Builders risk insurance is an essential policy for New York contractors, as it provides coverage for projects under construction, protecting against losses due to property damage, theft, and other unforeseen events. However, not all builders risk policies are created equal. To make sure you are properly covered, here are 10 key factors to consider when purchasing builders risk insurance:

1. Scope of Coverage

When buying builders risk insurance, the first thing to examine is the scope of coverage. A good policy will cover damage caused by fire, vandalism, theft, and natural disasters such as windstorms or hail. However, some policies may exclude certain perils, such as earthquakes or floods, which may require additional endorsements. Always check what is included and excluded from your policy to ensure comprehensive protection.

2. Project-Specific Coverage

Builders risk insurance should be tailored to the specific needs of each project. For example, the coverage for a residential home build may differ from a commercial high-rise project. Make sure the policy aligns with the specific risks and requirements of your project, including the project’s value, size, and location.

3. Coverage for Materials and Equipment

It’s crucial that your builders risk policy covers materials, supplies, and equipment, both on-site and in transit. Since construction projects often require materials to be delivered before they are installed, you need to ensure that those items are protected while in storage or during transport to the job site.

4. Soft Costs Coverage

Soft costs refer to expenses that aren’t directly related to labor or materials, such as architectural fees, permit costs, and loan interest. If a delay occurs due to a covered event, you could face additional soft costs that can add up quickly. Make sure your builders risk insurance includes coverage for these types of expenses to protect your bottom line.

5. Coverage Duration

Builders risk policies are generally written for the duration of the project. However, if there are delays or project extensions, you’ll need to make sure your policy can be extended as well. Check with your insurance provider to understand the terms for extending coverage if the project takes longer than expected.

6. Valuation Clause

The valuation clause determines how losses are calculated. In some cases, the insurer may use replacement cost, while in others, they may use actual cash value, which accounts for depreciation. Make sure you understand the valuation method in your policy and how claims will be paid out in the event of a loss.

7. Named Insureds and Additional Insureds

Make sure that all relevant parties involved in the project are covered under the builders risk policy. This often includes the property owner, general contractor, subcontractors, and sometimes even lenders. If required, ensure that the policy allows for additional insureds to be added.

8. Exclusions and Deductibles

Every builders risk policy comes with exclusions and deductibles. It’s essential to understand what is excluded from the policy—common exclusions include damage caused by wear and tear, faulty design, or poor workmanship. Additionally, be clear about the deductible amounts for different types of claims, as this will affect how much you pay out-of-pocket in the event of a loss.

9. Legal Requirements

In New York, certain legal requirements may dictate the type and amount of builders risk insurance you need, depending on the scope and location of your project. For example, local building codes or lender requirements may impose specific insurance obligations. Work with an insurance expert to ensure you meet all legal and regulatory requirements.

10. Claims Process

Understanding the claims process is crucial for contractors. Some insurers have a straightforward claims process, while others may have more complex procedures. Before purchasing a policy, ask about how claims are handled, the timeframe for processing claims, and any specific documentation that will be required in the event of a loss.

BGES Group: Your New York Construction Insurance Experts

Navigating the complexities of builders risk insurance can be overwhelming for contractors, especially when balancing project demands. That’s where BGES Group comes in. With years of experience specializing in New York construction insurance, we know how to tailor policies that fit your specific needs, ensuring you have the right coverage for your projects.

If you need help selecting builders risk insurance or any other construction-related coverage, contact Gary Wallach at BGES Group. We’re here to provide expert advice and personalized service to protect your business.

Reach out to Gary Wallach at 914-806-5853 or via email at bgesgroup@gmail.com for assistance today!

As a business owner, it’s essential to manage risks and protect your company from potential liabilities. When employees use their personal vehicles for work, one crucial way to protect your business is through Employers Auto Non-Ownership Liability coverage. This type of insurance provides your business with liability coverage in case an employee is involved in an accident while driving their personal vehicle for business purposes. Without this coverage, your company could be exposed to significant financial risk if a lawsuit arises from an employee’s accident.

This article will break down Employers Auto Non-Ownership Liability coverage, provide an example illustrating its practical application, and explore the considerations you should have as a business owner to ensure your company is adequately protected.

What Is Employers Auto Non-Ownership Liability Coverage?

Employers Auto Non-Ownership Liability (also known as Non-Owned Auto Liability) provides liability protection for your business when an employee uses their own vehicle for work-related tasks. It is important to note that this coverage is designed only for liability, meaning it does not cover physical damage to the employee’s car or injuries to the employee. Instead, it protects the business from third-party claims or lawsuits for damages or injuries resulting from the employee’s accident.

