If you own a business and have employees, you need workers compensation insurance — it’s not only the law in most states, but it’s also critical protection for your workers and your business. Whether you’re a new contractor, a restaurant owner, or a seasoned tradesman, chances are you’ve had plenty of questions about how this coverage works, what it costs, and what it covers.

In this article, we’ll cover the 20 most common questions business owners ask about their workers’ comp policies. Along the way, we’ll sprinkle in helpful advice, a few industry tips, and explain how BGES Group, a Tri-State workers compensation specialist, can help you get the best policy for your needs.

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1. What Is Workers’ Compensation Insurance?

It’s a policy that pays for medical expenses, lost wages, and other benefits if an employee gets injured or sick while working.

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2. Is Workers’ Compensation Insurance Required by Law?

Yes. Most states, including New York, New Jersey, and Connecticut, require any business with employees to carry workers comp insurance. Not having it can lead to stiff penalties.

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3. How Are Workers’ Compensation Insurance Rates Determined?

Rates depend on your payroll, industry classification code, claims history, and the states you work in. For example, New York workers compensation insurance for a roofer will cost more than for an office clerk.

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4. What Does a Workers’ Comp Policy Cover?

It covers:

• Medical treatment

• Lost wages

• Rehabilitation expenses

• Disability benefits

• Death benefits for dependents

It doesn’t cover injuries outside of work or those resulting from intoxication or intentional acts.

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5. Who Needs to Be Covered Under a Workers’ Comp Policy?

All employees, including full-time, part-time, and sometimes subcontractors. If you hire subcontractors, ask for their certificates of insurance — or you could be held responsible for their injuries.

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6. What Happens If I Work Out of State?

Important tip: If you perform work out of state for extended periods — especially weeks at a time — you need to make sure your workers comp policy includes coverage for those states. Not every policy automatically extends coverage outside your home state. BGES Group can help make sure you’re properly covered.

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7. How Does a Workers’ Compensation Premium Work?

The premium you pay up front is a deposit annual premium. At the end of the policy period, the insurance company conducts a payroll audit. If you paid more or less in payroll than estimated, your premium is adjusted accordingly.

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8. What Is a Workers’ Comp Audit?

An audit is a year-end review of your actual payroll, job classifications, and subcontractor costs to ensure you were charged the correct premium.

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9. Can I Get a Quote From Different Insurance Companies?

Yes. It’s smart to shop around. Not all carriers offer the same rates or services. If you’re Googling workers comp insurance quote, consider a broker like BGES Group, who specializes in Tri-State workers compensation insurance and shops multiple carriers for you.

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10. Should I Use a State Plan or Private Insurance Company?

State funds are typically for high-risk or hard-to-insure businesses. If you qualify for coverage through a regular insurance company, you’ll often get better service, rates, and options. BGES Group can help determine which is best for your business.

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11. Can I Lower My Workers’ Comp Costs?

Yes — by:

• Implementing a safety program

• Conducting regular safety meetings

• Correctly classifying payroll

• Maintaining clean claims records

• Working with an experienced broker

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12. How Do I Report a Claim?

Immediately notify your insurance carrier, document the incident, and make sure the employee receives medical care.

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13. What Is an Experience Modification Factor (Mod)?

A mod is a score based on your company’s claims history. A lower mod can reduce your premium.

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14. Do Owners Need to Be Covered?

In many states, owners can opt out, but if you work on job sites, it’s often safer (and required by general contractors) to be covered.

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15. What Happens If an Employee Gets Hurt and I Don’t Have Coverage?

You could face fines, lawsuits, and personal liability for the employee’s medical bills and lost wages.

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16. Are Subcontractors Covered Under My Policy?

Not unless you specifically include them. Always collect their certificate of insurance to prove they have their own coverage.

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17. What Is a Workers’ Comp Class Code?

It’s a number that identifies the type of work your employees perform. Rates are based on how risky the work is.

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18. How Fast Can I Get a Workers’ Comp Insurance Quote?

Many brokers can get quotes the same day, especially if you have your payroll and business info ready. BGES Group offers fast, competitive quotes for businesses throughout New York, New Jersey, and Connecticut.

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19. Can I Be Insured Through an Assigned Risk Pool?

If private insurers decline to cover you, you’ll be placed in a state-assigned risk pool. It’s usually more expensive. BGES Group can help you avoid this by accessing specialized markets.

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20. Can I Make Monthly Payments on My Premium?

Yes — most insurance companies offer payment plans, so you don’t have to pay the full premium up front.

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Why Choose BGES Group?

At BGES Group, we specialize in Tri-State workers compensation insurance, helping contractors, tradesmen, and small business owners navigate the confusing world of workers’ comp. We shop the best workers comp insurance companies, develop loss control programs, help with audits, and make sure your policy covers out-of-state work when needed.

If you’re unhappy with your current rates, stuck in an assigned risk plan, or just want a better broker relationship, BGES Group can help you find a new company that better fits your business needs.

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Contact BGES Group Today

📞 Gary Wallach: (914) 806-5853

📧 Email: bgesgroup@gmail.com

🌐 Website: http://www.bgesgroup.com

Let us help you protect your business, your people, and your bottom line.

In today’s construction industry, subcontracting work is an essential part of getting the job done efficiently. Whether you’re a general contractor managing multiple trades or a specialty contractor bringing in support, subcontractors help projects move forward on time and within budget.

But there’s a major risk many contractors aren’t aware of—or are ignoring. The assumption that your General Liability (GL) and Umbrella Liability policies automatically cover damages caused by your subcontractors can be a fatal flaw in your risk management strategy. If your subcontractors are not in full compliance with your policy’s insurance requirements, you could be personally liable for accidents and claims. That mistake could cost you your business.

Let’s take a closer look at how today’s insurance companies are changing the rules—and what you must do to protect yourself.

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Understanding the Risk: Subcontractor Liability Exposures

Most contractors believe their own insurance policies provide a safety net for subcontractor-related incidents. Unfortunately, that’s only true if specific—and often strict—conditions are met.

Insurance carriers today are including powerful contractual provisions in their liability policies, especially for New York contractors. These provisions spell out, in fine print, exactly what you must do to be eligible for coverage in the event of a subcontractor-related claim.

