Workers’ Compensation Insurance is a vital safeguard for businesses and employees alike. In New York State, it’s not just a legal requirement—it’s an essential layer of protection against unforeseen circumstances. This article will explore what workers’ compensation insurance covers, its benefits, employer liability insurance, and why BGES Group stands out as one of New York State’s leading specialists in this field.

What Does Workers’ Compensation Insurance Cover in New York State?

Workers’ compensation insurance in New York provides financial and medical benefits to employees who suffer injuries or illnesses arising out of and in the course of their employment. Here’s what it typically covers:

1. Medical Expenses:

• Covers hospital bills, doctor visits, surgeries, physical therapy, prescription medications, and any other necessary medical treatments related to the injury or illness.

2. Lost Wages:

• Compensates employees for a portion of their lost income during recovery.

• Payments are calculated as two-thirds of the employee’s average weekly wage, up to the maximum weekly benefit set by the New York State Workers’ Compensation Board.

3. Disability Benefits:

• Temporary Partial Disability (TPD): Benefits for employees who can work but only in a reduced capacity.

• Temporary Total Disability (TTD): For employees who cannot work temporarily.

• Permanent Partial Disability (PPD): Covers long-term impairments.

• Permanent Total Disability (PTD): Compensation for injuries rendering employees permanently unable to work.

4. Death Benefits:

• Provides financial support to dependents of an employee who dies due to a work-related injury or illness.

• Includes funeral and burial expenses up to $12,500 in New York City and $10,500 elsewhere in the state.

5. Vocational Rehabilitation:

• Assistance with retraining or re-entering the workforce if an employee cannot return to their previous job.

Benefits of Workers’ Compensation Insurance

Workers’ compensation insurance benefits employees and employers by ensuring a fair resolution to workplace injuries. Below are the key advantages:

For Employees:

• Prompt medical attention and coverage.

• Financial security during recovery.

• Reduced need for litigation to receive benefits.

For Employers:

• Compliance with state laws, avoiding fines and penalties.

• Protection from most employee injury-related lawsuits.

• Preservation of employee morale by demonstrating care and accountability.

Details on Wage Replacement and Deductibles

In New York State, wage replacement benefits vary based on the severity of the injury:

• Temporary Disability: Two-thirds of the employee’s average weekly wage, capped at the maximum benefit set annually by the state. For 2024, the maximum benefit is $1,145.43 per week.

• Duration of Benefits: Payments continue as long as the employee is unable to work, up to the limits outlined for temporary or permanent disability categories.

Unlike some insurance types, workers’ compensation policies generally do not include deductibles for employees seeking care or wage replacement.

Employer’s Liability Insurance: What Does It Cover?

Employer’s liability insurance is often bundled with workers’ compensation coverage. It protects employers against lawsuits filed by employees for workplace injuries not fully covered by workers’ compensation. Here’s what it includes:

1. Third-Party Claims:

• If an injured employee sues a vendor or contractor, and the contractor sues the employer for negligence, employer’s liability insurance steps in.

2. Loss of Consortium Claims:

• Covers lawsuits from family members of injured employees for the loss of companionship or support.

3. Dual Capacity Claims:

• Protects employers if employees claim injuries due to a product or equipment provided by the employer.

4. Cross-Liability Claims:

• Protects against legal actions between employees and employers under certain conditions.

Employer’s liability insurance limits typically range from $100,000 to $1 million per occurrence, depending on the policy.

Why BGES Group is Your Workers’ Compensation Specialist

At BGES Group, we pride ourselves on being one of New York State’s top workers’ compensation specialists. Here’s why businesses across various industries trust us:

1. Customized Programs for Every Industry:

We offer tailored workers’ compensation insurance programs for contractors, auto services, manufacturers, truckers, limousine services, moving and storage agents, and higher-risk contractors like asbestos removal and roofing.

2. Comprehensive Services:

• Beyond insurance, we provide payroll services and group health insurance as part of a holistic risk management approach.

• Nationwide assistance is available for contractors, with a dedicated manager to ensure personalized support outside the Tri-State area.

3. Expertise You Can Count On:

With decades of experience, we understand the nuances of New York State labor laws and workers’ compensation requirements, ensuring you stay compliant and protected.

4. Boutique-Like Service:

We offer the personal touch of a boutique agency, providing competitive pricing and unmatched attention to detail.

5. Proven Track Record:

Our clients consistently praise our dedication and expertise, as seen in our glowing Google reviews.

Contact BGES Group for Your Workers’ Compensation Needs

Whether you’re a small business owner or managing a large operation, workers’ compensation insurance is critical to your success. Let BGES Group help you navigate this essential coverage and find the best solutions for your industry.

For assistance, contact Gary Wallach at:

• Phone: 914-806-5853

• Email: bgesgroup@gmail.com

• Website: www.bgesgroup.com

At BGES Group, we’re not just insurance providers; we’re your partners in protecting your workforce and business. Reach out today to experience the BGES Group difference.

An allegedly Chinese state-sponsored hacker campaign dubbed “Salt Typhoon” has infiltrated major cell phone providers, including AT&T and Verizon, potentially exposing your company’s communications to threat actors.

