to your bottom line. BGES Group is committed to transparent pricing, and Gary’s company BGES Group doesn’t charge extra hundreds/thousands in extra policy and service fees for quotes or added services which a lot of agencies now do.

4. Personalized Service – Like a Mom-and-Pop Shop 

When you call BGES Group, you get Gary directly. You’re not bounced around from person to person. Whether it’s by phone, email, or text, Gary is prompt in responding, making you feel like you’re working with a boutique agency that truly cares.

5. 44 Years of Insurance Expertise 

Many agencies hire account executives who lack experience and may only stay a few months or years before moving on. With BGES Group, you get the complete opposite. Gary Wallach brings 44 years of hands-on experience to every policy, ensuring consistency and deep knowledge of the industry.

6. Customized Insurance Solutions 

Gary doesn’t believe in one-size-fits-all insurance. He takes the time to understand your specific business operations and tailors liability coverage to fit your unique needs as a contractor.

7. Specialized in High-Risk Coverage 

If you’re a contractor working in high-risk sectors like roofing, demolition, or asbestos, Gary Wallach is your go-to expert. He knows how to navigate the complexities of obtaining proper coverage for these higher-risk trades.

8. Focus on Long-Term Relationships 

At BGES Group, the focus isn’t just on selling a policy; it’s on building long-term relationships with clients. Gary works hard to ensure that each renewal meets your evolving business needs.

9. Consistent Communication and Updates

With Gary Wallach, you’ll never be left in the dark. He keeps you informed of any changes in the insurance landscape, making sure you are always aware of opportunities to save money or improve coverage.

10. A Trusted Advisor Who Puts Your Interests First 

Gary is not just a broker; he’s a trusted advisor who puts your business’s interests at the forefront. He works tirelessly to find the best liability solutions that protect your assets and give you peace of mind.

Call Gary Wallach at 914-806-5853 or email bgesgroup@gmail.com today to discuss your renewal quotes and experience the difference BGES Group can make for your business.

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too. 

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

In today’s construction industry, insurance costs are at an all-time high. Contractors are constantly faced with the challenge of managing these expenses while ensuring their businesses are adequately protected. Liability, workers’ compensation, and business auto insurance are essential coverages, but when rates keep rising, it’s necessary to prioritize which coverages are most critical.

At BGES Group, we understand the pressure you’re under. However, it’s important to be aware of additional coverages that could make a significant difference in the event of unforeseen circumstances. If your budget allows, here are a few other types of protection you may want to consider:

1. Building and Contents Insurance & Business Interruption Coverage

This coverage ensures your physical assets—like your office, warehouse, or storage facilities—are protected in the event of damage from fire, storms, or vandalism. But equally important is business interruption coverage, which steps in to cover lost income if your operations are halted due to such events. These are particularly valuable for contractors who store expensive materials or equipment onsite. If you have extra dollars in your insurance budget, this is an area worth investing in to ensure your business can recover quickly from unexpected setbacks.

2. Equipment Coverage

Contractors rely on specialized tools and machinery to get the job done. Whether it’s excavators, cranes, or smaller but equally vital items like power drills, losing access to this equipment due to theft or damage can halt progress on your projects. Equipment coverage protects you from having to pay out-of-pocket to repair or replace costly items, ensuring that downtime is minimized.

3. Employee Tools Coverage

Your workers bring their own tools to the job site, and sometimes these tools are just as important as the equipment owned by your business. If their tools are damaged, stolen, or lost, productivity can take a hit. Employee tools coverage helps ensure that your workforce can get back to work without long delays or out-of-pocket expenses for replacements.

4. Employee Benefits Liability

Managing employee benefits is complex, and even small mistakes in handling health insurance, retirement plans, or other benefits can lead to costly lawsuits. Employee benefits liability provides coverage if claims are made against you for errors in administering your employees’ benefits. This can protect your business from significant financial losses due to oversight or miscommunication.

5. Employment Practices Liability

Workplace disputes involving harassment, discrimination, wrongful termination, or other employee-related issues can lead to expensive lawsuits. Employment practices liability insurance (EPLI) helps cover the costs of defending against these claims. With lawsuits against employers on the rise, this coverage is more critical than ever for safeguarding your business.

