As a New York contractor, you know that finding the right workers’ compensation insurance can be a challenge. With fluctuating rates, complex audits, and the risk of cancellation due to claims, it’s easy to feel overwhelmed. That’s where BGES Group comes in. Here are five key reasons why contractors like you trust BGES Group to handle their workers’ compensation insurance needs.

1. Competitive Programs Tailored for New York Contractors

BGES Group understands that each contractor’s needs are unique, which is why we offer a range of programs specifically designed for New York contractors. Our companies provide competitive rates that are hard to beat, along with coverage stability you can rely on. Whether you’re a small contractor or managing a larger operation, we have a program that fits your business. This personalized approach ensures that you get the best possible coverage at a price that won’t break the bank.

2. Assistance When Facing Cancellation

If you’re facing cancellation by your current insurance provider, BGES Group is here to help. We specialize in assisting contractors who find themselves in this stressful situation. Whether the cancellation is due to claims history or other reasons, we can quickly step in to secure new coverage, ensuring that your business remains protected without any lapses. Our extensive network of insurers means we can find a solution that works for you, even when others have said no.

3. Support After a Run of Bad Luck

Contracting is a risky business, and sometimes bad luck strikes. If you’ve had a series of unfortunate events leading to significant losses and your insurer is threatening to drop you, BGES Group can step in to provide the support you need. We have experience working with contractors in tough situations, and we can find you new coverage that allows you to continue operating without interruption. Our goal is to help you rebuild and move forward, rather than leaving you vulnerable in a challenging time.

4. Simplified Audits to Save You Time and Money

One of the biggest headaches for contractors is the annual workers’ compensation audit. The paperwork, the accounting fees, and the time it takes can be overwhelming. At BGES Group, we understand this frustration and offer programs that require minimal paperwork during audits. This can save you thousands in accounting fees and countless hours of your time. Our streamlined audit processes are designed to make your life easier, allowing you to focus on running your business rather than drowning in paperwork.

5. Comprehensive Plans with Payroll and Group Health Insurance

BGES Group offers a unique plan that combines payroll services, workers’ compensation, and group health insurance into one package. This integrated approach not only simplifies your administrative tasks but also provides significant cost savings. Contractors who take advantage of this plan can see savings of up to 30% across the board. By bundling these essential services together, we make it easier for you to manage your business’s financial obligations while ensuring your employees are well-protected.

Recovering Overpayments with No Upfront Cost

Did you know that you could be owed money from past workers’ compensation policies due to overpayments or mistakes? BGES Group offers a program that helps you recover these funds with no upfront cost to you. Our contingency fee-based program means that we do all the work, and you only pay if we recover money for you. This could mean tens or even hundreds of thousands of dollars back in your pocket—money that you can reinvest in your business.

Additional Challenges Contractors Face

Contractors often face other challenges as well, such as dealing with rising insurance premiums, navigating complicated claims processes, and struggling to find coverage that aligns with their specific needs. BGES Group is equipped to handle these issues, offering personalized solutions that help you overcome these obstacles. We understand the construction industry and the unique risks you face, and we are committed to finding the best insurance options to protect your business.

Contact BGES Group Today

If you’re ready to take control of your workers’ compensation insurance and want to work with a group that truly understands your needs, contact BGES Group today. We can help you find better coverage, reduce your costs, and make your life easier. For more information, reach out to Gary Wallach at 914-806-5853 or email him at bgesgroup@gmail.com.

Don’t let insurance challenges hold your business back. Turn to BGES Group, and let us help you protect what you’ve worked so hard to build.

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

A hurricane can grind a business’s operations to a halt, possibly for a long period of time. But if weather forecasts warn that a hurricane is approaching, there are steps you can take to prepare and recover.

You’ll have to plan for both windstorm damage as well as possible flooding as claims for the latter continue to grow as storm surges grow increasingly higher due to climate change and rising sea levels.

Fortunately, you can take the following steps to minimize losses, soften the financial impact, and enable operations to resume quickly.

Make sure employees are safe — If a hurricane is imminent, workers belong with their families, either at home or evacuated to a safe location. Showing genuine concern for employee safety is the right thing to do, promotes good workplace morale, and helps ensure that your workforce will be available when you resume operations.

Collect employees’ cell phone numbers and personal e-mail addresses so you can keep each other informed.

Know your insurance coverage — The business may need to make claims against its property and auto insurance after a hurricane. It is important to review policies to make sure the business has bought enough coverage to replace buildings, furniture and equipment. Increases should be requested, if necessary.