The attack has been described as the most significant telecommunications hack in U.S. history. While the breach is alarming for individuals, the implications for businesses are profound and demand immediate attention.

What is Salt Typhoon?

Salt Typhoon is a sophisticated cyber-espionage operation allegedly orchestrated by the Chinese government. The campaign has targeted vulnerabilities in telecom providers’ infrastructure to access text messages, monitor communications and extract sensitive metadata.

The ongoing breach has affected at least eight major U.S. telecom companies and poses a severe threat to national security and corporate privacy.

Potential dangers to businesses

1. Exposure of sensitive information
   
   Text messages often contain business-critical details, such as contracts, client discussions, or even login credentials. If these communications are intercepted, companies risk financial loss, reputational damage and legal consequences.
2. Corporate espionageCompetitors or foreign entities gaining access to a company’s internal strategies could result in lost market advantages or intellectual property theft.
3. Regulatory and legal repercussionsMany industries are subject to strict data protection laws. A breach exposing customer or employee information could lead to fines and legal actions under regulations such as GDPR or CCPA.
4. Erosion of trustBusiness partners and clients may lose confidence in a company’s ability to safeguard information, leading to strained relationships and loss of business opportunities.

Government warning

In response to the Salt Typhoon campaign, the U.S. government issued strong recommendations for using end-to-end encrypted communication platforms.

Unlike standard text messaging or phone calls, end-to-end encryption ensures that only the sender and recipient can read the messages, preventing interception even if a network is compromised.

Apps like WhatsApp and Signal, and corporate platforms such as Microsoft eams and Zoom with encryption features have been singled out as secure alternatives. In contrast, traditional SMS and non-encrypted messaging services remain vulnerable.

For businesses, adopting these recommendations is a necessity. The FBI and the Cybersecurity and Infrastructure Security Agency have emphasized that sensitive communications must migrate to encrypted platforms to mitigate risks from ongoing cyber threats.

Protecting your firm

Protecting your business from the fallout of attacks like Salt Typhoon requires a multi-layered approach. Here are some critical steps:

• Use encrypted messaging: In light of the official recommendations above, shift all internal and external communications to end-to-end encrypted platforms such as Signal or WhatsApp, or enterprise solutions with encryption features.
• Eliminate SMS-based authentication: Avoid using text-based, one-time passwords for authentication; instead, deploy hardware security keys or app-based authenticators.
• Update systems regularly: Ensure all devices and software are updated to patch known vulnerabilities.
• Train employees: Conduct regular cyber-security training to educate employees about phishing, secure communications and device management.
• Limit data access: Implement least-privilege access controls to restrict sensitive data to only those who need it.
• Conduct security audits: Regularly audit your infrastructure for vulnerabilities. Engage third party experts to perform penetration tests and simulate attacks to identify and address weak points.

Finally, you should have in place a robust cyber-insurance policy, which can help mitigate the financial impact of a breach. A comprehensive policy should cover:

• Forensic investigations
• System remediation and restoration
• Legal and regulatory compliance
• Business interruption losses.

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

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

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

Are you a Tri-State business owner tired of dealing with frustrating workers’ compensation insurance problems? BGES Group specializes in solving the challenges others can’t, offering expert solutions and access to over 15 top-rated insurance carriers. Here’s how BGES Group can help:

10 Problems BGES Group Can Solve for Tri-State Business Owners

1. High Rates

Are your workers’ compensation premiums skyrocketing? BGES Group will shop your policy with multiple carriers to secure the most competitive pricing available.

2. Large Additional Premium Bills Due to Audits

Tired of surprise bills after your audit? We help you prevent audit issues by ensuring accurate payroll classifications and proactive policy management.

3. Sick of Invasive Annual Audits

Annual audits can be intrusive and stressful. BGES Group simplifies the process, helping you navigate audits efficiently while reducing stress.

4. Policy Cancellations or Non-Renewals

Facing cancellation or non-renewal? BGES Group works quickly to find you a reliable carrier and avoid coverage gaps that could disrupt your business.

5. Payroll Misclassification Issues

Payroll misclassifications lead to unnecessary costs. Our specialists ensure your payroll is classified correctly, potentially saving you thousands.

6. Need Out-of-State Coverage

Does your current carrier restrict out-of-state operations? BGES Group offers solutions for businesses requiring workers’ comp coverage across state lines.

7. Delays in Getting Certificates

Waiting forever for certificates of insurance? Our streamlined process ensures you receive certificates quickly, so your business isn’t delayed.

8. Poor Claims Service

When you have a claim, do you feel neglected? BGES Group partners with carriers known for their superior claims handling and responsiveness.

9. Extra Policy and Service Fees

Some brokers tack on unnecessary fees. At BGES Group, transparency is key—no hidden charges or unwarranted service fees.

10. Unhappy with Your Payroll Workers’ Compensation Company

Unsatisfied with your current payroll and workers’ comp setup? BGES Group offers specialized programs that combine payroll services and workers’ compensation insurance to better suit your business needs.

Why BGES Group?

We are workers’ compensation specialists with over 15 top carriers, enabling us to solve issues that other brokers cannot. Whether you’re a contractor, manufacturer, trucking company, or operate in another industry, our expertise and boutique-like service set us apart.