6. Cyber Insurance

In today’s digital age, construction companies are increasingly vulnerable to cyberattacks. Hackers may break into your computer systems, hold your data for ransom, or steal sensitive information to hack into your bank accounts or take out loans in your business’s name. Cyber insurance protects your business against these risks, covering the costs of recovering from cyberattacks and protecting your business from financial ruin.

Making Smart Choices with BGES Group

As a Tri-State contractor, your priority is to ensure you have the right coverage in place while balancing the high costs of insurance. BGES Group is here to help you navigate these choices and make the most of your insurance budget. We specialize in providing construction-specific insurance solutions, and we understand the unique risks you face.

If you’re unsure which coverages to prioritize or want to explore additional protection for your business, contact Gary Wallach at 914-806-5853 or email bgesgroup@gmail.com. Our team is here to guide you in making informed decisions to protect your business and your bottom line.

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too. 

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

As a business owner in the New York, New Jersey and Connecticut area, you’re probably feeling the pressure of rising healthcare costs. With group health insurance premiums climbing higher each year and the constant challenge of getting claims approved and paid on time, it’s clear that traditional approaches to managing employee benefits might not be the most efficient path forward. So, what can you do to ease this burden while still offering competitive benefits to your employees?

The answer might lie in an innovative solution that combines group health insurance with payroll and workers’ compensation services—something BGES Group offers. This bundled approach has the potential to save you up to 30% across the board, helping to protect your bottom line without compromising the quality of your employee benefits.

How Does BGES Group’s Offered Program Work?

The BGES Group offers a program that integrates payroll services, workers’ compensation, and group health insurance, creating a seamless, cost-effective solution for your business. Here’s how this unique approach benefits you:

1. Cost Savings: By bundling payroll, workers’ comp, and group health insurance, you can save up to 30% compared to managing these services separately. BGES Group offered program has negotiated special rates with well-known carriers, passing on those savings to you. These negotiated rates aren’t typically available to businesses when buying insurance on their own, meaning BGES Group’s offered program offers a significant financial advantage.

2. Flexible Workers’ Compensation Insurance Rates: Through partnerships with respected insurance carriers, BGES Group offered program offers flexibility in workers’ compensation rates. This allows your business to benefit from customized plans that fit your unique needs, ensuring you’re not overpaying for coverage that doesn’t serve you.

3. Group Health Insurance Savings: Group health insurance costs are notoriously difficult to control, but BGES Group’s offered program has worked out advantageous deals with large, well-established carriers. This means you’ll not only save on premiums but also experience fewer headaches when dealing with claims, thanks to their direct relationships with insurers.

Beyond Insurance: A Comprehensive Business Solution

One of the standout features of BGES Group’s offered program is the Human Resources (HR) assistance it provides. Managing HR compliance issues can be time-consuming and overwhelming, especially for small to mid-sized businesses. Through their program, BGES Group’s program offers access to HR experts who can assist with a range of compliance matters, including:

– Labor law compliance: Stay updated on the ever-changing regulations and avoid costly penalties.

– Employee onboarding: Streamline the onboarding process, ensuring that your HR systems are organized and efficient.

– Employee handbooks: Create or update employee handbooks to meet current legal standards and protect your business.

This added support means you can focus on what matters most—running your business—while BGES Group’s offered program helps manage the administrative and regulatory complexities.

Why Choose BGES Group?

With decades of industry experience, BGES Group understands the intricacies of business insurance and employee benefits better than most. Their partnerships with programs that offer top-tier carriers allow them to offer highly competitive rates while still delivering exceptional service.

Here are a few more reasons why businesses are turning to BGES Group for their insurance and payroll needs:

– Personalized Service: At BGES Group, you’re not just another client. We take the time to understand your business and customize our offerings to meet your specific needs.

– Streamlined Processes: By bundling services together, you reduce the number of vendors you need to manage, simplifying both your administrative workload and your financial commitments.

– Trustworthy Partnerships: BGES Group partners with some of the largest, most well-known insurance carriers, ensuring your business receives top-notch coverage at competitive rates.

How to Get Started

Getting started with BGES Group is easy. Whether you’re looking for a quote or just exploring your options, Gary Wallach and the team are ready to assist. All it takes is a quick consultation to discover how much you could save with their unique payroll, workers’ compensation, and group health insurance program.

Contact Gary Wallach at BGES Group today to learn more about how you can save on your group health insurance and streamline your business operations. You can reach Gary directly at 914-806-5853 or email bgesgroup@gmail.com for a no-obligation consultation.

