Lowering Insurance Premiums for New York Contractors with BGES Group
BGES Group: Empowering Roofers with an Exceptional Workers’ Compensation Program
Roofing can be a hazardous profession, with workers exposed to various risks on a daily basis. As such, having a comprehensive workers’ compensation program is essential for both employers and employees. The BGES Group, renowned for its commitment to providing tailored insurance solutions, has emerged as a trusted partner in offering an outstanding workers’ compensation program specifically designed to meet the needs of roofers. This article explores the key features that make the BGES Group’s workers’ compensation program stand out, including competitive pricing, coverage stability, payroll-based premium adjustments, easy audits, proper payroll classifications, multi-state coverage, immediate certificate issuance, and the convenience of a single point of contact.
1. Competitive Pricing:
One of the primary advantages of the BGES Group’s workers’ compensation program is its competitive pricing. Roofing businesses often face budgetary constraints, and the BGES Group understands the importance of affordability without compromising on coverage. By providing cost-effective solutions, the BGES Group empowers roofers to focus on their core operations with peace of mind.
2. Coverage Stability:
The stability of insurance coverage is crucial for roofing companies, as it ensures uninterrupted protection for employees in the event of accidents or injuries. The BGES Group’s workers’ compensation program offers robust and dependable coverage, safeguarding both employers and workers from unforeseen circumstances.
3. Premium Increases and Decreases Based on Monthly Payrolls:
BGES Group’s workers’ compensation program features a unique premium adjustment system, which fluctuates based on monthly payrolls. This flexible approach allows roofing businesses to adjust their premiums as per their financial situation, preventing overpaying during lean months and ensuring adequate coverage during peak seasons.
4. Easy Audits:
Keeping track of payroll records and undergoing audits can be time-consuming for roofers. However, the BGES Group streamlines this process with its easy-to-manage audits, reducing paperwork and administrative burden for roofing businesses.
5. Proper Payroll Classifications:
Accurate payroll classifications are essential for determining the appropriate workers’ compensation rates. The BGES Group’s program ensures that roofers’ payrolls are classified correctly, preventing potential errors that could lead to under- or over-payment of premiums.
6. No Renewal Deposits:
In traditional insurance programs, renewal deposits can be an added financial burden for roofing companies. With the BGES Group’s workers’ compensation program, roofers can benefit from the absence of renewal deposits, further enhancing affordability and easing cash flow management.
7. Coverage Across Multiple States:
For roofing businesses operating across state lines, navigating varying workers’ compensation regulations can be challenging. The BGES Group’s program offers coverage that extends to multiple states, simplifying compliance and ensuring seamless protection, regardless of geographical boundaries.
8. Immediate Issuance of Certificates:
BGES Group prioritizes efficiency and customer service, and this is evident in its immediate issuance of certificates. This quick turnaround time allows roofers to start their projects promptly, eliminating delays caused by insurance paperwork.
9. Single Point of Contact:
Dealing with a single point of contact is a significant convenience offered by the BGES Group. Roofing companies can rely on a dedicated representative who understands their unique needs and can provide personalized assistance throughout the policy term.
Roofing businesses face inherent risks that require comprehensive workers’ compensation coverage. The BGES Group stands out as an industry leader in offering roofers a top-tier program that boasts competitive pricing, coverage stability, flexible premium adjustments, easy audits, accurate payroll classifications, and multi-state coverage. Furthermore, the BGES Group’s commitment to efficiency and customer service, such as immediate certificate issuance and a single point of contact, ensures a seamless experience for roofing companies seeking the best protection for their workforce. With the BGES Group by their side, roofers can focus on their projects with the confidence that they are backed by a reliable and dedicated insurance partner.
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, located in Larchmont, N.Y. are New York Construction Insurance Specialists that represent 50+ companies and all the BEST general & umbrella liability programs! We offer every coverage you need including property, builders risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability and group health. We are extremely responsive, responsible, trustworthy, fast, minimize your insurance headaches, we don’t charge ridiculous policy or service fees and when you call, text or email, whatever time of day, even weekends, we are ARE THERE to help YOU!
BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being cancelled, losses causing difficulty getting coverage, in the middle of an audit dispute, payrolls misclassified, whatever your issue, we can help! We have special programs for: Auto Service, Contractors (especially New York), Limousine Services, Logistic Companies, Manufacturers, Recyclers, Truckers, we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that if we can get you in, their pricing is excellent, offers long-term coverage stability and can cover multi-state operations. Program takes the hassle out of doing annual audits too.
In addition, we offer all personal insurance coverages including home, auto, boat, jewelry, fine arts, life, disability, health and long-term care. When was the last time you got a complete check up for all your coverage needs? We are extremely caring and would love the chance to help you with your personal insurance needs.
BGES Group is an insurance agency whose owner is very responsible, responsive, offers boutique, very personal service and is ALWAYS there when you need him most!