Keywords for Workers’ Compensation Insurance Searches

• Workers’ compensation insurance specialists

• Best workers’ comp insurance companies

• Competitive workers’ compensation rates

• Workers’ compensation for contractors

• Tri-State business insurance solutions

• Affordable workers’ compensation policies

Contact BGES Group Today

Don’t let workers’ compensation challenges hold your business back. Contact Gary Wallach today to learn how we can provide better coverage at competitive pricing.

Phone: 914-806-5853

Email: bgesgroup@gmail.com

Website: www.bgesgroup.com

As a New York contractor, your business vehicles are not just transportation—they are critical tools that support your daily operations. Protecting them with the right business auto insurance is essential for mitigating risks and safeguarding your bottom line. When purchasing coverage, you’ll need to consider the types of protection and limits that ensure adequate financial security in the event of an accident or other mishap.

Below, we explore the key coverages and limits contractors should prioritize, including additional options that can provide peace of mind. We also address the importance of conducting due diligence on drivers to avoid future complications.

1. Essential Coverages for Business Auto Insurance

a. Liability Coverage

Liability insurance is the cornerstone of any auto policy. It covers bodily injury and property damage that you or your employees cause while operating a business vehicle.

• Recommended Limits: New York contractors should aim for at least $1,000,000 combined single limit (CSL). For larger contractors or those working on higher-risk projects, higher limits may be necessary to meet contractual requirements or protect assets.

b. Uninsured Motorist (UM) Coverage

This coverage steps in if you or your employees are injured in an accident caused by a driver without insurance. In a state like New York, where uninsured drivers still pose a risk despite mandatory insurance laws, UM coverage is vital.

• Recommended Limits: Match your liability limits, ensuring sufficient protection for severe injuries or accidents.

c. Underinsured Motorist (UIM) Coverage

If an at-fault driver has insurance but their policy limits are too low to cover all damages, UIM coverage bridges the gap. This is particularly important for contractors who may face significant medical or repair costs after an accident.

d. No-Fault (Personal Injury Protection) Coverage

In New York, no-fault insurance—also called Personal Injury Protection (PIP)—is mandatory. It covers medical expenses, lost wages, and other costs for you and your passengers, regardless of who caused the accident.

• Minimum Requirement: $50,000 in PIP coverage is required by law, but higher limits may be advisable to protect against escalating medical costs.

2. Additional Coverages to Consider

a. Drive Other Car (DOC) Coverage

If you or your employees occasionally drive personal, rented, or borrowed vehicles for business purposes, DOC coverage extends your business auto policy to protect against liability and physical damage in those situations.

b. Full Glass Coverage

Contractors often face broken windows or windshields due to job site debris or vandalism. Full glass coverage ensures repairs or replacements are covered without a deductible, saving both time and money.

c. Rental Reimbursement

If a business vehicle is out of service due to an accident, rental reimbursement provides funds to rent a temporary replacement. For contractors, keeping operations running without interruption is critical, making this an essential add-on.

d. Towing and Roadside Assistance

Breakdowns happen, and towing larger vehicles can be costly. Towing and roadside assistance coverage ensures you’re not left footing the bill for towing, tire changes, or jump-start services.

3. The Importance of Driver Screening

When hiring employees with driving responsibilities, it’s crucial to conduct thorough background checks, including pulling their Motor Vehicle Report (MVR). The MVR provides a detailed driving history, allowing you to assess the applicant’s risk level.

Why This Matters:

• High-Risk Drivers: Hiring someone with a poor driving record can make your business a high-risk account for insurers, resulting in significantly higher premiums or even difficulty securing coverage.

• Claims Risk: Employees with a history of accidents or violations are more likely to be involved in future incidents, exposing your business to liability.

• Financial Consequences: Failing to vet drivers can turn into a costly nightmare, not only in terms of higher insurance costs but also due to potential claims.

By pulling MVRs before hiring, you can avoid these pitfalls and ensure your business auto insurance remains affordable and accessible.

4. Factors to Consider When Choosing Limits

Selecting appropriate coverage limits is just as important as choosing the right types of coverage. Contractors should evaluate the following:

• Business Size: Larger fleets or businesses with multiple vehicles may need higher limits to protect their assets.

• High-Risk Jobs: If your work involves transporting hazardous materials or operating in high-traffic areas, consider increasing liability and physical damage limits.

• Project Requirements: Many contracts specify minimum insurance requirements, so ensure your policy meets or exceeds these mandates.

5. Compliance with New York State Laws

New York contractors must comply with the state’s minimum auto insurance requirements:

• $25,000 for bodily injury per person

• $50,000 for bodily injury per accident

• $10,000 for property damage

However, these minimums are insufficient for most contractors. Higher limits provide better financial protection and are often necessary to meet contractual obligations.

6. Why Work with BGES Group?

Navigating the complexities of business auto insurance can be overwhelming, especially for contractors who need tailored policies. That’s where BGES Group comes in.

Who We Are

BGES Group specializes in helping contractors across New York, New Jersey, and Connecticut secure comprehensive and affordable insurance solutions. We understand the unique challenges contractors face and provide boutique-style services to meet your needs.

