For business owners in New York, New Jersey, and Connecticut, the costs associated with payroll services, workers’ compensation insurance, and group health coverage can be a significant burden. Fortunately, BGES Group offers several comprehensive programs designed to help businesses save up to 30% on these essential services.

Comprehensive Payroll and HR Services

Managing payroll can be a complex and time-consuming task, especially for businesses with a large workforce. BGES Group offers several comprehensive payroll and HR services that streamlines this process, ensuring accuracy and compliance with all relevant regulations. By outsourcing these tasks to one of BGES Group’s programs, business owners can focus on running their operations more efficiently.

Inclusive Workers’ Compensation Insurance

Workers’ compensation insurance is a necessity for any business, protecting both employees and employers in the event of workplace injuries. BGES Group’s programs include robust workers’ compensation insurance, providing peace of mind and financial security. This integrated approach means business owners can manage payroll and workers’ compensation under one roof, simplifying administration and potentially reducing costs.

Optional Group Health Coverage

Group Health insurance is a critical component of employee benefits, helping to attract and retain top talent. Several of BGES Group’s programs offer the option to include group health coverage. By bundling health insurance with payroll and workers’ compensation services, businesses can often negotiate better rates and ensure their employees have access to quality healthcare.

Ideal for Various Industries

BGES Group’s programs are perfect for a wide range of industries, including:

– Contractors: Construction companies can benefit from streamlined payroll processes and comprehensive insurance coverage, reducing administrative burdens and mitigating risks.

– Manufacturers: Manufacturing firms can ensure their workers are protected and their payroll is managed efficiently, enhancing overall productivity.

– Moving and Storage Agents: Businesses in the moving and storage industry can take advantage of tailored insurance and payroll solutions, ensuring compliance and employee satisfaction.

– Truckers: Transportation companies can manage their payroll and insurance needs more effectively, focusing on delivering services and expanding their operations.

Benefits of Choosing BGES Group

BGES Group are specialists in providing integrated payroll and workers’ compensation insurance programs. Their expertise extends to offering group health coverage, making them a one-stop solution for business owners seeking to optimize their operational costs.

Cost Savings: By consolidating services, businesses can achieve significant savings, often up to 30%, compared to managing these services separately.

Expert Support: BGES Group provides expert support, ensuring all aspects of payroll, workers’ compensation, and health coverage are handled professionally and efficiently.

Customized Solutions: Each business is unique, and BGES Group’s programs tailor their services to meet the specific needs of each client, ensuring the best possible outcomes.

Streamlined Administration: With all services managed by one of BGES Group’s programs, businesses can simplify their administration, reduce paperwork, and improve overall operational efficiency.

For business owners unhappy with their current providers or those simply looking to reduce costs and improve service quality, BGES Group offers compelling solutions. By partnering with BGES Group, businesses in New York, New Jersey, and Connecticut can enjoy comprehensive payroll, workers’ compensation, and group health coverage services that are both cost-effective and tailored to their needs.

For more information or to get started with BGES Group’s program, contact Gary Wallach at 914-806-5853 or email bgesgroup@gmail.com. Take the first step towards significant savings and enhanced service today.

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

For contractors, having a comprehensive business auto policy is not just a regulatory requirement; it’s a vital component of managing risk and protecting their business assets. Given the unique nature of the construction industry, where vehicles are essential for transporting materials, equipment, and personnel, ensuring the right coverages and limits can be the difference between smooth operations and significant financial setbacks.

Primary Coverages in a Business Auto Policy

1. **Liability Coverage**: This is the cornerstone of any business auto policy. It covers bodily injury and property damage that the contractor or their employees may cause to others while operating company vehicles. Adequate liability limits are crucial, as accidents in the construction industry can lead to substantial claims. A common recommendation is to have at least $1 million in liability coverage, though higher limits may be necessary depending on the scale of operations and specific contract requirements.

2. **Physical Damage Coverage**: This includes collision and comprehensive coverage. Collision coverage pays for damage to the contractor’s vehicles resulting from collisions with other vehicles or objects, while comprehensive coverage handles non-collision-related incidents such as theft, vandalism, or natural disasters. Given the high cost of construction vehicles and equipment, ensuring these coverages are in place with appropriate limits is essential.

