Why Workers’ Comp Claims Spike in the Summer

Workplace injury rates rise during the summer months. When summer rolls around, companies in many sectors, including agriculture and construction, significantly increase production.

Increased road construction raises risks for workers and drivers. Many of the newly hired workers are young and inexperienced, creating a high potential for workplace injuries.

Toiling in the sun is also a leading cause of weather-related injuries, including heat stroke, heat cramps and heat exhaustion. Heat illnesses occur when the body overheats to the point it cannot cool off, even with profuse sweating.

Young workers

Too often, young workers enter the workforce with little or no on-the-job safety training, heightening safety risks.

Recently, the Washington State Department of Labor & Industries released a report showing that teens are twice as likely to be hurt on the job as adults.

In Washington state, a total of 547 youths aged 17 and under were injured in the workplace in 2014, up nearly 14.7% over the previous year. Of the total, 173 were in the food and hospitality industries. The next largest total, 80, was reported in both the retail trades and agriculture.

Falls to the floor increased 77%, to 55 cases, as the chief cause of injury.

Young workers, aged 14 to 24, have more accidents because they lack the knowledge, training and experience to prevent them. Some common issues employers encounter with young workers are:

  • They do not understand what can go wrong.
  • They do not always follow the rules.
  • They fail to use personal protective equipment (PPE), or use it incorrectly.
  • They horse around on equipment.
  • They do not ask questions.
  • They think they are infallible.

It’s also important for supervisors to recognize the physical, cognitive and emotional developmental differences between young and adult workers. It takes extra effort to train and supervise seasonal employees on working safely.

Here are some training suggestions:

  • Repeatedly demonstrate job procedures and safety precautions. Don’t overlook the basics, such as starting and stopping equipment.
  • The step-by-step instructions for any task must include the task’s hazards and how to avoid them. Take the time to clearly explain the risks of not following the proper steps. Use examples.
  • Explain when and how to use PPE, as well as where to get it, how to inspect it, and how to remove and store it properly.
  • Train one-to-one with young workers and observe them performing tasks.
  • Encourage them to report problems and to ask questions.
  • Assign specific clean-up tasks and emphasize the importance of a clean, clutter-free worksite.
  • Control the hours worked. Many popular summer jobs, such as construction workers, landscapers and jobs in hospitality and food industries, require long hours of work in the heat that can lead to fatigue, inattention and stress, increasing the likelihood of injury.
  • Provide a mentor.
  • Demonstrate that safety is a priority at your facility. Words aren’t enough. New workers also need to see actions that reinforce the message: clean worksite, properly labeled hazardous substances and readily accessible safety data sheets, workers wearing required PPE and who are concerned about workplace safety and show it, and so on.

Heat illness dangers

While there are many excellent resources on dealing with heat, it’s important for employers to recognize that there are individual differences among workers and those who are struggling may be hesitant to complain.

The American Society of Safety Engineers calls heat the “unseen danger” at construction sites because the symptoms of heat illness can be subtle and misinterpreted as mere annoyances rather than signs of a serious health issue.

Workers new to outdoor jobs are particularly vulnerable. Implementing an acclimatization program, providing adequate water and frequent breaks are all critical, but the best way for employers to prevent heat illnesses is to consistently interact with workers to gauge how they’re feeling and provide current information on weather conditions.

Also, using apps, such as OSHA’s Heat Safety Tool, is a good way for workers to monitor their risk levels.

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, 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 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.

 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

website: http://www.bgesgroup.com

© – Copyright – 2021 – BGES Group

Long-Term Care and Its Impact on Families

You probably haven’t thought about it much, but what would you do if you suddenly suffered from a serious health condition, such as a disability? Would a family member be able to take you in and care for you? What would the impact be on their immediate family in regards to finances and emotion?

What if a family member suddenly suffered from a serious health condition? Would you be able to afford taking them in and caring for them? Would you sacrifice money as well as time with your children in order to care for them? Or do you have the extra money to send them to an assisted living facility that can cost nearly $8,000 a month?

There’s a simple answer to these questions: long-term care insurance.

Why more people need long-term care

There’s a good chance you know of a friend or have a family member that has needed long-term care. With people living longer, it has become more of an issue. This is why it’s imperative you talk with loved ones to devise a plan that will protect them in the future.

