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

In the dynamic and often challenging business environments of New York, New Jersey, and Connecticut, managing workers’ compensation insurance can be a daunting task for employers. Whether your business faces escalating premiums, policy cancellations, or frustrating audits, finding a reliable solution is crucial. This is where BGES Group, a leading specialist in workers’ compensation insurance in the Tri-State area, steps in to offer unparalleled support and solutions tailored to your specific needs.

### The BGES Group Advantage

With over 44 years of experience, BGES Group has built a reputation for being a trusted ally to businesses across various industries. Our expertise in handling workers’ compensation issues is unmatched, and our commitment to providing personalized, mom-and-pop-like service sets us apart from larger, more impersonal agencies. We understand that each business is unique, and so are its challenges. This is why we offer customized solutions to address your specific needs.

### Success Stories that Speak Volumes

At BGES Group, our track record of helping businesses overcome significant workers’ compensation hurdles is a testament to our expertise and dedication. Here are a few success stories that illustrate our capability and commitment:

**1. New York Demolition Contractor**

A New York-based demolition contractor faced a dire situation with over $700,000 in losses. Finding new coverage at reasonable rates seemed impossible. However, BGES Group stepped in and leveraged our extensive network and negotiation skills. We successfully secured new coverage for this contractor at the same rates they were previously paying, despite their substantial losses. This not only provided financial relief but also ensured they could continue their operations without interruption.

**2. Chimney Contractor**

A chimney contractor with over $1 million in losses was struggling to find affordable workers’ compensation coverage. Their existing premiums were exorbitant, placing a significant strain on their finances. BGES Group took on the challenge and managed to obtain new coverage for $140,000 less than what they were paying. This substantial saving allowed the contractor to reinvest in their business and stabilize their financial position.

**3. Restoration Contractor**

A restoration contractor with losses exceeding $1.3 million was facing skyrocketing premiums and potential policy cancellation. BGES Group’s intervention was crucial in turning the situation around. We secured new coverage for the contractor at rates similar to their previous premiums, ensuring they could maintain their insurance coverage and continue their operations without financial disruption.

### Comprehensive Solutions for All Challenges

Whether your business is facing policy cancellations, soaring rates, or insurmountable losses, BGES Group is equipped to help you navigate these challenges. Here are some common issues businesses face and how we can help:

**Policy Cancellations:** If your current insurer is canceling your policy due to high losses or other reasons, BGES Group can find alternative coverage options that keep your business protected and compliant with state regulations.

**Rising Premiums:** Skyrocketing insurance rates can cripple your business financially. Our extensive network of 20 insurance companies allows us to negotiate better rates and find more affordable coverage options tailored to your business needs.

**Audits and Compliance:** Dealing with insurance auditors can be stressful and time-consuming. BGES Group takes the burden off your shoulders by finding you a company that conducts simplified audits, so you can focus on running your business.

### Why Choose BGES Group?

Choosing the right insurance partner is crucial for the long-term success of your business. Here’s why BGES Group stands out as the ideal choice:

**Extensive Experience:** With 44 years of specialization in workers’ compensation insurance, we bring unmatched expertise and insight into solving complex insurance challenges.

**Personalized Service:** We pride ourselves on offering mom-and-pop-like service. This means you’ll receive personalized attention and solutions tailored to your specific needs, unlike the impersonal approach of larger agencies.

**No Extra Fees:** At BGES Group, we believe in transparency and fairness. BGES Group does not charge extra policy or service fees, ensuring you get the best value without hidden costs.

**Reliability and Trust:** We are old school when it comes to trust and responsibility. When we say we’ll do something, we follow through. Our clients trust us because we are reliable, straightforward, and always keep our promises.

**Expertise and Innovation:** We are both book and street smart. Our deep industry knowledge combined with practical, hands-on experience ensures we can handle any challenge your business faces.

### Contact Us Today

If your business is struggling with workers’ compensation issues, don’t wait until it’s too late. Contact BGES Group today and let us help you find the right solutions. Whether you need new coverage, better rates, or assistance with audits, we are here to support you every step of the way.