These provisions are no longer suggestions—they are requirements. And failure to comply with even one of them can result in a total denial of your claim.

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What Is a Hard Hammer Clause?

A growing trend in the insurance market is the use of what’s known as a “Hard Hammer Clause.” Think of this as the insurance company’s way of saying: “We’ll only cover you if you’ve done everything exactly right.”

Under a Hard Hammer Clause, your insurer won’t hesitate to decline a claim if you haven’t met every subcontractor insurance requirement in your policy. That means even one missing certificate of insurance, one subcontractor with inadequate coverage, or one unsigned agreement could leave you without protection.

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What Do These Agreements Require?

So what exactly are these subcontractor insurance requirements?

If you’re working under a General or Umbrella Liability policy with a Hard Hammer Clause, here’s what you are typically required to obtain from each and every subcontractor you hire:

1. Hold Harmless and Insurance Agreement

You must have a written, signed, and dated agreement in place before work begins. This agreement must:

• Include an indemnification (hold harmless) clause stating the subcontractor agrees to protect you against claims resulting from their work.
• Clearly outline the insurance coverages and minimum limits they are required to carry.

Warning: Many subcontractors do not carry adequate coverage or use outdated agreements. Using the wrong form or working without one puts you at risk.

2. Minimum Liability Limits

Subcontractors must carry at least $1,000,000 in General Liability limits—often more depending on the job. Some policies require higher limits or additional Umbrella coverage for specific trades.

3. Certificates of Insurance (COIs)

You must obtain a current COI from each subcontractor that includes:

• Your company listed as an Additional Insured
• Waiver of Subrogation in your favor
• Primary and Non-Contributory wording
• Policy dates and limits that match the contract

Don’t just file these certificates—review them. Many contain incorrect or missing information that invalidates coverage.

4. Contractual Liability Coverage

The subcontractor’s policy must include Contractual Liability, which covers the indemnification obligations they’ve agreed to in your contract.

5. Labor Law Coverage (NY Specific)

For New York contractors, this is crucial. Your subcontractors must have coverage for Labor Law 240 and 241 claims (scaffold and fall-related injuries). Without this, your insurance will not respond, and the courts may hold you fully liable.

6. Primary and Non-Contributory Coverage

This provision ensures the subcontractor’s insurance responds first and in full, before yours. Without this, your policy could be dragged into claims it wasn’t designed to handle.

7. Waiver of Subrogation

This prevents the subcontractor’s insurer from suing you to recover their losses. It’s a standard risk transfer mechanism, but must be properly documented.

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Compliance Isn’t Optional—It’s Essential

The harsh reality is that insurance companies are no longer lenient when contractors fail to meet these requirements. If an accident occurs and your subcontractor is uninsured, underinsured, or has missing documentation, your insurance carrier may deny your claim outright.

That means you could be on the hook for:

• Medical bills
• Legal fees
• Judgments or settlements
• Lost time and revenue
• Permanent damage to your company’s reputation

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A Better Way: Let BGES Group Handle It for You

Keeping track of these requirements is no easy task. Most contractors don’t have the time or technical knowledge to manage this in-house. And most brokers sell the policy and move on—they don’t stay involved to help you maintain compliance.

That’s where we come in.

At BGES Group, we specialize in working with contractors to not only get great insurance policies—but to make sure they stay protected year-round. We offer support with:

• Policy reviews
• Subcontractor agreement templates
• Certificate tracking and compliance
• Access to specialty insurance markets
• Ongoing risk management support

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Examples of Real Savings

We’ve helped countless contractors improve their coverage and reduce costs. Here are just a few examples:

• NYC Contractor: Saved $100,000 on General Liability and Umbrella premiums.
• Queens Contractor: Increased Umbrella limit from $3 million to $5 million and reduced premium from $103,000 to $78,000.
• Upstate Demolition Company: Replaced a $3 million Umbrella costing over $50,000 with a $5 million Umbrella for just $23,000.

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What Clients Say About BGES Group

Here’s what contractors are saying about working with us:

“Gary Wallach and his team are the best. They saved me thousands of dollars and made the whole process painless.”

“Exceptional customer service! I never have to wait for answers, and they’re always on top of my account.”

“Their program is a game-changer. The group health option has been a huge bonus for my employees.”

“The personal touch from BGES Group is unmatched. They treat you like family and truly care about your business.”

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Free Policy Review and Resources

We’re offering a FREE policy review to help you understand your subcontractor-related exposures. We’ll also provide you with a sample Hold Harmless and Insurance Agreement at no cost (just have your attorney review it before use).

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Ready to Get Protected?

Don’t wait until a claim hits to find out you’re not covered. Protect your business by taking action now.

📞 Call Gary Wallach at 914-806-5853 🌐 Visit us at www.bgesgroup.com 📧 Email us at bgesgroup@gmail.com

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BGES Group – Insurance Protection Built for Contractors Who Can’t Afford Mistakes

Serving contractors throughout New York, New Jersey, and Connecticut.

In the fast-paced, highly regulated world of New York construction, one thing is certain — keeping clean, accurate, and organized payroll records can make or break your business, especially when it comes time for a liability insurance audit. If you’re a contractor performing multiple trades on your projects, failing to separate your payroll records by trade could cost you thousands in unexpected premium charges.

Let’s dive into a common scenario and break down how New York contractors can protect themselves, their businesses, and their bottom line with proper bookkeeping practices.

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Meet John: A Multi-Trade New York Contractor

John owns a small but busy construction company in New York City. He takes on a wide variety of projects and performs 25% carpentry, 25% drywall, 25% plastering, and 25% insulation work. In addition to his in-house labor force, he subcontracts out about $100,000 annually to other tradesmen on the same percentage basis.

Everything is running smoothly until his annual general liability and workers’ compensation audit comes around. That’s when John finds out that because his payroll records weren’t properly separated by trade, the auditor lumped all of his payroll into the highest-rated class code — in this case, probably carpentry — leading to a huge unexpected premium increase.

It didn’t have to happen this way.

