If you’re a contractor in New York, you’ve probably noticed that workers’ compensation rates are climbing higher and higher. Many business owners feel trapped, paying exorbitant premiums year after year, unsure if there’s a way out. But here’s some good news: BGES Group offers a specialized workers’ compensation program that could save you up to 30% on your payroll service, workers’ comp premium and even group health insurance costs—and much more. This program is designed to meet the specific needs of contractors, offering a comprehensive solution that bundles payroll services, workers’ compensation insurance, and even group health insurance.

Imagine slashing your workers’ comp costs while simplifying your operations. Let’s dive into how this program can transform your business and save you thousands.

A Holistic Solution: Workers’ Compensation, Payroll, and Group Health Insurance in One Package

At BGES Group, we understand that managing workers’ compensation insurance is just one piece of the puzzle. That’s why we offer a program that doesn’t stop at offering competitive insurance rates. We bundle workers’ compensation insurance with payroll services and group health insurance to offer a comprehensive, cost-effective solution. By combining these services, you can streamline your administrative processes and reduce the headaches that often come with managing payroll, insurance audits, and employee benefits.

With this program, you could save up to 30% on all costs while also simplifying your payroll and employee benefits processes. This means more time to focus on your business and less time worrying about paperwork, audits, and compliance issues.

Payrolls Properly Classified—No More Surprises at Audit Time

One of the major reasons why many contractors end up paying more than they should for workers’ compensation insurance is misclassified payrolls. Incorrect payroll classification can lead to unexpectedly high premiums and costly audit adjustments.

With BGES Group’s program, you won’t have to worry about that anymore. Program works closely with you to ensure that all your employees are classified correctly, so you won’t be hit with unpleasant surprises down the road. Proper classification can significantly reduce your premiums and make sure you’re not overpaying for coverage.

This attention to detail helps contractors avoid the common pitfalls that come with workers’ comp audits. Our goal is to ensure your payroll is set up the right way from the start, so you can avoid unnecessary expenses and stress.

Simplified Audits—In Some Cases, No Audit Needed

Speaking of audits, how would you like to simplify or even avoid them altogether? One of the biggest headaches for contractors is the annual workers’ comp audit, where insurance carriers review your payroll records and determine if you owe additional premiums based on misclassifications or underreported payroll.

Our program aims to take the stress out of audits. In many cases, your workers’ comp premiums will be based on actual, real-time payroll data, eliminating the need for comprehensive annual audits. This system prevents you from being hit with additional fees or adjustments at the end of the year. With BGES Group’s program, you’ll always know exactly where you stand, without the looming fear of a costly audit hanging over your head.

Leave the Forms and Filings to Us: 941s and NYS-45 Forms Handled

Managing payroll isn’t just about cutting checks—it’s about staying compliant with tax filings and state regulations. If you’re a contractor in New York, you’re familiar with the headache that comes with filing federal 941 forms and New York State NYS-45 forms. These quarterly filings can be complicated and time-consuming, and many contractors end up spending thousands of dollars in accountant fees to make sure everything is done right.

With BGES Group’s program, these filings are handled for you by our payroll service. This means no more time wasted on tax forms, and no more hefty accountant bills. We ensure that your 941s and NYS-45 forms are filed accurately and on time, freeing you up to focus on running your business.

By saving on accountant fees and simplifying your tax obligations, you’ll see how this program delivers value far beyond workers’ compensation savings.

Gain Access to a Human Resource Department

In addition to saving on workers’ comp and simplifying your payroll, BGES Group’s program also provides access to a human resources department to assist with employee-related issues. Whether it’s help with hiring practices, addressing workplace disputes, or managing compliance with labor laws, our program’s HR department is here to support you.

As a contractor, you’ve got enough on your plate without worrying about HR headaches. With BGES Group’s program, you’ll have access to expert guidance and support for any employee issues that come your way. This service helps you maintain a productive, compliant, and motivated workforce, all without the added cost of hiring in-house HR personnel.

Save Money and Simplify Your Operations with BGES Group

If you’re tired of paying too much for workers’ compensation insurance, BGES Group is here to help. Our program offers contractors the chance to cut their costs by up to 30%, all while simplifying payroll, avoiding costly audits, and streamlining HR processes.

Here’s what you’ll get with BGES Group’s program:

        •         Up to 30% savings on payroll service, workers’ compensation and even group health premiums.

        •         Accurate payroll classification to avoid audit surprises.

        •         Simplified or no audit process, so you’ll always know what to expect.

        •         Tax filings (941s and NYS-45 forms) handled by our payroll service—no more expensive accountant fees.

        •         Access to a human resources department for help with employee issues.

Stop overpaying for workers’ compensation and start saving with BGES Group today.

Contact BGES Group

For more information about how BGES Group can help your contracting business save on workers’ compensation, payroll, and health insurance, reach out to us today. We’re here to offer the personalized, boutique-like service that New York contractors love, helping you streamline your business operations and save thousands.

Contact Gary Wallach at BGES Group:

Phone: 914-806-5853

Email: bgesgroup@gmail.com

http://www.bgesgroup.com

Let us show you how much you can save and how much easier managing your business can be with the right program in place!