Common scenarios where Employers Auto Non-Ownership Liability would be helpful include:

• Employees making deliveries

• Transporting clients or colleagues

• Running errands for the business

In these cases, if an employee causes an accident, the business could be sued by the injured parties, and Employers Auto Non-Ownership Liability helps cover the associated costs.

Why Employers Auto Non-Ownership Liability Coverage Is Essential

While many employers assume that an employee’s personal auto insurance will cover them, this is not always the case. If an employee is driving their own vehicle for work purposes and is involved in an accident, their personal insurance may limit or deny coverage, especially if they were engaging in activities considered commercial use. This can leave both the employee and the business vulnerable to lawsuits. Non-Ownership Liability coverage serves as a crucial backup to ensure that your business is shielded from potentially high-cost claims.

Practical Application: A Dog Service Business

Let’s say you own a dog service business where employees occasionally drive to pick up dogs from clients’ homes or transport them to and from pet-related events. One of your employees, however, has 13 points on their driving record, making it difficult for you to insure them under your business auto policy. You check with an insurer and find that adding them to your policy would cost an additional $30,000 through Progressive—a cost that’s simply not feasible for your business.

So, you consider allowing the employee to use their own vehicle while still ensuring your business is adequately protected in case of an accident.

Can You Have the Employee Drive Their Own Vehicle?

Yes, you can have the employee drive their own vehicle for work-related purposes, but there are specific steps you should take to protect your business. In this scenario:

1. Verify Your Employee’s Personal Auto Coverage: First, confirm that your employee has an active personal auto policy that includes liability coverage. This is essential because, in most cases, the employee’s personal insurance will be the first line of defense.

2. Add Employers Auto Non-Ownership Liability Coverage to Your Policy: Since your business still faces risk if the employee’s personal coverage is inadequate or denied, you should purchase Employers Auto Non-Ownership Liability coverage. This coverage will protect your business from third-party claims in case of an accident, even though the vehicle is not owned by your company.

By following these steps, you’re ensuring that your company has protection both from the employee’s personal auto policy and from your Employers Auto Non-Ownership Liability coverage.

What Limits Should the Employee Have on Their Personal Auto Policy?

To further protect your business, it’s essential to require that your employees have sufficient liability limits on their personal auto policies. Typically, it is recommended that employees carry at least:

• $100,000 in Bodily Injury Liability per Person

• $300,000 in Bodily Injury Liability per Accident

• $100,000 in Property Damage Liability

These limits provide a good baseline of coverage that can mitigate potential expenses in case of an accident. If the employee’s personal limits are lower than this, you may want to encourage them to increase their coverage or, depending on the risk, reconsider allowing them to drive for business purposes.

Example Scenario: How Employers Auto Non-Ownership Coverage Works

Imagine that your employee, driving their personal car to pick up a client’s dog, gets into an accident and is found at fault. The injured party sues both the employee and your company for damages. In this case:

• The Employee’s Personal Insurance: First, the employee’s personal auto insurance will be used to cover the claim, up to the policy limits.

• Employers Auto Non-Ownership Liability Coverage: If the claim exceeds the employee’s policy limits or if the employee’s insurer denies the claim, then your Non-Ownership Liability coverage will step in to protect your business. This policy will cover your business’s legal defense and any settlements or judgments that may arise from the lawsuit, up to your policy limits.

In this scenario, both the employee’s personal insurance and your Employers Auto Non-Ownership Liability coverage work together to shield your business from significant liability.

Why Employers Auto Non-Ownership Liability Coverage Is Important

Having this coverage can be critical for several reasons:

1. Financial Protection for the Business: Legal expenses, settlements, and judgments can be financially devastating. This coverage provides the protection your business needs against unexpected lawsuits.

2. Flexibility in Operations: Employers Auto Non-Ownership Liability coverage enables you to allow employees to use their own vehicles without excessive financial worry.

3. Peace of Mind: Knowing that your business is safeguarded against these types of risks can help you focus on other priorities.

Ensuring Your Business Is Fully Protected

When employees drive their own vehicles for work, it’s vital to consider all aspects of coverage. Ensure that you have the appropriate Non-Ownership Liability coverage in place and verify your employees’ personal liability limits. Doing so allows you to mitigate risks effectively and avoid potential legal and financial issues.

Employers Auto Non-Ownership Liability is not just for large businesses; any company with employees using personal vehicles for business purposes can benefit from this additional layer of security. Whether you run a dog service, a delivery company, or any other type of business requiring employee transport, this coverage is essential for safeguarding your organization’s financial health.