What We Offer

• Expert Advice: Decades of experience in the industry mean we can guide you to the best coverage options.

• Customized Policies: Whether you need business auto, general liability, workers’ compensation, or umbrella insurance, we craft policies tailored to your business.

• Competitive Pricing: Our strong relationships with top insurers allow us to secure the most competitive rates.

• Exceptional Service: From policy selection to claims management, our team provides hands-on support every step of the way.

Contact BGES Group Today

Don’t take chances with your business auto insurance. Let BGES Group help you find the right coverages and limits to protect your vehicles, employees, and business.

• Phone: 914-806-5853 – Gary Wallach

• Email: bgesgroup@gmail.com

• Website: www.bgesgroup.com

With BGES Group, you’ll get the personalized service and expertise you need to keep your business running smoothly. Contact us today to learn how we can help you stay covered and prepared for whatever comes your way!

New York contractors operate in one of the most challenging insurance environments in the country. One critical and often misunderstood aspect of construction insurance is labor law coverage under general and umbrella liability policies. Labor Laws 240 and 241, also known as the “Scaffold Law,” place absolute liability on contractors and property owners for worker injuries related to falls or falling objects, regardless of fault. This unique legal framework drives up the cost of liability insurance in New York, creating significant challenges for contractors.

The Cost Impact of Labor Law Coverage

Including labor law coverage under general and umbrella liability policies can substantially increase a contractor’s insurance premium. Insurers view the absolute liability imposed by Labor Laws 240 and 241 as a significant risk. Consequently, policies that include labor law coverage often come with higher rates, stricter underwriting, and limited options.

For many contractors, securing labor law coverage isn’t just a recommendation—it’s a requirement. Most general contractors and project owners mandate that their subcontractors carry labor law coverage as part of their general and umbrella liability insurance. Failing to comply with these requirements can result in losing lucrative contracts or being disqualified from bidding on projects.

Examples of Claims Covered by Labor Law Coverage

1. Fall from a Ladder

A subcontractor’s employee falls from a ladder while working on a project site. Even if the fall was due to the worker’s negligence, the general contractor and project owner could still be held liable under Labor Law 240. Labor law coverage would step in to cover the damages and legal costs.

2. Injury from a Falling Object

A construction worker is struck by a falling tool while working on scaffolding. Despite safety protocols being followed, the general contractor and property owner could face liability under Labor Law 241. Labor law coverage would provide protection in this scenario.

3. Scaffolding Collapse

A scaffolding collapse causes injuries to several workers on-site. Labor Law 240 makes the general contractor and project owner strictly liable for the injuries, even if the subcontractor was responsible for setting up the scaffolding. Labor law coverage would handle the claims and associated legal costs.

Why General Contractors and Owners Require Labor Law Coverage

Most general contractors and property owners include strict insurance requirements in their contracts to protect themselves from labor law claims. These requirements typically mandate that subcontractors:

• Include labor law coverage in their liability policies.

• List the general contractor and property owner as additional insureds.

• Provide primary and non-contributory coverage to the general contractor and owner.

Without meeting these requirements, subcontractors risk losing contracts and tarnishing their reputation in the industry.

How BGES Group Can Help

Navigating New York’s complex insurance landscape is no easy task, but BGES Group specializes in providing tailored solutions for contractors. As construction insurance experts, BGES Group understands the unique challenges posed by labor law coverage and works to help contractors secure policies that offer comprehensive protection at competitive pricing.

BGES Group’s boutique approach ensures personalized service. Whether you’re a general contractor or a subcontractor, BGES Group can guide you through the process of obtaining the right coverage to meet your contractual obligations and protect your business.

Contact BGES Group Today

Don’t let the complexities of labor law coverage jeopardize your projects or your bottom line. Contact Gary Wallach at BGES Group to discuss your insurance needs:

Phone: 914-806-5853

Email: bgesgroup@gmail.com

Let BGES Group help you secure the coverage you need to succeed in New York’s competitive construction industry.

Has your workers’ compensation premium skyrocketed due to a high experience modification factor (EMR)? A string of bad luck, such as workplace injuries or claims, can drastically impact your EMR, resulting in higher premiums that strain your business budget. But don’t worry—there are strategies to regain control over your costs, and we’re here to help.

At BGES Group, we specialize in workers’ compensation insurance solutions. Whether you’re a contractor, manufacturer, trucker, or operate in any other industry, our expertise allows us to guide you to the most effective cost-saving options. One potential way to lower your premiums is by utilizing a professional employer organization program (PEO). While we won’t delve into specifics here, we’ll highlight the benefits of these programs and how they can be game-changers for your business.

10 Benefits of Having Your Workers’ Compensation Through a Specialized Program

1. Significant Cost Savings: Specialized programs often have access to better rates due to economies of scale, which can result in lower premiums.

2. Improved Cash Flow: Instead of paying large upfront premiums, many programs offer pay-as-you-go options that align payments with your payroll.

3. Streamlined Claims Management: A dedicated team handles claims efficiently, reducing downtime and unnecessary costs.

4. Access to Risk Management Experts: Programs often provide risk assessments and safety training to help prevent future incidents.