Picture this: you’re a New York contractor, hard hat on, clipboard in hand, ready to tackle the next skyscraper. But before you can even think about the job, you’ve got to figure out insurance. Now imagine you’ve hired BGES Group—and somehow, you find yourself on stage with a few comedy legends. What would Johnny Carson, David Letterman, Bob Newhart, Lily Tomlin, and Steve Martin have to say about your decision?

1. Johnny Carson:

“So, you hired BGES Group for your insurance needs? Well, that’s fantastic—because when a wrecking ball swings through your lunch break, you’ll be glad they cover everything, including your sandwich!”

2. David Letterman:

“Top Ten Reasons Contractors Hire BGES Group. Number 1: They cover you even when your subcontractor accidentally builds the foundation on the neighbor’s lawn!”

3. Bob Newhart:

“I just… I just can’t believe… you hired an insurance group to cover both your backhoe… and your back pain. That’s, uh, that’s a lot of confidence in one company.”

4. Lily Tomlin:

“Hiring BGES is like asking Ernestine to handle your insurance claims. ’Oh, I’m sorry, honey, I can’t hear you over all the benefits BGES provides—let me connect you to the department of We’ve Got You Covered!’”

5. Steve Martin:

“You know, I once had an insurance claim so confusing, even the adjuster needed insurance. But with BGES, it’s all crystal clear—like a plumber’s estimate, only they won’t hit you with the ‘surprise leak’ later.”

BGES Group Offers the Following Coverages:

        •         Property

        •         Inland Marine

        •         General Liability

        •         Umbrella Liability

        •         Business Auto

        •         Workers’ Compensation

        •         NYS Disability

        •         Bid and Performance Bonds

        •         Group Health

6. Johnny Carson:

“Well, with all that coverage, hiring BGES is like putting your insurance on cruise control. Just, you know, without the risk of crashing into something expensive.”

7. David Letterman:

“Number 2: BGES Group won’t just cover your mistakes; they’ll make them disappear faster than a disappearing act on my show!”

8. Bob Newhart:

“I can see it now: ’Hello, BGES? Yes, it’s me again. You know how I dropped that pallet of bricks? Well, good news, I found my hammer… bad news, I also found the plumbing.’”

9. Lily Tomlin:

“Darling, BGES knows their stuff! They’ll have you so covered, you’ll feel like you’re walking around with an insurance quilt. Cozy, and probably flame-retardant!”

10. Steve Martin:

“Hiring BGES for your insurance is like hiring me for your wedding—it’s going to be fun, smooth, and nobody gets hurt. Well, almost nobody.”

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

In the bustling state of New York, contractors face unique challenges and risks. To navigate these effectively, tailored insurance coverage is essential. But why is this so important? In this blog, we’ll explore the reasons why customized insurance is crucial for New York contractors and how it can protect their business interests.

Understanding the Unique Risks for New York Contractors

Every state has its own set of regulations and industry practices, and New York is no different. Contractors here must deal with high competition, specific state laws, and densely populated work environments that pose unique risks. The sheer volume of construction activities, coupled with stringent New York Contractors Insurance requirements, makes it essential for contractors to obtain comprehensive coverage.

From skyscrapers to subways, New York’s construction projects are as varied as they are challenging. The potential for accidents is significant, whether due to harsh weather conditions or the complexity of the work itself. These elements necessitate an insurance approach that is as dynamic as the city itself, reflecting the unpredictability and high stakes of urban development.

Moreover, New York’s legal landscape, with rules such as the New York Scaffold Law, places additional burdens on contractors. This law holds contractors accountable for any elevation-related injuries, making liability insurance an imperative rather than an option.

Legal Obligations and Compliance

New York state laws require contractors to carry specific insurance types to comply with legal frameworks and bidding requirements. For example, workers’ compensation is obligatory to protect employees and ensure compliance with the law. Not having appropriate insurance can result in heavy fines or legal action, underscoring the importance of tailored coverage.

The need for insurance extends beyond just meeting legal requirements. Adequate coverage provides a safeguard against potential financial liabilities arising from accidents or third-party claims, which are critical in an industry prone to high risks. Contractors must navigate these legal landscapes meticulously to protect their interests and project outcomes.

Financial Security and Risk Management

Tailored insurance helps in managing financial risks by covering potential legal fees, accidents, and property damages. Customized policies are designed to match the precise needs of a contracting business in a fast-paced environment like New York. Insuring against the unforeseeable costs involved in construction mishaps not only secures the ongoing projects but also fortifies a contractor’s financial standing.

Managing risk is about foreseeing the unforeseeable, and tailored insurance coverage is your best defense in doing so. Contractors should engage in regular policy reviews and adapt to new risks as they arise, ensuring continuous protection against liabilities that could otherwise derail their projects.

Finding the Right Coverage

The process of obtaining tailored insurance involves assessing your business’s specific needs, consulting with insurance providers, and comparing policy options. This part guides contractors on how to determine what coverage best suits them. Engaging with experts like BGES Group can simplify this process, providing solutions tailored to your unique operational scenarios.

One must consider factors such as the scale and location of projects, potential hazards, and previous claim history. Understanding these elements helps contractors make informed decisions, ensuring that their insurance strategy is aligned with their business goals.