Let BGES Group Help with Your Insurance Needs

For expert guidance on Employers Auto Non-Ownership Liability or any other specialized insurance needs, turn to BGES Group. As specialists in construction insurance and business liability, BGES Group can help tailor coverage to fit your unique business requirements, ensuring you have comprehensive protection.

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

Many contractors and agricultural employers mistakenly believe that they are not required to comply with OSHA’s Permit-required Confined Spaces Standard (29 CFR 1910.146), which, as the standard states, applies to “general industry.”

This mistaken notion arises from the wording contained in the standard’s “scope and application” paragraph, which states: “This section does not apply to agriculture, to construction, or to shipyard employment.”

However, this can be extremely misleading. When the work being performed is of a construction nature, the agricultural, construction or shipyard operator is exempt. However, when the work can be classified as repair or maintenance, the company is required to follow the standard.

The best way to understand this duality is to study the enforcement directive for this standard — CPL 2.100 — that OSHA wrote for its compliance officers. The directive states that permit-required confined spaces that are undergoing maintenance or modifications that do not require construction are bound by the general industry standards.

However, if a confined space is created during construction, is the outcome of construction activity, or is entered to perform construction, then the work performed is not subject to the standard until the confined space is turned over for general industry operations.

Confined spaces include:

• Tanks
• Underground vaults
• Water and sewer pipes
• Storage bins
• Pits
• Silos
• Boilers
• Industrial trash compactors
• Hoppers.

The authors of CPL 2.100 included some examples to clarify the difference between maintenance and construction:

• Lining a tank that is in need of restoration, either to prevent the structural part of the tank from deteriorating or prevent the housed product from becoming contaminated. In either case, the partial patching or total removal of existing lining and replacement is considered maintenance.
• Relining a furnace with new refractory material is maintenance.
• Tuck pointing and individual brick replacement in a manhole is maintenance.
• Relining of a sewer line with a sleeve, which is pushed through a section of the existing system, is maintenance.
• Repainting, which is part of a scheduled program to maintain a system or prevent its deterioration, is maintenance.

Clearly, it is the type of work being performed, not the core business of the company performing it, that determines if a task is maintenance or construction. That’s why it makes good business sense to follow the general industry standard, especially when there is doubt as to how the task may be classified.

The one caveat

Contractors should also keep in mind that OSHA’s enforcement policy states that those companies not covered under the general industry standard must comply with the American National Standards Institute (ANSI) Standard Z-117.1 Safety Requirements for Confined Spaces.

This standard parallels 29 CPR 1910.146, so in point of fact, a construction company would be following the general industry standard.

The dangers of confined spaces

Hazards that may be present in confined spaces include:

• Toxic atmospheres,
• Oxygen deficiency,
• Oxygen enrichment,
• Flammable atmospheres,
• Flowing liquids, and
• Excessive heat.

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

When it comes to insurance for New York contractors, no one makes a joke quite like the legendary Rodney Dangerfield. If he were still around, he’d have a field day talking about why BGES Group is the go-to agency for hard-working contractors in New York. Here’s what Rodney might say, with all the style and humor that would make you laugh until your hard hat fell off!

10 Jokes Rodney Dangerfield Would Make About Why You Should Use BGES Group

1. “I tell ya, I got no respect at the other insurance places. They’d look at me and say, ‘Sorry, pal, but we don’t insure guys who look that unlucky.’ But BGES Group? They actually listen! They didn’t even flinch when they saw my claims history!”

2. “I called one of those big insurance companies, and the agent said, ‘We can insure you, but no guarantees.’ I said, ‘What’s that mean?’ He said, ‘It means don’t call us if you fall off a ladder.’ BGES Group? They actually pick up the phone when you call!”

3. “BGES Group does things different. I was at another broker, and I asked about workers’ comp. The guy says, ‘How bad do you really need it?’ I said, ‘Buddy, I’m a contractor! My left arm’s already got more stitches than Frankenstein!’ BGES Group? They actually get it!”

4. “You know, some places treat contractors like lepers. You walk in and they start lookin’ for ways to raise the premiums before you say hello. But BGES Group? They don’t raise an eyebrow. And believe me, I give ‘em plenty of reasons to!”

5. “I went to a big corporate insurance firm, and the agent says, ‘Our rates are sky-high, but our logo is really impressive!’ BGES Group’s logo? It’s just Gary Wallach’s number. Now that’s my kind of place!”

6. “Other brokers told me they’d give me a deal, then they showed me the ‘fine print.’ I said, ‘Buddy, I’m getting dizzy just reading this!’ BGES Group’s fine print? It’s in plain English: ‘Call Gary, he’ll fix it.’ Now that’s what I call service!”