With rising costs and an ever-changing insurance landscape, now is the time to take advantage of innovative solutions that not only provide excellent coverage but also put money back in your business’s pocket. Make the switch to BGES Group and see the difference for yourself.

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too. 

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

Liability insurance is essential for New York contractors, offering protection from legal claims and financial losses that may arise on a construction project. Two critical aspects of contractor liability insurance are Blanket Additional Insureds and Blanket Waiver of Subrogation. However, the coverage provided by these clauses can vary significantly depending on the wording of the policy forms. Understanding these differences is crucial to ensure the right protection is in place.

Blanket Additional Insureds: A Closer Look

A Blanket Additional Insured endorsement allows contractors to extend their insurance coverage to other parties involved in a project, such as general contractors (GCs), property owners, or subcontractors, without naming each one individually in the policy. This simplifies the process and reduces administrative work for contractors. However, not all blanket additional insured endorsements are created equal, and the terms of coverage depend heavily on the policy wording.

Scheduled Additional Insureds: A Common Requirement

In some insurance forms, additional insureds must be scheduled for coverage to apply. This means that simply having a contractual agreement to add someone as an additional insured isn’t enough—you must list that party explicitly on your policy. If the contractor fails to do this, the additional insured (e.g., a GC or property owner) may not be covered in the event of a claim, leaving them vulnerable to liability.

Careful management of who is listed on the policy is crucial, especially for contractors working on multiple projects with various stakeholders. If you rely on a blanket additional insured clause but forget to schedule a party, you could face a denied claim.

Privity: What It Means for Additional Insured Coverage

In some cases, the policy language may specify that only additional insureds where there is privity of contract are covered. Privity refers to the direct legal relationship between two parties, typically established through a contract. For example, if a subcontractor has a direct contract with a general contractor, there is privity between them, and the subcontractor’s insurance may cover the GC as an additional insured.

However, if a property owner is not in direct contract with the subcontractor, and there is no privity, the property owner may not be covered by the subcontractor’s policy unless explicitly stated. Understanding whether your liability insurance requires privity is essential to ensure all parties that should be covered are protected.

Forms That Don’t Require Privity: Broader Coverage Options

Not all insurance forms require privity for additional insured coverage. Some policies will provide coverage as long as the additional insured is listed in a written contract—whether that contract is between the contractor and the GC, the subcontractor, or the property owner. In these cases, privity is not necessary, which can simplify the process of ensuring coverage for all relevant parties involved in a project.

These broader forms are typically preferred because they minimize the risk of unintentionally leaving a key stakeholder uninsured. As long as there’s a written contract specifying who should be included as an additional insured, the policy will extend coverage accordingly, even if there’s no direct contract (i.e., no privity) between the insured and the additional insured.

Blanket Waiver of Subrogation: Key Considerations

A Blanket Waiver of Subrogation is another critical component of contractor liability insurance. When an insurance company pays a claim, they usually reserve the right to “subrogate,” or seek reimbursement from another party who may be responsible for the loss. However, a waiver of subrogation prevents the insurer from pursuing legal action against other parties involved in the project, like GCs or property owners.

But as with additional insured clauses, blanket waiver of subrogation forms can vary significantly in terms of who is covered. Some forms require the waiver to apply only to parties that are explicitly scheduled on the policy. Other forms may only extend the waiver to parties with privity of contract, meaning a direct contractual relationship must exist for the waiver to be effective.

Finally, there are forms that provide broader coverage, extending the waiver of subrogation to all parties mentioned in a written contract, regardless of whether they are scheduled or have privity. These forms offer greater flexibility, ensuring that all necessary parties are protected from subrogation claims as long as they are included in the contract, reducing the potential for conflicts or litigation between stakeholders.

The Importance of Proper Coverage: BGES Group Can Help

Navigating the complexities of Blanket Additional Insureds and Blanket Waiver of Subrogation can be challenging, but it’s crucial to ensure your business is fully protected. Whether your policy requires scheduling, privity, or simply a written contract, understanding the specifics of your coverage can mean the difference between a covered claim and a costly denial.

At BGES Group, we specialize in helping New York contractors secure the right liability insurance tailored to their needs. With extensive experience in the construction industry, we can help you understand your policy’s nuances, avoid common pitfalls, and ensure that your business and its stakeholders are fully protected.

