Workers’ compensation insurance is a critical safeguard for contractors, ensuring that injured employees receive medical care and wage replacement. However, fraudulent claims by employees can drive up insurance costs, increase scrutiny from insurers, and damage a company’s reputation. As a contractor, understanding the warning signs of workers’ compensation fraud can help you protect your business from unnecessary losses. Below are ten signs that an employee may be committing workers’ comp fraud.

1. Delayed Reporting of the Injury

Legitimate workplace injuries are typically reported immediately or as soon as it’s safe to do so. When an employee waits days or even weeks before informing their employer of an alleged injury, it raises suspicion. Delayed reporting can indicate that the injury may not have happened at work or that the employee is attempting to exaggerate a minor issue. Contractors should have clear policies in place requiring immediate injury reporting and documentation.

2. No Witnesses to the Incident

If an employee claims to have suffered an injury on the job but no one witnessed the accident, it can be difficult to verify what really happened. While not every workplace injury has direct witnesses, patterns of unwitnessed incidents—especially in areas with active foot traffic—should raise a red flag. In these cases, thorough investigation and surveillance footage review can help determine the legitimacy of the claim.

3. Inconsistent or Changing Stories

Workers’ compensation fraud often involves fabricated or exaggerated claims, and one of the easiest ways to spot deception is through inconsistent accounts of how the injury occurred. If an employee’s story changes when speaking to different people—such as their supervisor, the insurance adjuster, or a medical professional—it may indicate dishonesty. Keeping detailed written records of every report can help identify discrepancies.

4. Injury Occurs on a Monday or After a Holiday

A surprising number of fraudulent claims involve injuries reported on Monday mornings or after a long weekend. This pattern suggests that the injury may have actually occurred off the job, but the employee is attempting to pass it off as work-related to collect workers’ compensation benefits. Contractors should take special note of these claims and ensure thorough investigations are conducted.

5. The Employee Has a History of Workers’ Comp Claims

While some workers genuinely sustain multiple injuries over time, an employee with a history of frequent workers’ compensation claims should be carefully scrutinized. Serial claimants may be abusing the system to receive benefits without legitimate injuries. A claims history review can reveal whether an individual has a pattern of questionable claims.

6. Refusing Diagnostic Testing or Treatment

When an injured employee avoids medical tests that could confirm the severity of their condition—such as MRIs, X-rays, or independent medical examinations—it may indicate fraud. Fraudulent claimants often exaggerate symptoms but avoid objective medical testing that could contradict their claims. Contractors should work with their workers’ compensation insurer to ensure injured employees comply with required medical evaluations.

7. The Employee is Difficult to Reach While on Leave

A legitimately injured worker will usually keep in touch with their employer about their recovery process and return-to-work timeline. However, fraudulent claimants may become difficult to reach, fail to return phone calls, or avoid check-ins. Some may even be working another job while collecting benefits. Surveillance and social media investigations can sometimes uncover fraudulent activity.

8. Inconsistent Medical Reports

Medical professionals play a key role in verifying workplace injuries, and discrepancies in their reports can be a warning sign of fraud. If one doctor states the employee has a serious injury while another finds only minor issues, the employee may be exaggerating their symptoms. Contractors should work with insurers who have access to medical fraud detection tools and independent medical examiners.

9. The Employee is Seen Doing Activities That Contradict Their Injury Claim

One of the clearest signs of workers’ compensation fraud is when an injured worker is caught engaging in physical activities that contradict their alleged injury. For example, an employee claiming a serious back injury but later being seen lifting heavy objects or playing sports is highly suspicious. Private investigators and social media monitoring can often reveal fraudulent behavior.

10. Financial or Personal Motives for Fraud

Employees facing financial hardship, legal troubles, or job dissatisfaction may be more likely to commit workers’ compensation fraud. If a worker suddenly files a claim after being denied a promotion, facing disciplinary action, or experiencing personal financial difficulties, their motivation should be carefully considered. Contractors should stay vigilant and report any suspicious claims to their insurance provider.

BGES Group: Your Trusted Partner for Workers’ Compensation Coverage

If you suspect workers’ compensation fraud in your company, having a strong insurance partner is essential. BGES Group is a construction insurance specialist serving New York, New Jersey, and Connecticut. We understand the unique challenges that contractors face with workers’ compensation and provide tailored solutions to help protect your business from fraudulent claims.

At BGES Group, we work with top-rated insurance carriers to secure the best coverage at competitive rates. Whether you need new workers’ compensation insurance, help with risk management, or assistance in handling a questionable claim, our team is here to support you. We have programs designed specifically for contractors, including those in higher-risk trades like roofing, demolition, and masonry.

Need New Workers’ Compensation Insurance? Contact BGES Group Today!

Don’t let fraudulent claims drive up your insurance costs and put your business at risk. BGES Group specializes in workers’ compensation insurance for contractors and can help you find a better policy at a lower cost. Contact us today to discuss your coverage needs and get expert guidance.

Contact Information: • Phone: 914-806-5853 • Email: bgesgroup@gmail.com • Website: www.bgesgroup.com

BGES Group is your trusted partner for construction insurance in the Tri-State area. If you need workers’ compensation insurance that protects your business from fraud and unnecessary expenses, give us a call today!

Navigating the intricacies of contractor insurance in New York can be a daunting task for both fledgling and established contractors. With unique state regulations and diverse coverage options, understanding the essentials can save time, money, and protect your business effectively.

What is Contractor Insurance?