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Why Accurate Bookkeeping is Crucial for New York Contractors

If you’re a New York contractor working multiple trades, your liability and workers’ compensation rates vary depending on the trade. Carpentry liability insurance premiums, for example, can be much higher than those for drywall or insulation. If an auditor cannot clearly see how your payroll was divided among trades, they will default to the highest-rated class, and you’ll get stuck footing the bill.

Proper bookkeeping isn’t just about avoiding a painful audit — it’s about smart business management. It ensures you’re paying fair premiums, keeping clean records, and reducing your risk exposure.

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How New York Contractors Should Keep Payroll Records

If you, like John, perform multiple trades, your payroll system needs to track employee hours and wages separately by trade category. Here’s how you can do it effectively:

1. Create Distinct Payroll Categories:

When setting up your payroll system, create separate categories for each trade you perform — for example:

• Carpentry

• Drywall

• Plastering

• Insulation

2. Assign Employees by Trade and Track Daily Hours:

Have your employees fill out daily timecards that note the hours worked in each trade category. For example, if an employee spends four hours on carpentry and four hours on drywall in one day, the timecard should reflect this split.

3. Separate Subcontractor Payments:

If you subcontract work, keep detailed records of what percentage of the subcontractor’s work falls into each trade category. Since John subcontracts $100,000 in total, his records should show:

• $25,000 for Carpentry

• $25,000 for Drywall

• $25,000 for Plastering

• $25,000 for Insulation

4. Reconcile Weekly and Monthly:

Regularly reconcile payroll reports and subcontractor invoices to make sure everything is accurately coded. This way, if an auditor arrives, you’ll have clean, organized records ready to present.

5. Document Everything:

Keep copies of timesheets, job descriptions, subcontractor agreements, and invoices clearly labeled and organized by job and trade category.

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Speak to Your Accountant for Help

If all of this sounds overwhelming, you don’t have to do it alone. Speak with your accountant about how to set up your bookkeeping system to properly track payroll by trade. A qualified accountant familiar with New York contractor liability insurance audits can help you create a system that not only keeps your records clean but also helps you lower your insurance costs.

Ask your accountant to:

• Review your current payroll process.

• Help you implement a system to separate payroll by trade.

• Set up regular reporting to catch discrepancies early.

• Assist you in preparing for audits with organized, trade-specific reports.

The investment you make in accurate bookkeeping now can save you thousands later.

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How BGES Group Helps New York Contractors

At BGES Group, we specialize in working with New York contractors liability insurance policies, especially those in the construction industry. We understand the challenges contractors face in today’s complex insurance landscape and provide tailored solutions that protect your business and save you money.

When it comes to buying new liability insurance for New York contractors, you don’t just need a policy — you need a partner who knows the nuances of your trade and local regulations.

Here’s what BGES Group can do for you:

• Review your current liability and workers’ compensation policies.

• Help you structure your bookkeeping and payroll systems to comply with audit requirements.

• Shop the market to find better coverage and lower rates.

• Offer risk management advice to keep your business safe and compliant.

• Provide ongoing support and advocacy, especially during audits and claims.

We’ve helped countless New York contractors avoid costly audit surprises, improve their insurance programs, and lower their premiums through smart planning and proactive service.

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Contact BGES Group Today

If you’re a New York contractor searching online for new liability insurance for contractors, New York contractor’s liability insurance quotes, contractor insurance audits, or liability insurance for carpenters, drywallers, and plasterers in New York, give us a call.

We’re ready to help you protect your business, save money, and give you peace of mind.

Contact Information:

BGES Group

Gary Wallach – Construction Insurance Specialist

Phone: 914-806-5853

Email: bgesgroup@gmail.com

Website: http://www.bgesgroup.com

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Final Thought:

In New York’s ever-demanding construction scene, staying ahead of liability issues is about being proactive. Proper payroll bookkeeping isn’t just a best practice — it’s a necessity for protecting your profits. Don’t wait until audit time to realize your records are working against you. Connect with your accountant today and reach out to BGES Group to make sure your contractor liability insurance is working as hard as you are.

If you’re a business owner in New York, New Jersey, or Connecticut, you already know how expensive workers compensation insurance can be. Between rising premium rates, strict underwriting guidelines, and additional administrative headaches like payroll processing and employee benefits, it’s tough to stay ahead. What if you could bundle those services together, simplify operations, and save up to 30% in the process?

At BGES Group, we specialize in helping Tri-State business owners like you reduce expenses and improve efficiency with a unique program that combines payroll services, workers compensation insurance, and even group health insurance options. It’s a proven way to lower insurance premiums while streamlining your back-office operations — and best of all, it’s designed specifically for small to mid-sized businesses in industries where traditional insurance policies are either too costly or hard to secure.

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10 Ways Our Program Can Help Business Owners

Wondering how this all-in-one solution can benefit your business? Here are 10 practical, impactful ways our program works to your advantage:

1️⃣ Lower Workers Compensation Premiums

Our program can immediately reduce your workers compensation insurance premiums by up to 30%. By integrating payroll and insurance services under one system, we help cut unnecessary fees, surcharges, and administrative expenses — delivering instant savings.

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2️⃣ Pay-As-You-Go Payment Structure

Say goodbye to large upfront premium deposits. Our pay-as-you-go system calculates your workers compensation insurance cost based on actual payroll each pay period. This keeps cash flow steady and eliminates costly year-end audits and surprise bills.

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3️⃣ Access to Top-Tier Group Health Insurance Plans

In addition to workers compensation insurance coverage, we can also give your business access to affordable group health insurance options. Better benefits mean happier, healthier employees — and an edge when it comes to recruiting and retaining talent.

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4️⃣ Full Payroll Administration Included

No need to manage payroll separately. Our service includes comprehensive payroll processing with direct deposit, tax filings, and wage reporting — all integrated with your workers comp insurance policy for complete simplicity.

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5️⃣ Risk Management Support

We offer professional safety consulting and risk management services to help you minimize workplace injuries and claims. Fewer claims mean lower long-term workers comp rates, creating ongoing savings for your business.

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6️⃣ No Large Audits or Retroactive Premiums

Since your insurance premium is calculated on real-time payroll data, there’s no need for big, stressful audits at the end of the policy term. You’ll avoid unexpected retroactive adjustments and maintain accurate, predictable costs.

