When it comes to commercial general liability (CGL) insurance for New York businesses, the additional insured endorsement is a critical provision. This endorsement determines when and how liability coverage extends to third parties involved in a project, such as general contractors, property owners, or subcontractors. A key factor in shaping the wording of this endorsement is whether privity—a direct contractual relationship—is required between the insured and the additional insured.

This article will explore the differences in endorsement wording based on whether privity is required or not, and explain why this distinction is important for New York businesses.

Privity and Additional Insured Endorsements

Privity refers to a direct contractual relationship between two parties. In the context of CGL insurance, privity often determines who qualifies as an additional insured under a policy. For example, a subcontractor might be required by contract to list the general contractor or project owner as an additional insured on their CGL policy. Whether this coverage is extended depends on whether the parties have a direct contractual relationship (privity) or not.

The language in the additional insured endorsement will reflect this distinction.

Wording of Additional Insured Endorsement if Privity is Required

When privity is required, the additional insured endorsement will only extend coverage to those parties who have a direct written contract with the named insured. This means that for a general contractor or project owner to be covered under the subcontractor’s policy, there must be a formal contractual agreement between them.

Sample Wording (Privity Required):

        “The person or organization shown in the Schedule is an additional insured, but only with respect to liability for ‘bodily injury,’ ‘property damage,’ or ‘personal and advertising injury’ caused, in whole or in part, by your acts or omissions, or the acts or omissions of those acting on your behalf, in the performance of your ongoing operations, but only if the person or organization has a direct written contract with you requiring such coverage.”

This language clearly limits coverage to entities with privity, ensuring that only those with a direct contract can be added as an additional insured.

Wording of Additional Insured Endorsement if Privity is Not Required

On the other hand, if privity is not required, the endorsement can be broader, extending coverage to parties who benefit from the insured’s work even if they do not have a direct contractual relationship with the insured. This is common in complex construction projects where a subcontractor’s work may impact multiple parties, such as general contractors, property owners, and even other subcontractors.

Sample Wording (Privity Not Required):

        “The person or organization shown in the Schedule is an additional insured, but only with respect to liability for ‘bodily injury,’ ‘property damage,’ or ‘personal and advertising injury’ caused, in whole or in part, by your acts or omissions, or the acts or omissions of those acting on your behalf, in the performance of your ongoing operations, whether or not the person or organization has a direct written contract with you.”

This version of the endorsement allows for a wider range of entities to be covered, providing additional flexibility for general contractors and property owners who may not have a direct contractual relationship with every subcontractor on a project.

Why the Distinction Matters

The distinction between privity and non-privity endorsements is critical for managing risk in New York’s construction industry. If privity is required, businesses may limit their exposure to third parties, restricting additional insured coverage to only those with direct contracts. This can help control premium costs and reduce liability. However, requiring privity may leave some parties without coverage, which could lead to disputes or gaps in protection.

Conversely, non-privity endorsements offer broader coverage, making it easier for general contractors and property owners to be protected. This may increase premiums but can provide peace of mind by ensuring more comprehensive risk management.

BGES Group: Your Tri-State Construction Insurance Specialists

Navigating the complexities of additional insured endorsements and other insurance provisions can be challenging, especially in the construction industry where liability risks are high. That’s where BGES Group comes in. As specialists in construction insurance, we understand the unique needs of contractors, developers, and business owners across the Tri-State area. Whether you require workers’ compensation, general liability, or specialized coverages, we are here to provide expert guidance and competitive rates.

For more information on how we can help protect your business, contact BGES Group today:

        •         Website: www.bgesgroup.com

        •         Phone: 914-806-5853

        •         Email: bgesgroup@gmail.com

Let BGES Group ensure you have the right coverage to safeguard your projects 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

As a business owner in New York, New Jersey, or Connecticut, navigating the complexities of workers’ compensation insurance can be overwhelming. With rising premiums, ever-changing regulations, and the challenges of balancing payroll and employee benefits, finding the right insurance provider is crucial. At BGES Group, we specialize in workers’ compensation insurance, and we’ve helped countless businesses in the Tri-State area find better coverage at competitive rates. Whether you need a new policy or want to explore cost-saving opportunities, BGES Group is here to guide you every step of the way.