It’s never too early to start discussing long-term care insurance options. The earlier you get started, the less you will pay over the life of the policy. Likewise, the longer you wait, the more the price will increase. By purchasing a policy now, you could prevent a significant nest egg erosion, which can destroy a family’s worth for generations.

If something unfortunate happened to your spouse, would you be able to afford the long-term medical and rehabilitation needs that can cost thousands of dollars a month?

This is why long-term care insurance is so important. It protects you from having to face such a serious dilemma.

What it covers

Each policy is different, so you’ll need to work closely with us to make sure you choose the coverage you require. But in general, long-term care insurance can help you pay for:

  • Adult day programs
  • Respite care
  • Assisted living
  • Nursing home or specialized dementia care
  • Hospice services.

For older adults who want to age in-place, long-term care coverage can make it possible. Most comprehensive long-term care policies pay for in-home care if you need help with activities of daily living like dressing, or household tasks like paying bills, cooking and light housekeeping.

Comprehensive policies typically also pay for in-home therapies and skilled nursing services you may need, which can mean the difference between living at home and moving to a nursing home.

Other things your long-term care policy may cover include training for a family member who will be your caregiver, and home modifications like wheelchair ramps. If you have questions, feel free to call us anytime.

Each policy has a daily benefit amount, and most set a limit on the number of years that you can claim benefits. There are lifetime-benefit policies, which cost more than term-limited coverage. Because senior-care costs are rising faster than the rate of inflation, you may want to buy a policy that offers inflation protection.

The takeaway

Long-term care insurance won’t only help with finances and emotional stress; it also helps improve the quality of life for the individual in need of care. This can be done by keeping the family member in their own home, a familiar environment where they can enjoy family activities and memorable moments.

When it comes to finances, long-term care coverage will help protect your children’s inheritance, as well as your retirement plans because you won’t have to drain them to pay the care costs.

Long-term care insurance isn’t a traditional investment like stocks or real estate. It’s an investment in your family’s future.

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, 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 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.

 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

website: http://www.bgesgroup.com

© – Copyright – 2021 – BGES Group

The Risks for Businesses As We Emerge from Pandemic

As the economy starts waking up from the ravages of the COVID-19 pandemic and more companies rehire workers or bring them back to the workplace, businesses will be faced with a number of risks that they may not have had to contend with in the past.

That’s the conclusion of a new report, “New Emerging Risk Insights,” by the Swiss Re Institute. The report notes that the biggest risks for businesses will come from restarting suspended operations or ramping up from lower production levels, which lead to more serious workplace accidents.

There are other potential risks facing companies, including the toll of suddenly starting up equipment and machinery that sat idle as well as new maintenance issues from facilities that may have been operating at limited capacity.

Risk of restarting operations

For many companies with equipment, machinery and vehicle fleets, maintenance schedules often have not been kept up during the pandemic. And facilities that are not well-maintained can also pose their own risks, all of which can end up having significant costs in terms of resulting in large and costly accidents.

“There is heightened accident risk in rushed start-up actions as businesses seek to return to normal. In turn, this could lead to large losses in property and casualty insurance,” Swiss Re wrote.

There are a number of reasons maintenance and inspections may not have been kept up:

  • The facility has been idle.
  • The facility is operating at reduced capacity and there is not enough staff to conduct maintenance and inspections.
  • A lack of qualified contractors that can perform maintenance and repairs, as well as a shortage of equipment and material.
  • Qualified and experienced staff have either been laid off and/or, due to restrictions on mobility in lockdown, not able to travel to sites of work.

For perspective, in the oilfield services sector alone, there was a $20-billion reduction in maintenance budgets in 2020.

The danger in all of this, Swiss Re notes, is that the start-up phase of mothballed facilities and equipment can be a time fraught with “acute risk.” For example, studies have found that 40-50% of process safety incidents and major losses occur during start-ups after a period of being shut down or other issues that interrupted operations for a period of time.

And many businesses under financial pressure and starting up at a time when funds may be scarce can result in a company not planning or devoting the resources required for an orderly start-up. In other words, the start-up could be rushed amid the company’s eagerness to get things moving again.

Additionally, bringing back employees who have not worked much over the past year may result in a spate of workplace injuries. Staff who resume work after a long period of not being around workplace machinery and equipment may be out of practice and rusty, which can result in costly and dangerous mistakes that end in them, their co-workers or third parties being hurt.