3. **Uninsured/Underinsured Motorist Coverage**: This protects the contractor and their employees if they are involved in an accident with a driver who either has no insurance or insufficient coverage. In an industry where road hazards and heavy traffic are common, this coverage provides an additional layer of financial protection.

Specialized Coverages for Contractors

In addition to the primary coverages, contractors should consider several specialized coverages tailored to their unique needs.

1. **Employer’s Non-Owned Auto Coverage**: Contractors often have employees who use their personal vehicles for company business. Employer’s non-owned auto coverage provides liability protection if an employee is involved in an accident while using their own car for work purposes. This coverage is crucial because the contractor’s liability exposure extends beyond the vehicles they own.

2. **Hired Auto Coverage**: Contractors frequently need to hire vehicles for temporary use. Whether it’s renting a truck for a large project or leasing additional vehicles during peak seasons, hired auto coverage ensures that these vehicles are covered under the business auto policy. This coverage protects against liability and physical damage for vehicles rented or leased in the company’s name.

3. **Drive Other Car Coverage**: This is particularly important for business owners who do not have personal auto policies. If the business owner rents a car while on vacation or for personal use, drive other car coverage extends the business auto policy’s liability and physical damage coverages to the rented vehicle. This ensures that the owner is protected even when driving a vehicle that is not owned by the business or listed on the business auto policy.

The Importance of Adequate Limits

Determining the right limits for a business auto policy is critical. While the minimum required limits might satisfy legal requirements, they often fall short in providing adequate financial protection. Contractors should work with their insurance specialists to assess their specific risks and determine suitable coverage limits. Factors such as the number of vehicles, the type and value of transported equipment, and the potential severity of accidents should be considered when setting limits.

Partnering with BGES Group for Optimal Coverage

Navigating the complexities of business auto policies can be daunting, especially for contractors who are focused on managing projects and meeting deadlines. This is where BGES Group can make a significant difference. As construction insurance specialists, BGES Group understands the unique risks and coverage needs of contractors. They offer tailored solutions that ensure comprehensive protection for business vehicles, employees, and operations.

Gary Wallach and his team at BGES Group bring years of expertise in the construction industry, providing personalized service and competitive pricing. They can help contractors assess their current coverage, identify gaps, and secure the necessary coverages and limits to safeguard their business.

Contact BGES Group

For expert assistance with your business auto policy and to ensure you have the right coverages and limits in place, reach out to BGES Group. Contact Gary Wallach at 914-906-5853 or email at bgesgroup@gmail.com. With their specialized knowledge and commitment to client success, BGES Group is the trusted partner for contractors seeking comprehensive and reliable insurance solutions.

Conclusion

A well-structured business auto policy is essential for contractors to protect their assets and manage risks effectively. By including primary coverages such as liability, physical damage, and uninsured/underinsured motorist coverage, along with specialized coverages like employer’s non-owned auto, hired auto, and drive other car coverage, contractors can ensure comprehensive protection. Partnering with construction insurance specialists like BGES Group ensures that contractors receive expert guidance and tailored insurance solutions to meet their specific needs.

Are you a business owner in New York, New Jersey, or Connecticut and having trouble securing new workers’ compensation coverage? Look no further than BGES Group. We offer several distinct programs tailored to meet your needs.

1. Guaranteed Cost Workers’ Compensation Coverage

Our stand-alone insurance program, also known as guaranteed cost workers’ compensation coverage, ensures predictable and stable rates. This option is ideal for businesses seeking consistent coverage without the worry of fluctuating costs.

2. Payroll Workers’ Compensation Program

Our payroll workers’ compensation program offers competitive rates and coverage stability. With over 25 years of experience, our program provides seamless integration of payroll and workers’ compensation services. The savings on rates can often offset the payroll service fee, making this a cost-effective solution for many businesses.

3. Comprehensive Payroll Service, Workers’ Compensation, and Group Health Programs

We offer integrated payroll, workers’ compensation, and group health programs. These plans not only provide competitive rates and excellent service but also help you save on accounting fees by filing many of your accounting documents. Additionally, you may find better coverage and savings on group health insurance compared to your current plan. These programs are perfect for businesses with past loss problems, those facing cancellations, wanting to avoid invasive annual audits, or needing assistance with human resource issues.

4. State and Assigned Risk Plans

As a last resort, we utilize state and assigned risk plans to ensure that every business owner can obtain coverage. These plans are designed to provide a safety net, guaranteeing that you have the protection you need.