Contractor insurance is a comprehensive coverage plan designed to shield contractors from unexpected risks and liabilities that occur during the course of their professional work. It is not a one-size-fits-all solution, but rather a tailored mix of different insurance types. At its core, contractor insurance typically includes general liability coverage, which protects against claims of bodily injury, property damage, and other liabilities. Additionally, policies often encompass workers’ compensation, which is crucial for covering medical expenses and lost wages for employees injured on the job. This insurance acts as a crucial safety net, ensuring that contractors can focus on their work without constant worry about potential financial setbacks caused by unforeseen incidents. By securing adequate contractor insurance, businesses can safeguard their operations, maintain a sense of security, and focus on growth and client satisfaction.

New York State Regulations and Compliance

In the vibrant construction landscape of New York, contractor insurance is not merely an option—it is a legal mandate. New York state regulations stipulate stringent requirements to ensure that contractors are adequately covered for any mishaps on the job. Compliance with these regulations is not just a protective measure; it is a legal obligation for operating within the state. Contractors must carry specific types of insurance to be granted permits and licenses necessary for projects. Moreover, failure to comply can result in severe penalties, including hefty fines and project shutdowns. These compliance standards are in place to protect not only the contractors but also their clients, creating a safety net that serves the entire construction ecosystem. New York’s laws are designed to mitigate risks and ensure fair compensation in case of accidents or disputes. Thus, understanding and adhering to these regulations is vital for any contractor aiming to maintain a successful and lawful business operation in the Empire State.

A crucial piece of this regulatory puzzle involves securing appropriate liability limits outlined by state guidelines. According to the New York State Insurance Department, contractors often face complex liabilities and must ensure their policies meet or exceed these baseline requirements. While the specifics can vary based on the nature of the work and the contractor’s scope, the principle remains clear: only when correctly insured can a contractor confidently navigate New York’s unique construction landscape. Furthermore, maintaining compliance extends beyond initial setup—it requires ongoing diligence to adapt to any regulatory changes and updates which the state periodically enacts.

Types of Contractor Insurance Coverage

New York contractors have access to a variety of insurance coverage options designed to address the broad spectrum of risks associated with construction work. Foremost among these is general liability insurance, which offers protection against claims involving injuries or property damage caused by the contractor’s operations. This coverage is essential in a city like New York, where the density of both buildings and people increases the potential for such incidents. In addition to general liability, workers’ compensation insurance is mandated by state law for businesses with employees. This coverage ensures that workers receive benefits in the event of a job-related injury or illness, covering medical expenses and a portion of lost wages. Beyond these basics, contractors might also consider professional liability insurance, which protects against errors or negligence in providing professional services. For contractors who rely heavily on vehicles, commercial auto insurance is indispensable. By comprehensively understanding and integrating these coverage types, contractors can effectively safeguard their business operations from the diverse range of potential liabilities they face.

Another critical component of contractor insurance is builders risk insurance, which covers buildings under construction against damage from various events like fire, wind, and theft. This type of insurance is particularly important because construction projects are inherently vulnerable until completed. Moreover, contractors in New York often need surety bonds, which provide financial assurance in the event that they fail to meet contractual obligations. These measures collectively create a robust firewall against unforeseen events, enabling contractors to focus on delivering quality results. Lastly, firms engaged in large-scale projects might require umbrella insurance to extend their overall protection limits and ensure comprehensive safety nets against extensive liabilities. Each coverage type serves a unique role, providing a suite of protections that underpin successful project execution while reducing financial uncertainties.

Factors Influencing Insurance Premiums

The cost of contractor insurance in New York is determined by a myriad of factors, making each premium unique to the contractor’s situation. One primary factor is the contractor’s business size and scope, as larger firms or those undertaking high-risk projects can expect higher premiums due to increased liability exposure. For instance, a contractor involved in significant infrastructure projects or hazardous tasks such as demolition will naturally face steeper premiums. Additionally, the claims history of a contractor plays a pivotal role; a history of frequent claims can signal higher risk to insurers, leading to more expensive premiums. Another critical element is the geographical location of projects, as some areas in New York may pose higher risks due to local conditions or regulations. Understanding these factors is essential for contractors to effectively manage their insurance costs and align them with their operational budgets.

Beyond these basic determinants, the type of work undertaken and the safety measures implemented by a contractor significantly influence premium levels. Contractors with rigorous safety protocols and a good track record of minimizing incidents may benefit from reduced insurance costs. Insurers often reward adherence to safety standards, which decreases the likelihood of claims, with more favorable premium rates. Similarly, the specific coverage limits and deductibles chosen will directly affect the overall cost. Opting for higher coverage limits and lower deductibles generally leads to increased premiums but offers greater protection. Conversely, select higher deductibles might lower initial costs but require more substantial out-of-pocket expenses in the event of a claim. A strategic balance of these factors can help contractors optimize insurance expenses while maintaining robust protection.

Choosing the Right Insurance Provider

Selecting the right insurance provider is a critical decision for contractors in New York, given the complex nature of the construction industry and its associated risks. A proactive approach involves evaluating providers based on their reputation, customer feedback, and years of experience in serving the construction sector. Searching for providers who specialize in contractor insurance can offer added advantages, as they possess a deeper understanding of the unique challenges and requirements contractors face. Assessing the range of policies and services offered by an insurer is equally important. Contractors should prioritize providers that offer comprehensive coverage options tailored to the specific needs of the construction industry. Additionally, exploring providers that offer subcontractor insurance screening services can be highly beneficial, as these services help verify and ensure that subcontractors meet essential insurance requirements.