Need help understanding your insurance coverage? Contact Gary Wallach at BGES Group today at 914-806-5853 or bgesgroup@gmail.com. Let us help you protect your business with the right insurance solutions tailored to New York contractors.

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too. 

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

If you’re a New York contractor, you know how burdensome annual workers’ compensation audits can be. The process is time-consuming, requires digging through financial records, and often leads to headaches as you try to ensure compliance with regulations. But what if you could simplify this process—or even avoid it altogether?

BGES Group offers specialized programs designed to help contractors streamline their operations and take the hassle out of workers’ compensation audits. These programs not only provide comprehensive workers’ compensation insurance but also come with a suite of additional services tailored to the needs of New York contractors.

What BGES Group’s Programs Offer:

– Workers’ Compensation Insurance: These programs cover your workers’ compensation insurance needs, ensuring compliance with state regulations and protecting your business and employees from potential claims.

– Payroll Services: BGES Group’s programs integrate payroll services, making it easier to manage wages and employee documentation. This integration means that much of the financial information required for audits is already captured and reported accurately.

– Group Health Coverage: You can even bundle your group health insurance under one of these programs, making it a one-stop solution for all your employee benefits needs.

– Compliance Support: The programs prepare your essential state forms, such as New York State Form 45 (Quarterly Combined Withholding, Wage Reporting, and Unemployment Insurance Return) and IRS Form 941 (Employer’s Quarterly Federal Tax Return), helping you stay on top of your reporting requirements.

– Human Resources Support: To further ease your administrative burden, these programs provide complete HR backup, assisting you with New York State laws and compliance issues. Whether you’re navigating new labor laws or dealing with employee relations, BGES Group’s resources have you covered.

Avoid Comprehensive Annual Audits

One of the standout features of these programs is how they can minimize or eliminate the need for comprehensive annual workers’ compensation audits. Since the program manages payroll and has access to most of your financial information, there’s little left to audit. Instead of a deep dive into your records, you may only need to provide a few supporting documents, such as certificates of insurance for your subcontractors.

BGES Group: Workers’ Compensation Specialists for New York Contractors

At BGES Group, we specialize in helping New York contractors with their workers’ compensation insurance needs. If you’re tired of dealing with complicated audits and compliance headaches, or if you’re encountering problems with your current coverage, we can provide the solutions you need.

Contact Gary Wallach today for more information. Call 914-806-5853 or email bgesgroup@gmail.com. Let us help you simplify your workers’ compensation and payroll processes, so you can focus on what matters most—growing your business.

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too. 

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

Larry David and Jerry Seinfeld have a way of turning everyday life into brilliant, laugh-out-loud humor, and when it comes to women and their contractors, the comedy potential is endless. Women might start with a few complaints about messes and delays, but by the end of the project, they’ve bonded with the contractor in ways no one ever expected. Picture Larry and Jerry sitting at the diner, marveling at how women go from frustrated to secretly adoring their contractors—because, after all, who doesn’t love someone who fixes things? Here are ten hilarious yet positive takes on why women end up loving their contractors.

—

1. “He speaks the language of shelves.”

  Jerry: “Women love a man who can install shelves. It’s like speaking their love language.”

  Larry: “Forget flowers and chocolates, give them built-ins, and suddenly, you’re a hero!”

2. “He’s got the magic touch—on the walls.”

  Larry: “There’s just something about a man who can make drywall smooth. They go from ‘When will this be done?’ to ‘Maybe I’ll add another wall!’”

  Jerry: “Yeah, once they see those smooth walls, it’s like he’s Michelangelo and she’s staring at the Sistine Chapel.”

3. “He turns chaos into order.”

  Jerry: “One minute there’s dust and tools everywhere, and the next, it’s a sparkling new bathroom. That’s real power!”

  Larry: “It’s like they’re magicians. Contractors don’t just build— they restore calm in a world of clutter.”

4. “He listens… to the design changes.”

  Jerry: “At first, he’s just another guy with a hammer. But then he listens to the 12th design change without flinching? Instant love!”

  Larry: “Anyone who can take ‘I think we need to move the sink… again’ with a smile is basically a saint.”

5. “He’s there when no one else is.”

  Larry: “When everything is falling apart—literally—the contractor shows up. It’s like a superhero moment.”