The Importance of Tailored Insurance for New York Contractors

Tailored insurance is a vital component for contractors operating in New York. From meeting legal requirements to providing financial security, it plays an essential role in safeguarding their businesses. By choosing the right coverage, contractors can focus on their projects with peace of mind, knowing they’re well-protected against unforeseen events.

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 may take on projects that extend beyond state lines, including neighboring New Jersey. When you accept such jobs, it’s important to be aware of the legal and financial obligations regarding workers’ compensation insurance. Many contractors mistakenly assume that their New York workers’ compensation policy will cover their employees no matter where they work. However, this is not the case. Failure to secure proper coverage in New Jersey could leave you exposed to significant financial risk.

New York State Fund: Coverage Limits and Liabilities

If you’re insured through the New York State Insurance Fund (NYSIF) or any other New York workers’ compensation provider, your policy strictly adheres to New York State law. This means that benefits for any work-related injury are only payable according to New York’s laws, and they may not extend to cover claims arising from incidents that occur out of state.

For instance, if one of your employees is injured while working on a New Jersey project and they decide to receive treatment or file a workers’ compensation claim in New Jersey, your New York coverage will likely not apply. The subcontractor would then be financially responsible for the difference between what the New York policy would cover and what New Jersey’s workers’ compensation laws require. This gap could lead to out-of-pocket expenses or potential lawsuits from the injured employee.

Why New Jersey-Specific Workers’ Compensation Coverage is Essential

If you’re a subcontractor taking on a job in New Jersey that lasts several months or more, you must purchase a separate workers’ compensation policy that covers the state of New Jersey. New Jersey’s workers’ compensation laws may differ in terms of benefit levels and types of compensable injuries, and having the wrong coverage could leave you vulnerable.

For example, if one of your employees is injured on the job in New Jersey, they might opt to receive care and file their workers’ comp claim within that state’s system. If your policy doesn’t include New Jersey coverage, your insurance won’t pay the claim, and you could be held personally responsible for medical bills, lost wages, and other damages that New Jersey law mandates.

General Contractors’ Workers’ Comp Audits and the Risks for Subcontractors

When you’re hired as a subcontractor, the general contractor (GC) often has their own workers’ compensation policy that will be subject to an annual audit. During this audit, the GC’s insurance carrier reviews all aspects of their payroll, including the payrolls of any subcontractors who worked on their projects.

If the subcontractor does not have the correct workers’ compensation coverage—such as not having coverage for the state of New Jersey—the GC’s policy may have to pick up the slack. The GC’s workers’ compensation carrier will then be forced to account for the subcontractor’s payroll in their audit and include it under the GC’s policy. This can lead to significant premium increases for the GC, who may, in turn, hold the subcontractor financially responsible for the additional costs.

Additionally, failing to have the proper workers’ comp coverage could damage your relationship with the GC, potentially costing you future work opportunities. General contractors want to work with subcontractors who have the right coverage in place to avoid audit issues and the risk of increased premiums.

Avoid Financial Pitfalls: Ensure the Right Coverage

To protect yourself from these financial pitfalls, it’s critical to assess your workers’ compensation insurance needs whenever you take on a project outside of New York. In the case of working in New Jersey, ensure that your workers’ compensation policy explicitly covers the state. This may involve purchasing an endorsement or a separate policy that includes New Jersey.

Here’s what you need to keep in mind:

      1.       Check your coverage limits: Make sure your current workers’ comp policy covers any state you are working in. Most New York policies do not automatically cover out-of-state work.

      2.       Secure state-specific policies: If your project is in New Jersey or another state, obtain a workers’ comp policy specific to that jurisdiction.

      3.       Avoid GC audit headaches: If you work as a subcontractor, having the correct coverage helps avoid costly audits and keeps you in good standing with the general contractors you work with.

      4.       Financial responsibility for injuries: Without proper coverage, you may be personally liable for an injured worker’s benefits, which could result in substantial financial losses.

Conclusion: Partner with Experts for Proper Coverage

As a contractor working across state lines, ensuring you have the correct workers’ compensation coverage is crucial to protecting your business. The financial risks of not being properly insured—such as being held liable for injuries or causing a general contractor’s premiums to skyrocket—are simply too great.

For New York contractors who frequently take on work in other states, BGES Group can help. As experts in workers’ compensation insurance, we can assist in finding the right policy to ensure you’re fully protected whether you’re working in New York, New Jersey, or anywhere else. Don’t let improper coverage put your business at risk. Contact Gary Wallach at 914-806-5853 or email bgesgroup@gmail.com today to secure the workers’ compensation coverage you need for your next out-of-state project.

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 complexities of workers compensation insurance can feel overwhelming, but it doesn’t have to be. With the right guidance and a few essential tips, you can make informed decisions and ensure that both employees and employers are well-protected. Let’s break down everything you need to know in a simple and straightforward way.

1. Understanding the Basics

Before diving into the specifics, it’s important to grasp what workers compensation insurance is and why it’s necessary. Workers compensation insurance provides financial protection for employees who are injured or become ill due to their job. It covers medical expenses, lost wages, and rehabilitation costs, and it protects employers from lawsuits related to workplace injuries. According to BGES Group Insurance, state laws govern workers’ compensation, and each state has its own set of rules and payment rates.

