In the competitive construction landscape of New York, property owners, and general contractors are increasingly requesting waivers of subrogation from the contractors they employ. These waivers are essential in general liability and workers’ compensation policies. A waiver of subrogation prevents an insurer from seeking reimbursement from a third party responsible for a loss after paying the insured’s claim. These waivers and how they benefit all parties involved are vital.

Importance of Waiver of Subrogation

1. Protection Against Legal Actions:

Property owners and general contractors require waivers of subrogation to shield themselves from potential lawsuits. These waivers are necessary for a contractor’s insurer to pay a claim, or else the insurer might sue the property owner or general contractor to recoup the payment. Waivers of subrogation ensure that these parties won’t face litigation or financial liability from the contractor’s insurer.

2. Streamlined Claim Processes:

Having a waiver of subrogation in place simplifies the claims process. It prevents the contractor’s insurance company from pursuing subrogation claims against the property owner or general contractor, leading to quicker settlements and reducing administrative burdens. This allows all parties to focus on project completion without the distraction of prolonged legal disputes.

3. Enhanced Working Relationships:

Requiring waivers of subrogation fosters trust and cooperation among property owners, general contractors, and subcontractors. It demonstrates a commitment to mutual protection and risk reduction, which can strengthen business relationships and lead to more successful projects.

Scenarios Highlighting the Importance of Waiver of Subrogation

1. Workplace Injury:

The insurer typically pays the claim if a subcontractor’s employee is injured and files a workers’ compensation claim. Without a waiver of subrogation, the insurer might sue the property owner or general contractor, alleging unsafe working conditions contributed to the injury. A waiver of subrogation prevents this lawsuit, protecting the owner and contractor from additional legal and financial burdens.

2. Property Damage:

Imagine a subcontractor accidentally damages the property they are working on. The subcontractor’s general liability insurance covers the damage. Without a waiver of subrogation, the insurer could sue the property owner or general contractor to recover the payout, claiming inadequate oversight or other contributing factors. A waiver of subrogation stops the insurer from taking this action.

3. Equipment Failure:

If a subcontractor’s equipment fails and damages the project site, the subcontractor’s insurance covers the loss. However, without a waiver of subrogation, the insurer might seek reimbursement from the property owner or general contractor, alleging negligence in project management. A waiver of subrogation ensures that the owner and contractor are protected from such claims.

How BGES Group Can Help

Navigating the complexities of insurance coverage and securing the necessary waivers can be challenging for contractors. BGES Group, specialists in New York construction insurance, are here to assist. They help contractors obtain the appropriate coverage, including waivers of subrogation, to meet the requirements of property owners and general contractors while providing robust protection.

For more information, contact Gary Wallach at 914-806-5853 or email bgesgroup@gmail.com. Let BGES Group help you secure the proper coverage.

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

How long you wait to notify your workers’ compensation insurer of a workplace injury can significantly affect the cost of that claim.

When your premium is calculated, your carrier takes into account the cost and frequency of prior claims during the past few years.

In short, by improving your organization’s injury notification times, you can also positively affect the cost of the claim, which can help reduce your overall workers’ comp premiums going forward.

The numbers speak for themselves.

A National Council on Compensation Insurance study looking at the cost of a claim based on the delay between incidence and notification found that the longer an employer waits to file a workers’ comp claim, the costlier it becomes:

• A two- to three-week delay increases the cost by 13%,
• Four to six weeks increases the cost by 25%,
• Seven to 12 weeks ups the cost by 34%, and
• More than 12 weeks increases the cost by 91%.

Why does early reporting work?

The sooner medical treatment begins, the better the outcome.

For a workers’ compensation claim, the sooner your insurer knows about an injury to one of your workers, the sooner they can start collecting information and plan for appropriate treatment options.

If medical treatment is delayed, the more likely it is that costs will mushroom, both in terms of medical costs and lost time from work, which needs to be compensated.

If you notify your carrier when an injury occurs, and they can arrange for the worker to begin medical treatment, the length or severity of the treatment program will likely be less.

For the injured worker, this means a shorter recovery time, a better prognosis for general health and return-to-work outcomes, and a more positive attitude toward their injury and the workplace.

For you as the employer, this translates to less money allocated to covering wages and treatment for the injured worker and less disruption to your workplace to cover their duties.