10 Problems BGES Group Can Help You Solve

    1.       High Premiums: If you’re dealing with skyrocketing workers’ compensation premiums, BGES Group can analyze your current policy and help you find more affordable options that meet your needs.

    2.       Coverage Gaps: Worried that your current policy doesn’t fully protect your business? We can identify any gaps in your coverage and recommend policies that offer comprehensive protection.

    3.       Compliance Issues: Ensuring compliance with state workers’ compensation laws can be tricky. BGES Group will help you stay compliant to avoid costly penalties and fines.

    4.       Difficulty in Handling Claims: Struggling with managing workers’ compensation claims? We provide expert guidance to help you streamline the claims process and minimize disruptions to your business.

    5.       Managing Payroll Alongside Insurance: If managing payroll and insurance feels overwhelming, we offer a solution: our program combines payroll services with workers’ compensation insurance to simplify administration.

    6.       Rising Healthcare Costs: Employee healthcare is a major expense, but our programs can include group health insurance plans that can lower costs by up to 30%. These plans are offered by well-known national carriers, but our special arrangements can offer lower rates.

    7.       Lack of Customization: Many insurance providers offer one-size-fits-all solutions. At BGES Group, we tailor policies to meet the unique needs of your business, ensuring you only pay for what you need.

    8.       Unfamiliar with High-Risk Insurance: High-risk industries like construction or manufacturing require specialized coverage. BGES Group has extensive experience working with high-risk businesses, ensuring you get the right protection.

    9.       Changing Workforce Needs: If your workforce is expanding or contracting, we can adjust your policy to keep your insurance costs aligned with your business’s needs.

    10.     Limited Access to Competitive Plans: Many small and medium-sized businesses struggle to access competitive insurance plans. Our program offers exclusive arrangements with national carriers, ensuring you get the best rates and comprehensive coverage.

Our Comprehensive Program: Payroll + Workers’ Comp + Group Health Insurance

At BGES Group, we’re proud to offer a program that combines payroll services, workers’ compensation insurance, and even group health insurance. This program provides significant savings—up to 30%—while simplifying your business’s administration. By bundling these essential services together, you not only save money but also reduce the administrative burden of managing separate services for payroll, workers’ comp, and employee benefits.

Our group health insurance plans are provided by trusted national carriers, but thanks to our program’s unique arrangements, the rates can be significantly lower than what you’d find elsewhere. It’s a win-win for your business and your employees.

Why Choose BGES Group?

BGES Group is dedicated to helping businesses in New York, New Jersey, and Connecticut secure the best workers’ compensation coverage at the best rates. With our industry expertise, personalized service, and specialized programs, you can trust us to protect your business while saving you money. Whether you’re a small business or a larger company, we have the solutions to meet your insurance and payroll needs.

Contact BGES Group for More Information

If you’re ready to explore better workers’ compensation insurance options or want to learn more about how BGES Group can help you save up to 30% through our combined services program, don’t hesitate to reach out.

Contact Gary Wallach Today:

        •         Phone: 914-806-5853

        •         Email: bgesgroup@gmail.com

        •         Website: www.bgesgroup.com

Let BGES Group provide you with the expert guidance you need to protect your business and your employees.

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

As a New York contractor, you already know how volatile the construction industry can be. One year, your insurance premiums seem manageable, and the next, you’re blindsided by a massive rate hike. This year, liability insurance rates are surging by 20% or more, and without the right approach, your broker may not be doing everything they can to ensure you’re getting the best deal. Now, more than ever, it’s crucial to bring BGES Group into the fold when getting your liability and workers’ compensation quotes.

Here’s why you need BGES Group on your team this renewal season:

1. Keep Your Current Broker On Their Toes

By bringing BGES Group in to provide a quote, you ensure that your current broker won’t get complacent. Competition drives performance, and with BGES Group as a strong contender, your broker will be forced to step up their game to earn your business.

2. Specialized Focus on New York Contractors

BGES Group specializes in providing liability and workers’ compensation insurance for New York contractors. We understand the unique challenges you face, such as compliance with strict local regulations like Labor Laws 240 and 241, and can tailor your coverage accordingly.