Call Gary Wallach at 914-806-5853 and discover how BGES Group can transform your workers’ compensation insurance experience. With our expertise, dedication, and personalized service, you can rest assured that your business is in good hands.

—

BGES Group is committed to helping businesses in New York, New Jersey, and Connecticut navigate the complexities of workers’ compensation insurance. Our success stories speak for themselves, and our unwavering dedication to our clients’ needs sets us apart. Reach out to us today and experience the BGES Group difference for yourself.

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

When embarking on a construction project, ensuring comprehensive insurance coverage is crucial to protect your investment. Builders Risk Insurance is a specialized type of property insurance designed to cover buildings under construction, as well as various structures, contractors’ equipment, and tools. Here’s what you need to know about designing a Builders Risk policy that fits your project’s needs.

### Understanding Builders Risk Insurance

Builders Risk Insurance, also known as Course of Construction Insurance, provides coverage for buildings and structures during construction, renovation, or repair. It covers damage from various perils, including fire, wind, theft, and vandalism, safeguarding your project against unexpected financial losses. This policy is temporary, covering only the duration of the construction.

### Key Components of a Builders Risk Policy

1. **Coverage Scope**:

    – **Buildings and Structures**: The policy covers the main building under construction as well as any ancillary structures such as garages, sheds, or outbuildings that are part of the project.

    – **Contractors’ Equipment and Tools**: Coverage extends to equipment and tools used on the construction site. This includes machinery, hand tools, and heavy equipment, ensuring these essential items are protected against damage or theft.

    – **Materials and Supplies**: It covers materials on-site, in transit, or temporarily stored at other locations.

2. **Policy Duration**:

    – The policy typically covers the project from the start date to the completion date. If the project is delayed, extensions can be requested to maintain coverage.

3. **Coverage Limits**:

    – **Project Value**: The limit should reflect the total completed value of the structure, including labor and materials. It’s essential to exclude the value of the land when determining the coverage limit, as land is typically not covered under Builders Risk policies.

    – **Equipment and Tools**: Ensure the policy includes adequate limits to cover all contractors’ equipment and tools, considering their total replacement value.

4. **Exclusions**:

    – Common exclusions may include normal wear and tear, employee theft, and damage due to faulty design or workmanship. Certain natural disasters like earthquakes or floods might also be excluded unless additional coverage is purchased.

5. **Soft Costs Coverage**:

    – This optional coverage reimburses additional expenses such as architectural fees, legal costs, and loan interest that arise from a covered loss. Soft costs can significantly impact your budget, making this coverage a valuable addition.

### Designing Your Builders Risk Policy

When designing a Builders Risk policy, consider the following steps to ensure comprehensive protection:

1. **Assess Your Risks**:

    – Evaluate the specific risks associated with your project, including the type of construction, project location, and the value of materials and equipment. Understanding these risks helps in tailoring the policy to your needs.

2. **Determine Coverage Needs**:

    – Identify the necessary coverage amounts for the building, ancillary structures, materials, and contractors’ equipment and tools. Ensure the policy limits accurately reflect the total projected value of the project and equipment, excluding the land value.

3. **Select Appropriate Endorsements**:

    – Depending on your project’s specific requirements, you might need endorsements for additional coverage, such as earthquake, flood, or windstorm insurance. These endorsements provide protection against risks not typically covered in standard policies.

4. **Choose the Right Insurer**:

    – Work with an experienced insurance provider specializing in Builders Risk Insurance. They can help tailor the policy to fit your unique requirements and offer guidance on the appropriate coverage.

5. **Regularly Review and Update**:

    – Throughout the construction process, periodically review the policy to ensure it continues to meet your needs. Update the coverage as necessary to reflect any changes in project scope or value.

### How BGES Group Can Help

Navigating the complexities of Builders Risk Insurance can be challenging, but BGES Group is here to help. With extensive experience in the insurance industry, BGES Group specializes in providing tailored insurance solutions for construction projects. Here’s how BGES Group can assist you:

1. **Expert Guidance**:

    – Our team of insurance professionals understands the intricacies of Builders Risk policies and can provide expert advice to ensure you get the coverage you need.