Zombie companies

All those government financial relief programs enacted in 2020 and this year have helped many companies stay afloat. These subsidies have helped both viable and non-viable firms continue operations.

The danger concerns the latter companies, firms that are unable to cover debt-servicing costs from their current profits and revenues for an extended period of time. These types of businesses are often referred to as “zombie companies,” since they are not able to sustain their operations without outside financial assistance.

According to Swiss Re, these cash injections can mask an enterprise’s risk of defaulting, which means they could face uncertain insurance policy renewals.

Swiss Re said that these issues make it difficult for insurers to gauge which firms are insurable, since it is not easy to identify those that are being kept afloat by stimulus funds or low-interest loans.

“This distorts markets and, crucially for the insurance industry, makes it harder to distinguish between those at risk of defaulting and those not,” Swiss Re wrote in the report.

It also puts businesses in a bind, particularly if they have unknowingly contracted with zombie companies as vendors or suppliers. If one of those companies suddenly fails, it could leave the hiring company in a serious bind, particularly if that zombie firm was providing essential services or products.

The takeaway

If your firm has been idle or hasn’t been working at full capacity since the pandemic started, it would be wise to resume full operations in a methodical and well-planned manner.

That’s especially important if workers are returning to the job after a long hiatus. They may be rusty and not as attuned to workplace dangers as they were when they were working five days a week.

You may also want to ensure that your suppliers and vendors have seen no ill effects from the pandemic. But just in case, it would be wise to seek out alternative vendors and have a backup supplier should one of your main suppliers suddenly go belly-up.

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, 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 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.

 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

website: http://www.bgesgroup.com

© – Copyright – 2021 – BGES Group

Contractors – Having the Following Issues with Your Payroll Processing &/or Worker’s Compensation Companies?

Contractors – Having the Following Issues with Your Payroll Processing &/or Worker’s Compensation Companies?   If So We Have Great Fixes!

– 

11 Issues Contractors Have with Their Payroll Processing

  1. High rates and hidden fees
  2. Too Many Deadlines to Keep Track Of                                                                        
  3. Employee Misclassification Problems                                                                      
  4. Generating W-2s with Errors                                                                                
  5. Calculating Unemployment Taxes 
  6. Garnishments and Levies
  7. Compliance Issues
  8. Incompatible software
  9. Tracking employee absence
  10. Organizational issues
  11. Administrative overwhelm

10 Issues Contractors Have with Their Worker’s Compensation Insurance

  1. High rates              
  2. Poor loss experience causing you to be cancelled or skyrocketing your rates
  3. High Experience Modification Factor              
  4. Non-renewed    
  5. No prior coverage causing problems getting coverage              
  6. Misclassification of payrolls    
  7. Employee performing several trades however insurance company charging you highest rate              
  8. Annual audits a hassle              
  9. Have your Worker’s Compensation in a state or assigned risk plan but need coverage while employees work out of state                  
  10. Having trouble getting Worker’s Compensation because you sub out a high percentage of your work or 1099 workers
(We Offer Worker’s Compensation Insurance in States of New York, New Jersey and Connecticut.)
ALL STATES – Fixing contractor payroll processing and Worker’s Compensation issues is what our company has been doing since 2001.
Call 914-806-5853 and tell us what issues you’re having.  We will help solve them and if it’s not possible with your companies then we have 20 other companies to go to and get you services.
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.

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, New York State Disability, Group Health, Life insurance, Personal lines, Payroll Processing 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 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. 

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

website: http://www.bgesgroup.com

© – Copyright – 2021 – BGES Group

 

Many Small Firms Can’t Identify Workers’ Comp Claims Fraud

Fraud adds to workers’ compensation costs for all businesses, but it hits small businesses the hardest as they may not have the resources to identify bogus claims.

According to a new study by workers’ comp insurer Employers Holdings Inc., about 20% of small business owners are not sufficiently prepared to identify workers’ comp fraud.

It’s estimated that at least 10% of workers’ compensation claims are fraudulent, and identifying those illicit claims would keep your workers’ comp claims in check and reduce your premiums.

Claims fraud happens when an employee tries to gain workers’ comp benefits by falsely stating that an injury or illness occurred at work, or by exaggerating an existing injury or illness.