3. Proven Expertise in Liability Insurance

In a market where liability rates are skyrocketing, you need an insurance expert who can navigate these turbulent waters. BGES Group has years of experience securing competitive liability insurance, even in the face of steep rate increases.

4. Access to Top Insurance Markets

As a boutique firm, BGES Group has access to top insurance carriers that might not be available through your current broker. This ensures that you’re getting the best possible pricing and coverage options that suit your specific needs.

5. Personalized Service

Unlike large, impersonal agencies, BGES Group offers a boutique experience where you’re treated like a valued client. We take the time to understand your business, assess your risks, and provide customized solutions to protect your operations.

6. Dedicated Support for Labor Law Coverage

New York’s Labor Laws 240 and 241 pose significant risks to contractors. BGES Group specializes in securing the right general and umbrella liability insurance that includes critical labor law coverage, protecting you from costly claims and lawsuits.

7. Workers’ Compensation Expertise

Workers’ compensation is one of the biggest costs for contractors, and BGES Group knows how to minimize those expenses. Our expertise ensures that you get the best workers’ compensation coverage at competitive rates, helping you save on this essential coverage.

8. Aggressive Negotiation on Your Behalf

We don’t just submit applications—we aggressively negotiate with carriers to get you the best possible terms. With our knowledge of the insurance marketplace, we’re able to push for better pricing and coverage, even in a hard market.

9. Transparent Communication

BGES Group prides itself on clear, transparent communication. We’ll keep you informed every step of the way and ensure that you fully understand your options, risks, and the coverages you’re purchasing.

10. Comprehensive Solutions, Not Just Insurance Policies

With BGES Group, you’re not just getting an insurance policy. You’re getting a comprehensive risk management solution that looks at all angles of your business. From safety recommendations to insurance compliance tips, we provide you with the tools you need to protect your business and minimize risk.

This renewal season, don’t let your current broker get lazy while your premiums soar. Get BGES Group in there for a second opinion, and see how our boutique service, competitive pricing, and specialized expertise can make all the difference in protecting your business. With rates increasing by 20% or more, now is the time to take action and ensure that your insurance coverage is both comprehensive and affordable.

Contact BGES Group Today

Gary Wallach, President

Phone: 914-806-5853

Email: bgesgroup@gmail.com

Website: bgesgroup.com

Get in touch with us today to request your liability and workers’ compensation quotes, and let us help you secure the protection your business needs.

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

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

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

Navigating the world of contractor insurance can be complicated, especially in New York. With a myriad of options and requirements, it’s crucial to understand what coverage you need to protect your business. This guide aims to simplify the basics of contractor insurance in the Empire State.

What is Contractor Insurance?

Contractor insurance is a form of coverage designed to protect contractors and their businesses from a variety of risks. These risks can range from accidents at the worksite to unexpected property damage or client lawsuits. Understanding the different types of policies available is essential for selecting the right coverage for your business.

Imagine you’re working on a new project when an unexpected accident occurs, causing injury or property damage. Without the appropriate insurance, your business could face significant financial strain. This is why contractor insurance is not just a regulatory requirement in New York but a necessity for safeguarding your business against unforeseen circumstances. It acts as a protective barrier, covering costs that might otherwise jeopardize your business’s survival.

Contractor insurance also extends beyond mere damage or injury coverage. Policies can be tailored to include protection against loss of equipment, theft, or even public liability claims. In the bustling landscape of New York, where construction projects range from high-rise buildings to historical renovations, having a comprehensive insurance plan ensures you stay protected in various operational scenarios, enabling you to focus more on quality delivery and less on potential mishaps.

Types of Contractor Insurance and Their Benefits

There are several types of contractor insurance that cater to different needs. General Liability Insurance covers third-party bodily injury and property damage, while Workers’ Compensation protects employees. Other insurances, like Professional Liability and Commercial Auto Insurance, offer additional layers of protection. Knowing what each policy provides can help you make informed decisions.

General Liability Insurance is a staple in the construction industry. It protects you from the financial fallout of accidents that result in injury or damage to property, an essential buffer in the litigious climate of New York. With the city’s skyscrapers and complex projects, the slips and errors on a job site can be costly. As highlighted by experts at Allen Thomas Group, having strong insurance safeguards your business assets and reputation.