Another crucial factor when choosing an insurance provider is the level of customer support offered. The availability and responsiveness of the provider during both the selection process and over the course of the policy are vital for ensuring swift assistance when issues arise. Cost-effectiveness is another consideration; however, it should not solely drive the decision. Contractors must weigh the benefits of comprehensive coverage against the premiums, valuing quality and reliability over the cheapest option. Establishing a partnership with a reputable insurer can significantly enhance a contractor’s ability to navigate New York’s complex regulatory environment, ultimately fostering a more resilient and successful business operation.

Securing Your Business With the Right Insurance

In summary, comprehending contractor insurance in New York is pivotal for safeguarding against potential liabilities and ensuring the smooth operation of your business. By understanding the various types of coverage, legal requirements, and factors influencing premiums, contractors can make informed decisions and secure the future of their enterprises.

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 – 2025 – BGES Group

For businesses, protecting employees from workplace injuries is both a legal and ethical responsibility. That’s where Workers’ Compensation Insurance comes in. However, many business owners overlook another critical aspect of coverage—Employer’s Liability Insurance—which is becoming increasingly scrutinized, with organizations now requiring $1 million limits as a standard. Below, we’ll break down what each policy covers, why Employer’s Liability is more important than ever, and how BGES Group can help businesses secure the right coverage.

Workers’ Compensation Insurance: What It Covers

Workers’ compensation is a state-mandated insurance policy that provides financial benefits to employees who suffer work-related injuries or illnesses. Regardless of who is at fault, this insurance ensures employees receive medical treatment and wage replacement while protecting employers from lawsuits.

Key Coverages of Workers’ Compensation Insurance

1. Medical Expenses – Covers all necessary medical treatments, including doctor visits, hospital stays, physical therapy, prescriptions, and rehabilitation.
2. Lost Wages – Provides partial wage replacement for employees who cannot work due to a work-related injury or illness.
3. Disability Benefits – Covers temporary or permanent disabilities, whether partial or total, that prevent an employee from returning to work.
4. Death Benefits – Provides financial support to the dependents of an employee who dies due to a work-related incident.

While workers’ compensation insurance is comprehensive, it does not fully shield employers from liability. That’s where Employer’s Liability Insurance comes into play.

Employer’s Liability Insurance: A Crucial Layer of Protection

Employer’s Liability Insurance is included in most workers’ compensation policies but serves a distinct purpose: It protects businesses against lawsuits filed by employees or their families for work-related injuries that aren’t fully covered by workers’ comp.

What Employer’s Liability Covers

1. Third-Party Lawsuits – If an injured employee sues a third party (such as a manufacturer of faulty equipment), that third party may, in turn, sue the employer.
2. Loss of Consortium Claims – If an employee’s injury impacts their family, their spouse may file a lawsuit for loss of companionship or household contributions.
3. Consequential Bodily Injury – If a family member of the injured employee suffers illness or injury as a direct result of the employee’s injury, they may sue the employer.
4. Dual Capacity Lawsuits – If an employee is injured by a product manufactured by their employer, they may sue the company as both their employer and as the manufacturer.

These claims can lead to significant financial exposure beyond standard workers’ compensation benefits, making Employer’s Liability Insurance a crucial safeguard.

Why More Organizations Require $1 Million Employer’s Liability Limits

A decade ago, many businesses carried minimum Employer’s Liability limits of $100,000 per employee injury, $500,000 per disease policy limit, and $100,000 per disease per employee. Today, more companies, contractors, and hiring firms are demanding $1 million limits or higher—but why?

1. Rising Litigation Costs
   Legal costs have soared in recent years, making even small lawsuits expensive. Many settlements exceed six or seven figures, so businesses need higher coverage limits to avoid catastrophic financial losses.
2. Increased Workplace Injury Claims
   Workplace injury lawsuits are rising, particularly in high-risk industries like construction, manufacturing, and transportation. Organizations want to ensure their subcontractors and vendors have sufficient coverage to avoid being pulled into costly lawsuits.
3. Contractual Requirements
   Many large corporations and government contracts now require vendors to carry $1 million in Employer’s Liability coverage before they can work on a project. Businesses without adequate limits risk losing out on valuable contracts.
4. Third-Party Lawsuits Are Becoming More Common
   More third-party over-action claims are being filed, where injured employees sue equipment manufacturers, general contractors, or property owners—who then sue the employer for contribution. High Employer’s Liability limits help businesses absorb these costs.
5. Coverage Gaps Could Bankrupt a Business
   Without sufficient limits, a single claim could financially devastate a small or mid-sized business. Many organizations are now proactively increasing their limits rather than taking that risk.

Real-World Examples of Employer’s Liability Claims

To illustrate why high limits are essential, here are a few real-world scenarios where Employer’s Liability Insurance would be critical:

Case #1: The Construction Worker Injury
A subcontractor’s employee falls from scaffolding at a job site and suffers a permanent disability. The injured worker receives workers’ compensation but then sues the general contractor. The general contractor, in turn, sues the subcontractor for not maintaining a safe work environment. The subcontractor’s Employer’s Liability Insurance helps cover the settlement costs.

Case #2: Defective Equipment Lawsuit
A warehouse worker loses a finger while using a defective machine. The worker sues the machine manufacturer, but the manufacturer claims improper maintenance by the employer caused the injury. The employer now faces a third-party over-action lawsuit, which Employer’s Liability Insurance helps defend against.