Be aware that flood insurance policies typically have a 30-day waiting period before they provide coverage, so this coverage will not help if it is purchased the day before a hurricane arrives. Keep contact information for insurance agents and companies handy in case you have to submit claims.

Protect property and vehicles — To the extent feasible, cover windows and move vulnerable property and vehicles to safe locations. Back up electronic data and ensure that the copies are stored offsite in servers far from the hurricane zone.

Unplug electronic equipment if possible to avoid damaging power surges. Test emergency backup power generators to protect temperature-sensitive stock such as food and medicine. Keep emergency first responder phone numbers handy.

Monitor the storm’s progress — The media will cover the storm non-stop, so stay informed. Do not attempt to travel to the business location until local authorities announce that it is safe to do so.

Protect property from further damage after the storm — If safe to do so, cover broken windows and damaged roofs; pump out standing water; use fans to start drying out water-damaged flooring; remove perishable stock to alternate locations; and protect or move electronic equipment.

Many business property insurance policies will pay to offset some of the cost of protective measures.

Communicate with employees — It is important that they know about when work will resume.

Contact insurance providers immediately to report damage — Cooperate with them fully during the claim process.

Document losses — Take photos or videos of the damage. If available, use drones to record videos of roof damage. Create written descriptions of damaged property. Gather receipts and other documents to establish the age and replacement cost of property.

Collect information to support business-income insurance claims, including past and projected sales records, payroll records, invoices for necessary continuing services such as fuel supplies, and business expense records. Obtain repair estimates on damaged vehicles.

The takeaway

Hurricanes are devastating events for businesses. Around 75% of organizations that lack a continuity plan will fail within three years of a natural disaster.

But it does not have to be that way. With advance planning and thoughtful action afterward, a business can survive a hurricane.

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

Protests and mass demonstrations that can sometimes descend into rioting and civil unrest are becoming more common not just in the U.S., but all over the world. Businesses can sometimes unwittingly become collateral damage from vandalism and looting.

It doesn’t have to be a retail establishment; office buildings and other commercial properties can also face looting and damage during civil unrest. For business owners whose properties are damaged or destroyed, the ordeal can be both unsettling and stressful as they wrestle with the specifics of filing insurance claims.

Fortunately, you don’t need special insurance policies to cover these events. Your basic commercial property policy and commercial auto (if you have business vehicles that are damaged) will usually suffice.

Here’s a look at what your policies may cover and how to prepare for filing a claim if your business is damaged during rioting or civil unrest.

Property damage

Standard commercial property policies cover damage to a business property caused by fire, explosion, riot or civil commotion, vandalism or malicious mischief. This would include coverage to the structure, as well as any inventory, fixtures and other contents. Business owner’s policies also include this risk.

Damage payouts would be subject to sublimits (specific or blanket) for inventory, fixtures and other items, as well as the policy deductible.

Commercial vehicle damage

For business-owned vehicles to be covered for damage for these types of events, you’ll want to ensure that you have purchased comprehensive coverage, which is an optional, but highly recommended part of your policy.

Comprehensive coverage may cover a vehicle if it is:

• Stolen,
• Damaged, or
• Destroyed.

One of the most common damages to vehicles during riots is broken windshields, which you can usually get covered with an optional glass coverage rider.

Business interruption coverage

Companies that are forced to close as a result of rioting and looting damage may have coverage for business interruption under a business property policy.

Business interruption insurance may cover lost income if a company is unable to operate after its premises were damaged during a riot or social unrest. Coverage may also apply if a business suffers a loss of income because of curfews or if authorities bar access to a property.

Coverage is typically triggered if there is direct physical damage to the premises.

Filing a claim

When filing a claim, read your policy or give us a call to determine how to best present it. It’s important to understand the policy’s limits and deductibles before spending time documenting losses that may not be covered.

If you are going to file a claim, document all damage. Keep receipts for all your inventory and fixtures.

In the event of a claim:

• Take photos of all damage.
• Contact your agent and file a claim immediately.
• Clean up to protect your building, but do not make major repairs until you talk to the insurance company.
• Keep receipts for any remediation work.

If you’re going to file a business interruption insurance claim, you will need:

• Pre-riot financial statements and income tax returns.
• Post-riot business records.
• Copies of current utility bills, employee wage and benefit statements, and other records showing continuing operating expenses.
• Receipts for building materials, a portable generator and other supplies needed for immediate repairs or remediation.
• Paid invoices from contractors, security personnel, media outlets and other service providers.
• Receipts for rental payments, if you move your business to a temporary location.