Workers’ Compensation is crucial in ensuring the well-being of your employees while protecting your business from the financial burden of workplace injuries. This coverage ensures that medical expenses and lost wages are covered, reducing the likelihood of employee lawsuits, a significant concern highlighted in the Top Contractor Insurance Mistakes to Avoid in New York.

Understanding Contractor Insurance Costs in NY

The cost of contractor insurance in New York is influenced by several factors including the size of your business, the nature of the projects you undertake, and the coverage limits you choose. It’s important to obtain multiple quotes and consider the specifics of your operations when evaluating insurance costs.

Insurance premiums in New York can be high, driven by the state’s unique risks and stringent regulatory environment. These costs can vary significantly based on factors such as the scale of construction activities and historical claim records. As noted by the Allen Thomas Group, having a comprehensive evaluation can help you tailor a policy that both meets legal requirements and suits your operational needs without overspending.

Mitigating costs involves actively engaging in loss prevention strategies. By enhancing workplace safety and training, you not only ensure the well-being of your workforce but also position yourself as a low-risk clientele, which can effectively reduce insurance premiums. Regular policy reviews, as advocated by BGES Group, help maintain alignment with your evolving business needs, ensuring cost-effective insurance protection.

Legal Requirements for Contractor Insurance in New York

New York State has specific legal requirements for contractors when it comes to insurance. Understanding these regulations is crucial, as non-compliance can lead to fines, legal issues, and damage to your business’s reputation. Staying updated with state laws ensures you maintain the necessary coverage levels.

Contractors must secure Workers’ Compensation, Disability, and General Liability Insurance to comply with New York laws. This comprehensive shield is not just a legal formality but a necessity considering New York’s dynamic and sometimes litigious construction environment. Many contractors mistakenly opt for the bare minimum coverage, which can be risky given the varied nature of projects within the state.

Compliance is more than meeting baseline requirements. As advised in resources like the New York Department of Financial Services, keeping up with legal mandates and adapting your coverage to include optional enhancements like Environmental Liability or Builder’s Risk Insurance can offer robust protection against unforeseen challenges.

Tips for Choosing the Right Insurance Policy

Selecting the right contractor insurance involves assessing your business’s specific needs and risks. Consulting with insurance professionals, comparing policy features, and reading client reviews can guide you towards making the best choice. Additionally, regularly reviewing and updating your coverage ensures continuous protection as your business evolves.

Start by identifying the common risks associated with your projects. Analyzing factors like the size of your workforce, the complexity of your operations, and historical loss data will direct you towards a policy that aligns with actual needs rather than hypothetical ones. This ensures not only compliance with legal mandates but also enhances business resilience.

Partnering with experienced insurance agents, like those at the BGES Group, can provide invaluable insights into the intricacies of New York’s construction insurance landscape. Their expertise in aligning coverage with specific business needs ensures robust protection without unnecessary costs. It’s not just about filling checkboxes; it’s about strategically securing your business future.

Making Informed Insurance Decisions for Your Contracting Business

In conclusion, contractor insurance is a fundamental part of running a successful contracting business in New York. By understanding the different types of coverage, factors that affect cost, and the importance of compliance, you can better protect your business and focus on delivering quality work to your clients.

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
 

A new study has found that the fastest-growing cost associated with cyber incidents is businesses interruption, reinforcing the need for businesses to have in place robust response and data restoration measures, particularly after a ransomware attack.

Between 2019 and 2023, the average cyber insurance claim that involved business interruption ended up costing 450% more than claims that had no lost income, according to the “2024 NetDiligence Cyber Claims Study.”

Business interruption can occur if a cyberattack like ransomware fully or partially disables a company’s operations or if a vendor suffers a cyberattack that forces the client company to suffer a loss or inability to operate.

The latter, known as “contingent business interruption,” can occur if a cyberattack cripples a supplier’s factory from producing a part that’s crucial for another company’s production operation.

The study also found that if business interruption is involved, the cost of all parts of a claim, such as crisis services and recovery costs, also increase.

For claims with no business interruption losses, the average cost of a cyber claim for small and mid-sized enterprises (SMEs) between 2019 and 2013 was as follows:

• Crisis services: $96,000
• Regulatory and legal: $24,000
• Total incident cost: $205,000

However, for SME claims with a business interruption component during the same period, average costs were*:

• Business interruption: $487,000.
• Crisis services: $279,000
• Recovery expense: $115,000
• Total incident cost: $995,000

* There was no information on regulatory and legal costs for these types of claims.