5. Compliance Assistance: Staying compliant with state-specific workers’ compensation laws is easier with expert guidance.

6. Reduced Administrative Burden: The program takes care of tasks like payroll reporting and audit preparation, freeing up your time to focus on growing your business.

7. Improved Employee Benefits: Many programs include additional benefits for employees, making your workplace more attractive to top talent.

8. Expert Claims Resolution: Disputes and fraud detection are handled by professionals, potentially saving your business thousands of dollars.

9. Customized Coverage Options: Programs can tailor policies to fit the unique needs of your industry and workforce.

10. Nationwide Availability: These programs often have the flexibility to serve businesses across the United States, ensuring consistent coverage as you grow.

Why Work with BGES Group?

At BGES Group, we understand the challenges businesses face when navigating workers’ compensation insurance. Servicing the Tri-State area—New York, New Jersey, and Connecticut—we are proud to offer personalized service and tailored solutions that meet the unique needs of your business.

In addition to serving the Tri-State area, we are associated with a trusted organization that can assist businesses nationwide. No matter where your company operates, we can connect you with programs designed to help you save money and optimize your workers’ compensation coverage.

How We Can Help

If your EMR is driving up your costs, let us explore strategies to help you:

• Analyze your claims history to identify and mitigate recurring risks.

• Recommend cost-effective insurance programs that lower your premiums.

• Provide risk management solutions that prevent future incidents and claims.

• Guide you through the complexities of workers’ compensation compliance in your state.

Why Choose BGES Group?

We are not just insurance brokers; we are workers’ compensation specialists dedicated to ensuring your business thrives, even after facing challenges like increased premiums. With decades of experience, we offer:

• Boutique-like service tailored to your specific needs.

• Competitive pricing that helps keep your costs manageable.

• Access to top-rated programs and carriers across the country.

Contact Us

If you’re ready to explore ways to lower your workers’ compensation premiums, contact Gary Wallach at BGES Group today.

Phone: 914-806-5853

Email: bgesgroup@gmail.com

Website: www.bgesgroup.com

Don’t let a high EMR drain your budget. Let BGES Group help you take control of your workers’ compensation insurance costs and set your business on a path to success.

As a New York contractor, securing the right insurance coverage is essential to protect your business, employees, and assets. However, navigating the complexities of insurance policies can be overwhelming, especially without the right broker by your side. Choosing a broker who understands the unique challenges of your industry can make all the difference.

At BGES Group, Gary Wallach and his team pride themselves on providing unparalleled service and expertise tailored to New York contractors. Here’s why BGES Group stands out as one of the best brokers to work with for your business insurance needs.

Would You Like to Work With a Broker Who:

* Has 44 years of experience insuring New York contractors – Gary Wallach has been in the industry for over four decades, specializing in helping contractors secure the right insurance coverage. His experience ensures that you’ll work with someone who understands the unique risks and challenges you face.

* Answers their phone when you call – No more waiting endlessly for a callback or struggling to get in touch. BGES Group believes in accessibility and promptly answers calls to address your concerns and questions.

* Markets your account to ensure you get good coverage and competitive rates – BGES Group actively shops your account to find the best combination of comprehensive coverage and competitive pricing, giving you peace of mind and value for your money.

* Checks your policy to make sure everything is in order – Many brokers fail to thoroughly review policies, leading to gaps in coverage. BGES Group ensures your policies are accurate and up to date, protecting you from potential oversights.

* Reviews your account and makes coverage recommendations – Your insurance needs may change over time. BGES Group regularly reviews your account to recommend necessary adjustments, ensuring your coverage keeps pace with your growing business.

* Gets you your certificates in minutes – Timely access to certificates of insurance is crucial for contractors. BGES Group provides these quickly, so your projects stay on schedule without unnecessary delays.

* Is there for you even on weekends when you need help with anything – Emergencies don’t follow a 9-to-5 schedule. BGES Group is available on weekends to assist with any urgent issues or questions you might have.

* Doesn’t charge ridiculous exorbitant policy or service fees – At BGES Group, fair pricing is a core value. You won’t be hit with hidden fees or excessive charges for their services.

* Puts people before money and builds long-term relationships based on trust – BGES Group is committed to putting your needs first, fostering relationships that go beyond transactions. Trust and reliability are at the heart of their approach.

* Knows how to talk to people, is rock-solid reliable, and approachable – Working with BGES Group means working with real people who understand your challenges. Gary and his team are dependable and easy to talk to, making the process smooth and stress-free.

* Offers mom-and-pop boutique-like service – If you value personalized service over being treated like just another account, BGES Group’s boutique-style approach will resonate with you.

* Doesn’t operate like a factory and knows your account personally – Unlike large agencies that operate on volume, BGES Group takes the time to know you and your business. You’ll receive personalized attention and solutions tailored to your needs.

Comprehensive Coverage Options Offered by BGES Group

BGES Group offers a wide range of insurance coverages designed to meet the diverse needs of contractors, including:

* Property, Tools, and Equipment Insurance

Protects your valuable equipment and tools against damage or theft, ensuring minimal disruption to your operations.