Employers are required to carry workers compensation insurance to cover these claims, which helps ensure that employees receive the necessary support and medical care following an injury. Additionally, employers benefit from this arrangement by being protected against most lawsuits stemming from a worker’s injury Honig Conte Porrino. Understanding these basics lays a strong foundation for navigating more complex aspects of workers compensation insurance.

2. Identifying Who Needs Coverage

Not all employers are required to carry workers compensation insurance, but many are. Generally, if you have employees, you are required by law to have this coverage. This includes full-time, part-time, temporary, and seasonal workers. Some states also require coverage for independent contractors and other business types. Knowing which businesses need workers compensation insurance and the specific regulations in your state is crucial to comply with legal requirements.

For a more in-depth understanding, refer to the detailed breakdown provided by the Department of Labor. It’s vital to consult with an insurance agent or legal expert familiar with your state’s regulations to ensure full compliance and adequate protection.

3. Filing a Claim

Knowing the step-by-step process for filing a claim can help ensure that everything goes smoothly. When an injury occurs, it’s essential to report it immediately to your employer. Prompt reporting ensures that the claim is processed in a timely manner and that the injured employee receives the necessary medical treatment without delay.

Next, the employee needs to fill out a claim form, which the employer then submits to their workers compensation insurance carrier. The claim will be investigated, and necessary medical documentation will be reviewed. Accurate and complete information is critical for the efficient handling of claims. For more tips on reducing claim processing times and avoiding disputes, check out this guide to reducing workers compensation risks.

4. Understanding Benefits and Compensation

It’s important to know what benefits and compensation you or your employees are entitled to under a workers compensation policy. Typical benefits include coverage for medical expenses, compensation for lost wages, and costs associated with rehabilitation services. In instances where an employee cannot return to their former job, vocational rehabilitation services are available to assist them in finding new employment.

Compensation varies depending on the severity of the injury and the state laws governing workers compensation. Employees may receive temporary disability payments, which cover a portion of their average wage while they recover, or permanent disability payments if they cannot return to work. Employers should be familiar with their state’s specific benefits to ensure proper support for injured workers.

5. Dealing with Disputes

Sometimes, disagreements arise regarding claims. These disputes can be about the extent of the injury, the amount of compensation, or the need for certain medical treatments. To handle disputes effectively, it’s crucial to have complete and accurate medical documentation and a clear understanding of the workers compensation laws in your state.

Employers and employees should try to resolve disputes amicably by discussing the issues. If this doesn’t work, mediation services or legal advice may be necessary. Resources like Honig Conte Porrino’s tips on managing claims can be invaluable in these situations. Utilizing these resources can help navigate disputes more effectively and minimize interruptions in benefits.

6. Seeking Medical Treatment

Getting prompt and appropriate medical treatment is crucial for the best recovery outcomes. It’s essential to seek treatment from authorized healthcare providers as outlined in your workers compensation insurance policy to ensure that the medical expenses are covered.

Medical documentation is vital for the claims process. It’s important to keep detailed records of all medical visits, treatments, and any medications prescribed. Choosing the right healthcare provider who is familiar with workers compensation cases can also help streamline the process and provide the necessary care for the injured employee.

7. Returning to Work

Transitioning back to work after an injury can be challenging. Creating a return-to-work program that accommodates the recovering employee’s medical restrictions is essential. This can include modified duties or reduced hours until they can gradually transition back to their full role.

Communication is key during this period. Employers should regularly check in with the employee to assess their progress and adjust their work responsibilities as needed. For more detailed strategies on easing the transition back to work, refer to the BGES Group’s comprehensive guide.

8. Understanding Legal Rights

It’s vital to be aware of your legal rights under workers compensation laws. Employees have the right to file a claim, receive medical treatment, and appeal denied claims. Employers, on the other hand, have the right to dispute claims if they believe there is sufficient reason.

Having a clear understanding of these rights can help prevent legal issues and ensure that both parties are treated fairly. Legal advice can be sought if necessary or refer to resources like the BGES Group guide for a detailed overview of workers compensation laws and protections.

9. Cost Management for Employers

Managing the costs associated with workers compensation insurance is crucial for employers. One effective way is to implement a comprehensive workplace safety program that minimizes the risk of accidents. Regular safety training and updating equipment standards can significantly reduce the number of claims filed.

Employers should also review their policy annually and work closely with their insurance agent to explore ways to reduce their premiums. Effective claims management and adopting a return-to-work program can also help manage costs by reducing the duration and severity of workers compensation claims.

10. Preventative Measures

Prevention is always better than cure. Implementing best practices and safety measures can significantly reduce workplace injuries and minimize the need for claims. Regular safety inspections, employee training, and encouraging a culture of safety can go a long way in preventing accidents.

Employers should also continuously evaluate and update their safety protocols to address any new risks that might arise. By taking proactive steps, businesses can not only protect their employees but also reduce the financial burden of workers compensation claims.

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

When employee files a federal Family and Medical Leave Act request to either deal with a health issue or care for a loved one, their employer is often put in a tight spot, particularly if the person serves a vital role in their organization.