For large companies, the average business interruption cost was $26 million, with total incident costs averaging $36 million in 2019-2023.

What you can do

First: Ensure that you have in place systems, policies and training to reduce the chances of your organization being hit by a cyberattack.

One of the study authors noted that many companies he deals with are woefully unprepared for a cyber event-caused business interruption.

“We continue to see SME clients transform their businesses to be more reliant on digital systems while failing to understand the inherent risks that come from complex digital ecosystems,” said Alden Hutchison, principal of global consulting firm RSM US LLP. 

“This becomes very evident during the recovery process for a client where it’s clear they haven’t planned for resilience in their digital platform nor practiced operating their business processes during a crisis scenario,” he explained.

Experts recommend:

Disconnecting all networks. As soon as a threat is discovered, disconnect every vulnerable device from your network in order to keep the attack from spreading.

Regular back-ups. Back up critical data to a secure, offsite location to enable swift recovery in case of a cyberattack. Even better: Download your data on a daily basis to a hard drive that is not connected to you database or the internet.
But beware: Ransomware can have dwell times as long as six months, so malware might have been included in your archival backups. Before restoring, run an anti-malware package on all systems and drives.

Detailed planning. Create a detailed plan outlining response procedures to a cyberattack, including roles, responsibilities, and data recovery and restoration strategies. Also, prioritize in advance what data or systems needs to be recovered first, and when.

Continuous monitoring. Continuously monitor network traffic for suspicious activity to detect potential threats early and before they spread and threaten to take your entire system down.

Cyber coverage

Finally, you should have in place a cyber insurance policy. Most policies include coverage for both business interruption due to an event on your systems and contingent business interruption for a cyber event at a vendor or supplier.

You can often work with us to tailor-make your cyber policy to ensure it would cover your business’s specific needs.

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

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

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group
###

As a New York contractor, you’ve got enough headaches to deal with—delayed deliveries, tight deadlines, and that one worker who somehow always manages to drop a hammer on his foot. But if your workers’ compensation insurance company is giving you more grief than the entire crew combined, it’s time to make a change. Let BGES Group step in and find you better coverage with less stress. Here are 10 funny but totally solid reasons why.

    1.       Your Current Agency Doesn’t Answer Their Phones

Let’s face it: nothing says “great customer service” like getting voicemail every time you call. If you’re starting to wonder if your insurance company even owns a phone, let BGES Group handle it. We actually answer our phones, and yes, real people (not robots) will be on the other end!

    2.       Their Staff is as Green as Freshly Poured Concrete

You asked a basic question about your policy, and they responded with, “Let me Google that for you.” If your current agency’s staff is still figuring out the difference between a general contractor and a sub, it’s time to switch to BGES Group, where insurance expertise is as strong as your job-site foundations.

    3.       They Add More Fees Than a Manhattan Restaurant

“Service fee,” “processing fee,” “admin fee”—sound familiar? If your workers’ comp policy has more hidden charges than your last dinner bill, BGES Group will cut through the nonsense. No ridiculous, excessive fees here—just honest pricing with none of the fine print trickery.

    4.       You Can’t Stand Doing Audits, and Your Company Wants a Full Financial Autopsy

Every year, the dreaded workers’ comp audit rolls around, and your insurer demands every financial document since the dawn of time. If you’re tired of digging through piles of paperwork like you’re Indiana Jones looking for hidden treasure, let BGES Group take the hassle out of it. We help simplify the audit process so you can focus on building, not bookkeeping.

    5.       Your Claims Process Feels Like a Reality Show Challenge

Trying to get a claim processed with your current insurer is like navigating an obstacle course. First, you need to find the right form, then fill it out without tripping over the legal jargon, and finally, submit it without losing your sanity. At BGES Group, we believe insurance claims should be as smooth as freshly laid asphalt—no hurdles or hoops to jump through.