Note: Many policies require a 72-hour waiting period before a policyholder can begin making a business interruption claim. That’s because the first three days of business shutdown, access constraints or limited hours of operation because of a civil authority action, are often excluded from coverage.

There may also be a limit to the claim period. A standard limit is up to three weeks of 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

When it comes to workers’ compensation insurance for New York contractors, two key terms often come into play: NYCPAP Credit and Payroll Cap. While they both relate to how workers’ compensation premiums are calculated, they serve different purposes and can have a significant impact on your insurance costs. Understanding the difference between these two can help you better manage your workers’ compensation expenses and ensure you’re getting the best value from your insurance policy.

NYCPAP Credit: What Is It?

The New York Construction Premium Adjustment Program (NYCPAP) Credit is designed to help contractors who pay higher wages by providing a credit that reduces their workers’ compensation insurance premiums. The idea behind the program is that contractors who pay higher wages are likely hiring more experienced, and therefore safer, workers, which reduces the likelihood of workplace injuries.

To qualify for the NYCPAP Credit, your company’s average hourly wage must meet or exceed a threshold set by the New York Compensation Insurance Rating Board (NYCIRB). The threshold is adjusted annually, so it’s essential to stay updated on the current requirements.

How NYCPAP Credit Works:

1. Eligibility: To be eligible for the credit, you must report your employees’ total wages and hours worked on a quarterly basis. If your average wage meets the NYCIRB threshold, you will qualify for the credit.

2. Credit Application: The credit is then applied directly to your workers’ compensation premium. The higher your wages, the larger your potential credit, which can lead to significant savings on your premium.

3. Calculation: The exact credit amount is determined based on a sliding scale that compares your average hourly wage to the threshold. The closer your wages are to the upper end of the scale, the greater the credit.

Payroll Cap: What Is It?

The Payroll Cap, on the other hand, refers to the maximum amount of payroll that can be used when calculating workers’ compensation premiums for specific high-wage employees, typically in executive and trades roles. The purpose of the payroll cap is to prevent excessively high workers’ compensation premiums for employers who pay substantial salaries.

In New York, the payroll used to calculate premiums is capped for these higher-earning employees. This means that no matter how high the actual payroll is, only a portion up to the cap is used in premium calculations. This cap is also set by the NYCIRB and may vary depending on the classification code.

How Payroll Cap Works:

1. Applicability: The payroll cap primarily applies to executive officers and certain other high-wage trades employees. It is not applicable to all employees, making it particularly relevant for companies with a few key individuals earning significantly higher salaries.

2. Calculation: When calculating workers’ compensation premiums, the insurer will apply the payroll cap to the eligible employees’ payroll. For example, if the payroll cap is $1,500 per week, and an trades employee earns $2,500 per week, only $1,500 of that payroll will be used in the premium calculation.

3. Impact on Premiums: The payroll cap helps to lower the workers’ compensation premiums for businesses with high-wage earners by limiting the amount of payroll considered in the premium calculation.

NYCPAP Credit vs. Payroll Cap: Key Differences

While both the NYCPAP Credit and Payroll Cap influence workers’ compensation premiums, they operate in different ways:

– NYCPAP Credit: This credit reduces the overall premium for contractors who pay higher-than-average wages. It’s designed to reward companies that likely employ more experienced workers by lowering their insurance costs.

– Payroll Cap: This cap limits the payroll amount used to calculate premiums for high-wage earners, thus preventing excessive premiums for companies with a small number of high-earning employees.

In essence, the NYCPAP Credit is an incentive for paying higher wages across the board, while the Payroll Cap is a protective measure to prevent overly inflated premiums due to a few high salaries.

How Do They Work Together?

For New York contractors, both the NYCPAP Credit and the Payroll Cap can be utilized to manage workers’ compensation insurance costs effectively. By qualifying for the NYCPAP Credit, you can reduce your overall premium, while the Payroll Cap can ensure that the wages of high-earning employees do not disproportionately impact your insurance costs.

It’s important to work closely with your insurance broker to ensure that both the NYCPAP Credit and Payroll Cap are correctly applied to your policy. Misunderstanding or overlooking these elements can result in higher premiums than necessary.

Why Choose BGES Group?

Navigating the complexities of workers’ compensation insurance in New York can be challenging, especially with factors like the NYCPAP Credit and Payroll Cap in play. That’s where BGES Group comes in. As specialists in construction workers’ compensation insurance, we have the expertise to help you understand and leverage these programs to your advantage.

