If you are a tri-state contractor who operates within New York City’s 5 boroughs most likely you’re paying EXORBITANT PREMIUMS for your liability policies (General and Umbrella Liability).
Making matters worse, here we are in 2021, in the middle of a pandemic and insurance companies are increasing renewal rates yet again 10% or more!
This is beyond crazy! Most contractors feel they work for their insurance companies. Quite a few if their policies included “Labor Law” closed shop.
Did you know 95%+ of the insurance brokers are incompetent when it comes to insuring contractors? They know more than you but “THEY ARE HAZARDOUS TO YOUR WEALTH!” That’s because they don’t understand the contractual nuances of the policies they sell you.
Most contractors that operate within the 5 boroughs are insured through “Surplus Lines Carriers.” Most “SLC” policies have exclusions, restrictions and limitations that are designed to pigeon hole coverage.
For example, “Blanket Additional Insured.” One form covers all additional insured’s you by contract agree to cover. Another form covers additional insured’s you ONLY have a signed, written and executed agreement with. Know the difference? There’s a big one.
Example: You’re a plumber who signs a contract with a GC. In the agreement the GC requires you to cover 20 additional insured’s in addition to the GC. Under the first form everyone would be covered. Under the second only the GC is covered leaving the other 20 uncovered and YOU with a serious uncovered contractually legal obligation. You find out the issue at time of claim when your insurance company sends you a denial letter.
How would you like to lower your 2021 rates and get better coverage, less exclusions and less restrictions? How would you like to have your account marketed to “THE BEST PROGRAMS FOR TRI-STATE CONTRACTORS?” Know 95%+ of agencies don’t have access to these programs. WE DO!
Another very important issue is screening subcontractor’s policies. Would you like someone else to do it for you? We have a whole department set up for this. Why this is so important is because in your policies there’s very strict wording regarding subcontractors insurance. Failure to comply can and most likely DOES leave you without coverage.
BGES Group are “Tri-State Construction Insurance Experts.” This is our specialty and we’ve been insuring contractors for 39 years. We are “Preferred Agents” for MANY “Main Street Programs” which means we could end up cutting your costs by up to 50% while getting you better coverage. (We did so for a Queens Contractor. He was paying $393,000. We reduced his premiums to $197,000). We also represent the “Top Programs for contractors” and 50+ “Surplus Line Carriers” too.
You know what Costco and IBM have in common with BGES Group? One has incredible buying power. The other has very smart people working for them. That’s what you get working with BGES Group. Note our group does billions in premium with insurance companies yet you deal with one person who you’ll ALWAYS be able to reach day or evening Monday thru Sunday guaranteed!
BGES Group also offers property, inland marine, bid and performance bonds, auto, workers compensation, N.Y.S. disability, group health and personal lines insurance.
Want better rates, better coverage, better service, call Gary Wallach TODAY by dialing 914-806-5853 or emailing firstname.lastname@example.org.
BGES Group’s office, located in Larchmont, NY is a full service insurance agency offering, Property, Liability, Umbrella Liability, Business Auto, Bid & Performance Bonds, Inland Marine, Worker’s Compensation, New York State Disability, Group Health, Life insurance, Personal lines and Identity Theft.
Special Contractor Insurance Programs (NY, NJ, CT) – We we have 50+ insurance companies to market your general liability, umbrella liability, business auto, workers compensation, bid & performance bonds and group health coverages. We help contractors set up proper risk transfer. If you’re a contractor we offer extensive information about insurance markets, coverages, risk transfer, subcontractor screening, ways to lower your insurance costs.
BGES Group are Worker’s Compensation Specialists for the States of New York, New Jersey and Connecticut – Issues we address: 1) Lowering pricing – we have specialty programs that can save you up to 40%; 2) Finding a new company; 3) Replacing policies that are being cancelled or non renewed; 4) Audit disputes; 5) Company creating fictitious payroll at audit time; 6) Lowering high experience modifications factors; 7) Misclassification of payrolls; 8) Lowering or eliminating renewal deposits; 9) Getting coverage when you’ve been without for a few months; 10) Covering multiple states under one policy; 11) Eliminating 10% service or policy fees; 12) Timely issuance of certificates; 13) Always being able to get someone on the phone or by email when you need to.
Company: BGES Group, 216A Larchmont Acres West, Larchmont, NY 10538
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