    6.       Their Premiums Rise Like New York Skyscrapers

You thought you locked in a decent rate, but your premiums have skyrocketed faster than new luxury condos in the city. If your workers’ comp insurer’s rates are climbing higher than your scaffolding, BGES Group will find you competitive pricing that doesn’t hit your wallet like a wrecking ball.

    7.       Their Policy Explanations Are as Clear as NYC Parking Rules

“Wait, I’m covered for what now?” If your policy reads like a legal novel and you’re never quite sure what’s included, it’s time to work with BGES Group. We break it down in contractor-friendly terms, so you know exactly what you’re getting.

    8.       Your Agent Acts Like They’re Doing You a Favor

When you call for help, you get the sense your agent is doing you a massive favor just by speaking to you. If your current insurance company treats you like they’re the boss, it’s time to switch to BGES Group. We know you’re the client, and we work hard to make sure you’re treated that way.

    9.       You’re Tired of the “Surprise! You Owe Us More” Routine

Every time you turn around, there’s a new bill, a higher premium, or some added charge for something you didn’t even know existed. BGES Group believes in transparency—you’ll know exactly what you’re paying and why, so there are no unpleasant surprises.

    10.     You’d Rather Do Anything Than Deal with Another Audit Request

Your current insurer’s audit requirements have you gathering financial data for hours, sweating over spreadsheets, and digging through receipts like you’re preparing for a tax audit from the IRS. If you’re just plain tired of it, BGES Group is here to rescue you from the audit agony.

If you’re nodding your head (and maybe laughing a bit) as you read these reasons, then you know it’s time for a change. BGES Group specializes in finding better workers’ comp insurance for contractors who are tired of the runaround, hidden fees, and endless paperwork. Let us take the hassle out of your insurance, so you can get back to doing what you do best—building New York.

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

    1.       Moratoriums by Major Carriers – With well-known carriers placing a moratorium on new business, your incumbent carrier may raise prices significantly.

    2.       Competitive Pricing – BGES Group offers competitive rates that could save you from unexpected premium hikes.

    3.       Expertise in New York Contractor Risks – Specializing in construction insurance, BGES Group understands the unique challenges New York contractors face.

    4.       Access to Multiple Markets – BGES Group has access to a wide range of insurance markets, ensuring you have multiple options.

    5.       Customized Coverage – They tailor liability policies to fit the specific needs of your projects, including labor law coverage.

    6.       Better Coverage for Less – BGES Group is known for finding policies with more comprehensive coverage at better rates.

    7.       Boutique-Level Service – Their personalized, boutique-like service ensures your needs are given the attention they deserve.

    8.       Proactive Risk Management – BGES Group helps you identify risks early, reducing the likelihood of claims and keeping premiums down.

    9.       No Commitment for a Quote – Getting a backup quote is quick and easy with BGES, and you aren’t obligated to switch.

    10.     Trusted by Other New York Contractors – Many contractors in New York have already turned to BGES Group for reliable and cost-effective coverage.

For a backup quote on your upcoming liability policy renewal, contact Gary Wallach at 914-806-5853 or bgesgroup@gmail.com to explore your options with BGES Group.

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

Being a contractor in New York comes with long hours, demanding projects, and plenty of responsibilities. While you’re out on job sites making sure everything is running smoothly, the honey-do list at home might be growing by the day. But with the right approach, you can get your wife or girlfriend to help out with some of those tasks while you’re hard at work. Here are ten practical ways to get that honey-do list checked off:

1. Communicate Clearly

Make sure to clearly explain the tasks that need to be done, and prioritize the ones that are most important. A list of five small, specific tasks can seem more manageable than one long, vague list.

2. Offer a Trade-Off

Suggest trading tasks. Maybe she handles some items from the list while you take care of things she might not want to do, like washing the car or doing a deep clean of the garage on your day off.

3. Express Appreciation

Genuine appreciation goes a long way. When she helps out, make sure to express how much it means to you. Everyone likes to feel valued for their contributions.

4. Make It Fun

Turn some tasks into a fun activity. For example, tackling the garden while playing music or involving the kids can make it feel less like a chore.

5. Set Realistic Expectations

Sometimes it’s not the amount of work, but the pressure to do it all at once that feels overwhelming. Break the list into manageable sections and set a relaxed timeline.