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7️⃣ Access to a Nationwide Network of Providers

While we specialize in the Tri-State area, our program gives you access to a national network of workers’ compensation carriers, healthcare plans, and payroll services. This means better pricing, better service, and a broader range of options tailored to your business’s unique needs.

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8️⃣ Simplified Compliance and Reporting

Navigating ever-changing state and federal labor laws can be daunting. Our team keeps your business compliant with workers’ compensation regulations, tax filings, OSHA reporting, and more — reducing legal risks and penalties.

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9️⃣ Streamlined Claims Management

In the unfortunate event of a workplace injury, our claims specialists work directly with injured employees, medical providers, and insurance carriers to expedite care and claims resolution. This keeps your business running smoothly and minimizes time-consuming claims management.

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🔟 Improved Employee Satisfaction and Retention

Employees appreciate timely paychecks, good health benefits, and a safe working environment. By offering a professional, well-managed back-office support system, you’ll improve morale, reduce turnover, and boost productivity.

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Types of Businesses That Benefit Most

We’ve helped countless Tri-State area businesses save time and money with this program — especially those in industries like:

• Construction & contracting

• Manufacturing & distribution

• Transportation & logistics

• Hospitality & food service

• Healthcare & home health services

• Staffing & temporary employment services

If you’ve ever struggled to find affordable workers compensation insurance for high-risk businesses, or been frustrated by high deposits and complicated audits, this program could be exactly what you need.

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Who We Are: BGES Group

At BGES Group, we’re not your typical insurance agency. We’re a specialized brokerage dedicated to helping small and mid-sized businesses in New York, New Jersey, and Connecticut access quality, affordable workers compensation coverage. With over 30 years of experience in the industry, we know the ins and outs of this market — and how to get our clients the best possible deals.

We work with contractors, property managers, healthcare providers, manufacturers, and dozens of other industries where finding reliable, reasonably-priced workers compensation insurance policies can be a challenge.

What sets us apart is our hands-on, concierge-level service. We don’t just quote you a price and disappear. We stay involved, offering ongoing support, policy management, claims assistance, and risk control advice throughout the life of your policy.

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Get in Touch Today

Ready to cut your business insurance expenses by up to 30% while simplifying your operations? Let’s have a conversation.

Contact Gary Wallach at:

BGES Group

📞 914-806-5853 – Gary Wallach

📧 bgesgroup@gmail.com

🌐 http://www.bgesgroup.com

We’ll provide a free, no-obligation review of your current workers compensation insurance policy, show you where you could save, and introduce you to a smarter way of managing your business.

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Final Thoughts

In today’s competitive environment, every dollar counts — and every minute saved from administrative headaches is one you can put back into growing your business. Don’t let high workers compensation insurance rates and complicated back-office processes drain your resources. Take advantage of this innovative program to lower costs, streamline operations, and offer better benefits to your employees.

BGES Group is ready to help you find a smarter, simpler, and more affordable way to run your business. Contact us today and discover what we can do for you.

In the fast-paced world of business ownership, few things cause more headaches than workers’ compensation insurance. For business owners in New York, New Jersey, and Connecticut, navigating the complexities of workers’ comp policies has become increasingly difficult in recent years. From skyrocketing premiums to claim management issues, staying compliant while keeping costs down can feel like a never-ending battle.

If you’ve recently Googled phrases like “how to lower workers’ comp insurance costs” or “best workers compensation insurance in New York”, you’re not alone. Business owners across the tri-state area are searching for answers — and thankfully, there are solutions. Let’s take a closer look at the five biggest problems local businesses are facing with their workers’ comp insurance, and how the specialists at BGES Group can help turn things around.

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Top 5 Workers’ Compensation Insurance Challenges for NY, NJ, and CT Business Owners

1. Rising Premiums and Unexpected Rate Increases

One of the biggest complaints from business owners today is the steady rise in workers’ comp insurance premiums. Many companies find themselves blindsided by sudden rate hikes at renewal time, often due to factors like increased payroll, claim frequency, or changes in classification codes. For contractors, manufacturers, and service providers especially, workers’ comp rates in New York, New Jersey, and Connecticut have been among the highest in the country.

Key Google search phrase: “why is my workers comp insurance so expensive?”

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2. Audits and Classification Code Errors

Insurance audits are a necessary evil in the world of workers’ comp. Unfortunately, many businesses discover costly mistakes in their classification codes or payroll reporting during audits. Misclassification can result in paying higher premiums than necessary — and correcting these issues after the fact can be a frustrating process.

Mistakes in classification are especially common in industries like construction, trucking, and hospitality, where job duties can vary widely.

Key Google search phrase: “workers comp audit help NY NJ CT”

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3. Claim Management Headaches and Fraud Concerns

Managing workers’ comp claims is another major source of stress. From dealing with paperwork delays to navigating complex return-to-work programs, claim management can quickly consume a business owner’s time and resources.

Even worse, fraudulent claims remain a concern. Business owners need experienced guidance to investigate suspicious claims and protect their businesses from unnecessary costs.

Key Google search phrase: “how to fight a workers comp claim in New York”

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4. Limited Market Access and Policy Non-Renewals

Many businesses, especially those with higher risk exposure or claim histories, struggle to find affordable coverage options. Several national carriers have pulled out of high-risk industries or regions, leaving business owners with few options — or facing policy non-renewals.

Without access to a broad network of carriers and programs, business owners can get stuck with unfavorable rates or reduced coverage limits.

Key Google search phrase: “find new workers comp insurance policy NY NJ CT”

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5. Navigating Complex State Regulations

Each state in the tri-state area has its own set of workers’ comp rules and requirements. New York, for instance, has notoriously strict coverage mandates for contractors, while Connecticut requires certain benefits and coverage specifics. For multi-state employers, staying compliant while managing different policy rules is a complex and often confusing task.

Key Google search phrase: “workers comp compliance rules for businesses in New Jersey”

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Meet BGES Group: The Workers’ Comp Insurance Problem Solvers

If you’re one of the many business owners frustrated with your current workers’ comp situation, it’s time to talk to the experts at BGES Group. Headquartered in New York, BGES Group specializes in helping businesses throughout New York, New Jersey, and Connecticut find affordable, customized workers’ compensation solutions — even if you’ve been dropped by your current carrier or labeled as “high-risk.”