* Builder’s Risk Insurance

Covers structures under construction from unforeseen events such as fire, vandalism, or weather-related damage.

* General Liability Insurance

Shields your business from third-party claims of bodily injury, property damage, or personal injury, safeguarding your reputation and finances.

* Umbrella Liability Insurance

Provides additional liability coverage above and beyond your existing policies, offering extra protection for high-cost claims.

* Business Auto Insurance

Covers vehicles used in your business operations, including accidents, theft, and damage.

* Workers’ Compensation Insurance

Ensures your employees are covered in case of work-related injuries or illnesses, keeping your business compliant with state laws.

* New York State Disability Insurance

Provides short-term disability benefits to employees unable to work due to non-work-related injuries or illnesses.

* Group Health Insurance

Offers affordable health insurance options for your employees, promoting a healthier and more productive workforce.

* Bid and Performance Bonds

Guarantees project completion and compliance with contractual obligations, enhancing your credibility with clients.

Why Choose BGES Group?

At BGES Group, you’re not just another policyholder—you’re a valued partner. Gary Wallach and his team work tirelessly to ensure that your insurance needs are met with precision, professionalism, and care. With their deep industry knowledge, personalized service, and commitment to your success, BGES Group has earned its reputation as a trusted ally for New York contractors.

Contact BGES Group Today

Ready to experience the difference of working with a broker who truly understands your business? Contact Gary Wallach at BGES Group to discuss your insurance needs:

            •             Phone: (914) 806-5853

            •             Email: bgesgroup@gmail.com

            •             Website: www.bgesgroup.com

Don’t settle for less when it comes to protecting your contracting business. Partner with BGES Group and gain peace of mind knowing you’re in capable hands.

As a contractor in New York, navigating the maze of liability insurance and workers’ compensation coverage can feel overwhelming. With rising costs, legal requirements, and a multitude of providers, finding the right coverage at the right price is essential to your business’s success and compliance. But are you aware of all your options? Understanding how to optimize your insurance program could mean substantial savings and enhanced protection for your business.

That’s where BGES Group comes in. As New York construction insurance specialists, we’re dedicated to helping contractors like you find better coverage and reduce costs. Whether you’re a general contractor, subcontractor, or business owner in construction-related fields, our team is here to guide you through your options and tailor solutions to meet your needs.

Why Reassess Your Insurance Coverage?

The construction industry is inherently risky, and the insurance market is constantly changing. Recent trends have made obtaining affordable, comprehensive coverage more challenging than ever. Rising liability claims, labor laws such as New York Labor Law 240 and 241, and market exits by major insurers have left many contractors searching for alternatives.

By reassessing your insurance program, you can:

• Ensure compliance with legal requirements.

• Protect yourself from lawsuits and financial ruin.

• Potentially reduce premium costs.

• Gain access to better coverage through specialized programs.

How BGES Group Can Help New York Contractors

At BGES Group, we understand the unique challenges New York contractors face when it comes to insurance. As industry experts, we specialize in providing comprehensive workers’ compensation insurance and general liability insurance for contractors.

Here’s how we can help:

1. We Offer Four Workers’ Compensation Programs

No matter your business size or needs, we have a program that works for you:

• Standalone Workers’ Compensation Policies: Ideal for contractors who want a straightforward solution to meet state requirements.

• Payroll Workers’ Compensation Policies: Simplify your operations with pay-as-you-go workers’ comp tied to your payroll.

• Comprehensive Programs: Combine workers’ compensation, payroll services, and group health benefits into one seamless package.

• State Programs: For those eligible, we help you access state-run workers’ compensation options.

We also work with a few new companies offering competitive rates, so you’ll always have access to the best options available.

2. Specialized Liability Coverage for Contractors

Our expertise in construction liability insurance ensures you get the protection you need, including:

• General Liability Insurance: Protects your business from third-party claims involving bodily injury or property damage.

• Umbrella Liability Policies: Offers additional coverage to safeguard your business from catastrophic losses.

With labor laws and high litigation risks, having the right liability coverage is critical for protecting your bottom line.

3. Access to New Insurance Markets

We stay ahead of the curve by working with new and emerging insurance providers offering competitive rates. This ensures you have access to the latest and most cost-effective solutions in the market.

4. Custom Solutions Tailored to Your Needs

Every contractor’s needs are different. We take the time to assess your business and recommend a customized insurance program that aligns with your risk profile, operations, and budget.

5. Boutique-Like Service with a Focus on Savings

We pride ourselves on delivering personalized, boutique-style service. Unlike large agencies, we give you direct access to experienced professionals who understand New York’s construction insurance market inside and out. Our goal is to help you save money while improving your coverage.

Why Choose BGES Group?

BGES Group has earned a reputation as one of New York’s leading providers of construction insurance solutions. Our expertise, extensive market access, and commitment to customer satisfaction make us the go-to partner for contractors looking to secure better coverage at competitive rates.

What Sets Us Apart?

• Over 44 of experience in the construction insurance industry.

• Tailored insurance programs designed for New York contractors.

• Access to multiple carriers, including those offering new and competitive rates.

• Focused expertise in high-risk industries, including roofing, demolition, and asbestos.