2. **Customized Solutions**:

    – We work closely with you to understand your project’s specific requirements and design a policy that offers comprehensive protection against potential risks.

3. **Competitive Rates**:

    – BGES Group leverages its industry relationships to secure competitive rates and optimal coverage options, ensuring you get the best value for your investment.

4. **Ongoing Support**:

    – From policy inception to project completion, BGES Group offers continuous support, including regular policy reviews and assistance with claims to ensure you are always adequately protected.

5. **Comprehensive Coverage Options**:

    – In addition to Builders Risk Insurance, we provide a range of insurance products, including General Liability, Workers’ Compensation, and Commercial Auto Insurance, to offer complete protection for your business.

Designing a Builders Risk Insurance policy that covers your building, ancillary structures, contractors’ equipment, and tools is essential for safeguarding your construction project. BGES Group is your trusted partner in securing the necessary coverage, allowing you to focus on building with confidence. Contact us today to learn more about our services and how we can help protect your construction investment.

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

Are you a New Jersey or Connecticut contractor dissatisfied with your current liability, workers’ compensation, or business auto insurance rates and coverage? If so, let BGES Group help you with your insurance needs. We have access to a network of 20 reputable insurance companies, enabling us to shop around and find you the best quotes available.

Depending on the construction work you do, we can provide up to five competitive quotes in as little as one hour. We aim to help you save up to 30 percent on your business insurance costs. Why settle for less when you can get better coverage at a lower rate?

At BGES Group, we understand the unique challenges contractors face and are committed to finding insurance solutions tailored to their specific needs. Don’t let high insurance costs or inadequate coverage hold your business back.

Take the first step towards better insurance today. Call Gary Wallach at 914-806-5853 and get a quote. With our expertise and extensive network, we can find you great rates and coverage to protect your business. With just one call, let us help you secure peace of mind and financial savings.  Again contact Gary Wallach at 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 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

Problems we can help you with:                                                                             

1. Looking for lower rates.                                                                                                        

2. Being non-renewed and needing a new policy.                                                                

3. Currently without coverage and needs a policy.                                                           

4. Tired of fighting over audit issues and looking for a company that simplifies the audit process.                                                                                                                                  

5. Experiencing a run of bad luck with losses causing non-renewal of coverage.                   

6. Payrolls need to be classified correctly, resulting in higher payments.                                

7. Need a policy that covers multiple states.                                                                           

8. We need a policy that allows pay-as-you-go based on the previous month’s payrolls.      

9. Need a policy with a low deposit—BGES Group offers coverage with just a $200 deposit.                                                                                                                                    

10. Need a company that answers the phone in seconds and resolves problems promptly.  

11. Need a company that doesn’t charge excessive policy fees ($1000-$5000) or service fees (10% plus policy cost).                                                                                                     

12. Need a company that issues certificates of insurance in minutes without extra charges.                                                                                             

13. Prefer first-class, mom-and-pop-style service over large, impersonal offices.                   

14. If you feel mistakes have been made with your past workers’ compensation insurance policy premium charges, we can get your money back.                                                                   

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

A real estate firm on the third floor of an office building hired a janitorial service to clean over a weekend. The service completed its work by late Saturday afternoon. However, one of its employees left water running in the employee break room after rinsing off some rags, which he also left in the sink. The rags plugged the sink drain. Over the next 36 hours, the sink overflowed, the room flooded, and water seeped into the law office downstairs. The water ruined several desktop computers, left marks on leather chairs, streaked the walls, and soaked a six month old carpet. The law firm submitted a bill for several thousand dollars in damages to the real estate firm. Because the real estate firm is legally liable for the actions of contractors it hires, it was liable for the damage to the law firm’s property.

This is the sort of accident for which companies buy liability insurance. There are multiple ways to insure the exposure to loss from actions of contractors; each company should investigate alternatives and choose those most appropriate for its situation.