There are also a number of rules that employers need to follow to avoid running afoul of the law and there are plenty who have been sued for it, a prospect that can be costly.

If you are confused about navigating the FMLA, here’s a handy list of mistakes to avoid.

Firing – It would be a bad idea to fire an employee if they’re unable to return to work following the end of FMLA leave that is due to their serious health condition. Better to find out if the employee is entitled to any additional time off under employment laws or through company policies.

The Americans with Disabilities Act (ADA) may consider granting of additional leave “reasonable accommodation,” in legal terms.

That definition comes from determining whether the employee’s condition is a disability. Under the ADA, most serious health conditions as defined by the FMLA are considered disabilities. If you’re in doubt, ask your legal counsel for advice.

Then you have to figure out whether the requested time off is legally considered “reasonable.” Under the ADA, you as an employer don’t have to grant leave as an accommodation if it poses “hardship” or “undue hardship” to your organization.

Miscalculation – You are able to calculate FMLA leave by either calendar year, any fixed 12-month period, or the 12 months measured forward from when an employee’s FMLA leave begins. It can also be calculated backward from a 12-month period from the date an employee uses the leave.

Deadlines – Meeting FMLA deadlines for processing requests for leave under its guidelines is critical. Within five business days of learning an employee has requested FMLA leave, you must provide them with the “Notice of Eligibility Rights and Responsibilities Form,” or something similar that your company has prepared.

Next, if you require the employee to file a certification form, you must allow them 15 calendar days to do so. Then, within five business days of receiving the certification form, you must provide the employee with an FMLA designation form that tells them whether the request has been approved.

But if the certification form is incomplete or insufficient, you then must allow the worker seven calendar days to make necessary corrections. You must give written notice to employees of all deadlines, and the consequences of failing to meet them.

Reassignment – If you want to reassign an employee on FMLA leave for better efficiency, you can only do so for employees who need intermittent or reduced schedule leave.

Reassignments can be done for the employee, family or covered service member if such leaves are a planned medical treatment, a period of recovery from a serious health condition, or due to the birth of a child or placement of a child into adoption or foster care. Beyond that, the reassignment is to be only as long as is required by the leave period.

You are also prohibited from transferring employees to a position to discourage them from taking FMLA leave. That means you can’t demote them from marketing supervisor to customer service rep, even if their pay and benefits remain the same at the reassigned position.

Meanwhile, you may not require a transfer to another job when the employee’s need for an intermittent or reduced schedule is unforeseeable.

The takeaway

As you can see, the FMLA is a veritable minefield for employers and, if an employee requests leave under the law, you must make sure you don’t do anything to infringe on their rights, lest you open your organization to being sued.

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

In today’s fast-evolving construction industry, New York contractors face a range of risks beyond the job site, including those associated with employment practices. Employment Practices Liability Insurance (EPLI) is designed to protect businesses from claims made by employees related to wrongful employment acts, providing a vital layer of protection for contractors.

What Does EPLI Cover?

EPLI covers claims made by employees (current, former, or prospective) involving wrongful acts in the employment process. These can include:

– Discrimination (based on age, gender, race, disability, etc.)

– Wrongful termination

– Sexual harassment

– Retaliation

– Breach of employment contract

– Defamation, libel, or slander

– Invasion of privacy

– Labor disputes

While general liability policies typically cover bodily injury or property damage, they don’t protect against employment-related claims. That’s why EPLI is crucial for contractors who employ staff and work closely with subcontractors, project managers, and laborers.

Three Examples of Potential Claims

1. Discrimination Claim 

  A construction company hires a new project manager. After a few months, the employee feels they are being passed over for promotions due to their race. They file a lawsuit claiming racial discrimination. Without EPLI, the business would have to cover legal fees and potential settlement costs out of pocket.

2. Sexual Harassment Claim 

  A foreman is accused of sexual harassment by a female employee who alleges inappropriate comments were made on a job site. Even if the claim is unfounded, the legal costs to defend against it can be staggering. EPLI helps cover these defense costs and any settlements or judgments if the case is lost.

3. Labor Rate Discrepancies 

  In the current construction environment, labor rate disputes are becoming a common issue. Employees or subcontractors may claim they were underpaid or not compensated according to the terms of the contract. These types of lawsuits can be complex, involving wage disputes or discrepancies in pay between male and female workers. Having EPLI coverage can help protect your company from the significant costs involved in defending against these claims and any resulting judgments.

Why Turn to BGES Group?

In today’s market, many large insurance agencies are starting to charge exorbitant policy fees, adding unnecessary costs to businesses that are already feeling the pressure. BGES Group is different. We’re one of New York’s premier construction insurance specialists, offering mom-and-pop boutique-like service designed to cater to your specific needs. We understand the risks New York contractors face and work closely with you to tailor a policy that provides the best coverage at competitive rates.

Don’t get lost in the shuffle of large, factory-like agencies. At BGES Group, we focus on delivering personalized service and solutions without the excessive policy fees. We’re here to help you navigate the complexities of Employment Practices Liability Insurance and protect your business from the growing risks that come with being an employer.

Contact Information

For a consultation or to learn more about how EPLI can protect your business, contact Gary Wallach at BGES Group today.