Workers’ compensation fraud” .can strain business operations, lead to higher insurance costs for businesses, and even undermine honest workers who are legitimately injured on the job,” said Ranney Pageler, VP of fraud investigations at Employers.

The disconnect

The study found that:

  • 13% of small business owners are concerned that one of their employees would commit workers’ comp fraud by faking an injury or illness to collect benefits.
  • 21% said they are unsure of their ability to identify fraud.
  • 24% of small business owners have installed surveillance cameras to monitor employees on the job.

The strongest indicators of potential claims fraud noted by survey respondents include:

  • The employee has a history of claims (58%).
  • There were no witnesses to the incident (52%).
  • The employee did not report the injury or illness in a timely manner (52%).
  • The reported incident coincides with a change in employment status (51%).

Nipping fraud in the bud

Investigator Pageler recommends that small business owners look for the following warning signs:

  • Monday morning (or start of shift) injury reports. The alleged injury occurs first thing on Monday morning, or the injury occurs late on Friday afternoon but is not reported until Monday.
  • Employment changes. The reported accident occurs immediately before or after a strike, job termination, layoff, end of a big project or the conclusion of seasonal work.
  • Suspicious providers. An employee’s medical providers or legal consultants have a history of handling suspicious claims, or the same doctors and lawyers are used by groups of claimants.
  • No witnesses. There are no witnesses to the accident and the employee’s own description does not logically support the cause of the injury.
  • Conflicting descriptions. The employee’s description of the accident conflicts with the medical history or injury report.
  • History of claims. The claimant has a history of suspicious or litigated claims.
  • Refusal of treatment. The claimant refuses a diagnostic procedure to confirm the nature or extent of an injury.
  • Late reporting. The employee delays reporting the claim without a reasonable explanation.
  • Claimant is hard to reach. The allegedly disabled claimant is hard to reach at home and does not respond promptly to messages.
  • Frequent changes. The claimant has a history of frequently changing physicians, addresses or jobs.

It should be noted that one of these indicators on its own may not be indicative of fraud, so don’t jump to conclusions.


What to do if you suspect fraud

Employers who suspect a worker may be committing claims fraud should first alert the special investigations unit or fraud unit within their insurance company’s claims department.

If your complaint is found to have merit and they believe the claim may be fraudulent, the insurer may report it to the appropriate law enforcement authorities. But that will only happen after the insurance company has conducted its own investigation.

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, 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 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.

 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

website: http://www.bgesgroup.com

© – Copyright – 2021 – BGES Group

Reviews

Contractors – How To Make Sure You’re Getting The Best Liability Rates and Coverage Available?

Good day!  My name is Gary Wallach and my firm is one of tri-state’s leading “Construction Insurance Specialists” who represent 60+ construction insurance companies and have arrangements with a few carriers/programs which can give YOU that extra competitive edge!

We have special programs for contractor general liability, umbrella liability, business auto, workers compensation and bid & performance bonds.  99.9% of agents don’t have the breadth of companies we do.  And we also have marketing muscle which helps our client’s get excellent rates and coverage!

If you are a “General Contractor” or “Special Trades” we offer in our opinion “THE BEST PROGRAM” around!  Rates are unbeatable and so is coverage!  Question is saving $25,000, $50,000, $100,000+ worth giving us a shot getting you into our program?

98% of our accounts are contractors and if you go to our website you can see that all praise and give us a “5 Star Rating.”

One of the great things working with us is when you call, text or email you get us immediately. No phone tag.  You can get us Monday thru Sunday you just call 914-806-5853 and we are there to ALWAYS lend a helping hand!

Let us take your account and market it to our carrier network.  We will make it as painless as possible.  We can only “BETTER YOUR SITUATION!”

One contractor we worked on was paying $393,000.  We reduced his pricing to $197,000 and got him much better coverage.

Another was paying $146,000.  We reduced his pricing to $78,000 and got rid of height restrictions, subcontractor coverage warranties and type of work restrictions.

Whatever problem you have we can help fix it.

We can help with screening subcontractors insurance.  We have a program in place to help clients.

We can help review contracts to make sure your insurance is in compliance.

We can help you set up a “Written Safety Manual.”

We can help you with getting bonds.

We can help you with getting Group Health Insurance.

Take a minute to watch our videos.  After give us a call.  Again we can only better your situation and when you’re spending tens, hundreds of thousands of dollars, well at least we think reaching out to us in the end can only save you lots of money!