7. “I got no respect, no respect at all. I had insurance from another place and went in to file a claim. The agent said, ‘You? We thought you were joking!’ At BGES Group, they actually care. And believe me, that’s no joke!”

8. “I’m a contractor, you know, so I asked an insurance guy what happens if I get hurt on the job. He said, ‘Well, you’re covered as long as it’s not…well…work-related.’ I said, ‘What else would it be?’ BGES Group? They’ll cover me no matter what I’m swinging!”

9. “BGES Group is like family. They ask what you need, they work with you, they treat you right. I went to one of those other places, and they treated me like I was auditioning for ‘Survivor.’ Gary Wallach at BGES Group? He treats you like a winner, not a castaway!”

10. “I tell ya, insurance with some companies is like playing the lottery… only instead of winning, you’re paying more every time. But BGES Group? It’s more like a family gathering, only without your cousin Vinny asking for a loan!”

About BGES Group

If Rodney’s jokes hit close to home, it might be time to consider BGES Group for your business insurance needs. Specializing in insurance for New York contractors, BGES Group understands the unique challenges contractors face, from workers’ compensation and liability insurance to payroll services. They provide personalized service, honest advice, and coverage tailored to each contractor’s specific needs. With Gary Wallach at the helm, BGES Group treats you like family and ensures that you get the respect and the insurance protection you deserve.

Get in touch with BGES Group today!

• Contact Gary Wallach

• Phone: 914-806-5853

• Email: bgesgroup@gmail.com

Because when it comes to insurance, a little respect goes a long way—just ask Rodney!

Most New York workers’ compensation insurance companies are unable to insure asbestos abatement contractors due to the inherent high-risk nature of the industry. Several factors contribute to this challenge:

1. Health Risks: Despite advancements in protective gear, asbestos remains a hazardous material with the potential to cause serious health problems such as lung cancer, asbestosis, and mesothelioma. Even with improved safety equipment, exposure risks persist, particularly if safety protocols aren’t followed rigorously. Asbestos abatement workers face significant long-term risks, leading to expensive claims and high medical costs, which discourages insurers from offering coverage.

2. Cost of Claims: Asbestos exposure often results in serious, chronic illnesses, leading to workers’ compensation claims that are financially draining for insurers. These claims involve not only initial medical treatment but also long-term care, rehabilitation, and legal expenses. The high costs associated with asbestos-related diseases make it difficult for insurance companies to justify insuring these contractors.

3. Union Agreements: Many asbestos abatement workers are union members, and they sign agreements acknowledging the health risks associated with the job. While this agreement promotes worker awareness, it does little to mitigate the risk insurers face from potentially costly claims. Union involvement also adds layers of complexity to the risk management process, as health-related claims may still be substantial and long-lasting.

4. Regulatory Compliance: Asbestos abatement contractors must comply with strict federal, state, and local regulations to safely handle and dispose of asbestos. Any failure to meet these regulatory requirements can result in significant fines, penalties, and increased liability. For insurance companies, these risks make it challenging to insure contractors, as regulatory non-compliance can drastically inflate claim payouts.

5. Long-Tail Liability: Asbestos-related illnesses may take years or even decades to manifest, leading to long-tail liability for insurers. This uncertainty makes it difficult for insurance companies to predict when claims will arise and how costly they will be. The delayed nature of these claims creates financial unpredictability, further driving insurers away from covering asbestos abatement contractors.

6. Limited Market and Capacity: Insuring high-risk industries like asbestos abatement requires specialized underwriting and a higher tolerance for risk. Most standard insurance carriers are unwilling to assume the exposure, leaving only a handful of niche insurers who are equipped to provide coverage. The limited market for asbestos abatement contractors creates additional challenges in securing affordable insurance.

7. Reinsurance Challenges: Due to the high risks involved, reinsurance providers are often reluctant to cover workers’ compensation policies for asbestos abatement contractors. Without reinsurance support, primary insurers struggle to offer coverage, limiting contractors’ access to workers’ compensation policies.

Turning to Industry Experts for Guidance

Given these challenges, asbestos abatement contractors often face difficulty finding workers’ compensation insurance at competitive rates. However, turning to industry experts can make all the difference.

One such expert is John Maguire of Vestar Inc., a trusted consultant with unmatched experience in the field. John has earned a reputation for his in-depth knowledge of asbestos abatement, and no one has guided more lives and businesses through the complex web of compliance and risk management. Contractors can rely on John’s expertise to navigate the intricacies of insurance requirements, safety regulations, and risk mitigation strategies. With his assistance, asbestos abatement businesses can better position themselves to secure the insurance coverage they need.