If you need help finding new workers’ compensation insurance or want to ensure you’re getting the best deal, contact Gary Wallach at 914-806-5853 or email him at bgesgroup@gmail.com. At BGES Group, we’re dedicated to helping New York contractors secure the coverage they need at competitive rates, with personalized service that makes a difference.

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

Business owners know that choosing the right payroll service, workers’ compensation insurance, and group health insurance can make or break the efficiency and morale of their workforce. Unfortunately, many business owners find themselves stuck with subpar services that don’t quite meet their needs, whether it’s due to high costs, poor service, or limited options. If you’re a business owner dissatisfied with your current payroll service, workers’ compensation, or group health insurance provider, BGES Group offers a powerful alternative that can significantly streamline your operations and provide peace of mind.

Comprehensive Plans Tailored to Your Needs

BGES Group understands that every business is unique, and so are its needs. That’s why they offer comprehensive plans that combine payroll services, workers’ compensation, and group health insurance into one seamless package. This approach not only simplifies the administrative burden on your business but also ensures that all aspects of employee management are handled with a high level of expertise.

By choosing BGES Group, you gain access to several plan options that are designed to suit various business sizes and industries. Whether you run a small startup or a large corporation, BGES Group has a plan that fits your requirements. Their flexible offerings allow you to select the coverage levels and service options that best align with your company’s needs, ensuring you’re not paying for services you don’t need while still covering all your bases.

Competitive Rates and Pricing Stability

One of the key concerns for business owners is the cost of these essential services. BGES Group is proud to offer competitive rates that make it easier for businesses to manage their finances without sacrificing the quality of their payroll, workers’ compensation, or group health insurance services. Unlike other providers, BGES Group focuses on providing pricing stability, so you’re not caught off guard by unexpected rate hikes. This allows you to budget with confidence, knowing that your costs will remain predictable.

Exceptional Service You Can Rely On

When it comes to service, BGES Group stands out from the competition. They pride themselves on delivering excellent service that’s tailored to each client’s specific needs. Whether you need help managing payroll, processing a workers’ compensation claim, or navigating the complexities of group health insurance, the BGES Group team is there to support you every step of the way.

Their experienced professionals are not only knowledgeable but also dedicated to ensuring that you receive the best possible service. This commitment to excellence means that when you partner with BGES Group, you’re not just another client—you’re a valued partner who can expect personalized attention and prompt responses to any inquiries or issues that may arise.

Flexible Options for Coverage and Service

BGES Group’s plans are designed to offer flexibility, allowing you to choose the level of coverage and service that best meets your business’s needs. Whether you need comprehensive coverage for a large workforce or a more streamlined plan for a smaller team, BGES Group can provide the perfect solution. Their plans are structured to offer a variety of options, ensuring that you can find the right balance between coverage, cost, and service.

This flexibility extends to the way BGES Group works with your business. They understand that needs can change over time, which is why their plans are adaptable. As your business grows or your circumstances change, BGES Group will work with you to adjust your plan to ensure it continues to meet your needs.

Stability and Peace of Mind

In today’s rapidly changing business environment, stability is more important than ever. BGES Group’s plans are designed to provide not only cost stability but also the peace of mind that comes with knowing your payroll, workers’ compensation, and group health insurance needs are in expert hands. With BGES Group, you can focus on running your business while they take care of the rest.

Contact BGES Group Today

If you’re a business owner who’s unhappy with your current payroll service, workers’ compensation, or group health insurance, now is the time to explore the options available through BGES Group. With their comprehensive plans, competitive rates, and exceptional service, BGES Group is the smart choice for businesses looking to streamline their operations and ensure their employees are well taken care of.

For more information about how BGES Group can help your business, contact Gary Wallach at 914-806-5853 or email bgesgroup@gmail.com. Discover how BGES Group can transform your approach to payroll, workers’ compensation, and group health insurance today.

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

Workers’ compensation insurance is a critical safety net for employees who suffer work-related injuries. However, some employees might abuse this system by filing fraudulent claims, leading to higher insurance premiums and potentially causing financial strain on businesses. As a New York contractor, if you suspect that an employee is filing a fraudulent workers’ compensation claim, it’s essential to act swiftly and appropriately to protect your business. This article will guide you through the steps you should take and highlight three of the most commonly fraudulent claims filed by employees. We’ll also discuss how BGES Group, a workers’ compensation insurance specialist, can help you navigate these challenges.