Every business should carry its own general liability insurance policy. The standard policy will cover damages caused by contractors. While relying on its own insurance gives the business a certain amount of control (especially over timely payment of premiums,) there are disadvantages to using only this approach. Some policies may contain endorsements that reduce or eliminate this coverage, so business owners should review their policies carefully. Even if the policy does provide this coverage, a few large losses caused by contractors could use up the business’s insurance limits. Also, the insurance company will count the contractors’ losses when it calculates the business’s experience modification, resulting in higher future premiums.

The business may want to include an indemnification agreement (also known as a “hold harmless agreement”) in its contract for the work. This will require the contractor to assume liability for losses resulting from its work. If the contractor has insurance or other financial resources to pay for the loss, this is a good approach. The standard policy covers liability assumed under what it defines as an “insured contract.” However, some policies may carry endorsements that eliminate coverage for liability assumed under a contract. Also, if the business has to sue the contractor to enforce the agreement, the damaged third party will have to tolerate lengthy delays before it receives payment. Finally, unless the business meets very specific conditions, the contractor’s policy will not cover its defense costs.

Another approach is to require the contractor to name the business as an additional insured on its policy. This will provide the business with coverage for both the damages and defense costs. However, the business will share the contractor’s insurance limits with all the other additional insureds named on the policy; the amount of insurance available may be inadequate. The business’s insurance might or might not have to share in the loss, depending on the terms of both policies. Also, as with the hold harmless agreement approach, the business must hope that the contractor keeps its insurance in force.

Finally, the business could require the contractor to buy an Owners and Contractors Protective Liability policy. Issued in the name of the business (not the contractor,) this policy will give the business its own primary limits of insurance for the project, advance notice of cancellation, and keeps the losses out of the business’s loss experience. It does not provide coverage for completed operations; the business may still need additional insured coverage for that.

Every business hires contractors from time to time. Planning ahead can ensure that the business has adequate protection should an accident occur.

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

Fed-OSHA is getting closer to releasing proposed language for a heat illness prevention standard.

Text of the proposal, sent in mid-June to the White House’s Office of Information and Regulatory Affairs, hasn’t been made public.

As our summers get hotter and more parts of the country regularly battle sweltering heat waves, it’s imperative that employers take steps to protect their outdoor workers.

No part of the nation is immune from the ravages of extreme heat, and while it’s all relative, people who are not acclimated to high heat conditions can easily suffer heat illness, which can be deadly.

Between 2011 and 2021, there were 436 work-related deaths caused by environmental heat exposure, according to the Bureau of Labor Statistics. In 2022, there were 43 work-related fatalities, up from 36 in 2021, but down from 56 in 2020.

These statistics, the most recently available, do not account for the thousands of workers who suffer from heat illness that does not result in death.

Fed-OSHA in 2021 published an advance notice of proposed rulemaking for heat injury and illness prevention for both outdoor and indoor workers. While the proposed language has not yet been introduced, it likely will shortly be so after the White House office review.

It should be noted that OSHA previously said protection mandates would kick in any time the heat index reaches 80 degrees Fahrenheit.

The proposed standard will likely be similar to what the agency recommends on a section of its website dedicated to heat illness prevention, which contains a number of resources, including a manual for preparing a prevention plan, and training documents and information for workers. Here’s what it recommends.

Planning and training

To ensure an organized approach, you should start by putting a prevention plan together and designating someone in your organization to be in charge of it. They should be trained in heat hazards, heat illness symptoms and heat controls.

If possible, select or train multiple people in order to always have a designated heat safety representative on-site.

Workers should be trained on heat illness risks, symptoms and response procedures, as well as prevention methods. Train workers in a language and format they understand.

Acclimatization

Nearly three out of every four fatalities from heat illness occur in the first week of work.

Allow new or returning workers to gradually increase duration of exposure and take more frequent breaks during the first week of work as they build a tolerance to working in the heat.

Designate a shaded break area with water

Designate a shady or cool area for breaks and provide cool drinking water. Natural shade like under trees is best, but portable tents and shelters can be used in areas without natural shade. Break areas and water should be located near work areas so that they can be reached quickly.