– Phone: 914-806-5853 

– Email: bgesgroup@gmail.com 

– Website: https://www.bgesgroup.com

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

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

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

Labor Laws 240 and 241, commonly known as the “Scaffold Laws,” have contributed significantly to rising liability insurance rates for contractors in New York. These laws impose strict liability on contractors and property owners for worker injuries, specifically fall-related accidents. Because liability is automatic, even if the contractor or property owner was not negligent, insurance companies see these claims as high-risk, which has led to a surge in insurance premiums. With frequent lawsuits and the potential for large settlements or judgments, insurers have raised their rates to cover these risks, making it more expensive for contractors to maintain proper liability coverage.

What Are Labor Laws 240 and 241?

Labor Law 240 (Scaffold Law): This law mandates that contractors and property owners provide fall protection for workers who are working at elevated heights. It holds contractors and property owners strictly liable for injuries that result from falls, regardless of whether they were at fault for the incident.

Labor Law 241: This law extends safety requirements beyond fall protection, requiring contractors and property owners to follow specific construction safety standards to prevent accidents. These standards apply to a variety of construction-related tasks, including the safe operation of machinery and equipment. If contractors or property owners fail to adhere to these regulations, they can be held liable for injuries that occur.

Three Examples of Labor Law Liability Claims:

1. Falling from Scaffolding: A worker falls from a scaffold that was not properly secured, resulting in serious injury. Under Labor Law 240, the contractor and property owner are held strictly liable for the accident, even if the worker was not following safety guidelines.

2. Falling Objects: A worker is struck by a falling tool or piece of construction material from an elevated worksite due to improper safety measures. Labor Law 240 holds the contractor and property owner responsible for the failure to provide proper protection against falling objects.

3. Ladder Accident: A worker falls from an unstable or improperly secured ladder while working at a height. Under Labor Law 240, the contractor and property owner are automatically liable for the injury due to their failure to provide a safe work environment.

Three Examples of Labor Law Claims Involving Subcontractors, General Contractors, and Property Owners:

1. Subcontractor’s Employee Injury: A subcontractor’s worker is injured when falling from an improperly installed scaffold. While the subcontractor’s workers’ compensation policy covers the medical costs, the injured worker files an action over claim against the general contractor (GC) and property owner, arguing that the accident was due to unsafe working conditions. The GC and property owner are held liable under Labor Law 240, and their liability insurance will cover the costs.

2. Property Owner’s Liability: A worker employed by a subcontractor is injured in a fall from a height because the property owner failed to provide adequate fall protection. The worker files a lawsuit against both the subcontractor and the property owner. In this case, the property owner’s liability insurance, with Labor Law coverage, will handle the defense and any resulting judgment.

3. General Contractor Liability: A subcontractor’s employee suffers a fall due to inadequate scaffolding at the worksite. The injured worker files a lawsuit against both the subcontractor and the general contractor. The general contractor’s insurance, which includes Labor Law coverage, will respond to the lawsuit and provide legal defense, as the GC is ultimately responsible for ensuring a safe worksite.

Importance of Insurance and Hold Harmless Agreements for General Contractors

For general contractors (GCs), it is vital to have a hold harmless agreement in place with subcontractors. This agreement ensures that subcontractors are responsible for certain liabilities, particularly in the event of an accident. Furthermore, GCs should require subcontractors to list them as additional insureds on their insurance policies, providing the GC with coverage under the subcontractor’s liability policy in the event of a claim. The agreement should also address contractual liability, ensuring that the GC’s policy covers any obligations the subcontractor has agreed to under the contract.

Additionally, GCs should request a waiver of subrogation from the subcontractor’s insurance. This waiver prevents the subcontractor’s insurer from pursuing the GC for recovery of damages after a claim. Finally, the GC’s insurance policy should include primary and non-contributory coverage, meaning the subcontractor’s insurance is the primary source of coverage, and the GC’s policy only comes into play if the subcontractor’s coverage is exhausted. These measures help ensure that the GC is protected from the financial fallout of any accidents or lawsuits.

Why Contractors Exclude Labor Law Coverage and the Risks They Face

Many contractors choose to exclude Labor Law 240 and 241 coverage from their liability policies due to the high premiums associated with it. However, this decision can have devastating consequences if a claim is filed under these laws. Without coverage, contractors could face lawsuits that could wipe out their business. In the event of a fall-related injury or accident on-site, the contractor may be held responsible, and without the proper insurance coverage, they could be exposed to significant legal and financial risk. Contractors who exclude this coverage may face “knockout-of-business” lawsuits, potentially leading to bankruptcy or the closure of their operations.

How BGES Group Can Help

BGES Group is one of New York’s leading construction insurance specialists, offering tailored insurance solutions for contractors facing the challenges posed by Labor Laws 240 and 241. With years of experience in the construction industry, BGES Group understands the intricacies of workers’ compensation, general liability, and labor law coverage, and they are committed to providing competitive pricing and expert advice.

If you’re struggling with rising insurance rates or need to find a new insurance company that offers comprehensive Labor Law coverage, BGES Group can help you find the right policy. Their team works closely with contractors to ensure that all coverage needs are met, including liability protection, workers’ compensation, and additional insured agreements with subcontractors.