Claims reporting tips:

• Develop internal procedures for reporting injuries. Ensure your staff knows the importance of reporting injuries immediately and your reporting procedures.
• Don’t question employees’ integrity when they report an injury.
• Understand the legal requirements for reporting workplace injuries.
• Report a claim immediately after learning about it.
• Encourage safe work practices and ensure employees know and practice proper safety techniques.
• If an injured worker has partial capacity, you can provide alternative duties while they heal. This can have a positive impact on potential disability levels and on the premium effect of lost time.

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 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 business owners in New York, New Jersey, and Connecticut, managing workers’ compensation insurance efficiently is vital to ensure regulatory compliance and your business’s financial health. Partnering with BGES Group for workers’ compensation insurance through one of their Professional Employer Organization (PEO) programs can provide numerous benefits. This writing explores the critical advantages of having your workers’ compensation insurance through one of BGES Group’s PEO programs, helping you make an informed decision to enhance your business operations.

1. Significant Cost Savings

One of the most compelling reasons to consider BGES Group’s PEO programs is the potential for significant cost savings. BGES Group leverages its client base and forty four (44) years of relationships to negotiate great workers’ compensation insurance premiums. BGES Group’s PEO programs offer competitive rates allowing you to allocate your budget more effectively and invest in other crucial areas of your business.

Another area business owner’s can save is by having their “Group Health Insurance” through one of BGES Group’s PEOs.  Just when you thought there were no other group health insurance options.  Now there is!   

2. Streamlined Payroll and HR Administration

Managing payroll and human resources can be particularly challenging for small to mid-sized businesses. BGES Group’s PEO programs handle these administrative tasks, ensuring accurate and timely payroll processing and efficiently managing HR-related issues. This reduces the administrative burden on your team and allows you to focus on your core business activities, driving growth and improving productivity.

3. Enhanced Compliance

Navigating the complexities of workers’ compensation laws and regulations in New York, New Jersey, and Connecticut can be daunting. BGES Group’s PEO programs ensure your business complies with all relevant federal and state regulations, reducing the risk of costly fines and legal issues. Their expertise in employment law and workers’ compensation regulations provides a safety net, ensuring your business operates within the bounds of the law.

4. Comprehensive Risk Management and Safety Programs

BGES Group’s PEO programs offer access to comprehensive risk management and safety initiatives designed to create a safer work environment. These programs include safety training, workplace inspections, and expert guidance on best practices to reduce workplace injuries. By proactively addressing potential hazards, you can lower the incidence of workers’ compensation claims, leading to reduced insurance costs and a healthier, more productive workforce.

5. Efficient Claims Management

Handling workers’ compensation claims can be complex and time-consuming. BGES Group’s PEO programs provide dedicated claims management teams that oversee the entire process, from initial filing to managing medical care and facilitating return-to-work programs. This ensures claims are processed efficiently, minimizing downtime and reducing the impact on your business operations. Their expertise helps expedite claims resolution, providing your employees receive the care they need promptly.

6. Access to Enhanced Benefits Packages

Attracting and retaining top talent is crucial for any business. BGES Group’s PEO programs offer access to enhanced benefits packages, including health insurance, retirement plans, and other employee benefits that may be challenging to provide independently. Offering competitive benefits improves employee satisfaction and loyalty and positions your business as an attractive employer in a competitive job market.

7. Scalability and Flexibility

As your business grows, your workforce needs may evolve. BGES Group’s PEO programs provide the scalability and flexibility to adjust your workers’ compensation coverage and other HR services as required. This adaptability ensures that your insurance and administrative support align with your changing business requirements, whether expanding your operations or taking on new projects.

8. Access to Expertise

BGES Group’s PEOs employ professionals with extensive experience in workers’ compensation, HR, and risk management. You can access this expertise by partnering with BGES Group’s PEO programs without hiring additional staff. This can be particularly beneficial for smaller businesses needing more resources to employ full-time HR or risk management professionals. Their team of experts provides the necessary guidance and support to navigate complex employment issues effectively.

9. Focus on Core Business Activities

Outsourcing workers’ compensation insurance and HR functions to one of BGES Group’s PEO programs allows you to concentrate on your core business activities. By reducing the time and effort spent on administrative tasks, you can focus on growing your business, improving customer relationships, and enhancing your services. Concentrating on your core competencies can increase productivity and business growth.

10. Peace of Mind

Knowing that professionals manage your workers’ compensation insurance and HR functions provides peace of mind. Rest assured that your business complies with all regulations, your employees are well taken care of, and any claims will be handled efficiently. This peace of mind lets you confidently operate and focus on achieving your business goals.