Special Programs for Specific Industries:

– Auto Service

– Construction, especially in New York

– Limousine Service

– Manufacturing

– Transportation

If you need help, contact Gary Wallach at BGES Group. His number is 914-806-5853. Let us provide you with the coverage and support your business 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

New York, New Jersey, and Connecticut Employers: Looking for a Way to Reduce Your Payroll Service, Workers’ Compensation, and Group Health Insurance Costs? BGES Group Offers a Program That Can Do All Three!

As an employer in the Tri-State area, managing costs for payroll services, workers’ compensation, and group health insurance can be challenging. The good news is that BGES Group offers a comprehensive program that can help you save money on all three fronts.

Tailored Solutions for Your Business Needs

BGES Group understands that every business is unique. Whether you are looking to streamline your payroll services, reduce your workers’ compensation premiums, or find more affordable group health insurance options, BGES Group has the expertise to tailor solutions that fit your specific needs. Simply tell us what you aim to accomplish, and we will work diligently on your behalf to achieve your goals.

Specialists in Workers’ Compensation Insurance

As one of the Tri-State area’s leading workers’ compensation insurance specialists, BGES Group has helped hundreds of businesses save money over the years. Our deep understanding of the local market and the specific challenges faced by employers in New York, New Jersey, and Connecticut allows us to provide targeted and effective solutions.

Experience and Personalized Service

One of the significant benefits of working with BGES Group is our extensive experience. With 44 years of helping businesses navigate their insurance needs, we bring a wealth of knowledge and expertise to the table. Our clients appreciate the personalized service they receive. When you call us, you get immediate assistance from a knowledgeable professional, not a robot or an inexperienced customer service representative.

Immediate Assistance Without the Hassle

We understand the frustration of being placed on hold or dealing with automated systems when you need immediate assistance. At BGES Group, when you call us, you speak directly to a real person who is ready to help you with your specific needs. Our commitment to providing excellent customer service means you won’t have to deal with the inconvenience of being transferred from one department to another or explaining your issue multiple times.

Meet Gary Wallach, Your Go-To Expert

Gary Wallach, a veteran insurance expert, leads BGES Group. Gary’s hands-on approach ensures that each client receives the attention and expertise they deserve. He is dedicated to helping businesses find the best solutions for their payroll services, workers’ compensation, and group health insurance needs. When you call Gary at 914-806-5853, you can be confident that you are getting the best advice and support available.

Why Choose BGES Group?

– Proven Track Record: BGES Group has a long history of helping businesses save money and improve their insurance coverage.

– Expertise: With decades of experience, we understand the unique needs of employers in the Tri-State area.

– Personalized Service: We provide immediate, personalized assistance without the hassle of automated systems.

– Comprehensive Solutions: Our program addresses payroll services, workers’ compensation, and group health insurance, offering a one-stop solution for your business.

Don’t let high insurance and payroll costs burden your business. Contact Gary Wallach at BGES Group today and discover how we can help you save money while ensuring your business has the coverage it needs. Call 914-806-5853 or email bgesgroup@gmail.com and let us take care of your insurance needs so you can focus on running your business.

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

New York’s Labor Laws 240 and 241, commonly known as the “Scaffold Law,” play a pivotal role in the construction industry, particularly concerning contractor liability insurance costs. These laws impose strict liability on contractors and property owners for elevation-related injuries sustained by workers, making them crucial considerations in managing risk and insurance expenses.

Labor Law 240 (The Scaffold Law)

Labor Law 240 mandates that contractors and property owners provide adequate safety equipment to protect workers from elevation-related risks, such as falls from scaffolding, ladders, or other heights. If a worker is injured due to a fall or an object falling from a height, the contractor or property owner can be held absolutely liable, regardless of the worker’s own negligence.

Labor Law 241

Labor Law 241 extends protections to workers involved in construction, demolition, and excavation. It requires that specific safety protocols be followed to prevent accidents. This law encompasses a broader range of activities compared to Labor Law 240 and includes detailed regulations designed to ensure the safety of construction sites.

Impact on Contractor Liability Insurance Costs

The absolute liability imposed by these laws significantly impacts liability insurance costs for New York contractors. Insurers must account for the heightened risk of substantial claims, leading to higher premiums. These increased costs can strain contractors, particularly small to mid-sized businesses, who may struggle to afford the necessary coverage.