BGES Group: Your Partner for Specialized Insurance Solutions

In addition to expert guidance from John Maguire, asbestos abatement contractors can turn to BGES Group for comprehensive insurance solutions. As a specialized insurance broker with a deep understanding of high-risk industries, BGES Group offers tailored workers’ compensation and liability coverage that meets the unique needs of asbestos abatement contractors. With their boutique-level service, BGES Group helps contractors secure coverage that protects their business while keeping costs competitive.

For contractors facing the unique challenges of insuring their asbestos abatement operations, the combination of expert consulting from John Maguire and customized solutions from BGES Group provides the support needed to succeed. Reach out to BGES Group today for help with your insurance needs.

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

Restoration contractors in New York City face unique challenges when it comes to securing liability insurance. The high risks, complex regulations, and litigious nature of the city make it essential to work with an insurance agency that understands the intricacies of this business. That’s where BGES Group comes in. Specializing in liability insurance for contractors, including restoration professionals, BGES Group offers tailored coverage solutions that go beyond basic policies. Here are 10 reasons why NYC restoration contractors should turn to BGES Group for their liability insurance needs.

1. Specialized Expertise in Restoration Work

BGES Group has years of experience working with restoration contractors and understands the specific risks associated with this type of work. From mold remediation to fire and water damage repairs, their policies are designed to cover the unique exposures that restoration professionals face.

2. Comprehensive Coverage Options

Restoration projects involve multiple moving parts and significant liability. BGES Group offers comprehensive liability policies that cover a wide range of potential issues, including property damage, bodily injury, and more. You won’t have to worry about gaps in coverage when dealing with complex projects.

3. Labor Law Coverage

New York Labor Laws 240 and 241 make it crucial for restoration contractors to carry proper liability insurance. BGES Group ensures that their policies include Labor Law coverage, protecting you from lawsuits related to worker injuries, especially those involving falls and scaffolding accidents.

4. Tailored Policies for Every Contractor

No two restoration businesses are the same, and BGES Group recognizes this by offering customized insurance solutions. Whether your focus is residential, commercial, or emergency response work, BGES Group can tailor policies to match your specific needs and risks.

5. Access to Top Carriers

BGES Group has strong relationships with top-rated insurance carriers that specialize in contractor insurance. This allows them to shop the market and find the best coverage at competitive rates, ensuring that you get the most value for your investment.

6. Risk Management Support

Insurance is more than just a safety net; it’s about preventing claims from happening in the first place. BGES Group offers risk management services to help restoration contractors implement safety protocols, reducing the likelihood of accidents and keeping your premiums in check.

7. Fast and Efficient Claims Handling

In the restoration business, time is money. BGES Group works with insurance carriers that have efficient claims processes, so if the unexpected happens, your business can get back on track quickly without lengthy delays in receiving compensation.

8. Outstanding Customer Service

As a boutique agency, BGES Group prides itself on offering personalized, one-on-one customer service. You won’t be treated like just another policyholder. The team at BGES Group takes the time to understand your business and provide ongoing support throughout the life of your policy.

9. Competitive Pricing

NYC restoration contractors often struggle to find affordable liability insurance, especially given the high-risk nature of the work. BGES Group uses its industry connections and expertise to find you the best possible rates without sacrificing quality coverage. This makes it easier to manage your business expenses without being overburdened by insurance costs.

10. Proven Track Record with NYC Contractors

BGES Group has a solid reputation among NYC contractors, including those in the restoration field. Their deep understanding of the local market, regulations, and contractor needs has made them a trusted partner for businesses looking for reliable insurance solutions.

Contact BGES Group

If you’re an NYC restoration contractor looking for tailored liability insurance that offers comprehensive coverage, personalized service, and competitive rates, BGES Group is your go-to agency. Contact Gary Wallach today to discuss your insurance needs and get a free quote:

• Phone: 914-806-5853

• Email: bgesgroup@gmail.com

• Website: bgesgroup.com

BGES Group is here to help you secure the best insurance coverage for your restoration business, ensuring that you’re protected from the unexpected and ready to thrive in New York City’s competitive market.

In the fast-paced world of New York construction, contractors rely on their insurance agencies to protect their businesses. Unfortunately, many large insurance agencies that serve New York contractors are no longer doing an effective job. With these agencies overwhelmed by their sheer size, contractors are often left with inadequate service, poor communication, and policies that fail to address their real needs. This not only puts your business at risk but also threatens your financial security.

Here are 10 common problems that contractors face when dealing with large insurance agencies:

1. Lack of Personalization – Large agencies often treat contractors like just another number, offering generic policies that don’t account for the unique risks of the construction industry.