Conclusion

Partnering with one of BGES Group’s PEO programs for your workers’ compensation insurance offers numerous advantages that can benefit your business in New York, New Jersey, and Connecticut. From significant cost savings and streamlined administration to enhanced compliance and access to expertise, BGES Group provides valuable support that can improve your operations and contribute to your success.

If you’re ready to explore the benefits of having your workers’ compensation insurance through BGES Group’s PEO programs, contact Gary Wallach at BGES Group. With his extensive experience and personalized approach, Gary can help you navigate the complexities of workers’ compensation and find the best solutions for your business. Contact Gary at 914-806-5853 for expert assistance and discover how BGES Group can support your business.

—

By leveraging the benefits of BGES Group’s PEO programs, you can streamline your operations, reduce costs, and focus on what you do best—growing your business and delivering exceptional services to your clients. Contact BGES Group today and take the first step towards a more efficient and practical approach to workers’ compensation insurance.

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 contractor, managing your workforce efficiently while keeping costs under control is crucial for the success of your business. One of the most effective ways to achieve this is by partnering with BGES Group for your workers’ compensation insurance through one of their Professional Employer Organization (PEO) programs. BGES Group PEO programs offer a range of benefits that can streamline your operations, reduce administrative burdens, and ultimately save you money. This article will explore the key advantages of having your workers’ compensation insurance through one of BGES Group’s PEO programs.

1. Significant Cost Savings

BGES Group leverages its client base and connections to negotiate great workers’ compensation insurance rates for their contractor client’s. Many contractors have saved thousands, tens of thousands of dollars by having their workers’ compensation insurance through a PEO.  Contractors who have had a run of bad luck with losses or been without coverage for a period of time, one of BGES Group’s PEOs would be great place to obtain new coverage.  Are you unhappy with your group health plan?

Another area a contractor can save is by having their “Group Health Insurance” through one of BGES Group’s PEOs.  Just when you thought there were no other group health insurance options. Now there is!

2. Simplified Payroll and HR Administration

Managing payroll and human resources can be time-consuming and complex, especially for smaller contracting businesses. BGES Group’s PEO programs take on these administrative tasks, ensuring that payroll is processed accurately and on time and that all HR-related issues are handled efficiently. This allows you to focus on your core business activities without getting bogged down by administrative details.

3. Enhanced Compliance

Staying compliant with federal and state regulations is critical to avoid costly fines and legal issues. BGES Group PEO’S are experts in employment law and workers’ compensation regulations. They ensure that your business remains compliant with all relevant laws, reducing the risk of penalties and helping you navigate the complexities of workers’ compensation requirements. Their compliance expertise is invaluable, keeping your business on the right side of the law.

4. Comprehensive Risk Management and Safety Programs

One of the primary advantages of working with BGES Group PEO’S are access to comprehensive risk management and safety programs. BGES Group PEO’S can provide safety training, conduct workplace inspections, and offers guidance on creating a safer work environment. These initiatives can significantly reduce workplace injuries, lowering workers’ compensation claims and insurance costs. Their proactive approach to risk management helps create a safer, more productive workplace.

5. Efficient Claims Management

Handling workers’ compensation claims can be a daunting task. BGES Group’s PEO programs have dedicated claims management teams that hold the entire process, from filing claims to managing medical care and facilitating return-to-work programs. This ensures that claims are processed efficiently, reducing downtime and minimizing the impact on your business operations. Their expertise in claims management helps to expedite the resolution process, ensuring that your employees receive the care they need promptly.

6. Access to Enhanced Benefits Packages

BGES Group’s PEO programs often offer access to enhanced benefits packages that can attract and retain top talent. These packages may include health insurance, retirement plans, and other employee benefits that would be challenging for a small contractor to provide independently. Offering competitive benefits can improve employee satisfaction and loyalty, reducing turnover and the associated costs. These comprehensive benefits position your business as an attractive employer in the competitive job market.

7. Scalability and Flexibility

As your business grows, your workforce needs may change. BGES Group’s PEO programs provide scalability and flexibility, allowing you to adjust your workers’ compensation coverage and other HR services. This adaptability ensures that your insurance and administrative support align with your business’s evolving requirements. Whether expanding your operations or taking on larger projects, BGES Group’s PEO programs can grow with you.