BGES Group: Helping Contractors with More Than Just Honey-Do Lists

While you’re focused on getting the job done on-site, don’t forget that your construction business needs protection. BGES Group are construction insurance specialists with deep expertise in the industry. They understand the unique challenges New York contractors face and can help with everything from workers’ compensation to liability coverage. If you’re up for renewal this year, it’s a great idea to get a Plan B quote to ensure you’re getting the best coverage at a competitive price.

6. Reward Her Efforts

Rewards don’t have to be extravagant. A nice dinner or a surprise gift can go a long way in showing that you appreciate the extra help around the house.

7. Help Out When You Can

Even if you’re tired from a long day, helping out with smaller tasks when possible shows that you’re a team player. This can motivate her to pick up some of the heavier tasks on your list.

8. Use Positive Reinforcement

Instead of focusing on what hasn’t been done, compliment the things that have. Positive reinforcement encourages continued effort on future tasks.

9. Acknowledge Her Own To-Do List

She might already have a long list of her own! Offering to help with some of her responsibilities can make her more willing to tackle your honey-do list.

10. Schedule a Time Together

Set aside time on the weekend to tackle the list together. Not only will it get done faster, but you can also spend quality time together, making it feel less like a chore and more like teamwork.

Contact BGES Group Today for a Quote

As a New York contractor, managing your insurance renewal is just as important as handling your home to-do list. For expert guidance and a backup quote on your upcoming renewal, contact Gary Wallach at BGES Group. You can reach him at 914-806-5853 or bgesgroup@gmail.com to explore your options and ensure your business is protected.

When it comes to obtaining general liability insurance, New York and New Jersey contractors operate under different legal and regulatory landscapes. These differences, particularly regarding labor laws, greatly impact the cost of liability insurance. Contractors in New York face significantly higher premiums, largely due to the state’s stringent labor laws, notably Labor Laws 240 and 241. In contrast, New Jersey’s labor laws are more lenient, which leads to lower insurance costs for contractors.

Understanding Labor Law Coverage: New York vs. New Jersey

New York’s Labor Laws 240 and 241

New York’s infamous “Scaffold Law” (Labor Law 240) and Labor Law 241 impose absolute liability on contractors and property owners for gravity-related injuries, such as falls from heights. These laws do not allow the injured worker to be found at fault in most cases, making contractors and their insurers liable for nearly all workplace injuries related to height. As a result, the financial risk to insurance companies is much higher, leading to significantly higher premiums for contractors in New York.

Example 1: A New York contractor working on a high-rise construction project must have coverage for the risk that any worker injured from a fall can sue under Labor Law 240. Even if the contractor followed all safety protocols, they can still be held liable, which makes the cost of liability insurance far higher compared to New Jersey.

New Jersey’s More Balanced Liability Laws

In contrast, New Jersey law does not impose the same level of absolute liability for worker injuries as New York. Workers must prove negligence to hold a contractor responsible, meaning that in many cases, if the contractor can demonstrate that all reasonable safety measures were taken, they may avoid liability. This balanced approach lowers the financial exposure of contractors and, consequently, reduces the cost of liability insurance.

Example 2: A New Jersey contractor working on a similar construction project only faces liability if it can be proven that the contractor was negligent. If an employee falls from scaffolding but it is shown that the scaffolding was properly secured and maintained, the contractor may not be held liable. This significantly lowers insurance premiums compared to a similar project in New York.

Why Liability Coverage Costs More for New York Contractors

The key reason liability insurance is more expensive for New York contractors is the absolute liability imposed by Labor Laws 240 and 241. These laws expose contractors to lawsuits and compensation claims, even if the contractor or property owner wasn’t directly at fault. Insurers must account for this heightened risk, driving up premiums.

In contrast, New Jersey’s more balanced negligence-based system mitigates some of the liability for contractors, leading to lower insurance costs. New Jersey contractors are less frequently the target of high-cost lawsuits, which allows insurance companies to offer more affordable premiums.

Protect Yourself: Get a Quote from BGES Group

If you’re a contractor operating in the Tri-State area, it’s crucial to understand the difference in labor law coverage between New York and New Jersey and how it affects your liability insurance costs. With rates for New York contractors continually rising due to increased legal exposure, it’s wise to get a backup quote this year to protect against a large rate increase.