What Does BGES Group Do?

• Market Access to Multiple Carriers: BGES Group works with a wide range of top-rated insurance carriers and specialty programs, including those willing to insure tougher industries like construction, trucking, and hospitality.

• Customized Coverage Solutions: Whether you’re a contractor needing proper classification codes or a retailer trying to lower premiums, BGES Group tailors insurance programs to fit your exact needs and risk profile.

• Audit and Claims Support: They help business owners avoid costly classification mistakes and guide them through the audit process. Plus, they offer proactive claims management advice and strategies to reduce the impact of open claims on your premiums.

• Competitive Pricing: Thanks to their strong relationships with carriers and program managers, BGES Group can secure competitive rates even in challenging markets — saving clients thousands annually.

• Responsive, Personal Service: Unlike large, impersonal insurance agencies, BGES Group is known for hands-on service, fast turnarounds, and honest advice. Business owners speak directly with experienced insurance specialists who understand the ins and outs of the tri-state market.

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Why Business Owners Trust BGES Group

For over 30 years, BGES Group has been a trusted partner to business owners across New York, New Jersey, and Connecticut. Their reputation for saving clients money, reducing claim headaches, and delivering straightforward, reliable service has made them one of the region’s go-to resources for workers’ comp insurance.

If you’ve ever typed “workers comp insurance quotes NY” into Google hoping for better options, you owe it to yourself to connect with BGES Group.

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Ready to Improve Your Workers’ Comp Situation? Contact BGES Group Today

Don’t let rising premiums, claim problems, or limited market access drain your business. Whether you’re looking for a new policy, a second opinion, or a comprehensive review of your current program, BGES Group is ready to help.

Contact Information:

BGES Group

Gary Wallach

Phone: 914-806-5853

Email: bgesgroup@gmail.com

Website: www.bgesgroup.com

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As a contractor, your insurance program isn’t just paperwork — it’s your protection, your license to operate, and often the reason you land that next big job. Yet, many contractors scramble at renewal time, wasting hours chasing down missing documents, or worse, leaving money on the table because their insurance broker didn’t have everything needed to shop for the best rates and coverage.

If you’ve ever typed “best insurance for contractors”, “contractor insurance checklist”, or “how to lower contractor insurance costs” into Google, you’re not alone. The good news? A little organization can go a long way toward getting you better pricing, stronger coverage, and a smoother renewal process.

Here are 10 smart ways contractors can organize their insurance records for maximum savings and protection:

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1️⃣ Create a “Founder File” on Your Computer

Start a master folder labeled something like “Contractor Insurance Records”. Inside, set up subfolders for:

• Active insurance policies

• Subcontractor certificates of insurance

• Hold harmless and indemnity agreements

• Safety manual and safety meeting notes

• Accident reports and claims history

• Driver lists and vehicle records

This will make pulling everything together for your broker at renewal time quick and painless.

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2️⃣ Keep a Copy of Every Policy and Endorsement

Don’t just rely on your broker to hold your policies. Keep digital and hard copies of your General Liability, Workers’ Compensation, Commercial Auto, Tools & Equipment, and Umbrella policies, along with all endorsements and exclusions. You never know when you’ll need to prove your coverage or challenge a claim decision.

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3️⃣ Track Subcontractor Certificates of Insurance

One of the fastest ways to get hit with higher premiums (or denied coverage) is by hiring uninsured or underinsured subs. Keep a Certificate of Insurance on file for every subcontractor, and update them annually. Make sure they name you as Additional Insured and include a Waiver of Subrogation where possible.

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4️⃣ Maintain a Driver List and Vehicle Schedule

If you have company vehicles or employees who drive for work, your Commercial Auto Insurance carrier will need an up-to-date list of drivers, license numbers, and vehicle information. Track any accidents or violations throughout the year, so you’re not caught off guard at renewal time.

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5️⃣ Save Completed Contractor Questionnaires

Each year, your broker may send a supplemental questionnaire for underwriting. Save a copy of every one you complete — you can easily update last year’s version, saving you time and ensuring consistency in your answers.

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6️⃣ Organize Hold Harmless and Indemnity Agreements

Keep all signed Hold Harmless Agreements and Indemnity Agreements from subs, vendors, and clients. These are often required by insurance carriers and can protect you from liability if something goes wrong on a jobsite.

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7️⃣ Keep a Digital Safety Manual on File

A well-documented safety manual not only keeps your employees safe but can also earn you discounts with certain insurance carriers. Update it annually and keep a copy in your Founder File.

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8️⃣ Document All Jobsite Incidents and Claims

Maintain a claims history file with details of every accident, injury, or property damage incident — even those not resulting in a claim. Carriers often ask for loss runs (claims history reports) at renewal, and being prepared will help you negotiate better terms.

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9️⃣ Log Completed Safety Meetings

Track and save sign-in sheets or meeting notes for all toolbox talks, jobsite safety meetings, and OSHA trainings. Demonstrating a strong safety culture can positively impact your premiums.

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🔟 Schedule an Annual Pre-Renewal Review

At least 60 days before your policy renews, sit down with your broker for a pre-renewal strategy meeting. Review your claims history, current coverage, upcoming projects, and any changes in your business. Being proactive can open up new markets and options you might have missed.

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Looking for Contractor Insurance That Actually Works for You?

That’s where BGES Group comes in. We’re specialists in contractor insurance, with decades of experience helping construction businesses get the coverage they need at pricing that makes sense. From New York construction insurance to Workers’ Compensation for contractors in New Jersey and Connecticut, we know how to protect your business.

We’ll help you:

• Review your current program

• Organize your insurance records

• Shop your renewal to multiple top-rated carriers

• Identify gaps in coverage and opportunities for savings

• Provide ongoing risk management advice and claims support

Whether you’re searching for “contractor insurance renewal help”, “best insurance broker for contractors”, or “how to lower my contractor insurance costs”, BGES Group is your go-to partner.

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Contact BGES Group Today!

📞 Gary Wallach – 914-806-5853

📧 bgesgroup@gmail.com

🌐 http://www.bgesgroup.com

Don’t wait until renewal time — let’s get your insurance organized and working for you now!