8. Access to Expertise

BGES Group PEO’S employs professionals with extensive experience in workers’ compensation, HR, and risk management. You can access this expertise by partnering with BGES Group’s PEO programs without hiring additional staff. This can be particularly beneficial for smaller contractors needing more resources to employ full-time HR or risk management professionals. Their team of experts provides the necessary guidance and support to navigate complex employment issues.

9. Focus on Core Business Activities

Outsourcing workers’ compensation insurance and HR functions to BGES Group’s PEO programs allows you to concentrate on your core business activities. By reducing the time and effort spent on administrative tasks, you can focus on growing your business, improving customer relationships, and enhancing your services. Concentrating on your core competencies can increase productivity and business growth.

10. Peace of Mind

Knowing that professionals manage your workers’ compensation insurance and HR functions provides peace of mind. Rest assured that your business complies with all regulations, your employees are well taken care of, and any claims will be handled efficiently. This peace of mind lets you confidently operate and focus on achieving your business goals.

Conclusion

Partnering with BGES Group’s PEO programs for your workers’ compensation insurance offers numerous advantages that can benefit your contracting business. From significant cost savings and simplified administration to enhanced compliance and access to expertise, BGES Group provides valuable support that can improve your operations and contribute to your success.

If you’re ready to explore the benefits of having your workers’ compensation insurance through one of BGES Group’s PEO programs, contact BGES Group. With his extensive experience and personalized approach, Gary can help you navigate the complexities of workers’ compensation and find the best solutions for your business. Contact Gary at 914-806-5853 for expert assistance and discover how BGES Group can support your contracting business.

---

By leveraging the benefits of one of BGES Group’s PEO programs, you can streamline your operations, reduce costs, and focus on what you do best—growing your business and delivering exceptional services to your clients. Contact BGES Group today and take the first step towards a more efficient and practical approach to workers’ compensation insurance.

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

Contractors in New York face numerous challenges and risks in their daily operations, especially when working with subcontractors. Ensuring that all parties involved are adequately protected is crucial, and this is where a General Liability Insurance policy becomes essential. One of the critical components of such a policy is contractual liability, which can cover the contractor for certain liabilities assumed in a contract. This article will delve into how contractual liability works under a New York contractor’s General Liability Insurance policy, particularly in relation to subcontractors, and provide a practical example of an “action over” claim.

#### What is Contractual Liability?

Contractual liability refers to the obligations a contractor assumes in a contract that could result in liability. This often comes in the form of indemnity or hold harmless agreements where one party agrees to protect another from certain risks. Under a General Liability Insurance policy, contractual liability coverage helps manage these risks by covering the liabilities a contractor assumes through contractual agreements.

#### Importance of Insurance and Hold Harmless Agreements

For New York contractors, having insurance and hold harmless agreements in place when dealing with subcontractors is not just a good practice—it’s essential. These agreements ensure that subcontractors are held accountable for their actions and that the primary contractor is protected from potential liabilities arising from the subcontractor’s work. By requiring subcontractors to carry their own insurance and include the contractor as an additional insured, contractors can transfer some of the risks associated with their projects.

#### Example of an “Action Over” Claim

An action over claim is a scenario where an injured subcontractor’s employee sues the general contractor, despite receiving workers’ compensation benefits. Let’s break down how this works with an example:

1. **Injury on the Job Site:**

  Imagine a subcontractor’s employee is injured on the job site due to a fall from a scaffold. The employee files a claim and receives workers’ compensation benefits from the subcontractor’s workers’ compensation insurance.

2. **Lawsuit Against the Contractor:**

  Despite receiving workers’ compensation, the injured employee decides to sue the general contractor for additional damages, claiming that the contractor’s negligence contributed to the accident. This is where the “action over” claim comes into play.

3. **Contractual Liability and Hold Harmless Agreements:**

If there is a hold harmless agreement in place between the contractor and the subcontractor, the general contractor can tender the lawsuit back to the subcontractor’s liability insurance policy. The subcontractor’s General Liability Insurance policy would then respond to the claim, covering the general contractor’s liability arising from the lawsuit.

This example highlights the importance of having well-drafted hold harmless agreements and ensuring that subcontractors carry adequate liability insurance. Without these protections, the general contractor could face significant financial exposure from such lawsuits.

#### Practical Steps for New York Contractors

To protect themselves effectively, New York contractors should take the following steps when dealing with subcontractors:

1. **Insurance Requirements:**

  Require subcontractors to carry their own General Liability Insurance and workers’ compensation insurance. Additionally, ensure that subcontractors name the contractor as an additional insured on their policies.