Case #3: Family Member’s Injury Claim
An employee contracts a work-related disease and unknowingly exposes their spouse, who becomes ill as well. The spouse sues the employer for negligence. Employer’s Liability Insurance steps in to cover legal costs and settlements.

How BGES Group Can Help Your Business

At BGES Group, we specialize in helping businesses find the right Workers’ Compensation and Employer’s Liability coverage to meet their industry’s demands. Whether you’re a contractor, manufacturer, trucking company, limousine service, or small business owner, we can:

✔ Secure competitive pricing for your workers’ compensation coverage
✔ Ensure your Employer’s Liability limits meet contract requirements
✔ Find solutions for high-risk industries
✔ Help businesses avoid costly claims and lawsuits
✔ Provide expert advice on risk management and compliance

Take Action Today – Contact BGES Group

With workplace injury lawsuits on the rise and more organizations demanding higher coverage limits, now is the time to review your workers’ compensation policy and Employer’s Liability limits.

Contact Gary Wallach at BGES Group today:
📞 914-806-5853
📧 bgesgroup@gmail.com
🌐 www.bgesgroup.com

Don’t wait until you’re faced with a lawsuit—protect your business now with the right coverage!

If you’re frustrated with your workers’ compensation insurance, you’re not alone. Many business owners find themselves battling rising costs, unfair audits, and a lack of proper credits. The good news? There’s a better way.

At BGES Group, we specialize in helping businesses like yours secure fair, transparent, and affordable workers’ compensation coverage. But first, ask yourself these ten critical questions:

10 Questions to Ask About Your Workers’ Comp Coverage

1. Are you sick and tired of invasive annual audits that seem designed to penalize you rather than ensure accuracy?
2. Do you feel like you’re not getting the proper experience modification factor credits, costing you thousands in unnecessary premiums?
3. Has your insurer classified your payroll incorrectly, leading to inflated costs?
4. Do you dread your renewal because of a large annual deposit requirements?
5. Do you need workers’ comp coverage in multiple states, but your company is not able to cover your properly?
6. Has your insurance company unfairly increased your rates?
7. Do you find it nearly impossible to speak with a knowledgeable representative when you have questions about your policy?
8. Are you working with an agent who simply renews your policy without looking for ways to reduce your costs?
9. Has your current provider failed to offer proactive risk management strategies to help reduce workplace injuries and claims?
10. Are you tired of last-minute surprises, like unexpected rate hikes, hidden fees, or cancellation threats?

If you answered “yes” to even one of these questions, it’s time to rethink your workers’ compensation insurance provider.

What BGES Group Can Do for You

At BGES Group, we believe that workers’ compensation should work for you, not against you. Here’s how we can help:

• Honest and Transparent Pricing – We ensure that your payroll is classified correctly and that you receive all the credits and discounts you deserve.
• Expert Audit Support – No more aggressive, unfair audits. We work with you to ensure accuracy and fairness.
• Coverage for Multi-State Businesses – Whether you operate in New York, New Jersey, Connecticut, or beyond, we help navigate complex regulations.
• Lower Deposits & Better Payment Plans – Stop dreading renewals. We help secure policies with reasonable upfront costs and payment flexibility.
• Proactive Risk Management – We help you implement workplace safety measures to reduce claims and keep costs down.
• Dedicated Customer Support – You get a direct line to an expert who knows your business and is available when you need them.

Who We Serve

We specialize in workers’ compensation insurance for all industries, including:

• Contractors (including higher-risk trades like asbestos, demolition, and roofing)
• Manufacturers
• Moving & Storage Companies
• Trucking & Transportation Businesses
• Auto Service Companies
• Limousine Services
• Other Small to Mid-Sized Businesses

Whether you have one location or operate across multiple states, we have solutions tailored for you.

Let’s Fix Your Workers’ Comp Insurance Today!

If you’re fed up with your current workers’ compensation provider, don’t wait until renewal season to make a change. The BGES Group is here to help.

Call or email Gary Wallach today for a no-obligation consultation!

📞 914-806-5853 📧 bgesgroup@gmail.com

Website: www.bgesgroup.com

Take control of your workers’ comp costs and coverage today with a team that works for you, not the insurance companies!

Workers compensation insurance is a crucial requirement for businesses in New York, especially for high-risk industries like construction. Understanding how premiums are calculated can help businesses manage costs and ensure compliance. This article provides a step-by-step guide on how workers compensation premiums are determined for a New York-based general contractor handling carpentry (5403), drywall (5445), and tile work (5348).

Step 1: Determining the Classification Codes and Rates

Workers compensation premiums are primarily based on classification codes assigned by the New York Compensation Insurance Rating Board (NYCIRB). Each trade has a specific classification code and corresponding rate per $100 of payroll. For our general contractor example:

• Carpentry (5403): Involves framing, roofing, and other woodwork tasks.
• Drywall (5445): Covers the installation of drywall panels, including taping and finishing.
• Tile Work (5348): Includes tile and stone installation for flooring and walls.

Each of these classifications has a different level of risk, which is reflected in their individual rates.

Step 2: Estimating the Annual Payroll

Workers compensation premiums are calculated based on the employer’s total payroll for each classification. If our contractor estimates the following payroll for each category:

• Carpentry (5403): $500,000
• Drywall (5445): $400,000
• Tile Work (5348): $300,000

The total payroll for all classifications is $1,200,000.