Examples of Labor Law Claims

1. Scaffold Collapse Incident: A worker on a scaffolding structure falls due to the scaffold collapsing. Despite the worker’s potential error in setting up the scaffold, the contractor is held liable under Labor Law 240. The resulting claim leads to substantial compensation costs.

2. Falling Object Accident: A construction worker is struck by a falling tool that was inadequately secured. Under Labor Law 240, the contractor is liable for the injury, leading to a significant insurance claim.

3. Unsafe Excavation Practices: A worker is injured in an excavation site where proper shoring was not provided. Under Labor Law 241, the contractor is liable for the injury, resulting in an expensive claim and higher insurance premiums.

Example of an Action Over Claim

An action over claim occurs when an injured worker sues a third party, such as a property owner, who then seeks indemnification from the contractor. For instance, if a subcontractor’s employee is injured and sues the property owner, the owner might file a claim against the general contractor for not providing a safe working environment. These claims add another layer of financial risk and complexity, further driving up insurance costs.

How BGES Group Helps Contractors Manage Insurance Costs

BGES Group specializes in construction insurance and understands the unique challenges posed by New York’s Labor Laws 240 and 241. By leveraging their expertise, BGES Group helps contractors obtain better pricing and quality coverage through several strategies:

1. Risk Management Consultation: BGES Group provides comprehensive risk management consultations to help contractors implement effective safety protocols, thereby reducing the likelihood of claims and potentially lowering insurance premiums.

2. Tailored Insurance Solutions: Understanding that every construction business is unique, BGES Group offers customized insurance solutions that cater to the specific needs and risks of each contractor, ensuring optimal coverage without unnecessary costs.

3. Advocacy and Support: BGES Group advocates on behalf of contractors during the underwriting process, helping to secure favorable terms and conditions from insurers. They also provide ongoing support in managing claims and mitigating their impact on future insurance costs.

For assistance with obtaining better pricing and quality coverage, contact Gary Wallach at 914-806-5853 or via email at bgesgroup@gmail.com. BGES Group is committed to helping New York contractors navigate the complexities of liability insurance, ensuring they are protected while keeping costs manageable.

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

Workers’ compensation fraud is a prevalent issue that can significantly impact New York contractors, leading to higher premiums, financial losses, and even policy cancellations. Understanding the most common fraud claims can help contractors protect their businesses. Here are the five most common workers’ compensation fraud claims that New York contractor employees attempt:

1. **Exaggerated Injuries**

A frequent type of workers’ compensation fraud involves employees overstating the severity of their injuries. While the injury may be legitimate, the employee might claim it is more debilitating than it is, resulting in prolonged time off and increased compensation. Contractors can combat this by ensuring thorough medical evaluations and regular check-ins with injured employees.

2. **Non-Work-Related Injuries**

Some employees may attempt to pass off injuries sustained outside work as work-related incidents. This type of fraud can be challenging to prove, especially if there are no witnesses. Contractors should enforce strict reporting procedures and encourage immediate reporting of all injuries to verify the authenticity of claims.

3. **Malingering**

Malingering involves employees claiming benefits after they have recovered enough to return to work. They may extend their recovery period to receive extended benefits. Contractors can counter this by requiring regular medical updates and fitness-for-duty evaluations to ensure employees return to work as soon as possible.

4. **False Claims of Injury**

In some instances, employees may fabricate an injury entirely. This type of fraud is less common but can be extremely costly. Contractors should maintain a thorough investigation process for all reported injuries, including reviewing surveillance footage, if available, and interviewing potential witnesses to determine the claim’s legitimacy.

5. **Working While Receiving Benefits**

Also known as “double-dipping,” this type of fraud occurs when employees collect workers’ compensation benefits while working another job. This illegal practice unfairly burdens the employer. Contractors can mitigate this risk by conducting periodic surveillance and monitoring social media for signs that an employee is working elsewhere while claiming benefits.

Conclusion

Highlighting workers’ comp fraud is crucial for New York contractors. Fraudulent workers’ compensation claims can have severe financial repercussions, leading to increased workers’ compensation insurance costs and even policy cancellations. By being aware of these common types of fraud and implementing robust prevention and detection measures, contractors can protect their businesses from unnecessary losses.