2. **Hold Harmless Agreements:**

  Include clear hold harmless and indemnification clauses in all subcontractor agreements. These clauses should specify that the subcontractor will defend and indemnify the contractor against any claims arising from the subcontractor’s work.

3. **Regular Review:**

  Regularly review and update contracts and insurance requirements to ensure they comply with current laws and industry standards. Work with an insurance specialist to ensure all potential risks are covered.

#### How BGES Group Can Assist

Navigating the complexities of contractual liability and ensuring adequate protection requires expertise and personalized attention—this is where BGES Group excels. As one of New York’s premier construction insurance specialists, BGES Group operates like a mom-and-pop boutique, offering personalized service to select accounts. Unlike large agencies that manage thousands of accounts, BGES Group focuses on providing select accounts with responsive, reliable, and immediate service without charging extra ridiculous service fees.

Gary Wallach and his team understand the unique needs of New York contractors and can help them secure the necessary coverage to protect their businesses. By working closely with contractors, BGES Group ensures that all potential risks are covered, including those arising from subcontractor relationships. This includes helping contractors draft and review insurance and hold harmless agreements to ensure they are adequately protected.

For contractors looking to safeguard their operations against potential liabilities, BGES Group is the ideal partner. Call Gary Wallach at 914-806-5953 for expert guidance and support in obtaining the right General Liability Insurance policy that includes comprehensive contractual liability coverage. BGES Group’s personalized approach ensures that every client receives the attention and tailored solutions they need to thrive in New York’s competitive construction industry.

By partnering with BGES Group, New York contractors can rest assured that they have a dedicated team looking out for their best interests. This level of personalized service and commitment to client success sets BGES Group apart from the large agencies that service thousands of accounts. If you want responsive, reliable, and trustworthy insurance services without ridiculous service fees, contact Gary Wallach at 914-806-5853 today.

In the ever-evolving landscape of construction, contractors face numerous challenges that can impact their business operations and overall success. At BGES Group, we understand these challenges and are dedicated to providing comprehensive solutions that go beyond standard offerings. Our program, which BGES Group can offer contractors that are in New York, New Jersey, and Connecticut, is also available nationwide (our associate can offer you this program nationwide) and aims to streamline your operations, mitigate risks, and enhance your workforce’s well-being.

#### Streamlined Payroll Services

Managing payroll can be a daunting task, especially for construction companies with varying project sizes and workforce fluctuations. Our payroll service is tailored to meet the unique needs of contractors, ensuring accurate and timely payments to your employees. By automating payroll processes, we help you save time, reduce errors, and maintain compliance with state and federal regulations. Whether you’re a small contractor or a large construction firm, our payroll service adapts to your requirements, providing a seamless experience that lets you focus on what you do best—building and managing projects.

#### Competitive Workers’ Compensation

Workers’ compensation is a critical aspect of any construction business, offering protection to both employees and employers. At BGES Group, we specialize in workers’ compensation solutions for the construction industry. Our program offers competitive rates and robust coverage, even if you’ve experienced a run of bad luck with losses. We understand the intricacies of workers’ compensation claims and work diligently to provide you with the best possible coverage tailored to your specific needs. Our goal is to help you minimize risks and ensure the safety and well-being of your workforce, allowing you to operate with confidence.

#### Enhanced Group Health Insurance

A healthy workforce is a productive workforce. If you’re dissatisfied with your current health plan or looking for better options for yourself and your employees, our program may have the solution you need. We offer group health insurance plans designed to provide comprehensive coverage and improve the overall health and well-being of your team. Our plans are flexible and can be customized to suit the unique needs of your business, helping you attract and retain top talent while keeping your employees healthy and motivated.

#### Nationwide Availability

While our primary focus is on serving contractors in the Tri-State area, our program is available to contractors across the country. For those outside New York, New Jersey, and Connecticut, we have an associate who will assist in getting you a quote and ensuring you receive the same level of exceptional service. We believe in helping as many companies as we can, regardless of their location, and our nationwide availability reflects our commitment to supporting contractors everywhere.

#### Additional Support Services

In addition to payroll, workers’ compensation, and group health insurance, our program offers support with Human Resources (HR) needs. Whether you require assistance with HR compliance, employee relations, or training and development, our team is here to help. We understand the complexities of managing a construction workforce and provide the resources and expertise needed to handle HR challenges effectively.