For more information, contact Gary Wallach at BGES Group:

– Phone: 914-806-5853 

– Email: www.bgesgroup@gmail.com

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

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

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

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

email: bgesgroup@gmail.com

website: http://www.bgesgroup.com

© – Copyright – 2024 – BGES Group

Running a contracting business in New York requires not just skill and precision, but also a robust insurance plan. The right insurance policies can protect you against unexpected mishaps, legal liabilities, and financial setbacks. Let’s dive into the essential insurance policies every contractor in New York should consider.

1. General Liability Insurance

General Liability Insurance is a must-have for any contractor. It covers bodily injury, property damage, and personal injury claims that might arise during the course of your work.

Imagine you’re working on a client’s property, and something goes wrong—maybe a tool slips and causes damage, or a visitor trips over equipment and gets injured. These scenarios are exactly why general liability insurance is crucial. It’s your first line of defense, covering legal fees, medical expenses, and potential settlement costs. In a bustling, high-risk environment like New York, this type of coverage isn’t just recommended; it’s essential for your business’s sustainability.

In New York, general contractors often need to show proof of insurance before securing contracts or renting commercial spaces. According to Insureon, this policy can protect your business from expenses associated with common mishaps, such as customer property damage and injuries. Without it, even a minor incident could lead to significant financial strain.

2. Workers’ Compensation Insurance

Workers’ Compensation Insurance provides benefits to your employees if they get injured or fall ill while on the job. It’s a legal requirement in New York and essential for protecting both your staff and your business.

Covering medical expenses, rehabilitation costs, and even lost wages, this insurance ensures your employees get the support they need without causing a financial burden on your business. New York’s regulations are very strict about this; failing to have workers’ compensation can result in hefty fines, legal fees, or worse, shutting down of operations.

For example, the median annual cost of workers’ compensation insurance for general contractors in New York is $4,799, which is significantly higher than the national median, according to Insureon. Despite the cost, this policy is non-negotiable for maintaining compliance and protecting your workers.

3. Commercial Auto Insurance

For contractors who use vehicles for their business, Commercial Auto Insurance offers protection against accidents, theft, and other damages. This is particularly important if your work requires travel to multiple job sites.

Think about the vehicles that transport your team, equipment, and materials daily. Whether it’s a truck full of tools or a van carrying your crew, any damage or accident could derail your projects and deplete your finances. This policy covers medical bills, repair costs, and even legal fees in the event of an accident, keeping your operations smooth and efficient.

In a bustling city like New York, where road accidents are frequent, having commercial auto insurance is indispensable. Not only does it keep your business compliant with state laws, but it also provides a safety net for unforeseen events on the road.

4. Professional Liability Insurance

Also known as Errors and Omissions Insurance, Professional Liability Insurance covers legal defense costs and settlements if a client sues you for negligence or mistakes in your work.

Imagine a scenario where a client claims your work didn’t meet industry standards or caused them financial loss. Professional liability insurance safeguards you against lawsuits related to errors, omissions, or negligence. This coverage is particularly critical in New York’s competitive market where clients often have high expectations and won’t hesitate to take legal action.

Errors and omissions insurance will cover everything from legal fees to settlements, ensuring that a single lawsuit doesn’t cripple your business. It’s peace of mind knowing that if you make a mistake, your business won’t face financial ruin.

5. Builder’s Risk Insurance

Builder’s Risk Insurance protects buildings under construction, covering damage from events like fire, vandalism, or severe weather. This policy is vital for contractors involved in new builds or substantial renovations.

Construction sites are filled with unpredictable elements—from weather conditions to potential vandalism. Builder’s risk insurance acts as a shield against these uncertainties, ensuring that in-progress projects are protected against physical loss or damage. For large-scale constructions, this is not just a precaution but an investment in the security of your work.

According to Insureon, builder’s risk insurance can cover damage due to fires, vandalism, and theft among other perils. This is particularly crucial in New York where building projects face unique urban risks, making this coverage critical to maintaining financial stability.

6. Tools and Equipment Insurance

This type of insurance safeguards your tools and equipment from theft, damage, or loss. It’s essential for keeping your operations running smoothly if something unexpected happens to your valuable gear.

Contracting work relies heavily on specialized tools and machinery. Imagine the financial impact of losing a key piece of equipment to theft or damage. Tools and equipment insurance provides a safety net, ensuring that you can replace or repair essential gear without major financial strain. It covers both stationary tools and those transported between job sites.

In a fast-paced environment like New York, where projects are constantly on the move, having this coverage ensures your operations aren’t disrupted due to unforeseen equipment mishaps. Without it, even minor issues can lead to significant delays and cost overruns.

7. Umbrella Insurance

Umbrella Insurance provides an extra layer of liability coverage, going beyond the limits of your standard policies such as General Liability or Auto Insurance. This is beneficial for contractors facing significant risks.

Imagine a scenario where your business faces a major lawsuit and the settlement exceeds the limits of your general liability insurance. Umbrella insurance steps in to cover the excess, ensuring you’re not left out-of-pocket. This expanded coverage is particularly valuable in highly litigious environments like New York, where lawsuits can quickly escalate.