2. Poor Customer Service – With massive client lists, these agencies may take days, or even weeks, to return your calls or emails when you need urgent assistance.

3. High Employee Turnover – Large agencies frequently have high staff turnover, meaning you’re constantly dealing with new account managers who don’t understand your business or your coverage needs.

4. Inexperienced Agents – In many big agencies, inexperienced agents are often assigned to handle complex construction policies, leading to costly mistakes.

5. Lack of Industry Knowledge – Construction is a specialized field, and most large agencies don’t have the in-depth understanding of New York’s unique legal requirements, such as Labor Laws 240 and 241.

6. Delayed Claims Processing – Contractors often experience delays when it comes to processing claims, putting projects on hold and causing financial strain.

7. Inaccurate Policy Assessments – Large agencies may fail to update policies as your business evolves, leaving you underinsured or overpaying for unnecessary coverage.

8. Overly Complicated Processes – Navigating large bureaucratic systems can make the simplest insurance tasks—like renewing policies or filing a claim—an overwhelming ordeal.

9. Insufficient Risk Management Support – Big agencies often lack the resources to provide real risk management advice that can save contractors from costly mistakes and liabilities.

10. Price Over Value – Many large agencies focus on selling the cheapest policy rather than offering the best value. As a result, contractors are left with bare-bones coverage that could leave them exposed in the event of a claim.

These problems are not just minor inconveniences—they can seriously impact your business, draining your finances and leaving you vulnerable to major legal and financial consequences. Allowing these large agencies to continue servicing your account without addressing these shortcomings can be hazardous to your wealth and livelihood.

Why BGES Group Is Different: A Boutique Agency for New York Contractors

In contrast, BGES Group is a boutique, mom-and-pop style agency that specializes in construction insurance. With a hands-on approach and deep industry expertise, BGES Group offers a level of service and attention that large agencies simply cannot match.

Here are five reasons why contractors love working with BGES Group:

• Personalized Service – Every client is treated like family, with solutions tailored to the specific risks of your business.

• Expert Knowledge – BGES Group has decades of experience in the construction industry, ensuring you get the right coverage for New York’s complex legal landscape.

• Fast Response Time – Immediate responses to your questions or claims, with no long waits for service.

• Proactive Risk Management – BGES Group helps you identify and mitigate risks before they turn into costly claims.

• Competitive Pricing – They offer top-tier coverage at competitive rates without cutting corners on your protection.

Testimonials from Satisfied Clients

Don’t just take our word for it—here’s what real contractors have to say about working with BGES Group:

1. “BGES Group is incredibly responsive, and they really know the construction business inside and out. They’ve saved me so much time and money!” – Paul S.

2. “The personal attention and service we get from BGES Group are second to none. They’ve been with us through thick and thin, and we couldn’t ask for a better insurance partner.” – Maria D.

3. “Gary and his team made sure we had the right coverage and helped us manage our risks. We’ve had a few claims, and they were handled smoothly and quickly. Highly recommend!” – John R.

4. “It’s great to work with an agency that actually cares about our business. BGES Group is always available when we need them and they go above and beyond to help.” – Steve A.

5. “Switching to BGES Group was one of the best decisions we made. They really understand the unique challenges of being a contractor in New York and made sure we were fully covered.” – Michael P.

For help ensuring your construction business is fully protected, contact BGES Group today. Their team of experts is ready to provide the personal, professional, and expert service your business deserves.

Contact Information:

Gary Wallach

Phone: 914-806-5853

Email: bgesgroup@gmail.com

Website: www.bgesgroup.com

Let BGES Group handle your insurance needs so you can focus on building your business, not worrying about it!

As a New York contractor, protecting your business from liability is critical. Commercial General Liability (CGL) and Umbrella Liability insurance provide essential coverage to safeguard your operations from claims arising out of accidents, property damage, and legal disputes. However, not all policies are created equal, and understanding the key elements of your coverage is crucial to ensure that your business is adequately protected. Here are 10 things to look for when buying commercial general and umbrella liability insurance:

1. Adequate Coverage Limits

One of the most important aspects of both CGL and umbrella liability insurance is ensuring you have enough coverage to protect against major claims. CGL policies typically come with limits for bodily injury, property damage, and products-completed operations, but these limits may not be enough for larger claims. Make sure your coverage is sufficient based on the size and risk level of your projects.

2. Products-Completed Operations Coverage

For contractors, a significant risk occurs after a project is completed. Products-completed operations coverage protects your business if work you completed causes injury or property damage down the line. It’s vital to ensure this is included in your CGL policy and that coverage continues after the project is finished.