We know reading an article we post or getting an email is not the best way to consider working with someone. If you are interested, go read our “Google Reviews” and see what people have to say about us! That can give you the comfort level needed to contact us.
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 – 2023 – BGES Group
Don’t Get Caught Holding Bag in Multi-Employer Construction Projects
Large construction projects involving multiple contractors are ripe for claims and if your company is involved in such an enterprise, one of your top priorities needs to be risk mitigation.
With the specter of property damage, material losses and workplace injuries looming large, especially when there is more than one employer on a site, it is imperative that all parties hash out responsibilities and insurance issues prior to the project starting
All the parties need to discuss openly risk-transfer strategies in their contracts to limit their liability for claims and adopt procedures for handling the anticipated risks. You should cover contractor waivers of subrogation and reciprocal insurance requirements.
Insurance requirements
If you’re concerned about the insurance implications, discuss the matter with us or your broker.
Start by brainstorming about possible claims that may arise during the project. After you’ve come up with that list, it will be easy to identify the types of insurance you’ll need.
A short list would likely include:
- Builder’s risk insurance
- Commercial general liability insurance
- Workers’ compensation coverage
- Professional liability insurance
- Property insurance.
Depending on the project, though, specialized types of insurance may also be required.
Once you’ve finalized the list, the parties can negotiate who can get the best rate for coverage that is available to more than one party.
In the event of catastrophic liability claims, commercial umbrella insurance provides a broader level of coverage beyond the scope of the coverage provided by underlying commercial property and liability insurance policies.
When losses exceed the coverage limits of standard business auto, business property or commercial general liability (CGL) policies, commercial umbrella policies take effect to cover the balance (subject to policy limits and other conditions).
Property owners have filed countless lawsuits against contractors, subcontractors and suppliers, alleging damages arising out of construction defects. These contractors have often tendered claims under their CGL policies.
These insurance claims have been litigated ad nauseum and the emerging consensus appears to be that construction-defect claims are generally not covered under CGL policies.
Waivers of subrogation
A waiver of subrogation provision transfers liability for a claim to another party’s insurance.
These waivers are intended to reduce litigation that might otherwise arise when an insurer feels another party was fully or partially responsible for the claim.
With a waiver, an insurer only has rights against its policyholder. If the policyholder has contractually waived subrogation to a subcontractor, the insurer generally cannot use subrogation to recover its payment for a loss from the contractor.
Waivers of subrogation promote economic efficiency because only one party needs to insure a particular risk. Addressing these issues upfront in your contract is the first step to controlling the financial impact to all parties involved.
Wrap-ups
Large construction projects are becoming more difficult to finance because of increasing costs, lack of control and rising litigation. In recent years, wrap-up insurance programs have been used to help decrease the cost of construction while making the project economically safer.
In a wrap-up, the project owner furnishes a single insurance program for all parties involved in the project for the duration of the project. This insurance relates to the exposures of the project and protects the project owner, contractor and all tiers of subcontractors.
Most wrap-ups include workers’ comp, general and excess liability, and builder’s risk coverages (auto liability and contractors equipment are not included). Wrap-ups can include project architects/engineers errors and omissions coverage and other optional coverages.
Wrap-ups on large construction projects can be either owner-controlled or contractor-controlled. Owner-controlled wrap-ups account for about 90% of the wrap-up programs currently being performed in the U.S.
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, located in Larchmont, N.Y. are New York Construction Insurance Specialists that represent 50+ companies and all the BEST general & umbrella liability programs! We offer every coverage you need including property, builders risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability and group health. We are extremely responsive, responsible, trustworthy, fast, minimize your insurance headaches, we don’t charge ridiculous policy or service fees and when you call, text or email, whatever time of day, even weekends, we are ARE THERE to help YOU!
BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being cancelled, losses causing difficulty getting coverage, in the middle of an audit dispute, payrolls misclassified, whatever your issue, we can help! We have special programs for: Auto Service, Contractors (especially New York), Limousine Services, Logistic Companies, Manufacturers, Recyclers, Truckers, we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that if we can get you in, their pricing is excellent, offers long-term coverage stability and can cover multi-state operations. Program takes the hassle out of doing annual audits too.
In addition, we offer all personal insurance coverages including home, auto, boat, jewelry, fine arts, life, disability, health and long-term care. When was the last time you got a complete check up for all your coverage needs? We are extremely caring and would love the chance to help you with your personal insurance needs.
BGES Group is an insurance agency whose owner is very responsible, responsive, offers boutique, very personal service and is ALWAYS there when you need him most!
We know reading an article we post or getting an email is not the best way to consider working with someone. If you are interested, go read our “Google Reviews” and see what people have to say about us! That can give you the comfort level needed to contact us.
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 – 2023 – BGES Group