Adding this extra layer of protection ensures that even the most severe claims are manageable, safeguarding your business’s future. It’s a small investment for substantial peace of mind in a high-risk industry.

8. Surety Bonds

Surety Bonds are not a typical insurance policy, but they are essential for contractors. They ensure that you complete projects as agreed upon, providing financial security to your clients.

Surety bonds act as a contractual guarantee that a project will be completed as specified. They cover various obligations, from bid bonds, which secure the bid process, to performance bonds, which guarantee the completion of the actual contract. This not only reassures your clients but also positions your business as reliable and trustworthy.

9. Pollution Liability Insurance

For contractors working with hazardous materials or on environmentally sensitive projects, Pollution Liability Insurance covers claims related to pollution incidents that may arise during your work.

In the construction industry, handling materials that can cause environmental damage is often a part of the job. Pollution liability insurance provides essential coverage for incidents involving hazardous materials, protecting against legal and cleanup costs. It’s particularly vital in a state like New York, where environmental regulations are stringent.

This coverage ensures that a single pollution-related incident doesn’t undermine your financial health, opening up the door for continued and compliant operations in all your projects.

10. Business Owner’s Policy

A Business Owner’s Policy (BOP) combines General Liability and Property Insurance into one package, offering comprehensive coverage for small to medium-sized contracting businesses in New York.

A BOP is an attractive option because it bundles essential coverages into one package, often at a reduced cost. It covers a range of risks, from property damage to liability claims, making it an efficient and cost-effective solution for smaller contracting businesses. Having this policy means you’re prepared for various contingencies without breaking the bank.

In New York, where the costs of individual policies can be high, a BOP provides a balanced approach to maintaining extensive coverage while staying within budget. This makes it a practical choice for contractors looking to secure their operations comprehensively.

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
 

For New York contractors, obtaining liability insurance quotes is a crucial step in ensuring that their business is protected from potential claims and liabilities. The process can be complicated, but the key to success is organization. The more organized and prepared a contractor is, the smoother the process will be. Here’s a breakdown of the information typically required to secure the best possible coverage at the best possible rates.

Organization is Key

When it comes to obtaining liability insurance quotes, contractors who have been in business for several years will likely have a standard set of documents readily available. Staying organized and keeping detailed records helps ensure that the process is seamless, especially when dealing with multiple insurance companies. The following information is usually needed:

1. Completed Contractor Questionnaire

This is one of the first steps in the insurance process. The contractor will need to complete a detailed contractor questionnaire that includes a thorough description of the type of work they do. Insurance providers use this to assess the risks associated with the business, so the more detailed and accurate the description, the better. This ensures the contractor receives an accurate quote that matches the scope of their business operations.

2. Five Years of Liability, Auto & Workers’ Compensation Loss Runs

Insurance companies will want to review your history of claims before offering a quote. Contractors will need to provide five years’ worth of liability, auto, and workers’ compensation loss runs. These loss runs are a record of all claims made on previous policies and can significantly impact the rates a contractor receives. The cleaner the loss history, the better the chance of obtaining favorable rates.

3. Schedule of Four Largest Projects in the Past Five Years

Contractors will also need to submit a schedule of their four largest jobs completed in the past five years. This list provides the insurance company with insight into the scope of the contractor’s past projects and the level of risk involved. Including detailed information such as the location and description of work done, value of job, # on site employees, # of subcontractors, start and end dates is essential for obtaining an accurate quote.

4. Schedule of Four Largest Ongoing Projects

In addition to a history of completed jobs, insurance providers will also want to know about any ongoing projects. A schedule of current or upcoming work will help the insurance company assess any ongoing liabilities or risks that may affect the contractor’s coverage needs. This can include information about the location and description of work, value of job, # on site employees, # of subcontractors, start and end dates of projects.

5. Signed Insurance and Hold Harmless Agreements from Subcontractors

Contractors often work with subcontractors, and insurance companies will want to know that these subcontractors are properly covered. Contractors will need to provide two signed insurance and hold harmless agreements from their subcontractors. This should also include updated certificates of insurance. This shows that subcontractors have their own liability coverage and will hold the contractor harmless in the event of a claim.

6. Resumes on Owners

Finally, the insurance company may require resumes for the company owners. This helps the insurer assess the experience and qualifications of those managing the business. This is an important part of understanding the contractor’s ability to manage risks and ensure safety on job sites. Owners with extensive experience in the industry can often help lower insurance costs by showing they are proactive in mitigating risks.

Why Choose BGES Group?

BGES Group is one of New York’s construction insurance specialists. Our office offers boutique-like service, providing contractors with personalized attention and expertise. We understand the complexities of New York’s construction insurance market and are dedicated to helping contractors secure the best coverage at competitive rates.

At BGES Group, we pride ourselves on being accessible and responsive. You can easily reach us whenever you need assistance, and we will work closely with you to ensure your business is properly protected.

Contact Gary Wallach Today

If you are a New York contractor looking for liability insurance, look no further than BGES Group. Contact Gary Wallach, one of the top insurance experts in New York for construction, to get the personalized service you deserve.

Phone: 914-806-5853 

Email: bgesgroup@gmail.com 

Let BGES Group help you navigate the insurance landscape with confidence and ease!

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