In the high-stakes world of construction, one mistake can lead to lawsuits, injuries, or massive financial loss. For New York contractors, where regulatory scrutiny is tight and job site risks are high, securing the right contractors insurance is more than just good business—it’s essential for survival.

At the center of any robust risk management strategy is General Liability Insurance (GLI). But while it’s a must-have, not all policies are created equal. Understanding what GLI covers—and what it doesn’t—is key to protecting your business, especially when working in New York’s challenging construction environment.

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General Liability Insurance: What’s Covered

General Liability Insurance provides protection against the most common risks faced on construction sites. Here’s what most standard policies will cover:

1. Bodily Injury

If someone (other than an employee) is injured on your job site—for example, a delivery person trips over a power cord or a falling object injures a pedestrian—your GLI will help pay for medical costs, legal fees, and settlements.

2. Property Damage

If your work damages someone else’s property—like accidentally cracking a neighbor’s foundation while excavating—GLI steps in to cover repair or replacement costs.

3. Legal Defense

Even if you’re not at fault, lawsuits can be expensive. GLI covers legal defense, court costs, and potential settlements if you’re sued over a covered claim.

4. Personal and Advertising Injury

Claims related to slander, libel, or copyright infringement tied to your advertising or business promotion may also be covered.

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What General Liability Insurance Does NOT Cover

Even the best GLI policy has exclusions. Understanding them can save you major headaches—and financial pain—down the line.

1. Faulty Workmanship

This is one of the most misunderstood exclusions in construction insurance. If your team installs drywall poorly and it needs to be redone, that’s considered a performance issue and is not covered by GLI. You’ll need Contractor’s Errors & Omissions (E&O) Insurance to address these gaps.

2. Employee Injuries

GLI does not cover injuries to your own employees. New York State requires employers to carry Workers’ Compensation Insurance, which handles job-related injuries to employees.

3. Damage to Your Work

If something goes wrong with your own completed work—like a roof you installed leaks—GLI won’t help. For protection, consider adding Completed Operations Coverage or a Contractor’s Warranty.

4. Tool and Equipment Loss

If your tools are stolen or damaged, GLI won’t help. You’ll need Inland Marine Insurance or Contractor’s Equipment Insurance for coverage.

5. Contractual Liability

If your contract contains indemnity clauses or hold harmless agreements, standard GLI may not fully protect you unless tailored endorsements are added.

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Customizing Coverage for High-Risk Construction Work

In New York, many construction jobs involve work at height, urban congestion, and compliance with laws like Labor Law 240 (Scaffold Law)—making the risk level extremely high. To ensure your insurance keeps pace with your exposure, you’ll want to customize your contractors insurance coverage.

1. Scaffold Law Coverage

Labor Law 240 imposes strict liability on contractors for fall-related injuries—even if you’re not at fault. Many insurance carriers limit or exclude coverage unless specifically endorsed. Always verify this with your broker.

2. Add Umbrella or Excess Liability

Basic policies may cap out at $1M per claim, but many projects—especially city or government contracts—require higher limits. Adding umbrella insurance or excess liability can give you the extra protection you need.

3. Secure Additional Insured Endorsements

If you subcontract or work under a general contractor, you’ll likely be asked to name them as an additional insured. Make sure your GLI policy allows for primary and non-contributory status, plus a waiver of subrogation.

4. Use Project-Specific Policies

If you’re working on a large or one-off project, it may make sense to create a dedicated GLI policy for that specific job—minimizing risk to your main business.

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Meet BGES Group: Your Insurance Partner for New York Construction

Finding the right contractors insurance in New York can be overwhelming, especially with so many exclusions, specialty laws, and aggressive legal claims. That’s where BGES Group comes in.

BGES Group is a New York-based insurance brokerage that specializes in helping contractors secure the right liability protection—at competitive rates. Whether you’re a general contractor, plumber, electrician, roofer, or demo specialist, BGES understands your risks and knows how to get you insured quickly and effectively.

What BGES Group Offers:

• ✅ Custom-tailored General Liability Insurance policies for New York contractors
• ✅ In-depth knowledge of Labor Law 240 and scaffold law coverage
• ✅ Access to A-rated insurance carriers who understand high-risk construction
• ✅ Help securing Workers’ Comp, Inland Marine, Commercial Auto, Excess Liability, and Umbrella Insurance
• ✅ Fast, responsive service to help you meet project bid deadlines
• ✅ Certificate delivery in under an hour for approved policies

Why Choose BGES Group?

• Over 30 years of experience working exclusively with contractors in New York
• Trusted by hundreds of small and mid-sized contractors across NYC and Long Island
• Proven ability to secure hard-to-place coverage for high-risk work
• Friendly, no-pressure consultations and policy reviews

When it comes to contractors insurance in New York, BGES Group is more than a broker—they’re a strategic partner invested in your success.

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Get Protected Today

Don’t wait until there’s a claim to find out your insurance doesn’t cover what you thought it did. Whether you’re launching a new project or just want a second opinion on your current policy, BGES Group is here to help.

Contact BGES Group Today:

📞 Phone: (914) 806-5853 – Gary Wallach

Email: bgesgroup@gmail.com

🌐 Website: www.bgesgroup.com

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Conclusion

General Liability Insurance is essential—but not enough on its own. As a New York contractor, you face a unique set of risks that demand tailored insurance solutions. From scaffold law claims to subcontractor exposure and contractual requirements, you need more than just a policy—you need a partner.

BGES Group offers the experience, market access, and commitment to help you navigate the complexities of contractors insurance in New York. Don’t go unprotected. Reach out today and secure the coverage your business needs to grow with confidence.

For many employers, workers’ compensation is a set-it-and-forget-it type of insurance. Once the annual premium is paid, it often fades into the background until renewal time rolls around. But waiting until renewal to focus on controlling costs is a costly mistake—especially for a policy as loss-sensitive as workers’ comp.

Since claims can remain open and be paid out over decades, proactive and strategic management throughout the year is essential. A key strategy in keeping your workers’ comp costs in check is conducting quarterly claims reviews—especially in the critical early stages of your policy year.