Ensure clean drinking water is available and accessible and encourage workers to drink 1 liter per hour (about one cup every 15 to 20 minutes).

Modify work schedules

You can modify schedules to address heat risks, like:

• Rescheduling non-essential outdoor or indoor work to days with a reduced heat index.
• Shifting physically demanding work to cooler times of the day.
• Rotating workers, adding extra workers, or splitting shifts to reduce exposure to heat and ease workloads.
• Stopping work if needed due to heat risk.

Monitor for heat illness symptoms

Establish a monitoring system for the signs and symptoms of heat illness. Also train workers to

monitor each other. A buddy system can help supervisors watch for signs of heat illness.

Workers should dress for the heat

Workers should wear a hat outside and loose-fitting, breathable clothing where possible.

Emergency response procedures

Have an emergency plan in place for each worksite that includes:

• What to do when someone is showing signs of heat illness.
• How to contact emergency services.
• How long it takes for emergency services to arrive.
• Appropriate first aid measures until medical help arrives.

The symptoms of heat illness will intensify with time if actions are not taken to hydrate, rest and cool down. If not treated promptly, minor symptoms of heat illness could quickly lead to a life-or-death situation.

The following are signs of a medical emergency:

• Abnormal thinking or behavior
• Slurred speech
• Seizures
• Fainting
• Heavy sweating or hot, dry skin.

If a worker is experiencing any of the above, you should:

• Call 911 immediately.
• Move them to a cooler area.
• Provide cool water to drink.
• Remove unnecessary clothing.
• Cool with water, ice or a fan.
• Not leave them alone.
• Provide medical care until emergency responders arrive.

The takeaway

Heat illness is no joke. It’s deadly and can quickly spiral out of control. If you have outdoor workers and do not already have a heat illness prevention plan, you should create one immediately. The consequences are too great in our increasingly hotter summers.

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

Contractor liability insurance is essential for any business involved in construction, renovation, or similar trades. In New York, this type of insurance is particularly important due to stringent labor laws that increase the risk and potential costs associated with workplace accidents. Two critical statutes—Labor Law 240 and Labor Law 241—significantly influence contractor liability insurance rates in the state.

**Labor Law 240: The “Scaffold Law”**

Labor Law 240, commonly known as the Scaffold Law, mandates that contractors, property owners, and their agents ensure the safety of workers involved in elevation-related tasks. This includes activities such as working on scaffolds, ladders, roofs, and other high-risk areas. The law holds these parties strictly liable for any gravity-related injuries that occur due to a failure to provide proper safety measures.

For example, consider a scenario where a worker falls from a poorly secured scaffold. Under Labor Law 240, the contractor and property owner would be held liable for the worker’s injuries, regardless of whether the worker was partially at fault. This strict liability aspect means that even if the worker was negligent, the contractor could still be responsible for significant compensation.

**Labor Law 241: Ensuring Safe Worksites**

Labor Law 241 complements the Scaffold Law by setting forth detailed safety requirements for construction sites. This law covers various aspects of site safety, including adequate lighting, protective gear, proper signage, and secure passageways. Unlike the Scaffold Law, Labor Law 241 requires that a violation of specific safety regulations must be proven for liability to be established.

An example of a claim under Labor Law 241 could involve a worker injured due to inadequate lighting in a construction zone, leading to a trip and fall accident. If it can be demonstrated that the site did not comply with the specified lighting standards, the contractor and property owner would be liable for the injuries sustained by the worker.

**Impact on Contractor Liability Insurance Rates**

The strict liability imposed by these labor laws makes New York one of the most challenging states for contractors to operate in from an insurance perspective. Insurers often raise liability insurance premiums to account for the heightened risk of costly claims. Even a single claim under Labor Law 240 or 241 can result in substantial payouts, leading to higher insurance rates to cover these potential losses.

Contractors in New York must, therefore, secure comprehensive liability insurance to protect themselves against these significant financial risks. This coverage is not just a legal requirement but a critical safeguard for the business’s financial health.