Contact Us Today

If you’re a New York contractor looking to explore your options for workers’ compensation insurance, liability coverage, or a combination of services, BGES Group is here to help.

Call or email us today to get started:

• Gary Wallach

• Phone: 914-806-5853

• Email: bgesgroup@gmail.com

• Website: www.bgesgroup.com

Take control of your insurance program and ensure your business is fully protected while saving on costs. Contact BGES Group today and experience the difference of working with New York construction insurance specialists!

In the fast-paced construction industry, New York contractors face a multitude of challenges, with high workers’ compensation premiums being one of the most significant. Often, contractors unknowingly overpay on these premiums due to errors in audits, misclassifications, or improper payroll reporting. Recovering these overpayments can lead to substantial financial relief, allowing contractors to reinvest in their business, hire more staff, or improve their operations.

This article explores the process of workers’ compensation premium recovery, provides five hypothetical examples of potential savings, and highlights how BGES Group can assist New York contractors in reclaiming their money.

Understanding Workers’ Compensation Premium Recovery

Workers’ compensation premiums are calculated based on several factors, including job classifications, payroll, and experience modification rates (EMRs). Errors in any of these areas can lead to overpayments. Unfortunately, many contractors are unaware of these mistakes, leaving significant amounts of money unclaimed.

Premium recovery is the process of identifying and correcting these errors, often resulting in refunds for overpaid amounts. While the process can be complex, insurance experts like BGES Group specialize in helping contractors navigate these issues and recover their rightful funds.

Five Hypothetical Examples of Premium Recovery

Here are five examples that demonstrate how much contractors could potentially recover by addressing workers’ compensation premium errors:

1. General Contractor – $50,000 Recovered

A general contractor was audited and charged for subcontractors without proper certificates of insurance. Upon review, it was discovered that many subcontractors had their own valid workers’ compensation policies. Correcting these errors led to a $50,000 refund.

2. Roofing Contractor – $75,000 Recovered

A roofing contractor had employees misclassified under a higher-risk job code, resulting in inflated premiums. After a detailed audit, the correct classification was applied, and the contractor received a refund of $75,000.

3. Electrical Contractor – $35,000 Recovered

An electrical contractor’s payroll was inaccurately reported to include non-covered employees, such as clerical staff. Correcting this mistake resulted in a $35,000 refund from their insurer.

4. Demolition Contractor – $90,000 Recovered

A demolition contractor discovered that their EMR was calculated incorrectly due to an error in their claim history. With BGES Group’s assistance, the error was corrected, leading to a $90,000 recovery.

5. HVAC Contractor – $40,000 Recovered

An HVAC contractor overpaid premiums due to discrepancies in audit reports from previous years. A comprehensive review revealed the errors, and the contractor received a $40,000 refund.

These examples highlight how much money contractors can reclaim by addressing workers’ compensation premium errors.

How BGES Group Can Help

BGES Group is a trusted name in the insurance industry, offering specialized services to contractors in New York, New Jersey, and Connecticut. They are particularly skilled in helping contractors manage workers’ compensation insurance and recover overpaid premiums.

Here’s why BGES Group stands out:

1. Workers’ Compensation Expertise

With decades of experience, BGES Group understands the complexities of workers’ compensation insurance. They know where to look for errors and how to resolve them effectively.

2. Comprehensive Insurance Solutions

In addition to workers’ compensation, BGES Group offers a range of insurance products, including general liability, umbrella liability, payroll services, and group health insurance.

3. Proactive Premium Recovery

BGES Group conducts detailed audits of clients’ policies and premium calculations to uncover errors and recover overpayments. Their proactive approach ensures contractors aren’t leaving money on the table.

4. Specialized Programs for High-Risk Contractors

BGES Group has programs tailored to contractors in high-risk industries, such as roofing, demolition, and asbestos removal. These programs are designed to provide optimal coverage at competitive prices.

5. Boutique-Style Service

BGES Group prides itself on offering personalized service. They work closely with contractors to understand their unique needs and provide tailored solutions.

The Premium Recovery Process

The process of recovering workers’ compensation premiums involves several steps, which BGES Group handles on behalf of their clients:

1. Policy and Audit Review

BGES Group begins by reviewing current and past workers’ compensation policies and audits. They analyze payroll reports, job classifications, and subcontractor information for discrepancies.

2. Error Identification

Their experts identify errors such as misclassifications, incorrect payroll reporting, or invalid subcontractor charges.

3. Documentation Collection

BGES Group gathers the necessary documentation to support the corrections, such as certificates of insurance, payroll records, or audit reports.

4. Negotiation with Insurers

They work directly with insurance carriers to resolve the issues and secure refunds for overpaid premiums.

5. Future Prevention

In addition to recovering overpayments, BGES Group helps contractors implement systems to prevent similar errors in the future.

Contact BGES Group

If you suspect you’ve overpaid on your workers’ compensation premiums or want to ensure you’re not paying more than necessary, BGES Group is here to help. Contact Gary Wallach, the founder and principal of BGES Group, to get started:

• Phone: 914-806-5853

• Email: bgesgroup@gmail.com

• Website: www.bgesgroup.com

Gary and his team are dedicated to helping contractors recover their money and optimize their insurance coverage.