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.

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, 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 contractor 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 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.

 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

website: http://www.bgesgroup.com

© – Copyright – 2021 – BGES Group

Renter’s Insurance, for Affordable Peace of Mind

More than two-thirds of renters are uninsured for fire, natural disaster and burglary.

Why do so many people take this unnecessary risk? Some may think that their landlord’s insurance will cover any claims, or that only houses are broken into – and not apartments.

But the fact is that more apartments are broken into than houses, and apartments also burn. Worse yet, if a fire starts in one unit it will often affect nearby flats, as well. A careless neighbor could be the cause of your next burnt hallway.

But if you’re still on the fence, you should consider the following:

Your landlord’s insurance won’t cover you — While landlord’s insurance policies cover the building and any unattached property they have stored there, that coverage does not extend to a tenant’s belongings.

If your things are stolen or destroyed by a fire or a storm, you’ll have to replace them yourself. Additionally, you’ll be footing the bill for any temporary living expenses you may rack up if your apartment is uninhabitable for a period of time.

You may think your stuff is worthless, but it’s not — If you look around, you’ll find that you do have things of value. Your computer, tablet, mp3 player, clothing, furniture, a DVD collection, to name a few.

Most people have thousands of dollars of belongings and if a fire rages through their apartment, it’s all gone. And there’s an added bonus with renter’s insurance, in that it comes with liability protection against lawsuits by visitors who are injured when in your flat.

Renter’s insurance is affordable — Depending on the amount of coverage you purchase, premiums can be as low as a few hundred dollars a year, or less than $20 a month. Give us a call and we can take you through the steps of determining how much coverage you may need.

We’ll walk you through it

Understanding most insurance products does take a little time, but it’s always easier with the help of a professional insurance agent. We can walk you through the process of how to decide what type of policy is right for you, such as:

  • Explaining the differences between actual cost and replacement cost.
  • Helping you decide which deductible is right for your budget.
  • Explaining policy add-ons such as floaters to cover valuables above the coverage limits of a standard policy.

You will have to decide on one important part of the coverage: actual or replacement value.

If you have expensive items like electronics that are subject to depreciation, you should consider replacement cost coverage. With this type of policy, you would be reimbursed for the current cost of buying a new equivalent item.

This way, if you spent $2,000 on a computer three years ago, you would receive a check from the insurance company that would enable you to buy a new one.

However, if you had an “actual value” policy, the computer would be valued not at what you paid for it originally or what it would cost to replace it, but at its actual value as a used item. So, a three-year-old computer would be covered for its initial cost minus depreciation.

Of course, replacement cost coverage is more expensive.  It’s up to you to decide which type of coverage — actual value or replacement cost — better fits your needs and budget.

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, New York State Disability, Group Health, Life insurance, Personal lines and Identity Theft.

Special Contractor Insurance Programs (NY, NJ, CT) – We we have 50+ 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 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.

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

website: http://www.bgesgroup.com

© – Copyright – 2021 – BGES Group

Pandemic Brings Voluntary Benefits to Fore

One major repercussion of the COVID-19 pandemic is that employees are embracing the voluntary benefits their employers are offering them, but they’d like to see more choices and issues such as mental health and voluntary benefits have risen to the fore.

The Hartford’s “2021 Future of Benefits Study” found that before the pandemic, benefits were mainly viewed as a means of attracting and retaining talent. But the pandemic changed all that due to the stress of having our work and personal lives upended, as well as the widespread suffering and grief that the coronavirus has caused.

The most significant shift that The Hartford noted has been in what employees value most and they would like to see employee benefits cover better:

Solid voluntary benefits

Most everyone has felt the personal effects of the pandemic, either contracting COVID-19 and being hospitalized or seeing family or friends get sick and check in for treatment. Many have had loved ones die from the disease.

As a result, voluntary benefits have become a larger priority for many workers.

In addition, employees are expressing more interest in supplemental benefits such as critical illness insurance, hospital indemnity insurance and accident insurance. Employers listened and during the last year:

  • 36% of companies surveyed added accident insurance, half of them due to the pandemic.
  • 32% added hospital indemnity insurance, nearly two-thirds of them adding the coverage in response to the pandemic.
  • 29% added critical illness insurance, 84% of which did so due to the pandemic.
  • 27% added life insurance, three-fourths of which did so due to the pandemic.
  • 21 added long-term disability, nearly two-thirds of them doing so due to the pandemic.

