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

Labor Law 240 (The Scaffold Law)

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

Labor Law 241

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

Impact on Contractor Liability Insurance Costs

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

Examples of Labor Law Claims

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

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

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

Example of an Action Over Claim

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

How BGES Group Helps Contractors Manage Insurance Costs

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

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

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

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

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

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help! We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, logistics companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too.

If you would like to speak with us, call Gary Wallach at 914-806-5853, click here to email, or click here to visit our website.

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

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

1. **Exaggerated Injuries**

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

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

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

3. **Malingering**

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

4. **False Claims of Injury**

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

5. **Working While Receiving Benefits**

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

Conclusion

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

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

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too. 

If you want to speak with us, call Gary Wallach at 914-806-5853, click here to email, or visit our website.

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

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

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

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

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

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

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

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

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

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

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

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

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

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too. 

If you want to speak with us, call Gary Wallach at 914-806-5853, click here to email, or visit our website.

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

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

1. Exorbitant Rates for Labor Law Coverage

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

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

2. Constantly Switching Insurance Companies

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

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

3. Restrictive Hammer Clauses

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

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

4. Skyrocketing Umbrella Liability Premiums

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

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

5. Unresponsive Brokers and Hidden Fees

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

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

—

Why Choose BGES Group?

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

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

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

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

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner.  We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too. 

If you would like to speak with us, call Gary Wallach at 914-806-5853, click here to email, or click here to visit our website.

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

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

Understanding the Payroll Cap

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

Example 1: Employee Earning $2,000 Per Week

For an employee earning $2,000 per Week:

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

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

Example 2: Employee Earning $2,500 Per Week

For an employee earning $2,500 per Week:

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

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

Example 3: Employee Earning $3,000 Per Week

For an employee earning $3,000 per Week:

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

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

Annual Payroll Calculations and Audit Considerations

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

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

Special Considerations for Owners and Executives

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

Example for Owners and Executives

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

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

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

Ensuring Compliance During Audits

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

How BGES Group Can Help

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

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

Comprehensive Services and Expertise

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

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

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

Contact Us Today

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

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

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

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner.  We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too. 

If you would like to speak with us, call Gary Wallach at 914-806-5853, click here to email, or click here to visit our website.

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

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

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

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

Water and electricity

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

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

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

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

Other precautions

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

It would help if you taught them the following:

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

The takeaway

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

BGES Group is one of New York, New Jersey, and Connecticut’s Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders’ risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health.  Our commitment to you goes beyond the policies we provide. We are always just a call, text, or email away, ready to assist you, even on weekends. We understand the importance of your business and are here to help you navigate any insurance challenges.

BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or whatever your issue. We can help!  We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and Truckers; we can help ANY tri-state business owner.  We are considered “Preferred Agents” for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too. 

If you would like to speak with us, call Gary Wallach at 914-806-5853, click here to email, or click here to visit our website.

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

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