Why Three Months In Matters

Three months after your policy starts is a pivotal milestone. This is the sweet spot for reviewing open claims and reserves before the data is submitted to your state’s rating bureau for the calculation of your Experience Modification Factor (X-Mod).

This submission happens six months after your policy anniversary and includes:

• Total claims paid
• Projected future costs (reserves)

For example, if your policy renewed on January 1, 2025, the X-Mod calculation will be based on loss experience from:

• 1/1/2021 to 12/31/2021
• 1/1/2022 to 12/31/2022
• 1/1/2023 to 12/31/2023

The most recent year (2024) is excluded because it’s too recent to provide reliable data.

By conducting a review at the three-month mark, you have a valuable window to resolve open claims, reduce reserves, and potentially lower your X-Mod—which directly impacts your premium costs.

Focus on Reserves: The Art Behind the Numbers

One of the most misunderstood—and impactful—components of workers’ comp pricing is claim reserves. These are not simply estimates; they represent what the insurer expects to spend to settle a claim, including medical costs, lost wages, and more.

However, reserve-setting is more art than science. If a claim’s reserve is set too high, it inflates your losses and can drive up your premium. This is why accurate, timely reviews are essential.

Encourage your adjusters to:

• Reassess medical status updates
• Account for return-to-work progress
• Adjust projections when conditions improve

Settling claims early, where appropriate, or bringing employees back on modified duty are powerful tools for managing costs.

Don’t Stop at Three Months

While the six-month “valuation date” is when your insurer reports losses to the rating bureau, proactive employers don’t stop there. Conducting another review at the nine-month mark gives you an opportunity to:

• Address any remaining issues
• Push for settlements on stagnant claims
• Make final adjustments before the next renewal cycle

This ongoing diligence helps avoid surprises and keeps your premium under control.

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Partner with BGES Group for Smarter Workers’ Comp Strategies

At BGES Group, we specialize in helping businesses reduce their workers’ comp costs through hands-on claims management, strategic planning, and expert guidance. Our team monitors key policy milestones, collaborates with adjusters, and ensures your reserves and claims are reviewed accurately and proactively.

Let us help you take control of your workers’ comp insurance—not just at renewal, but all year round.

📞 Contact Us Today
Phone: (914) 806-5853 – Gary Wallach
Email: bgesgroup@gmail.com
Website: www.bgesgroup.com

Navigating the complexities of New York State workers’ compensation rules can be a daunting task for employers, especially those in construction, manufacturing, and other high-risk industries. Whether you’re a general contractor, small business owner, or managing subcontractors, understanding your obligations under the law is essential. Failing to comply can result in steep penalties, legal issues, and business disruption.

In this guide, we’ll break down who must be covered under New York workers’ compensation insurance, the penalties for non-compliance, how to avoid them, and how BGES Group, a leading New York insurance agency, can help you stay protected and compliant.

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Who Must Be Covered Under New York Workers’ Compensation Insurance?

New York State requires almost all employers to provide workers’ compensation insurance coverage for their employees. This rule applies regardless of the number of employees or whether they work part-time or full-time.

Here’s who must be covered:

• Employees: All full-time and part-time workers.
• Day laborers: Temporary hires for one-off jobs must be covered.
• Leased and borrowed employees: If you use a staffing agency, those workers still need coverage.
• Family members: If they are employed by the business, even unpaid.
• Domestic workers: Employed 40 or more hours per week.
• Volunteers: In certain organizations, especially municipalities or non-profits.

Subcontractors and Independent Contractors

Many employers are unaware that subcontractors and independent contractors may also need to be covered under your policy. In New York, if a subcontractor does not have their own valid workers’ compensation policy, the responsibility for coverage falls on the hiring contractor.

This means that:

• You must obtain and keep records of Form C-105.2 or CE-200 to prove a subcontractor has their own insurance.
• Without proof, your insurance carrier and the Workers’ Compensation Board may treat those subcontractors as your employees.
• You could face higher premiums, audits, or penalties for unreported workers.

To protect your business, always verify the workers’ compensation status of any subcontractor before work begins.

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Penalties for Non-Compliance with Workers’ Comp Laws

The New York State Workers’ Compensation Board takes non-compliance very seriously. If you fail to provide proper coverage, you could face:

1. Financial Penalties

• $2,000 per 10-day period of non-compliance, per employee, even if no injury occurred.
• These penalties can accumulate quickly, reaching tens of thousands of dollars.

2. Legal Consequences

• Operating without insurance is considered a misdemeanor or even a felony, depending on the situation.
• Business owners and officers can be held personally liable.

3. Stop-Work Orders

• The state can issue a Stop Work Order (SWO) that halts your operations until proper coverage is provided.
• This can lead to missed deadlines, damaged reputation, and lost revenue.

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How to Avoid Penalties and Stay Compliant

Avoiding penalties comes down to knowledge, organization, and partnering with the right insurance provider. Here are the steps to stay compliant:

1. Purchase a valid workers’ compensation insurance policy that reflects your current number of employees and job classifications.
2. Verify coverage for any subcontractors and keep documentation.
3. Stay on top of audits. Carriers perform audits to ensure payroll and classifications are accurate. Report any changes immediately.
4. Renew policies on time and never allow coverage to lapse.
5. Work with a knowledgeable insurance agency, like BGES Group, that specializes in workers’ comp insurance in New York and knows how to protect your business.

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Why Choose BGES Group for Workers’ Compensation Insurance in New York?

At BGES Group, we specialize in helping New York businesses navigate the complex world of workers’ compensation insurance. With over 45 years of experience, we are industry experts who understand the nuances of New York’s workers’ comp laws, particularly for contractors, subcontractors, and small businesses.

Here’s What We Do:

• Provide custom-tailored workers’ comp insurance policies to fit your unique needs and budget.
• Help you correct misclassifications that may be inflating your premiums.
• Offer solutions for high-risk businesses that may have difficulty finding affordable coverage.
• Assist in proving subcontractor coverage to avoid penalties and misclassification issues.
• Represent you during insurance audits to ensure you’re treated fairly.
• Work with top-rated insurance carriers that understand New York’s regulatory environment.

Our goal is simple: Save you money, protect your business, and keep you compliant.