Steps to Take When Suspecting a Fraudulent Claim

1. Gather Evidence:

  The first step in addressing a suspected fraudulent claim is to gather as much evidence as possible. This includes documenting the employee’s injury report, reviewing surveillance footage, and collecting witness statements. If the claim involves a supposed injury that occurred on-site, inspect the area for any signs that could confirm or disprove the employee’s account.

2. Consult Your Insurance Provider:

  Once you have gathered your evidence, consult with your workers’ compensation insurance provider. They can guide you on the appropriate steps and may initiate an investigation into the claim. Your insurance provider may also engage third-party investigators to further examine the situation.

3. Report to the Workers’ Compensation Board:

  If the evidence strongly suggests fraud, you should report the incident to the New York State Workers’ Compensation Board. They will review the claim and determine if it should be denied based on fraudulent activity. It’s important to follow this step to ensure that the claim is handled legally and transparently.

4. Stay Compliant:

  Throughout the process, ensure that you remain compliant with all state and federal laws regarding workers’ compensation. Mishandling a suspected fraudulent claim can lead to legal repercussions for your business.

5. Communicate with the Employee:

  While you should be cautious about directly confronting the employee, it’s essential to maintain open communication. Keep them informed about the claim’s progress and ensure they understand their responsibilities. However, avoid making any accusations without solid evidence, as this could lead to legal complications.

Three Commonly Fraudulent Workers’ Compensation Claims

1. Exaggerated Injuries:

  One of the most common types of fraudulent claims involves employees exaggerating the severity of their injuries. They may claim that a minor injury is far more debilitating than it actually is, leading to extended time off work and increased benefits.

2. Off-Site Injuries Reported as Work-Related:

  Some employees may sustain injuries outside of work but falsely report them as work-related to receive workers’ compensation benefits. This type of fraud can be challenging to detect, especially if the injury could have reasonably occurred on the job.

3. Phantom Injuries:

  In more extreme cases, an employee might file a claim for an injury that never occurred. They may fabricate a story about an accident at work and even go as far as faking symptoms to receive compensation.

How BGES Group Can Help

Navigating the complexities of workers’ compensation insurance, especially when dealing with fraudulent claims, can be overwhelming for any contractor. That’s where BGES Group comes in. As specialists in workers’ compensation insurance, BGES Group understands the unique challenges faced by New York contractors. They can provide expert advice on handling fraudulent claims, help you review your current policy, and assist in obtaining new coverage if your current policy is at risk of cancellation or if your rates are skyrocketing.

With years of experience in the industry, BGES Group offers a personalized approach to insurance, ensuring that your business is protected with the right coverage at the best possible rates. Whether you’re facing a fraudulent claim or simply want to ensure that your workers’ compensation policy is up to date, BGES Group is here to help.

Conclusion

Fraudulent workers’ compensation claims can have severe financial implications for New York contractors. By taking the right steps—gathering evidence, consulting your insurance provider, and staying compliant with regulations—you can protect your business from these fraudulent activities. And with the support of BGES Group, you can ensure that your workers’ compensation insurance remains robust and affordable, even in the face of challenges. If you’re concerned about fraudulent claims or need to review your current policy, don’t hesitate to reach out to BGES Group for expert guidance.

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 securing workers’ compensation insurance, contractors in the Tri-State area face unique challenges. BGES Group is here to make the process easier, offering comprehensive coverage with a personal touch. Here are ten reasons why you should turn to BGES Group for your workers’ compensation insurance:

1. Specialized Expertise in Construction: BGES Group specializes in workers’ compensation insurance for contractors. We understand the specific risks associated with the construction industry and tailor our policies to meet your needs.

2. Access to Competitive Rates: We have strong relationships with a variety of insurance carriers, allowing us to provide you with competitive pricing options that can help you save money on your premiums without sacrificing coverage.

3. Comprehensive Coverage Options: Whether you’re a general contractor or a subcontractor, BGES Group offers a range of coverage options to ensure that your business is fully protected in case of an accident or injury on the job.

4. Mom-and-Pop, Boutique-Like Service: At BGES Group, we pride ourselves on providing personalized service that you won’t find at larger firms. When you call us, you’ll be connected to a knowledgeable professional within seconds who can address your concerns and get the job done efficiently.

5. Fast and Efficient Claims Processing: In the event of a claim, BGES Group ensures that your claim is processed quickly and efficiently, minimizing downtime and keeping your business running smoothly.

6. Tailored Insurance Solutions: We don’t believe in one-size-fits-all policies. BGES Group takes the time to understand your business and creates a customized insurance solution that fits your unique needs.