Step 3: Applying the Manual Rate

Each classification code is assigned a manual rate by NYCIRB. For illustration purposes, let’s assume the following rates:

• Carpentry (5403): $10.00 per $100 of payroll
• Drywall (5445): $9.00 per $100 of payroll
• Tile Work (5348): $8.50 per $100 of payroll

To calculate the base premium for each classification:

• Carpentry (5403): ($500,000 / 100) × $10.00 = $50,000
• Drywall (5445): ($400,000 / 100) × $9.00 = $36,000
• Tile Work (5348): ($300,000 / 100) × $8.50 = $25,500

The total manual premium before any modifications is $111,500.

Step 4: Experience Modification Factor (EMR)

The Experience Modification Factor (EMR) adjusts the premium based on the employer’s claims history compared to industry averages. An EMR of 1.0 means the business has an average claims record, while a lower EMR (e.g., 0.90) results in a discount, and a higher EMR (e.g., 1.20) leads to a surcharge.

If our contractor has an EMR of 0.95, the adjusted premium is:

• $111,500 × 0.95 = $105,925

Step 5: Additional Modifications and Discounts

Other factors can influence the final premium, including:

• Scheduled Credits/Debits: Adjustments based on safety programs, drug-free workplace policies, etc.
• New York State Assessments and Fees: Additional charges for administrative costs and industry assessments.
• Policyholder Dividends: Some insurers offer rebates for low claim activity.

For example, if the contractor qualifies for a 5% safety credit, the premium is reduced further:

• $105,925 × 0.95 = $100,628.75

Step 6: Final Premium Calculation

After applying all adjustments, the contractor’s final premium for workers compensation insurance would be approximately $100,628. However, actual premiums may vary depending on insurer-specific underwriting criteria, payment plans, and other factors.

---

Why Choose BGES Group for Your Workers Compensation Needs?

If you’re struggling with high workers compensation premiums, claim issues, or compliance concerns, BGES Group can help. As one of the Tri-State area’s top workers compensation specialists, we assist businesses in reducing costs and securing the best coverage.

Our Services Include:

• Premium Reduction Strategies: We help you qualify for lower rates through proper classification, safety programs, and risk management.
• Claims Management: Proactive claims handling to minimize costs and reduce your EMR.
• Compliance Support: Ensuring your business meets all New York State workers compensation regulations.
• Customized Insurance Solutions: Finding the right carrier and policy to fit your specific business needs.

Contact BGES Group Today

If you want expert guidance on workers compensation insurance, BGES Group is here to assist. Contact us today to discuss your coverage needs and discover how we can help you save.

• Website: www.bgesgroup.com
• Phone: Gary Wallach – 914-806-5853
• Email: bgesgroup@gmail.com

Don’t let high premiums and insurance headaches hold your business back. Reach out to BGES Group today and let us find the best workers compensation solution for you!

If you’re a New York contractor, this news could have a major impact on your business. Unless things change, a major insurance company is set to non-renew all contractor insurance policies in New York, effective April 1, 2025.

We are not putting the company’s name in writing for legal reasons, but if you call us, we will tell you over the phone.

This could leave thousands of contractors scrambling for coverage in an already difficult insurance market. If you are insured with this carrier, you must take action now to avoid gaps in your coverage, skyrocketing premiums, or being left without insurance altogether.

---

Why Is This Happening?

The New York insurance market for contractors is in crisis. High claims, rising legal costs, and strict labor laws—especially Labor Law 240/241—have made it harder for insurers to remain profitable.

As a result, many large carriers are either:

• Leaving the market completely
• Restricting who they will insure
• Raising rates significantly

This latest decision by a major carrier to drop all New York contractors is a clear warning sign that the insurance landscape is becoming even more challenging.

If you currently have a policy with this company, waiting until your renewal notice arrives will put you at a major disadvantage. Many contractors will be competing for limited policies, and the best options will disappear quickly.

---

What Should You Do Now?

The best way to protect your business is to start exploring your options immediately. BGES Group specializes in helping contractors secure quality coverage at competitive rates, even in this tough market.

We work with top-rated insurance companies that are still actively writing contractor policies in New York, and we know how to navigate the challenges posed by Labor Law 240/241 and other industry risks.

---

10 Great Reasons to Contact BGES Group for Your Business Insurance Needs

At BGES Group, we’ve been helping New York contractors get the best possible coverage at competitive rates for years. If you’re facing a non-renewal or want to explore better insurance options, here are 10 reasons why you should contact us today:

1. We Specialize in New York Construction Insurance

Many general insurance brokers don’t fully understand the unique risks New York contractors face. We do. Our expertise ensures you get the right coverage—without paying for things you don’t need.

2. Exclusive Programs for High-Risk Trades

Some agencies cannot get affordable coverage for roofers, scaffolders, and demolition contractors—but we can. We have access to exclusive programs designed for high-risk construction trades.

3. Competitive Pricing on General Liability & Umbrella Insurance

As more carriers leave the market, rates are expected to rise. We work with multiple top-rated insurers to find you the most competitive pricing available.

4. Labor Law 240/241 Coverage Included

Many policies exclude or limit coverage for these costly labor law claims, leaving contractors exposed to massive lawsuits. We make sure your general liability and umbrella insurance include proper protection for these claims.

5. Fast Turnaround on Quotes

If your current carrier is non-renewing your policy, you don’t have time to wait. Our team works quickly and efficiently to get you the best quotes and coverage without delays.

6. Workers’ Compensation Solutions for All Contractors

Whether you need a standalone workers’ comp policy or a bundled solution with payroll services, we have the right coverage for you—at the best possible price.

7. Personalized Service from Industry Experts

When you call BGES Group, you’re speaking directly with industry professionals like Gary Wallach, who has decades of experience in New York construction insurance. We work for YOU—not the insurance companies.