3. Contractual Liability Coverage

Many New York construction contracts require contractors to assume liability for certain risks. Contractual liability coverage under your CGL policy protects you against claims related to liabilities you assume through written contracts, such as indemnifying the project owner or general contractor. Be sure this provision is included and that it aligns with your contractual obligations.

4. Coverage for Subcontractors

If you hire subcontractors, your CGL policy should address liability arising from their work. It’s common for policies to exclude claims related to subcontractor work, so it’s essential to either ensure your policy covers subcontractors or require subcontractors to carry their own insurance and name you as an additional insured.

5. Primary and Non-Contributory Coverage

New York contractors often work under agreements that require their liability insurance to be primary and non-contributory. This means that, in the event of a claim, your insurance will respond first, without seeking contribution from the additional insured’s coverage. Verify that your policy includes this provision, as it’s often a requirement for working with certain project owners and general contractors.

6. Defense Costs Coverage

Legal defense costs can quickly escalate during a lawsuit, even if the claim is frivolous. Look for policies where defense costs are covered outside of the liability limits. This ensures that legal fees do not erode the total amount available for settlements or judgments, keeping more coverage available for paying claims.

7. Exclusions and Endorsements

Be sure to carefully review the exclusions and endorsements on both your CGL and umbrella policies. Common exclusions for construction contractors include certain types of work, pollution claims, and professional liability. Additionally, make sure endorsements are appropriate to your needs and add necessary coverages, such as additional insured status for project owners.

8. Umbrella Policy Compatibility

Your umbrella policy should seamlessly extend coverage beyond the limits of your CGL policy. Ensure that it mirrors the terms and conditions of your underlying policies, as discrepancies between policies could lead to coverage gaps. It’s crucial that your umbrella policy “follows form,” meaning it applies the same terms and exclusions as your CGL policy.

9. Employer’s Liability Coverage

While your workers’ compensation policy covers injuries to employees, employer’s liability coverage—often included in CGL policies—provides protection for claims that fall outside the scope of workers’ compensation, such as third-party over claims or claims by employees alleging unsafe working conditions. Be sure this coverage is included, especially if your employees work in high-risk environments.

10. Claims-Made vs. Occurrence Policies

Another critical factor is whether your CGL and umbrella policies are claims-made or occurrence-based. Occurrence policies cover incidents that occur during the policy period, even if the claim is filed later. Claims-made policies only cover claims filed while the policy is in effect. Contractors typically prefer occurrence-based policies for the broader protection they offer.

BGES Group: Your New York Construction Insurance Experts

Navigating the complexities of commercial general and umbrella liability insurance can be daunting, but BGES Group is here to help. We specialize in providing comprehensive insurance solutions tailored to New York contractors. Whether you need help understanding policy limits, endorsements, or additional insured requirements, we’ll guide you through the process to ensure your business is fully protected.

If you need assistance in purchasing the right commercial general or umbrella liability insurance, contact Gary Wallach at BGES Group today. We offer expert advice and personalized service to ensure you get the coverage you need at competitive prices.

Reach out to Gary Wallach at 914-806-5853, via email at bgesgroup@gmail.com, or visit our website at www.bgesgroup.com for more information.

As a New York business owner, you’re no stranger to the complexities of managing workers’ compensation insurance. Perhaps your premiums have skyrocketed, or your claims are being mishandled. Maybe you’re feeling overlooked by an insurance company that doesn’t prioritize your business needs. If you’re dissatisfied with your current workers’ compensation provider, it’s time to explore a better option.

At BGES Group, we specialize in workers’ compensation insurance, providing personalized service and expert solutions to business owners throughout New York. With years of experience and a dedicated team of specialists, we understand the unique challenges you face and can help you resolve them swiftly and effectively. Our boutique-like service ensures you get the attention you deserve, helping you protect your employees while keeping your costs in check.

Here Are 10 Issues BGES Group Can Help You Solve:

1. High Premiums: We assess your current coverage and help reduce premiums by optimizing your policy to match your business needs.

2. Claims Handling: If you’re struggling with slow or ineffective claims processing, we step in to ensure claims are handled quickly and fairly, preventing costly delays.

3. Employee Classification: Incorrect employee classifications can result in inflated premiums. We help correct classifications to ensure you’re paying only what’s necessary.

4. Experience Modification Rate (EMR) Issues: A high EMR can drive up your premiums. We’ll help you develop strategies to lower your EMR and reduce your workers’ comp costs over time.

5. Lack of Coverage Options: If you’re stuck with limited policy options, BGES Group provides access to a wide range of coverage options tailored to your industry.

6. Audit Discrepancies: Workers’ comp audits can sometimes result in inaccurate assessments and surprise costs. We assist in preparing for and contesting audits to prevent unexpected expenses.