  Jerry: “Yeah, Batman may save Gotham, but a contractor saves the kitchen! And in the end, who’s the real hero?”

6. “He fixes things… permanently.”

  Jerry: “Sure, they started out as just a guy fixing the leaky faucet, but after six months without a drip? That’s a relationship that’s built to last!”

  Larry: “Every time she turns on that faucet and it doesn’t leak, she’s like, ‘Yep, I love him.’”

7. “He doesn’t just build, he beautifies.”

  Jerry: “They thought they just wanted a deck. But now, with that pergola and the new lighting, it’s a sanctuary!”

  Larry: “Who knew a contractor could turn a backyard into a romantic getaway? It’s like having your own personal HGTV star.”

8. “He can handle the honey-do list… without complaints.”

  Larry: “Women love contractors because they actually finish the honey-do list. And they don’t complain while doing it!”

  Jerry: “You mean they don’t ‘forget’ about it for three weeks and then pretend it was never there? No wonder women love them!”

9. “He knows his way around the hardware store.”

  Jerry: “He walks into a hardware store, and he knows exactly what to get. No wandering the aisles, no asking for help!”

  Larry: “To women, that’s like watching a guy change a tire without YouTube. Pure admiration.”

10. “He brings the vision to life.”

  Larry: “Women fall in love with the contractor because he doesn’t just talk about their dream kitchen—he makes it happen.”

  Jerry: “They love him because, unlike most guys, he actually finishes what he starts. It’s not just talk—it’s tile.”

—

The Contractor Who Saves More Than Just Your Kitchen: BGES Group

While we’re all laughing about why women end up loving their contractors, there’s one thing no one loves—bad business insurance. If you’re a contractor in New York, New Jersey, or Connecticut and you’re unhappy with your business insurance, don’t worry. There’s a solution that will make you feel as good as that perfect backsplash: BGES Group.

Just like women fall in love with their contractors for delivering on promises, you’ll fall in love with BGES Group for delivering the best business insurance. And here’s the kicker—Jerry Seinfeld and Larry David would get a kick out of the owner, Gary Wallach. He’s not your ordinary insurance guy. Not only does he know his stuff, but he’s got a great sense of humor. He’s the kind of guy you actually want to talk to about insurance, because he makes the whole process fun. No boring meetings, no complicated jargon—just good laughs and even better coverage.

So, if you’re a contractor looking to get business insurance that works as hard as you do, reach out to BGES Group. Whether you need workers’ compensation or contractor liability insurance, Gary Wallach is the guy who’ll take care of you—and he’ll even make you smile along the way.

Give Gary a call at 914-806-5853 or send him an email at bgesgroup@gmail.com. He’ll fix your insurance problems faster than a contractor can build your dream kitchen, and who knows? You might just end up loving him as much as you love that new addition to your home!

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too. 

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

If you’re a business owner in New York, New Jersey or Connecticut, you likely understand the significant expense of workers’ compensation insurance. But what if you’ve been paying more than necessary for years and didn’t know it? At BGES Group, we offer a specialized service called Workers’ Compensation Premium Recovery that reviews your past policies, uncovers mistakes that led to overpayments, and helps you recover your money from past insurance companies. This service is offered on a contingency fee basis, meaning there’s no upfront cost to you. It’s truly a win-win situation—there’s nothing to lose and potentially significant sums to recover.

Why Workers’ Compensation Costs Could Be Higher Than They Should Be

Workers’ compensation insurance is a crucial safeguard, but it’s often more costly than it needs to be. Many business owners end up overpaying due to common errors, such as:

– Misclassified employees

– Inaccurate experience modification factors

– Incorrect payroll reporting

– Audit discrepancies

These errors can quietly accumulate over the years, leading to significant overpayments. For many businesses, this can mean thousands, tens of thousands, or even hundreds of thousands of dollars lost. Our Workers’ Compensation Premium Recovery service can review your past policies going back up to seven years, searching for mistakes and working to recover any money you’ve overpaid.

Our Process: Thorough and Stress-Free

The BGES Group partners with experts who perform a comprehensive audit of your workers’ compensation policies, payroll records, and claims history. Their meticulous approach ensures that every potential error is identified and corrected. Here’s what you can expect:

1. Employee Classification Check – Are your employees properly classified? Misclassification is a leading cause of inflated premiums.

2. Payroll Data Verification – We review your payroll reporting to ensure there are no inaccuracies that could be driving up your costs.