8. Assistance with Compliance & Certificate Management

Keeping up with insurance compliance and certificates is a hassle for many contractors. We help make sure your policies meet owner and GC requirements so you don’t get held up on job sites.

9. Access to Multiple Top-Rated Insurance Carriers

Since one major carrier is leaving the market, it’s more important than ever to have options. We work with a wide range of top-rated insurance companies that are still writing contractor policies in New York.

10. We Are Contractor Insurance Specialists

Unlike agencies that handle all types of insurance, we focus specifically on contractors. This means we know exactly what policies, coverages, and endorsements you need to stay protected—and compliant.

---

What Happens If You Don’t Take Action?

If you wait until your policy is non-renewed, you could face:

• Higher premiums due to limited availability
• Coverage gaps that put your business at risk
• Delays getting insured, which could impact your ability to work

By acting now, you can secure a better policy at a competitive price before the rush begins.

---

Contact BGES Group Today

If you want to know the name of the carrier that’s dropping all New York contractors, call us. We can discuss your current policy and help you find a better, more reliable insurance solution.

📞 Call Gary Wallach: 914-806-5853
📧 Email: bgesgroup@gmail.com

We specialize in protecting New York contractors, and we’re here to make sure your business stays covered and compliant—no matter what happens in the insurance market.

⏳ Don’t wait until it’s too late. Call us today!

10 Things New York General Contractors Should Look for in Their General and Umbrella Liability Policies

As a general contractor in New York, securing the right General and Umbrella Liability insurance is crucial to protecting your business from costly lawsuits and claims. Not all policies are created equal, and failing to have the right coverage can leave you exposed to significant financial risk. Here are 10 key things you should look for when reviewing your liability policies:

1. Labor Law (Scaffold Law) Coverage

New York’s Labor Laws 240 and 241 hold contractors and property owners strictly liable for elevation-related injuries. Without proper coverage, you could be personally on the hook for massive settlements and legal fees.

2. Additional Insured Endorsements

Many contracts require you to list owners, developers, and subcontractors as additional insureds. Make sure your policy provides this coverage on both an ongoing and completed operations basis.

3. Primary & Non-Contributory Wording

Your policy should clearly state that it pays first (primary) and doesn’t seek contribution (non-contributory) from other policies, as required in many construction contracts.

4. Action Over / Third-Party Over Exclusions

This exclusion can prevent coverage for lawsuits filed by injured subcontractor employees. Avoid policies with this exclusion or work with an expert to ensure proper coverage is in place.

5. Contractual Liability Coverage

Your policy should cover liability you assume under contracts with project owners, developers, or subcontractors. Review the exclusions carefully.

6. Completed Operations Coverage

Claims can arise years after a project is finished. Ensure your general liability policy includes long-term completed operations coverage to protect against future lawsuits.

7. Defense Costs Outside the Limits

If your legal defense costs are included within your policy limits, they could quickly eat up your coverage. Opt for a policy that provides defense costs in addition to your liability limits.

8. High Umbrella Limits

A $1 million general liability policy is often not enough in construction. Many contracts require $5M, $10M, or more in umbrella coverage. Make sure you carry sufficient limits.

9. Per Project Aggregate Limits

Instead of one coverage limit spread across all projects, a per project aggregate ensures you have full coverage for each job, rather than sharing a single limit across multiple projects.

10. Subcontractor Coverage Compliance

Your policy should require subcontractors to carry proper coverage and name you as an additional insured. This helps shift liability away from you in case of a claim.

BGES Group: The Construction Insurance Experts for NY, NJ & CT Contractors

Navigating liability insurance for construction in New York, New Jersey, and Connecticut is complex—but that’s where BGES Group comes in.

We specialize in construction insurance and understand the unique risks general contractors face. Whether you need to upgrade your current policies, secure better pricing, or ensure contract compliance, we are here to help.

Contact BGES Group Today!

☎ Call: Gary Wallach at 914-806-5853
✉ Email: bgesgroup@gmail.com
🌐 Visit: www.bgesgroup.com

Let’s make sure your business is properly protected with the right coverage at the best rates available!

Finding reliable workers’ compensation insurance and NYS disability coverage can be challenging, especially for businesses in high-risk industries. Many insurance companies refuse to cover certain businesses due to their claims history, industry type, or financial risk factors. If you’ve been struggling to secure workers’ comp insurance, BGES Group is here to help.

At BGES Group, we specialize in providing workers’ compensation and NYS disability coverage for businesses that others won’t insure. Whether you’ve been turned down, faced exorbitant premiums, or simply need better coverage, we are your go-to solution. We service New York, New Jersey & Connecticut areas.

Why Choose BGES Group?

We understand that securing workers’ compensation and disability insurance is critical to your business operations. Here are 10 compelling reasons why you should turn to BGES Group for your insurance needs:

1. We Cover Businesses Others Won’t

Many insurance providers shy away from high-risk industries like construction, trucking, manufacturing, and healthcare. At BGES Group, we specialize in insuring businesses that traditional providers refuse to cover. No matter your industry or risk level, we can find a solution for you.

2. Affordable Pricing & Competitive Rates

If you’ve been hit with excessive workers’ compensation premiums, don’t worry. We have access to top-tier insurance carriers offering affordable, competitive rates that won’t break your budget. We work tirelessly to get you the best deal possible without compromising coverage.

3. Fast and Hassle-Free Coverage

Time is money, and waiting for insurance approvals can be frustrating. Our process is designed to get you covered quickly and efficiently, ensuring that your employees are protected and your business remains compliant.