#### Contact Us Today

At BGES Group, we pride ourselves on being construction workers’ compensation specialists in the Tri-State area. Our comprehensive program is designed to address the unique needs of contractors, offering competitive rates, tailored solutions, and exceptional support. If you’re looking for a partner who understands your industry and is committed to your success, look no further.

Contact Gary Wallach at BGES Group to learn more about our program and how we can help your business thrive. Phone #; 914-806-5853 Email: bgesgroup@gmail.com Together, we can build a stronger future for your company and your workforce.

For more information, visit [BGES Group](http://www.bgesgroup.com) or call us today. Let us be your trusted partner in navigating the complexities of the construction industry.

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 world of vibrant hues and meticulous strokes, painting contractors not only transform spaces but also take on risks that come with each project. Beyond the brush lies a canvas of unforeseen events—accidents, injuries, and project mishaps. That’s where painting contractors insurance comes into play, offering a safety net that keeps the artistic visions and hard work protected.

What is Painting Contractors Insurance?

Painting contractors insurance is designed to address the unique risks faced by professionals in the painting industry. This specialized form of insurance can cover a range of scenarios from liability for property damage to injury claims made by third parties. Essentially, it’s the shield that protects contractors against unforeseen financial burdens that can arise during the course of a project.

Key Coverage Options for Painting Contractors

Within the realm of painting contractors insurance, several key coverage options emerge as particularly important. General liability insurance is the cornerstone, offering defense against claims of bodily injury and property damage. Completed operations coverage protects contractors after a job is done, while commercial vehicle insurance covers vehicles used for business.

Additionally, professional liability (or errors and omissions) insurance can be vital for painting contractors. It safeguards against claims arising from errors in the services provided, offering peace of mind that mistakes will not lead to ruinous financial consequences.

Benefits of Having Painting Contractors Insurance

Investing in painting contractors insurance is not merely a regulatory compliance but a strategic business move. It instills confidence among clients, signaling professionalism and preparedness. This assurance can become a unique selling proposition, distinguishing your business in a competitive market.

Real-World Scenarios: Insurance in Action for Painters

Consider the scenario where a ladder mistakenly topples over, shattering a valuable piece of property. Without liability insurance, the contractor could be facing a hefty out-of-pocket payment. Painting contractors insurance transforms a potential financial disaster into a manageable incident, preserving the contractor’s financial health.

In another instance, a contractor finishes a project, only to be called back months later due to peeling paint. Completed operations coverage can address claims related to the quality of work even after the job is done, exemplifying the insurance’s role beyond the immediate timeline of a project.

How to Choose the Right Insurance for Your Painting Business

Selecting the right insurance involves a careful assessment of your business’s specific needs. Factors to consider include the size of your operations, the nature of your projects, and your business’s risk profile. Consulting with an insurance agent who has experience in the painting industry can provide insights into the types of coverage that best align with your business.

Understanding the Cost of Painting Contractors Insurance

The cost of painting contractors insurance varies widely depending on several factors, including the coverage limits, the deductible amounts, and the specific risks associated with your business activities. It’s essential to compare offers from multiple insurers to find the right balance between cost and coverage, ensuring that your insurance investment is both affordable and adequate.

The Unseen Guard

Navigating through the myriad details of a project, painting contractors embody the art of precision and the daring to dream in colors. However, even the most skilled artists are not immune to the caprices of fate. Painting contractors insurance stands as a guardian, ensuring that unexpected events do not tarnish the craftsmanship nor the financial stability of those who bring beauty into our lives. In this sphere, beyond the brush and the ladder, insurance is the invisible yet crucial stroke on the canvas of a painting contractor’s career.

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, you should focus on managing your projects and growing your business, not battling workers’ compensation insurance issues. If you’re experiencing any of the following challenges, BGES Group offers the necessary solutions.

Audit Dispute

Are you in an audit dispute with your workers’ compensation insurance company and worried about the outcome? Having a Plan B is essential. BGES Group can help you navigate these disputes and find a new policy that meets your needs, ensuring your business remains protected.

Coverage Cancellation

Is your current insurance company canceling your policy due to losses? Finding new coverage can be difficult, but BGES Group specializes in workers’ compensation for the construction industry and has access to multiple insurance providers. We can help you secure the coverage you need.

Lapse in Coverage

Have you experienced a lapse in your workers’ compensation coverage and now need to find a new insurance company? Lapses can leave your business vulnerable, but BGES Group can quickly connect you with the right coverage to keep your operations running smoothly.