7. Proven Track Record of Success: With years of experience in the industry, BGES Group has built a reputation for helping contractors secure the best coverage at the most competitive rates. Our clients trust us to protect their businesses.

8. Ongoing Support and Guidance: Insurance needs can change over time, and BGES Group is there to provide ongoing support and guidance. We’ll help you adjust your coverage as your business grows and evolves.

9. Special Programs for High-Risk Contractors: BGES Group offers specialized programs for high-risk contractors, including those involved in roofing, demolition, and asbestos work. We can help you secure the coverage you need to protect your business from the unique risks associated with these trades.

10. Personalized Risk Management Advice: Beyond providing insurance coverage, BGES Group offers personalized risk management advice to help you minimize your exposure to potential claims and reduce your insurance costs over time.

What Client’s and Other Contractors Who Have Called for Help Are Saying About BGES Group

1. Nick C. –    Gary was super helpful and got me a workers comp quote in minutes. Highly recommend BGES Group. And he’s funny!                                                                                                               

2. Tom C. – Gary did a Great Job, he sent me numerous quotes for my Comp Ins. Then he advised me as to which one would be best for my Company.  Thank you I appreciate the assistance

3. Kevin M. – Gary Wallach of BGES group is amazing. He helped me insure my construction project and he made it easy. Not only did he help save me money but more importantly he got me the insurance that I need.
Gary is a great guy. I would highly recommend him for all your insurance needs.

4. Seamus R. – You can’t ask for anyone more genuinely helpful and ready to help you out than Gary. I was between a rock and a hard place with these national sized insurance companies and I didn’t know what I was going to do but thank goodness I called Gary who immediately wanted to help me sorted out. A wealth of knowledge on the subject and a really nice guy. THANKS GARY!

5. Lawrence A. – Gary is one of a kind broker. He always respond to our emails right away. He always do his best to find the right policy for us. It is a pleasure to work with, he is always there when you need him.

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

Workers’ compensation insurance is crucial for New York contractors, especially when your employees work across state lines. This coverage protects both the employer and the employee in case of workplace injuries, ensuring that medical expenses and lost wages are covered. However, when employees are working out of state for extended periods, the complexities of workers’ compensation can become more pronounced. Below, we explore three different scenarios involving New York contractors with employees working out of state and how workers’ compensation insurance applies in each situation.

Scenario 1: Office in New York, Worker Lives in New York, Injury Occurs in New York

In this scenario, both the employer’s office and the worker’s residence are in New York, and the injury occurs on a job site within New York. The situation is straightforward: New York workers’ compensation laws apply, and the claim is processed under New York’s workers’ compensation system.

Key Points:

– The worker is entitled to benefits according to New York’s workers’ compensation laws.

– The employer’s policy, assuming it covers New York, will handle the claim.

– There’s no need for additional coverage or cross-state considerations.

Scenario 2: Office in New York, Worker Lives in New York, Injury Occurs in New Jersey

Here, the employer’s office and the worker’s residence are both in New York, but the injury occurs on a job site in New Jersey. This situation requires more attention to detail. Although the worker is primarily covered under New York’s workers’ compensation insurance, New Jersey’s laws could also come into play, particularly if the worker sues for additional benefits under New Jersey’s jurisdiction.

Key Points:

– New York workers’ compensation will generally cover the injury, but the worker might have the option to pursue benefits under New Jersey’s laws.

– It’s crucial for the employer to ensure their workers’ compensation policy extends coverage to New Jersey.

– Cross-state coverage needs to be explicitly stated in the insurance policy to avoid gaps.

Scenario 3: Office in New York, Worker Lives in New Jersey, Injury Occurs in New Jersey

In this scenario, the employer’s office is in New York, but the worker resides and is injured in New Jersey. This situation is the most complex, as both New York and New Jersey workers’ compensation laws may be applicable. The employee might seek to file a claim under New Jersey’s system due to their residence and the location of the injury, even though the employer is based in New York.

Key Points:

– The worker can likely file a claim under New Jersey workers’ compensation law.

– The employer must ensure that their workers’ compensation policy covers out-of-state employees and provides adequate coverage in New Jersey.

– Without appropriate coverage, the employer could face legal complications or uncovered claims.

Why Choose BGES Group for Your Workers’ Compensation Needs?

Navigating workers’ compensation insurance can be challenging, especially when your employees work out of state. At BGES Group, we specialize in workers’ compensation insurance and understand the intricacies of multi-state coverage. Whether your employees are working in New York, New Jersey, or beyond, we can help you find a policy that offers comprehensive protection.