4. No Business is Too Small or Too Large

Whether you run a small local business or a large corporation, we have customized workers’ compensation and disability coverage options tailored to your specific needs. From sole proprietors to businesses with hundreds of employees, we’ve got you covered.

5. Expertise in High-Risk Workers’ Compensation

Many companies struggle with securing workers’ comp due to past claims, high MOD rates, or operating in a hazardous industry. We specialize in these cases and can help lower your costs over time by guiding you through safety programs, claims management, and loss prevention strategies.

6. Coverage for New Ventures & Startups

Are you a new business owner struggling to get insured? Many carriers refuse to cover startups, but we welcome new businesses and provide tailored workers’ compensation solutions to help you get started on the right foot.

7. NYS Disability Insurance for Employers

In addition to workers’ compensation, we offer NYS disability insurance, ensuring that your employees receive the benefits they need if they suffer an off-the-job injury or illness. It’s a legal requirement in New York, and we make securing this coverage simple and affordable.

8. Dedicated, Personalized Service

Unlike big-name insurance companies that treat you like just another number, we provide one-on-one customer service. We take the time to understand your business, answer your questions, and ensure that you get the best coverage at the right price.

9. We Help You Stay Compliant

State laws and workers’ compensation regulations can be confusing. We help ensure that your business stays compliant with all requirements, avoiding costly fines and legal issues related to improper coverage.

10. Proven Track Record of Success

With years of experience in the insurance industry, we have helped countless businesses secure the workers’ comp and disability coverage they need. Our clients trust us because we deliver results and stand by our promises.

Who We Cover

At BGES Group, we provide coverage for a wide range of industries, including but not limited to:

✅ Construction (General Contractors & Subcontractors)
✅ Trucking & Transportation
✅ Manufacturing & Warehousing
✅ Healthcare & Home Healthcare Agencies
✅ Staffing Agencies
✅ Restaurants & Hospitality
✅ Retail & Wholesale Operations
✅ Cleaning & Janitorial Services

No matter your industry, we can find a workers’ compensation and disability insurance solution that fits your needs.

Contact BGES Group Today!

Don’t let other insurance companies tell you that you’re “uninsurable.” BGES Group is here to provide you with the workers’ compensation and NYS disability insurance you need to protect your employees and your business.

📞 Call us today: (914) 806-5853
📧 Email us: bgesgroup@bgesgroup.com
🌐 Visit our website: www.bgesgroup.com

Whether you’ve been turned down, need better rates, or simply want a provider that understands your industry, BGES Group is your trusted partner for all your workers’ compensation and NYS disability insurance needs. Call us today!

Finding the right contractor insurance is crucial for safeguarding your business and ensuring legal compliance. With many options available, it can be challenging to know what to look for. This guide will help you navigate the complexities of choosing contractor insurance near you.

Understand Your Coverage Needs

Identify the specific risks associated with your contracting business, such as liability, property damage, or workers’ compensation, to determine the types of coverage you need.

Contractors face unique risks every day—from accidental property damage to workplace injuries. Comprehensive insurance policies, such as those offered by Nationwide, can protect against liabilities while providing peace of mind. Coverage options like general liability, property insurance, and workers’ compensation must be balanced to ensure all aspects of your business operations are secured.

In assessing what coverage you need, also consider whether your business engages in high-risk activities like roofing or demolition that require specialized insurance. Insurance specialists, like BGES Group, known for handling high-risk contractors, offer tailored solutions to cover these unique scenarios, ensuring robust protection.

Research State Requirements

Different states have varying requirements for contractor insurance. Familiarize yourself with your state’s regulations to ensure you meet all legal obligations.

Understanding the specific insurance needs dictated by your state is vital. For example, New York might have different workers’ compensation laws compared to New Jersey. Consulting with an insurance provider familiar with state requirements, such as BGES Group’s expertise in New York and surrounding areas, can streamline compliance efforts, preventing potential legal issues.

Assess the Financial Stability of Insurance Providers

Choose reputable insurance providers with proven financial stability to ensure they can cover any claims made against your policy.

When selecting an insurance provider, verifying their financial strength is critical. A provider like Nationwide, which has a robust financial backing, ensures that they can fulfill their obligations when claims arise. This reliability is crucial as dealing with an insurance provider that lacks the funds to cover claims can result in significant setbacks for your business.

Compare Quotes from Multiple Insurers

Gather quotes from several insurers to compare pricing and coverage options. Look for comprehensive coverage at a competitive price.

Comparing insurance quotes allows you to analyze various offers and select the most cost-effective policy. While price is important, it’s equally crucial to assess the scope of protection provided. Ensure that you’re not just opting for the cheapest option but are acquiring substantial and appropriate protection for your contracting needs to prevent unexpected expenses in the future.

Review the Insurer’s Customer Service and Claims Process

Investigate the insurer’s reputation for customer service and claims processing. A reliable insurer should offer a smooth claims experience and responsive customer support.

A positive claims experience is often indicative of good customer service. Ensure the insurer provides straightforward processes for filing claims and resolving disputes efficiently. Reading client reviews and seeking testimonials can give you a glimpse into the reliability of their customer support, ensuring your interactions are seamless and professional.

Request Client Testimonials and References

Seek feedback from other contractors who have used the insurer. Testimonials and references can provide insight into the reliability and effectiveness of the insurance provider.