7. Compliance Problems: Struggling to stay compliant with New York State workers’ compensation laws? We’ll make sure your policies meet state requirements and avoid penalties.

8. Communication Gaps with Your Insurance Carrier: If your current insurer isn’t responsive, we provide direct access to our specialists who offer timely and clear communication, keeping you informed every step of the way.

9. Claims Prevention Strategies: Beyond just managing claims, we help you implement safety programs and loss prevention strategies to reduce workplace accidents and future claims.

10. Renewal Hassles: When it’s time to renew, we proactively work on your behalf to ensure you’re getting the best rates and coverage, saving you the stress of last-minute decisions.

If you’re tired of dealing with a workers’ compensation provider that doesn’t deliver, BGES Group is here to help. We offer expert advice, personalized service, and solutions that make a real difference in your business.

Contact BGES Group Today:

Gary Wallach

Workers’ Compensation Insurance Specialist

Phone: 914-806-5853

Email: bgesgroup@gmail.com

Don’t settle for less—let us show you how easy and affordable it can be to get the right workers’ compensation insurance for your business. Reach out today!

When it comes to renewing your insurance policies, staying informed is critical for New York contractors. Both commercial general liability (CGL) and workers’ compensation insurance are essential to protecting your business from costly claims and lawsuits. Here are ten important things to keep in mind during the renewal process:

1. Labor Law Coverage is a Must

In New York, Labor Laws 240 and 241 expose contractors to high liability risks for construction accidents. It’s crucial to have labor law coverage included in your CGL policy to protect against claims stemming from falls and other worksite injuries. Without this coverage, you may be personally liable for damages.

2. Review Additional Insureds Requirements

Most contracts require contractors to list the project owner and general contractor as additional insureds on their liability policies. Ensure your policy meets these requirements and provides adequate primary and non-contributory coverage.

3. Audit Adjustments in Workers’ Compensation

Workers’ compensation premiums are often subject to audits, where your payroll and classification codes are reviewed. Make sure your payroll records are accurate and that all employees are correctly classified to avoid unexpected premium hikes or penalties.

4. Subcontractor Coverage Verification

If you hire subcontractors, ensure they carry their own workers’ compensation and general liability insurance. You may be held liable if a subcontractor’s employee is injured on your job site and they are uninsured or underinsured.

5. General Liability Policy Limits

With rising construction costs and legal risks, confirm that your general liability limits are high enough to cover potential claims. Consider increasing your policy limits or purchasing an umbrella liability policy for additional protection.

6. Know the Impact of Loss History

Insurance carriers look closely at your loss history when renewing policies. A history of frequent claims can lead to increased premiums or even non-renewal. It’s important to implement safety protocols and risk management strategies to minimize claims and improve your renewal terms.

7. Ensure Adequate Coverage for Action Over Claims

Action over claims occur when a subcontractor’s employee is injured, files a workers’ compensation claim, and then sues the general contractor or project owner. Make sure your CGL policy covers action over claims, as these lawsuits can lead to significant payouts.

8. Beware of Exclusions and Gaps in Coverage

Examine your policy for any exclusions that could leave you vulnerable, such as exclusions for certain high-risk activities like roofing or demolition. Ensure your policy fully covers your scope of work, including any niche services your business provides.

9. Verify Compliance with State Regulations

New York has specific insurance requirements for contractors, especially regarding workers’ compensation. Non-compliance can lead to fines, stop-work orders, or lawsuits. Review your coverage to ensure it complies with state laws and contractual obligations.

10. Work with a Specialist Broker

Not all insurance brokers understand the complexities of New York construction insurance. Working with a broker who specializes in contractors’ insurance can help ensure you get the right coverage at competitive rates, avoid costly mistakes, and stay compliant with state regulations.

BGES Group: New York’s Contractor Insurance Specialist

Renewing your general liability and workers’ compensation insurance doesn’t have to be a hassle. BGES Group, led by industry veteran Gary Wallach, specializes in helping New York contractors secure the right insurance solutions. With years of experience and deep knowledge of the construction industry, BGES Group understands the unique challenges contractors face, including labor law coverage, subcontractor verification, and audit preparation.

Whether you’re looking to renew your current policies or explore new options, BGES Group offers personalized service and tailored solutions to meet your needs. Let us help you protect your business and reduce your insurance costs.

Contact Gary Wallach at BGES Group today:

• Phone: 914-806-5853

• Email: bgesgroup@gmail.com

• Website: bgesgroup.com

Get in touch with us to ensure your business has the coverage it needs to thrive in the ever-challenging New York construction industry.