3. Experience Modification Factor Review – Your experience mod factor should accurately reflect your claims history. If miscalculated, it can result in higher premiums.

Significant Financial Recovery Potential

Through our expert analysis and recovery efforts, New York, New Jersey or Connecticut business owners can recover substantial amounts—whether it’s thousands, tens of thousands, or even hundreds of thousands of dollars. Think about the impact these reclaimed funds could have on your business. You could:

– Reinvest in your operations

– Upgrade equipment

– Improve your company’s cash flow

The possibilities are endless, and the best part is, we handle the hard work for you.

No Upfront Costs—A Risk-Free Opportunity

Our Workers’ Compensation Premium Recovery service is completely contingency-based, which means you pay nothing upfront. Our partners take care of the audit and recovery process while keeping you updated on the progress. If we don’t recover any money for you, you owe us nothing.

Take Action Today—Contact Gary Wallach

Don’t wait any longer to see if you’ve been overpaying on your workers’ compensation insurance. Contact Gary Wallach today at 914-806-5853 or bgesgroup@gmail.com to learn more about how BGES Group can help you recover your hard-earned money. That’s Gary Wallach at 914-806-5853 or bgesgroup@gmail.com—call today and start the process of getting your money back!

BGES Group: Helping New York, New Jersey or Connecticut business owners recover hidden savings and improve their bottom line. Let us help you take back what’s rightfully yours.

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too. 

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

If you’re a New York contractor, you’ve likely felt the pinch of workers’ compensation insurance. But what if you’ve been paying more than necessary all these years without knowing it? At BGES Group, we offer a specialized service called Workers’ Compensation Premium Recovery that analyzes your past insurance policies, uncovers mistakes leading to overpayments, and helps recover your money. Best of all, this service is performed on a contingency fee basis, meaning there’s no upfront cost to you. It’s a win-win scenario—you have nothing to lose and potentially thousands of dollars to gain.

The Hidden Costs of Workers’ Compensation Insurance

Workers’ compensation insurance is vital for protecting your business and employees, but many contractors unknowingly overpay due to common errors. These errors can include:

– Misclassified employees

– Inaccurate experience modification factors

– Incorrect payroll reporting

– Audit discrepancies

Over time, these seemingly small mistakes can add up, costing your business thousands, tens of thousands, or even hundreds of thousands of dollars. Our service can go back up to seven years, reviewing your previous workers’ compensation policies for errors, and if any are found, we’ll help recover the overpaid amounts from your past insurers.

Our Recovery Process: Precise and Painless

The BGES Group partners with experts who conduct a comprehensive audit of your workers’ compensation policies, payroll records, and claims history. Their meticulous approach ensures that every potential error is identified and corrected. Here’s how the process works:

1. Employee Classification – Are your employees classified correctly? Incorrect classifications can lead to inflated premiums. We verify that everyone is categorized appropriately.

2. Payroll Data Analysis – We double-check that your payroll figures are reported accurately, as incorrect reporting can result in overcharges.

3. Experience Modification Factor Review – Your experience mod factor should reflect your claims history. If it’s miscalculated, you might be paying more than necessary.

Substantial Financial Recovery for New York Contractors

Imagine the relief of getting back the money you’ve overpaid in premiums. Whether it’s thousands, tens of thousands, or even hundreds of thousands of dollars, recovering these funds can significantly impact your business. You could reinvest in equipment, expand your operations, or simply improve cash flow. The possibilities are endless, and the process requires little to no effort on your part.

No Upfront Costs—You Have Nothing to Lose

Our Workers’ Compensation Premium Recovery service operates on a contingency fee basis. This means there’s no upfront cost to you. Our partners handle the heavy lifting, conducting the entire audit and recovery process, while keeping you updated with progress reports. If we don’t recover any money for you, you don’t pay a thing.

Get Started Today—Contact Gary Wallach

Why wait? If you suspect you’ve been overpaying on your workers’ compensation insurance, contact Gary Wallach today at 914-806-5853 or bgesgroup@gmail.com to learn more about how BGES Group can help recover your money. That’s Gary Wallach at 914-806-5853 or bgesgroup@gmail.com—call today and see how much you could recover!

BGES Group: We help New York contractors uncover hidden savings and improve their bottom line. Let us help you get your money back.

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too. 

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group