If you’re unsure whether your current policy provides the coverage you need, or if you’re looking to switch to a new company, BGES Group is here to assist. Contact Gary Wallach at 914-806-5853 or email him at bgesgroup@gmail.com to discuss your options.

What Client’s and Contractors Who Have Called for Help Are Saying About BGES Group

Here are five reviews from client’s and people who have called for help say that highlight the exceptional service and expertise of BGES Group:

1. Nick C. –    Gary was super helpful and got me a workers comp quote in minutes. Highly recommend BGES Group. And he’s funny!

2. Tom C. – Gary did a Great Job, he sent me numerous quotes for my Comp Ins. Then he advised me as to which one would be best for my Company.  Thank you I appreciate the assistance

3. Kevin M. – Gary Wallach of BGES group is amazing. He helped me insure my construction project and he made it easy. Not only did he help save me money but more importantly he got me the insurance that I need.
Gary is a great guy. I would highly recommend him for all your insurance needs.

4. Seamus R. – You can’t ask for anyone more genuinely helpful and ready to help you out than Gary. I was between a rock and a hard place with these national sized insurance companies and I didn’t know what I was going to do but thank goodness I called Gary who immediately wanted to help me sorted out. A wealth of knowledge on the subject and a really nice guy. THANKS GARY!

5. Lawrence A. – Gary is one of a kind broker. He always respond to our emails right away. He always do his best to find the right policy for us. It is a pleasure to work with, he is always there when you need him.

When it comes to protecting your business and your employees, trust the experts at BGES Group. Reach out to Gary Wallach at 914-806-5853 or bgesgroup@gmail.com to get started today.

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

Choosing the right workers’ compensation policy is essential for protecting your business and your employees. In the state of New York employers have a choice between state-administered workers’ compensation policies and those offered by private insurance companies. While both options provide necessary coverage, there are notable differences in coverage, pricing, service, and claims handling that should be considered when making your decision.

Coverage

One of the most significant differences between private insurance companies and state workers’ compensation policies lies in the scope of coverage. State-administered workers’ compensation plans are typically limited to the borders of the state. For instance, if you have a New York state plan, it will only cover workers’ compensation benefits within New York (the state has an option for obtaining out-of-state coverage). This can pose challenges for businesses that operate in multiple states, as they would need to secure separate policies for each location.

Private insurance companies, however, offer more flexible coverage options. Many private insurers provide multi-state coverage under a single policy, making it easier to manage workers’ compensation for businesses with employees across state lines. This flexibility ensures consistent coverage for all your employees, regardless of where they work.

Pricing

Pricing structures also differ significantly between private insurance companies and state workers’ compensation policies. In New York, state workers’ compensation insurance is available through two types of state-administered plans: Group 90 and safety groups. Group 90 represents the general pool of businesses, with rates that are often based on industry averages rather than the specific risk profile of an individual business. Safety groups, on the other hand, are tailored for specific industries and may offer lower rates if the group maintains a strong safety record.

Private insurance companies typically assess the unique risks associated with your business and offer more competitive pricing based on those factors. If your business has a lower risk level, a private insurer may be able to offer you better rates than the standardized pricing of state plans. This tailored approach can result in significant savings for businesses with strong safety protocols.

Service

Service quality can also vary between state workers’ compensation policies and private insurance companies. State-administered plans, like those offered through New York’s Group 90 and safety groups, may have limited resources, which can lead to longer response times and less personalized service. This can be particularly frustrating when dealing with complex claims or when seeking advice on risk management.

Private insurance companies, particularly those specializing in workers’ compensation, often provide more comprehensive and responsive service. They usually offer dedicated account managers, access to industry-specific safety and risk management consultants, and more tailored support. This personalized service can help prevent workplace injuries and ensure that any claims are handled efficiently.

Claims

The claims process is another area where there can be significant differences between state-administered workers’ compensation policies and those offered by private insurance companies. State funds, such as New York’s Group 90, may have more bureaucratic procedures that can slow down the claims process. This can result in delays in getting injured employees the benefits they need, which can impact your business’s productivity and employee satisfaction.

Private insurance companies generally have more streamlined claims processes. With dedicated claims adjusters and more efficient handling procedures, private insurers often resolve claims faster, ensuring that your employees receive timely benefits and that your business experiences minimal disruption.

State Workers’ Compensation Options in New York

In New York, state workers’ compensation policies are primarily available through two plans: Group 90 and safety groups. Group 90 is the general pool available to all businesses, offering standardized rates and coverage. Safety groups are designed for specific industries, providing potential savings and tailored coverage for businesses that maintain strong safety records.