We also help businesses:

• Lower their Experience Modification Rate (EMR)
• Get help if they’ve been non-renewed or canceled
• Find solutions for businesses with claims history or coverage gaps

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Contact Information

BGES Group Your Trusted Partner for New York Workers’ Compensation Insurance

📍 Contact: Gary Wallach

📞 Phone: (914) 806-5853

📧 Email: bgesgroup@gmail.com

🌐 Website: www.bgesgroup.com

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Final Thoughts

Staying compliant with New York State workers’ compensation laws is not optional—it’s a legal requirement that protects both your business and your employees. Whether you’re trying to get your first policy or need help navigating audits, classifications, or penalties, BGES Group is here to help.

If you’re a New York contractor, you already know how critical it is to have proper insurance coverage in place. Between job site risks, client demands, and legal requirements, carrying a solid Commercial General Liability (CGL) policy is non-negotiable. Many contractors in New York work with excess and surplus lines (E&S) insurance companies because of the nature of their projects — whether it’s high-risk work, specialized trades, or past claims history that makes standard coverage difficult to secure.

But there’s one thing most contractors struggle with when dealing with these E&S policies: the hefty up-front premiums.

If this sounds like you, we’ve got great news.

There’s now a way for you to finance your Commercial General Liability policy on a pay-as-you-go basis. No more large down payments eating into your cash flow, no more worrying about quarterly installments — you can now pay for your insurance in smaller, manageable amounts as you earn.

And that’s not all — we can also help you with all kinds of construction insurance loans. Whether you need to finance a new policy, cover a renewal premium, or handle a midterm adjustment that comes with an unexpected additional cost, we’ve got the resources to keep your business moving without draining your working capital.

Let’s break down how this works, why it makes sense for your business, and how you can get started.

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The Challenge with E&S General Liability Policies

Excess and Surplus Lines insurance companies fill an essential role in the marketplace, providing coverage when standard carriers won’t. But with that flexibility often comes stricter payment terms.

Most E&S insurers require either the full annual premium up front or, at best, a large down payment (25% to 35%) followed by monthly payments. For a contractor with a $30,000 general liability policy, that could mean shelling out $7,500 to $10,500 up front.

That kind of outlay can disrupt your cash flow, especially during slower seasons or when you’re waiting for invoices to be paid.

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The Solution: Pay-As-You-Go Financing

BGES Group is proud to announce we now work with a finance company that specializes in pay-as-you-go insurance financing. This means you can spread the cost of your policy over the course of the year and align your payments with your cash flow.

Here’s how it works:

• No large down payment required.

• You pay as you go — typically on a monthly basis, based on your actual payroll or a fixed agreed schedule.

• The finance company pays your insurance premium in full to the carrier on your behalf.

• You repay the finance company in easy installments, keeping more cash in your pocket to run your business.

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An Example of How It Would Work

Let’s say you’re a contractor in New York with a $25,000 annual Commercial General Liability policy through an E&S carrier.

Without financing:

• 25% down payment: $6,250 due immediately

• 9 monthly payments of $2,083.33

With pay-as-you-go financing:

• $0 down or a minimal processing fee

• Monthly payments spread out over 12 months: $2,083.33 or less depending on structure

• Align payments with your payroll cycles or agreed fixed dates

This structure not only improves your cash flow but also makes managing your insurance expenses much easier and more predictable.

And here’s the best part — if your business has seasonal ups and downs or if you land a large job, you’re not tied to rigid payment structures. The pay-as-you-go model gives you the flexibility to adjust your payments as your business moves.

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We Can Also Help You with All Kinds of Construction Insurance Loans

In addition to pay-as-you-go financing for liability and workers’ comp policies, BGES Group offers assistance with construction insurance loans. These are flexible, quick-approval financing options that cover a range of insurance-related expenses, including:

• Premium financing for new policies

• Renewal premium loans

• Audit premium loans (if you get hit with an unexpected balance at audit time)

• Coverage expansion costs (when a big project requires increased limits)

• Builders risk policy loans for ground-up construction projects

Whatever your insurance financing need, we can help you secure a loan tailored to your business and payment preferences. It’s another way we work to keep contractors on track, fully covered, and financially flexible.

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Workers’ Compensation Coverage Financing Too!

We don’t stop at General Liability.

BGES Group also offers workers’ compensation coverage for New York contractors, and yes — we can finance those policies too.

Many contractors find workers’ comp premiums especially difficult to manage because of rising rates and increased claims activity in the construction industry. By financing your workers’ comp policy on a pay-as-you-go basis, you only pay for what you need, when you need it.

We can work off actual payrolls, which reduces your chances of a big audit bill at year’s end and allows your premiums to fluctuate with your business volume.

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Why Contractors Trust BGES Group

BGES Group isn’t just another insurance agency — we’re specialists in construction insurance. We understand the unique needs, challenges, and exposures of contractors working in New York’s fast-paced, high-risk environment.

For over 45 years, we’ve been helping contractors secure the coverage they need at rates they can afford. We have relationships with top-tier insurance carriers, including those in the E&S market, and now, with our pay-as-you-go financing solution and construction insurance loans, we’re offering contractors even more control over their insurance expenses.

We help with:

• Commercial General Liability

• Workers’ Compensation

• Umbrella/Excess Liability

• Contractor’s Equipment

• Builders Risk

• Professional Liability for Design-Build Contractors

• Commercial Auto

• Construction Insurance Loans & Premium Financing

And now, we’re making it easier for contractors to stay protected without tying up valuable cash flow.

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Contact BGES Group Today

If you’re a New York contractor currently insured with an excess and surplus lines carrier — or if you’re looking for more affordable and flexible insurance options — we’d love to hear from you.

Let us show you how much easier it can be to manage your insurance payments while keeping your business protected.

Contact Gary Wallach at BGES Group:

Phone: 914-806-5853 – Gary Wallach

Email: bgesgroup@gmail.com

Website: http://www.bgesgroup.com

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Don’t let large insurance premiums disrupt your business. Take advantage of our pay-as-you-go financing solutions and construction insurance loan options today and keep your cash flow working for you.

Your projects won’t wait — and neither should you. Call us now!