Payroll Misclassification

Are you paying too much for workers’ compensation because of payroll misclassification? Misclassification can significantly increase your premium. BGES Group can review your situation and help you find a policy that accurately reflects your payroll, potentially saving you substantial money.

High Experience Modification Factor

Is your high experience modification factor causing problems in securing new work? This factor can affect your insurance rates and your ability to win contracts. BGES Group can help you address this issue and find a policy that works in your favor.

Overpayment Recovery

Do you feel you have been overpaying for workers’ compensation insurance over the past few years? For some contractors, overpayments can amount to hundreds of thousands of dollars. Recovering this money would be like hitting the jackpot. BGES Group can assist you in identifying and reclaiming overpayments and putting money back into your business.

Unsatisfactory Service

Are you unhappy with your current insurance company and looking for a change? If the service you’re receiving is subpar, it’s time to consider a switch. BGES Group is known for its exceptional day-to-day service, ensuring you get the support you need when you need it.

Why Choose BGES Group?

At BGES Group, we specialize in construction workers’ compensation insurance and offer access to policies from 20 different companies. Our commitment is to find the best solutions for your business while providing top-notch service every step of the way.

Contact Gary Wallach at 914-806-5853 email: bgesgroup@gmail.com today to discuss your needs and secure the right workers’ compensation policy for your business. Let BGES Group take the hassle out of your insurance concerns so you can focus on building and growing your business.

For New York contractors, the importance of obtaining and verifying insurance information from subcontractors cannot be overstated. Many contractor insurance policies have specific minimum requirements, and failure to adhere to these can result in a lack of coverage if a claim arises. This article outlines critical insurance information that contractors should obtain from their subcontractors to ensure compliance and protect their interests.

1. Written and Signed Insurance and Hold Harmless Agreement

Before any work commences, it is crucial to have a written and signed insurance and hold harmless agreement with each subcontractor. This agreement helps to clearly define the responsibilities and liabilities of each party, ensuring that the contractor is protected from potential claims arising from the subcontractor’s work.

Record-Keeping

Maintaining comprehensive records is essential. Contractors should keep these agreements and other relevant documents on file for each subcontractor. Proper documentation is vital during audits, allowing auditors to accurately record and verify the information.

2. Liability Limits

The liability limits required from each subcontractor should align with the mandates of the contractor’s liability policy. Some contractor policies stipulate that the subcontractor’s liability limit must be at least equal to or exceed the contractor’s policy limit. Ensuring that subcontractors meet these requirements is crucial for maintaining proper coverage.

3. Additional Insured Status

Contractors should require that they are listed as an additional insured on the subcontractor’s liability policy. This designation ensures that the contractor is protected under the subcontractor’s policy in the event of a claim.

Compliance with Additional Insured Requirements

If several parties need to be listed as additional insureds, contractors must verify that the subcontractor’s additional insured coverage complies with their policy requirements. Not all subcontractor policies provide adequate coverage for multiple additional insureds, so this should be checked meticulously.

4. Primary and Non-Contributory Coverage

Contractors should require primary and non-contributory coverage from their subcontractors. This ensures that the subcontractor’s insurance will be the primary coverage in the event of a claim, with the contractor’s insurance only contributing once the subcontractor’s coverage is exhausted. This provision helps to protect the contractor’s insurance policy and maintain lower premiums.

5. Contractual Liability Coverage

Contractual liability coverage is another critical requirement. This type of coverage protects the contractor if they are held liable for certain obligations under a contract with the subcontractor. Ensuring that subcontractors have this coverage is essential for comprehensive risk management.

6. Labor Law Coverage

Labor law coverage is particularly important in New York due to stringent labor laws that can impose significant liabilities on contractors. Many subcontractor insurance policies, because of cost, do not include this coverage, but it is vital for protecting against claims related to labor law violations. Contractors must ensure that their subcontractors have labor law coverage, and if not, they may need to consider using different subcontractors who do.

7. Subcontractor Insurance Screening Services

Some contractor liability companies now require the use of subcontractor insurance screening services. These services, provided by third parties, help to verify and ensure that subcontractors meet all insurance requirements. While there may be a charge for this service, it provides an additional layer of protection by confirming that subcontractors have the necessary coverage in place.

Conclusion

Ensuring that subcontractors meet specific insurance requirements is vital for New York contractors. From signed agreements and liability limits to additional insured status and labor law coverage, each element plays a crucial role in protecting the contractor’s interests. By working with a knowledgeable partner like BGES Group, contractors can navigate these requirements with confidence and focus on their core business operations.