A new focus on mental health

Besides the physical toll that the COVID-19 pandemic took on people who contracted the disease, many have been dealing with mental health and work-balance issues, particularly if they were suddenly thrust into working from home.

That coupled with the overall stress that the pandemic has had on people, has prompted a greater demand for employers to prioritize mental health for their staff. The study found that:

  • 59% of workers said their company’s culture has been more accepting of mental health challenges this past year.
  • 27% of employees said they struggle with depression or anxiety most days or a few times a week (up from 20% in March 2020).
  • 70% of employers now recognize that employee mental health is a significant workplace issue, up from 59% in June 2020.

While the pandemic has brought greater attention to the mental health challenges many workers face, it has also shed light on the opportunities for employers to support their team.

This can be done by ensuring that your health plans include a mental health component, offering your workers an employee assistance program and providing staff with resources, help and education that address wellness and mental health.

Engagement and tech

There was a quantum shift in 2020 to virtual benefits enrollment due to the logistics and danger of turning open enrollment meetings into super-spreader events.

Employers were left having to figure out how to conduct open enrollment and provide benefits education most effectively if a significant portion of their staff was now working remotely. Most employers opted for remote educational and open enrollment events that include teleconferencing and online portals for choosing or renewing health plans.

The survey predicts that the reliance on technology will only increase, with 75% of employers saying their company’s open enrollment strategy will depend more strongly on online resources this year.

The Hartford said that personalization would be key to the success of any employee benefits program:

  • 58% of workers surveyed said they would like a personalized recommendation for what insurance benefits they should be buying.
  • 76% of employers said that they are offering personalized benefit recommendations during open enrollment, up from 71% in June 2020.
  • Story-driven enrollment tools can offer an employee context. Presenting the material in a relatable way and tailoring the message based on an understanding of an individual’s benefits needs, influences and life stage, can help someone better evaluate whether a certain benefit is right for them.

Paid time off

Paid time off has become a much hotter topic since the pandemic started. COVID-19 prompted a number of states as well as the federal government to support paid time away from work through new laws and regulations.

Employers also took note, and 75% of them ended up increasing the types of paid time away from work they provided, beyond state and federal requirements.

Here’s what happened:

  • 46% of employers expanded their paid medical leave.
  • 46% expanded their paid sick time.
  • 39% expanded paid family leave.
  • 30% expanded paid parental leave.
  • 30% expanded paid time off or vacation time.

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, New York State Disability, Group Health, Life insurance, Personal lines and Identity Theft.

Special Contractor Insurance Programs (NY, NJ, CT) – We we have 50+ 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 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.

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

website: http://www.bgesgroup.com

© – Copyright – 2021 – BGES Group

In-House Inspections Crucial to a Safe Workplace

When was the last time you or the person responsible for safety walked around your facility, warehouse, office or workplace and did an inspection? Your Injury and Illness Prevention Program states that the owner, supervisor or person with authority and responsibility shall conduct periodic workplace safety inspections.

To maintain a safe and healthful workplace, OSHA requires that you use the safety standard to help identify hazards that currently exist or could develop over time, and that includes period inspections. These walk-throughs are not trivial and should be taken seriously, as one oversight can have deadly consequences.

Besides regular, scheduled inspections, you will want to conduct inspections whenever new substances, processes, procedures or equipment are introduced into the workplace as they can represent a new occupational safety and health hazard.

Getting started

You should always be on the lookout for possible hazards, but a complete facility check should be done monthly.

With a busy workplace, employers and employees tend to overlook hazards — but with monthly inspections and corrections, accidents can be prevented.

These inspections can help you ferret out issues that may have just come up, or carelessness by an employee that would otherwise go unnoticed.

Use your own experience to develop a hazard inspection checklist for your facility. Every facility is unique and your managers and workers are the most qualified to understand the main safety hazards in the workplace.

The items should be specific and clear enough so that anyone in your workplace can check the items listed. Make copies, so a new list does not have to be made each time.