If you are a New York contractor with several claims causing problems with the cost of your workers’ comp or if your insurance company is canceling your policy, contact Gary Wallach at BGES Group. Gary is a New York workers’ compensation specialist who can help you find a new policy. His phone number is 914-806-5853.

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

If you’re a New York contractor facing skyrocketing workers’ compensation premiums or dealing with cancellations, BGES Group is here to help. We specialize in workers’ compensation insurance solutions and can assist with the following common issues:

1. **Skyrocketing Premiums**: Have your premiums increased dramatically? We can help you find more affordable coverage.

2. **Coverage Cancellations Due to Losses**: Is your insurance canceled due to past claims? We have solutions to get you back on track.

3. **Audit Problems**: Are you struggling with insurance audits and need a company that simplifies the process? We can make audits less of a hassle.

4. **Payroll Misclassification**: Are your payrolls being misclassified, causing unnecessary expense and trouble? We can help correct these issues.

5. **High Experience Modification Factor **: Is a high experience modification factor affecting your ability to get work? We offer strategies to improve your rating.

6. **Multi-State Coverage Needs**: Do you work in multiple states and need comprehensive coverage that adheres to various state laws? We offer solutions tailored to multi-state operations.

7. **Substantial Renewal Deposits**: Are large renewal deposits a financial burden? We can find options that ease this annual stress.

8. **Delayed Certificates of Insurance **: Are you waiting too long for certificates of insurance? We ensure timely delivery (usually within minutes) to keep your projects on schedule.

9. **You Feel Your Agency Customer Service People Do Not Know What They are Doing**: Do you no longer feel comfortable with the people at your insurance agency who are servicing your account?  Why deal with inexperienced people when you can work with someone with 44 years of experience, and when you call, they always answer their phone?

10. **Poor Service and High Fees**: Is your broker providing poor service and charging excessive fees? We see insurance offices tacking on fees ranging from $1,000 to a percentage of the policy’s premium. We pride ourselves on exceptional service and do not charge policy fees unless your workers’ compensation insurance company does not pay us.

For assistance with new coverage, contact Gary Wallach at BGES Group. He is a New York contractor workers’ compensation specialist who can do the job when others can’t. Reach him at 914-806-5853 or email: 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

Running a successful construction business in New York comes with its own set of challenges, not least of which is securing reliable and affordable insurance. Here are five problems contractors commonly face with their general and umbrella liability insurance, and how BGES Group can provide the solutions.

1. Exorbitant Rates for Labor Law Coverage

Labor laws in New York are stringent, and the inclusion of labor law coverage in liability policies can send rates skyrocketing. Contractors often find themselves burdened by exorbitant premiums, making it difficult to maintain the necessary coverage without severely impacting their bottom line.

**Solution**: BGES Group specializes in liability and workers’ compensation insurance for contractors. With 44 years of experience, BGES Group has the expertise to negotiate better rates and tailor coverage to meet your specific needs. By leveraging their network of top construction insurance companies, they can secure more competitive pricing and comprehensive coverage.

2. Constantly Switching Insurance Companies

Frequent rate increases and coverage restrictions force many contractors to switch insurance companies regularly. This instability not only disrupts business operations but also creates a constant state of uncertainty regarding coverage and costs.

**Solution**: BGES Group’s dedicated team works to find long-term solutions rather than temporary fixes. They focus on securing stable policies that offer consistent rates and reliable coverage, reducing the need for frequent changes and ensuring your business remains protected without interruption.

3. Restrictive Hammer Clauses

Policies with hard or soft hammer clauses can severely restrict or even eliminate coverage for independent contractor claims unless subcontractors carry specific minimum coverages. Many contractors are uncertain whether their subs meet these requirements, leaving them vulnerable to gaps in coverage.

**Solution**: BGES Group can help you navigate these complex policy terms and ensure that all subcontractors meet the necessary coverage standards. They can provide thorough reviews and recommendations to ensure compliance, protecting your business from unexpected liabilities.

4. Skyrocketing Umbrella Liability Premiums

The cost of maintaining adequate umbrella liability coverage has become financially burdensome for many contractors. As premiums continue to rise, it’s increasingly difficult to sustain the level of coverage needed for comprehensive protection.