Testimonials from fellow contractors can offer valuable insights. For instance, a company with consistent positive feedback on their responsive service and fair claims process, like BGES Group, demonstrates reliability. Use these references to gauge the insurer’s track record and to ensure you’re making an informed decision based on firsthand experiences.

Conclusion

Choosing the right contractor insurance requires thorough research and understanding of your specific needs. By considering essential coverage, understanding state requirements, and evaluating insurers, you can select a policy that protects you and 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 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 Johnny Carson and Rodney Dangerfield were around today, they’d have a thing or two to say about the state of construction insurance. And if they knew about BGES Group, you can bet they’d be rolling out the red carpet (or at least a heavily insured job site) for these insurance pros.

BGES Group specializes in helping New York contractors navigate the treacherous world of liability and workers’ compensation insurance. And let’s face it—when it comes to construction in New York, the only thing more unpredictable than the weather is the insurance market. But don’t worry—Johnny and Rodney are here (in spirit) to make sure you get the best coverage while having a laugh along the way.

What Johnny Carson and Rodney Dangerfield Would Say About BGES Group

Before we dive into why BGES Group is the best choice for your construction insurance needs, let’s hear what these comedy legends would have to say:

10 Jokes About BGES Group (Courtesy of Johnny & Rodney)

1. Johnny Carson: “You know, folks, construction insurance is like a magician’s assistant—if it’s not done right, someone’s getting sawed in half.”

2. Rodney Dangerfield: “I called BGES Group for insurance. They asked if I had any claims. I said, ‘Yeah, I claim I have no idea what I’m doing!’ No respect, I tell ya!”

3. Johnny Carson: “BGES Group is so good, even the wrecking ball companies use them. Just in case they accidentally build something instead.”

4. Rodney Dangerfield: “My last insurance agent was so bad, my policy had an expiration date of ‘Good Luck.’ But BGES Group? They actually know what they’re doing!”

5. Johnny Carson: “BGES Group makes getting insurance so easy, even the guy who forgot to bolt down the scaffolding can do it.”

6. Rodney Dangerfield: “I told BGES Group I needed insurance for my new business. They asked what kind. I said, ‘The kind that protects me from myself!’”

7. Johnny Carson: “BGES Group handles workers’ comp so well, even OSHA gives them a round of applause.”

8. Rodney Dangerfield: “My last policy was so bad, my lawyer read it and started laughing. But BGES Group? They’re the real deal!”

9. Johnny Carson: “You know you’ve got good insurance when even the building inspector says, ‘Now that’s coverage!’”

10. Rodney Dangerfield: “BGES Group got me such a good deal, I finally got some respect… from my bank account!”

Why BGES Group Is No Joke

Now that we’ve had our laughs, let’s talk business. When it comes to construction insurance, BGES Group is the go-to choice for contractors who need serious coverage without the headache. Here’s why:

1. They Specialize in Construction Insurance

Not all insurance agencies understand the unique risks that contractors face, but BGES Group lives and breathes construction insurance. They know the ins and outs of workers’ comp, general liability, and umbrella policies for construction businesses.

2. They Offer Competitive Pricing

BGES Group has access to multiple markets, meaning they can find you the best rates available. And let’s be honest—contractors have enough expenses without overpaying for insurance.

3. They Help You Avoid Hidden Pitfalls

Ever felt like your insurance policy was written in ancient Egyptian hieroglyphics? BGES Group explains everything in plain English so you know exactly what you’re getting—and more importantly, what you’re not.

4. They Handle High-Risk Contractors

Most insurance agencies run the other way when they hear words like “roofing,” “demolition,” or “asbestos.” But BGES Group has special programs for high-risk trades, ensuring even the toughest jobs are properly covered.

5. They Provide Personalized Service

With BGES Group, you’re not just another policy number. You get direct access to real experts who will walk you through your options and help you make the best decision for your business.

6. They Can Bundle Services for More Savings

Need workers’ comp, payroll services, and even group health insurance? BGES Group can bundle them together, saving you time, money, and a whole lot of stress.

7. They Know How to Handle Claims

A bad insurance agent disappears when it’s time to file a claim. But BGES Group sticks with you, making sure you get the support you need when you need it most.

8. They Serve New York, New Jersey, and Beyond

If you’re a contractor in New York, New Jersey, or Connecticut, BGES Group is the local expert who understands the specific regulations and requirements in your area.

9. They Work with All Types of Businesses

From general contractors to roofers, masons, electricians, and more, BGES Group has coverage options for just about everyone in the construction industry.

10. They Actually Care About Their Clients

Let’s face it—most insurance agencies just want to sell you a policy and move on. But BGES Group is built on relationships, meaning they genuinely care about protecting your business.

BGES Group Client Reviews

Don’t just take our word for it—here’s what real clients have to say about working with BGES Group:

⭐ “Gary Wallach and BGES Group made getting insurance so easy. They saved me money and explained everything clearly.” — Michael R.

⭐ “Best insurance agency I’ve ever worked with. Their knowledge of New York construction insurance is second to none!” — Tony D.

⭐ “I was paying way too much for my policy before I switched to BGES Group. They found me better coverage at a lower price. Highly recommend!” — Sarah K.

Get in Touch with BGES Group Today!

Want to get better insurance at a better price? Contact BGES Group today and see how they can help your business stay protected.

📞 Call Gary Wallach at: 914-806-5853

📧 Email: bgesgroup@gmail.com

🌐 Visit: bgesgroup.com

So don’t wait until you’re knee-deep in lawsuits—get the right coverage now and sleep easier tonight. Even Johnny and Rodney would approve!