What should you be looking for when doing a workplace walk-around inspection? You can start with these items:

  • Are telephone numbers, safety data sheets, first aid kits, exits and warning signs posted in their appropriate places?
  • Are all workstations clean, sanitary and orderly? Are changes in elevation indicated by signs or painted areas?
  • Are electrical panels clear of obstructions, breakers marked in relation to what they serve, and panel doors closed?
  • Are first aid kits easily accessible to each work area, with necessary supplies available and replenished?
  • Are fire extinguishers mounted, unobstructed, signs posted and an adequate number for the workplace?
  • Are exits marked with an exit sign, and non-exits marked accordingly?
  • Are exits free of obstructions, and unlocked during business hours?
  • Are employer postings in a prominent place, so all employees are likely to see them, and are the posters the latest revisions?

This list is by no means exhaustive. As mentioned, you will best know what to look out for at your workplace as you should be following OSHA regulations for your industry.

Don’t forget: If your inspection finds hazards, correct them immediately.

Once you have done your inspection and noted anything untoward, cite it in your safety meetings. Involve your employees to let them know your concerns for their health and well-being. Ask for safety suggestions or concerns from front-line workers.

Record-keeping is key

The key to a regular inspection program is also to include detailed records of them.

You need to keep records of:

  • Notes from every inspection you conduct and any findings and recommendations for abatement of hazards.
  • Records from inspections after accidents.

All of these findings need to be communicated with your staff so that you can make them aware of these hazards and what you are doing to minimize them. This also helps in getting the team involved and building in them a sense of workplace safety awareness.

You are also required to indicate the frequency of inspections and identify the person responsible for conducting the inspections and correcting unsafe conditions in all work areas.

Keep these records for a minimum of three years.

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, New York State Disability, Group Health, Life insurance, Personal lines and Identity Theft.

Special Contractor Insurance Programs (NY, NJ, CT) – We we have 50+ 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 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.

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

website: http://www.bgesgroup.com

© – Copyright – 2021 – BGES Group

Preparing for a Workers’ Compensation Audit

Just the mention of a workers’ compensation audit can stir up the butterflies in your stomach and add a serious dose of stress to your existence.

But, if you are scheduled for an audit, there is no need to dread it. A small amount of preparation and common sense can save you a lot of aggravation and money.

Timing
Devoting a few hours of effort now can save you a lot of time in the future. Give your full attention to the auditor and remain with them throughout the entire process. The process may take a couple of hours to complete, so make sure that the time and date of the scheduled audit are convenient for you. Call to reschedule the audit if it has been scheduled at an inopportune time.

Documentation

As soon as you learn about the audit, begin to collect and organize:

  • Payroll records,
  • Overtime payroll records,
  • Classification divisions, and
  • Insurance certificates.

This should give you plenty of time to compose a summary of each, which will help you to better communicate important data during the audit process. Information that is well organized will also expedite the process. If you can reconcile your calculations to payroll records, such as W2s and payroll stubs, the auditor might be more comfortable trusting your data.

You will also want to make any needed adjustment to payrolls; for example, subtracting bonus pay from overtime pay.

If applicable, you will need to apply the maximum and minimum payrolls to the calculations. This part may take a little research, since the minimum and maximum will vary based on state, career, and even among sole proprietors, partners and executive officers.

 

Classification and subcontractors

Before the audit, review the different employee job classifications and make sure that each person is correctly classified.

This is a key element to ensure that the audit flows smoothly. If there’s any question about how to classify an employee, call us. The auditor is most likely going to ask you about the classification and job duties for multiple different employees, so be prepared and armed with knowledge.

One last important preparation concerns subcontractors. Payments issued to subcontractors can go against your workers’ compensation in the event that the subcontractor did not have a certificate of workers’ compensation.

You can get a copy of the certificate, but make sure that it is current and shows coverage during the time the subcontractor worked for you.

 

D-day

Once the audit arrives, you’ll be glad that you took a little time collecting, organizing and summarizing your information. You will also find that the auditor is not a nemesis, especially when you provide honest answers and organized paperwork.

At the conclusion of the audit, ask the auditor for the audit worksheet. Then ask us to review the accuracy of the final audit.

You have a legal right to ask for a corrected audit anytime you think there were any errors. If any overpayment was made under the last three preceding audits, you also have a legal right to recover it.

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, New York State Disability, Group Health, Life insurance, Personal lines and Identity Theft.

Special Contractor Insurance Programs (NY, NJ, CT) – We we have 50+ 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 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.

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

website: http://www.bgesgroup.com

© – Copyright – 2021 – BGES Group