BGES Group, one of the Tri-State area’s construction insurance experts, can help you secure the best coverage at competitive rates. Whether you’re working in New York or New Jersey, BGES Group offers tailored insurance solutions to meet your specific needs.

Contact BGES Group today for a free consultation:

        •         Phone: 914-806-5853

        •         Email: bgesgroup@gmail.com

        •         Website: www.bgesgroup.com

Don’t wait until your premiums skyrocket—reach out to BGES Group now and get ahead of any potential increases in your insurance 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 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

As a contractor in New York, finding suitable health insurance for yourself and your employees can be challenging. Navigating the landscape of health plans, costs, and compliance requirements means juggling numerous options. Whether you’re a sole proprietor or manage a larger team, understanding what’s available is crucial for ensuring your workforce has access to essential healthcare while maintaining affordability.

This article will cover some of the main health insurance options available to contractors in New York, with a special focus on a comprehensive program offered by BGES Group.

1. Individual Health Insurance Plans

For smaller contractors or those who work independently, individual health insurance plans are an option. You can shop for plans through the New York State of Health marketplace, where you may be eligible for tax credits depending on your income. These plans vary in terms of coverage, with several tiers (Bronze, Silver, Gold, and Platinum) to match your healthcare needs and budget.

While this is a flexible option, it may not be ideal for those managing teams, as it doesn’t provide the benefits of group health insurance.

2. Small Business Health Options Program (SHOP)

The Small Business Health Options Program (SHOP) allows small businesses, including contractors with up to 50 employees, to offer health insurance to their workers. If you have fewer than 25 full-time employees, you may qualify for tax credits to lower the cost of providing coverage. SHOP plans provide a range of options, allowing you to choose the best coverage for your team’s needs.  For more information click here.

Though beneficial for smaller operations, SHOP might not offer the level of customization or additional benefits that larger contractors may seek in their health plans.

3. Health Maintenance Organization (HMO) Plans

HMO plans are a common choice for New York contractors looking to provide structured, affordable care. With an HMO plan, your employees must choose a primary care physician (PCP) who coordinates their healthcare. Referrals are typically required for specialists, and the plan may have a more restricted network of providers.

HMOs are often more cost-effective but can limit flexibility, which might be a downside for employees who prefer to choose their healthcare providers freely.

4. Preferred Provider Organization (PPO) Plans

For contractors seeking a more flexible healthcare option, PPO plans offer a wide range of healthcare providers without the need for referrals to see specialists. Your employees can see any doctor, but in-network services will have lower costs.

While more expensive than HMO plans, PPOs are ideal for larger contractors with employees who may need specialist care without waiting for referrals.

5. Payroll Workers’ Compensation and Group Health Insurance Program

One standout option for New York contractors with at least 10 employees is the Payroll Workers’ Compensation and Group Health Insurance Program offered by BGES Group. This program bundles your payroll services, workers’ compensation coverage, and group health insurance into one streamlined solution. Not only does this simplify your administrative work, but it can also lead to cost savings as BGES Group negotiates competitive rates for comprehensive coverage.

The program is ideal for contractors who want to ensure their employees are covered under both workers’ compensation and health insurance without the hassle of managing multiple providers. Additionally, by offering a group health plan, contractors can improve employee retention, attract new talent, and ensure compliance with state health insurance mandates.

To qualify for this program, your contracting business must have a minimum of 10 employees. Once enrolled, BGES Group will handle the complexities of payroll, workers’ compensation, and group health coverage, making it easier for you to focus on running your projects.

Why Choose BGES Group for Your Insurance Needs?

BGES Group is a specialist in New York construction insurance, providing tailored solutions to meet the unique needs of contractors. From liability insurance to workers’ compensation and health insurance options, BGES Group ensures that you and your team are well-protected.

Whether you’re looking to offer comprehensive health insurance to your employees or need assistance with workers’ compensation, BGES Group has the expertise and programs to fit your business model.

Contact BGES Group:

        •         Gary Wallach

        •         Phone: 914-806-5853

        •         Email: bgesgroup@gmail.com

        •         Website: bgesgroup.com

If you’re ready to explore your options and provide the best health insurance and workers’ compensation coverage for your employees, reach out to BGES Group today!

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