**Solution**: BGES Group leverages their extensive industry relationships to find more affordable umbrella liability policies. Their expertise ensures you receive the best possible coverage at a price that won’t break the bank, allowing you to maintain the necessary protection without compromising your financial stability.

5. Unresponsive Brokers and Hidden Fees

A common complaint among contractors is the unresponsiveness of their brokers. Delayed certificate issuance, last-minute renewal quotes, and unexpected extra fees can create significant operational challenges and financial strain.

**Solution**: BGES Group prides itself on providing personalized, boutique-like service. When you call, they answer. You will work with the same knowledgeable professional year after year, ensuring consistency and reliability. BGES Group is transparent about fees and focuses on providing timely, efficient service to meet all your insurance needs.

—

Why Choose BGES Group?

With a legacy of 44 years in the insurance industry, BGES Group has built a reputation for excellence in servicing New York contractors. Their deep expertise and strong relationships with top construction insurance companies enable them to offer competitive rates and comprehensive coverage tailored to your needs.

**Personalized Service**: Unlike large agencies with high employee turnover, BGES Group offers a stable, reliable point of contact. You’ll work with the same person every year, ensuring continuity and a deep understanding of your business.

**Immediate Support**: BGES Group is committed to being there when you need them. Whether it’s answering a call promptly, issuing certificates quickly, or providing renewal quotes in a timely manner, their team is dedicated to supporting your business operations seamlessly.

**Transparent Fees**: BGES Group maintains transparency in their fee structures, ensuring you understand what you’re paying for without any hidden costs.

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

As a New York contractor, staying on top of regulatory changes is crucial for managing your business effectively. One recent change affecting your bottom line is the new payroll cap for workers’ compensation calculations. Effective July 1, 2024, the payroll cap for workers’ compensation in New York is $1,757.19 weekly. Understanding how this cap impacts your premium calculations and ensuring compliance during audits can lead to substantial savings. This article will explore these aspects, providing examples and highlighting specific considerations for different employee categories.

Understanding the Payroll Cap

The payroll cap means that only a portion of an employee’s (contractors in field, not office staff) weekly wage, up to $1,757.19, is considered for workers’ compensation premium calculations. Any wages above this cap are excluded from the premium calculations. This regulation is designed to help reduce employers’ overall premium costs. Contractors must ensure that during audits, any payroll exceeding the weekly cap is accurately excluded from calculations.

Example 1: Employee Earning $2,000 Per Week

For an employee earning $2,000 per Week:

• Included in premium calculations: $1,757.19
• Excluded from premium calculations: $242.81

In this scenario, even though the employee earns $2,000 weekly, only $1,757.19 will be used to calculate your workers’ compensation premiums—the remaining $242.81 needs to be excluded, lowering premium charge for that employee.

Example 2: Employee Earning $2,500 Per Week

For an employee earning $2,500 per Week:

• Included in premium calculations: $1,757.19
• Excluded from premium calculations: $742.81

In this scenario, even though the employee earns $2,500 weekly, only $1,757.19 will be used to calculate your workers’ compensation premiums—the remaining $742.81 needs to be excluded, lowering premium charge for that employee. This payroll cap provides a significant saving on your workers’ compensation costs.

Example 3: Employee Earning $3,000 Per Week

For an employee earning $3,000 per Week:

• Included in premium calculations: $1,757.19
• Excluded from premium calculations: $1,242.81

In this scenario, even though the employee earns $3,000 weekly, only $1,757.19 will be used to calculate your workers’ compensation premiums—the remaining $1,242.81 needs to be excluded, lowering premium charge for that employee. This payroll cap provides a significant saving on your workers’ compensation costs.

Annual Payroll Calculations and Audit Considerations

Regarding annual payroll calculations, contractors need to ensure that each employee’s excess payroll is deducted from the gross payroll during audits. This means that for every employee earning above the weekly cap, the excess amount, when annualized, should be excluded from the workers’ compensation calculations.

For instance, for an employee earning $2,000 per Week, the excess of $242.81 per week translates to $12,621.12 annually. This amount should be deducted from the gross payroll for accurate premium calculations.

Special Considerations for Owners and Executives

Owners and executives who classify themselves as salespersons under class code 8742 or executive officers under class code 8809 and who do not perform any field work or supervision have a different payroll cap. For these individuals, the payroll cap is $2,650 per week or $137,800 annually. Any payroll above this cap is excluded from workers’ compensation premium calculations, which can lead to additional savings.