Why Work with BGES Group?

For New York contractors seeking expert guidance and support in managing subcontractor insurance requirements, BGES Group is an excellent choice. As specialists in New York construction insurance, BGES Group offers personalized, boutique-style service. They limit the number of accounts they service to ensure each client receives dedicated attention.

Gary Wallach, a veteran insurance expert with BGES Group, can provide the expertise and support needed to navigate the complexities of subcontractor insurance requirements. To learn more or to get started, contact Gary Wallach at 914-806-5853 today.

For New York contractors, managing costs effectively is critical to staying competitive and profitable. One often overlooked opportunity to save significantly on expenses is through the New York Construction Payroll Adjustment Program (NYCPAP) credit. This credit can dramatically reduce workers’ compensation insurance premiums, potentially saving contractors thousands of dollars annually.

What is the NYCPAP Credit?

The NYCPAP credit is a financial relief mechanism designed to adjust payroll calculations for workers’ compensation insurance premiums. By more accurately reflecting a contractor’s actual payroll, the credit ensures that premiums are based on real, not estimated, figures. This adjustment can lead to substantial savings, particularly for contractors with fluctuating payrolls due to project-based work.

Why Many Contractors Miss Out

Despite its benefits, many contractors are unaware of the NYCPAP credit. A significant reason for this is that many insurance agencies do not apply for this credit for their clients. These agencies may lack the specialized knowledge required or simply overlook this adjustment because they are so bogged down with their work load, resulting in contractors paying more than necessary for their workers’ compensation insurance.

Key Criteria for NYCPAP Credit Eligibility

To qualify for the NYCPAP credit, contractors must meet specific criteria. One crucial requirement is that the contractor must pay hourly wages of $23.25 or more under an eligible class code. Additionally, the contractor must be experience-rated, which means their insurance premiums are adjusted based on their past claims history. Meeting these criteria can open the door to significant savings through the NYCPAP credit.

How NYCPAP Credit Works

The credit adjusts payroll calculations based on the actual hours worked by employees rather than a flat payroll figure. This method is particularly beneficial for the construction industry, where payrolls can vary widely due to seasonal work and the nature of project-based employment. By applying the NYCPAP credit, contractors ensure that their workers’ compensation premiums more accurately reflect their true payroll costs, resulting in lower insurance premiums.

Why Choose BGES Group?

BGES Group specializes in New York contractor insurance and has extensive experience helping contractors apply for the NYCPAP credit. We understand the unique challenges and opportunities within the construction industry, ensuring that our clients maximize their savings.

Unlike a lot of agencies that have turned into factories with account excecutives handling too many accounts and therefor unable to service client’s properly, BGES Group offers “Mom and Pop,” boutique personalized service, meticulously analyzing each client’s payroll and working conditions to accurately apply the NYCPAP credit. This thorough approach guarantees that no potential savings are missed.

Real Savings, Real Results

Imagine a New York contractor paying $150,000 annually for workers’ compensation insurance. After a detailed review by BGES Group and the application of the NYCPAP credit, their premium could be reduced to $120,000. This $30,000 annual saving can be reinvested into their business, allowing for increased profitability and the ability to take on more projects.

Take Action Today

If you’re a New York contractor paying hourly wages of $23.25 or more under an eligible class code and are experience-rated, you may qualify for the NYCPAP credit. Don’t leave potential savings on the table. Contact BGES Group today to find out how we can help you apply for this credit and save on your workers’ compensation insurance. Gary Wallach, our veteran insurance specialist, is ready to assist you. With over 44 years of experience, Gary has the expertise to ensure you get the best coverage at the lowest possible cost.

In Summary

The NYCPAP credit is a valuable tool that can save New York contractors thousands of dollars in workers’ compensation insurance. Many contractors miss out on these savings because their insurance agencies do not apply for the credit on their behalf. If you pay hourly wages of $23.25 or more under an eligible class code and are experience-rated, you may qualify for this credit. BGES Group specializes in contractor insurance and can help you apply for the NYCPAP credit.

Contact Gary Wallach at 914-806-5853 today for expert assistance and start saving on your workers’ compensation insurance. Let us help you unlock the savings you deserve and ensure your workers’ compensation premiums are as low as possible. At BGES Group, we’re committed to helping New York contractors thrive in a competitive market.

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