Final Thoughts

Workers’ compensation premium recovery is a valuable but often overlooked opportunity for New York contractors. By addressing errors in policies and audits, contractors can reclaim significant amounts of money that can be reinvested into their businesses.

BGES Group is a trusted partner in this process, offering the expertise and personalized service needed to navigate the complexities of workers’ compensation insurance. With their help, contractors can unlock hidden savings and ensure they’re not overpaying in the future.

Don’t let your hard-earned money go to waste. Contact BGES Group today and start recovering your overpaid workers’ compensation premiums.

As a New York contractor, you know all too well how challenging it is to keep your business running smoothly while managing soaring insurance costs. With rising liability and workers’ compensation premiums, staying competitive can feel like an uphill battle. But what if there was a way to slash your insurance costs by up to 20%—or even more?

At BGES Group, we specialize in helping contractors like you save money, enhance coverage, and improve your cash flow. Let us show you how.

Access to the Best Liability and Workers’ Compensation Programs

One of the biggest challenges contractors face is being stuck with limited insurance options. Many brokers fail to shop the market thoroughly, leaving you with overpriced policies or inadequate coverage. BGES Group takes a different approach. We have access to all the best liability and workers’ compensation programs in the industry.

Whether you’re working on residential projects, high-risk operations like roofing or demolition, or something in between, BGES Group can tailor a program to fit your specific needs. Our goal is simple: take what you’re currently paying and strive to reduce those costs by up to 20% or more—without compromising the quality of your coverage.

Free Review of Your Current Program

Are you confident that your current insurance program fully protects your business? If not, you’re not alone. Many contractors discover too late that their policies have coverage gaps, leaving them exposed to costly claims.

At BGES Group, we offer a free review of your present insurance program. During this comprehensive review, we’ll identify any issues your broker may have overlooked, ensuring you’re not at risk of unexpected liabilities. If we find gaps or errors, we’ll point them out and provide actionable solutions. This isn’t just about saving you money—it’s about giving you peace of mind.

Get Money Back on Workers’ Compensation Overpayments

Did you know that you could be entitled to significant refunds on your workers’ compensation premiums? Most contractors are unaware that they’ve overpaid their workers’ compensation coverage going back as far as seven years.

BGES Group has a unique way to help you recover these overpayments. Imagine recouping $100,000, $200,000, or even more. That’s money that goes directly back into your business, reducing your cash flow outlay and giving you extra resources to invest in growth or operations.

Here’s how it works:

         1.          We review your past workers’ compensation policies and payments.

         2.          We identify errors, overcharges, or misclassifications.

         3.          We work with carriers to secure your refunds.

Recovering these funds is a game-changer, providing your business with financial flexibility while further lowering your insurance costs.

Other Ways to Reduce Your Insurance Costs

At BGES Group, we understand that reducing insurance costs isn’t a one-size-fits-all solution. That’s why we explore every opportunity to cut your premiums. Whether it’s negotiating better rates, bundling coverage, or adjusting policy terms to better suit your operations, we’ll find creative ways to help you save.

Sometimes, “skinning the cat” means looking at your entire risk management strategy. For example, ensuring proper subcontractor documentation or revisiting outdated classifications can significantly impact your bottom line. As experts in New York construction insurance, we have the knowledge and experience to guide you through these opportunities.

What Makes BGES Group Different?

BGES Group is not your average insurance agency. Here’s what sets us apart:

         1.          Boutique-Like Service – We’re a smaller agency, but that’s what makes us better. You’ll get hands-on attention from experts who know your industry inside and out.

         2.          Expertise in Construction Insurance – With decades of experience, we’ve worked with contractors across New York and the Tri-State area, from small operations to large-scale firms.

         3.          Nationwide Programs – While we specialize in New York, our programs extend nationwide, so if you have projects outside the state, we’ve got you covered.

         4.          Competitive Pricing – We pride ourselves on finding the best coverage at the most competitive rates.

         5.          Proactive Claims Support – If you experience a claim, our team is here to advocate for you, ensuring a smooth and fair resolution.

How to Get Started

At BGES Group, we’re here to make your life easier. Reducing insurance costs, improving coverage, and enhancing your cash flow are what we do best. Whether it’s liability insurance, workers’ compensation, or a combination of both, we’ll work tirelessly to find you the best possible solutions.

Ready to see how much you can save? Here’s how you can get started:

         1.          Call Us for a Free Insurance Review – We’ll analyze your current policies and look for savings opportunities and coverage improvements.

         2.          Discuss Your Workers’ Compensation Refunds – Let us investigate if you’ve overpaid in the past and get you the money you’re owed.

         3.          Explore New Insurance Programs – We’ll customize a program that fits your needs, reduces costs, and protects your business.

Contact BGES Group Today

Stop overpaying for insurance. Let BGES Group help you reduce your costs, protect your business, and improve your cash flow.

            •             Phone: Call Gary Wallach at 914-806-5853

            •             Email: bgesgroup@gmail.com

            •             Website: www.bgesgroup.com

Don’t wait—reach out today and start saving money on your insurance!