**BGES Group: Your Partner in Securing the Right Coverage**

Navigating the complexities of contractor liability insurance in New York requires expertise and a deep understanding of the local regulatory landscape. The BGES Group specializes in providing tailored insurance solutions that meet the unique needs of contractors operating in this high-risk environment.

With a focus on competitive rates and comprehensive coverage, the BGES Group ensures that your business is protected against the substantial risks posed by Labor Laws 240 and 241. By partnering with the BGES Group, you can secure the insurance you need to operate with confidence and peace of mind.

For expert assistance in obtaining the right contractor liability insurance, contact Gary Wallach at the BGES Group. Reach out at 914-806-5853 to discuss your needs and get a competitive quote tailored to your 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

As a business owner in New York, managing workers’ compensation insurance can be a significant challenge. High rates, constant audits, and unresponsive brokers can turn a necessary business expense into a frustrating ordeal. Fortunately, the BGES Group offers solutions to these common problems, making it easier for you to secure and maintain the workers’ compensation coverage you need.

1. High Rates

One of the most common issues business owners face is the burden of high workers’ compensation rates. The BGES Group has a very understanding of workers’ compensation rates and can negotiate competitive rates on your behalf, ensuring you don’t overpay for necessary coverage.

2. Coverage Being Canceled

Having your coverage canceled can be upsetting, leaving you anxious about having to find new coverage at affordable rates. BGES Group can help you find a new policy quickly, taking the worry away from you so you can focus on more important matters.

3. High Experience Modification Factor

A high experience modification factor (EMR) can make it difficult to get a new policy, result in high premiums and make it difficult to obtain new jobs if you are a contractor. BGES Group specializes in working with businesses to lower their EMR, making it easier to secure affordable insurance.

4. Poor Loss Experience

If your business had a run of bad luck with claims, it can impact your ability to obtain cost-effective coverage. BGES Group can assist in developing loss prevention strategies and finding insurers willing to work with companies looking to improve their safety records.

5. Invasive Audits

Workers’ compensation audits can be time-consuming and stressful. BGES Group helps clients prepare for audits and streamline the process, reducing the hassle and ensuring that your audits are accurate and painless. BGES Group has several programs that simplify the audit process and for some, they may not be required by the insurance company to conduct an audit every year.

6. Misclassified Payrolls

Incorrect payroll classifications can lead to overpayments on your premiums. BGES Group can review your payroll classifications to ensure they are accurate, potentially saving you significant amounts of money.

7. Missing Credits

You might be entitled to certain credits that you are not currently receiving. BGES Group can help make sure that all eligible credits are applied to your policy, reducing your overall premium costs.

8. Excessive Agency Fees

A new trend at agencies is to add on hundreds, thousand dollar plus policy or service fees. Some agencies charge $5,000 we have even seen over $10,000. BGES Group usually charges NO fees BUT offers much quicker, better service. Never be placed on hold when you call! It’s so easy to talk to us when you call!

9. Delayed Certificates

Waiting days for needed certificates can be quite frustrating. BGES Group prides itself on its responsiveness, providing certificates usually within minutes so you have one less issue to concern yourself with. We even issue certificates over the weekend. When you need help most, we are always available unlike most other agencies.

10. Unresponsive Brokers

An unresponsive broker can leave you feeling unsupported and frustrated. With BGES Group, you’ll have access to an attentive and dedicated professional. Gary Wallach is always available to address your concerns and provide the assistance you need.

Why Choose BGES Group?

BGES Group offers comprehensive solutions tailored to the unique challenges faced by New York business owners. Whether you’re dealing with high rates, canceled coverage, or simply need a more responsive broker, BGES Group is here to help. Their expertise and commitment to client satisfaction make them the ideal partner for managing your workers’ compensation insurance.

To explore how BGES Group can help you with your workers’ compensation policy, call Gary Wallach at 914-806-5863 or email bgesgroup@gmail.com today. Whatever your problem, BGES Group can provide the solutions you need to keep your business protected and running smoothly.

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