Example for Owners and Executives

If an executive officer earns $3,000 per Week:

• Included in premium calculations: $2,650
• Excluded from premium calculations: $350

This exclusion amounts to $18,200 ($350 x 52 weeks) deducted from the premium calculations annually, ensuring savings for the business.

Ensuring Compliance During Audits

Contractors need to ensure that payroll workers’ compensation caps are accurately excluded from premium calculations during workers’ compensation audits. This practice helps maintain compliance and manage costs effectively. Proper documentation and meticulous payroll records are crucial during these audits to identify and exclude all excess payrolls.

How BGES Group Can Help

Navigating the complexities of workers’ compensation insurance, especially with payroll caps, can be challenging. BGES Group specializes in construction insurance and has extensive experience helping New York contractors manage and reduce workers’ compensation premiums.

Our expert understands the unique needs of the construction industry and is dedicated to providing personalized service to help you find the best insurance solutions. By working with BGES Group, you can ensure that you are taking full advantage of the payroll cap and other cost-saving measures.

Comprehensive Services and Expertise

BGES Group offers a wide range of services tailored specifically for contractors, including:

• Detailed audit reviews to ensure compliance and accuracy.
• Strategic advice on managing workers’ compensation costs.
• Customized insurance solutions that fit your unique business needs.
• Ongoing support and consultation will help you stay ahead of regulatory changes.

We aim to provide you with the tools and knowledge to minimize workers’ compensation premiums while maintaining compliance with state regulations.

Contact Us Today

Don’t let changes in workers’ compensation laws catch you off guard. Contact Gary Wallach at BGES Group today to learn more about how we can help you lower your workers’ compensation premiums. Call 914-806-5853 or email bgesgroup@gmail.com for a consultation and start saving on your insurance costs now.

Staying informed and working with specialists like BGES Group can make a significant difference in managing your business’s insurance expenses. Let us help you navigate these changes and keep your costs under control.

By partnering with BGES Group, you can ensure that your workers’ compensation premiums are as low as possible, allowing you to focus on what you do best—running a successful construction business.

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

Hundreds of construction workers suffer shock each year when handling electrical tools and equipment.

One of the big problems in understanding the dangers of electrical shock is the mistaken belief that only high voltages kill. It’s not the voltage that’s lethal but the amount of current that passes through the body. The condition and placement of the body have a lot to do with the chance of getting a shock.

Employers must train their workers about the basic facts regarding the causes of electrical shock when using these tools.

Water and electricity

Damp areas and metal objects can offer good shortcuts for electricity to reach the ground. If a worker’s hands are sweaty, socks and shoes are moist or damp, the floor is wet, or standing in a puddle of water; the moisture may allow more current to pass through the body.

Workers should recognize the hazards and take necessary precautions if work is to be done with metal objects or in damp areas. These include:

• Rubber gloves and boots,
• Rubber mats,
• Insulated tools and
• Rubber sheets that can be used to cover exposed metal.

Also, extra caution should be taken in rainy conditions when working with electrical equipment or near grounded objects.

Other precautions

It’s not just the presence of water that can cause a worker to be electrocuted. Electricity is always dangerous, and workers should take all precautions necessary to avoid injury or death.

It would help if you taught them the following:

• Treat every electric wire as if it were a live one.
• Inspect equipment and extension cords before each use.
• Take faulty equipment or plugs with bent or missing prongs out of service for repair.
• Only qualified electricians should repair electrical equipment or work on energized lines.
• If a plug or receptacle doesn’t have three prongs or three openings, make sure the tool is grounded in some other way before use.
• Never try to bypass an electrical system by cutting off the third prong of a plug.
• Turn off the power and report the smell of hot or burning plastic, smoke or sparks, or the presence of flickering lights.
• Stop using a tool or appliance if a slight shock or tingling is felt.
• Never disconnect an electrical plug by pulling on the cord.
• Whenever working on an electric circuit, it should be turned off and locked out at the circuit breaker or fuse box to prevent accidental turning on.
• Those who regularly work on or around energized electrical equipment should be trained in emergency response and CPR.

The takeaway

Electrical tools require additional precautions on the part of your workers. You must train them in proper usage and how to spot potential dangers of electrocution.

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