Conclusion

When deciding between private insurance companies and state workers’ compensation policies, it’s important to consider the differences in coverage, pricing, service, and claims handling. Private insurers often offer more flexibility, competitive pricing, personalized service, and faster claims processing, making them an attractive option for many businesses.

BGES Group is one of the Tri-State area’s leading workers’ compensation specialists. We understand the complexities of workers’ compensation insurance and can help you find the right coverage for your business. Whether you’re considering a state plan or exploring options with private insurers, we have the expertise to guide you through the process.

If you need help obtaining a new workers’ compensation policy, contact Gary Wallach at 914-806-5853 or bgesgroup@gmail.com today to learn how BGES Group can assist you.

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 would like to speak with us, call Gary Wallach at 914-806-5853, click here to email, or click here to 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

In the construction industry, action over claims are a common yet complex issue that can have significant financial implications for contractors in New York. Understanding the roles and responsibilities of each party involved—subcontractor, general contractor, and project owner—is crucial for minimizing risk and ensuring adequate insurance coverage.

The Parties Involved

Subcontractor: The subcontractor is often responsible for specific tasks within a larger construction project. They are typically required to carry general liability insurance and must list both the general contractor and the project owner as additional insureds. Furthermore, the subcontractor must ensure that their coverage is primary and non-contributory, meaning their insurance will respond first in the event of a claim, without seeking contribution from the other parties’ insurance policies. Additionally, the subcontractor is required to carry labor law coverage, which protects against claims arising under New York Labor Laws 240 and 241, which deal with worker safety on construction sites.

General Contractor: The general contractor oversees the entire construction project and coordinates the work of various subcontractors. There is typically an insurance agreement in place between the general contractor and the subcontractor, requiring the subcontractor to carry the aforementioned coverages. This agreement ensures that the general contractor is protected from liability in the event of a claim arising from the subcontractor’s work.

Project Owner: The project owner is the entity financing and commissioning the construction project. Like the general contractor, they are often listed as an additional insured on the subcontractor’s general liability policy, providing them with an added layer of protection against claims.

How Action Over Claims Unfold

Action over claims occur when an employee of the subcontractor is injured on the job, files a workers’ compensation claim, and then pursues legal action against the general contractor and project owner for negligence. Here are two examples of how these claims can play out:

Example 1: A Fall from a Scaffold

A subcontractor’s employee is working on a scaffold when it collapses, causing the worker to fall and sustain serious injuries. The employee files a workers’ compensation claim with the subcontractor’s insurer, receiving benefits for medical expenses and lost wages. However, under New York Labor Law 240 (commonly known as the “Scaffold Law”), the employee also sues the general contractor and project owner, alleging that they failed to provide a safe working environment.

Because the subcontractor had primary and non-contributory coverage in place, their insurance responds first to cover the legal defense and any potential settlement or judgment. The general contractor and project owner are covered as additional insureds under the subcontractor’s policy, which helps protect their own insurance policies from being tapped into. However, if the subcontractor’s coverage is insufficient, the general contractor’s and project owner’s policies could still be at risk.

Example 2: A Falling Object Incident

A worker for the subcontractor is struck by a falling object at the construction site, leading to severe head injuries. After filing a workers’ compensation claim, the employee decides to sue the general contractor and project owner, claiming that they failed to enforce proper safety protocols under New York Labor Law 241.

In this scenario, the subcontractor’s labor law coverage is crucial. The policy not only provides defense costs but also covers any damages awarded to the injured employee. Again, because the general contractor and project owner are listed as additional insureds, they are afforded protection under the subcontractor’s insurance. This setup helps prevent the general contractor and project owner from facing significant out-of-pocket expenses or an increase in their own insurance premiums.

The Importance of Proper Coverage

These examples illustrate the importance of having the right insurance in place. Without adequate coverage, a subcontractor could face devastating financial consequences, and the general contractor and project owner could be left exposed to significant liability. That’s where the expertise of BGES Group comes into play.

BGES Group specializes in New York construction insurance and understands the intricacies of action over claims. They work closely with contractors to ensure they have the necessary coverages, including general liability, umbrella liability, business auto and workers’ compensation insurance. With BGES Group’s help, contractors can obtain quality insurance at competitive pricing, giving them peace of mind on every project.

For more information on how BGES Group can help protect your construction business, contact Gary Wallach at 914-806-5853 or bgesgroup@gmail.com.

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