In the bustling world of New York construction, contractors face not only the challenges of the job site but also the financial burden of soaring insurance costs. From skyrocketing general liability rates to dwindling coverage options, contractors are feeling the squeeze on their bottom line. However, there are proactive steps contractors can take to mitigate these challenges and ensure they are not being gouged on their insurance coverages.
First and foremost, let’s address the elephant in the room: astronomical general liability rates and umbrella premiums. Insurance companies seem to be tightening their grip, placing more restrictions on coverage while simultaneously hiking up prices. This leaves contractors in a precarious position, forced to either accept the inflated rates or risk being underinsured. To combat this, contractors should explore alternative insurance providers who offer competitive rates without sacrificing coverage. BGES Group offers the best contractor liability for New York contractors.
Moreover, the landscape of workers’ compensation insurance is also undergoing significant changes. Pricing is on the rise, and some insurance companies have even ceased offering workers comp coverage for N.Y. contractors altogether. This is another insurance that leaves contractors scrambling to find adequate coverage at reasonable prices. In such a climate, contractors must partner with insurance agencies that specialize in construction insurance and have a deep understanding of the industry’s unique needs.
Adding insult to injury, many insurance agencies are tacking on exorbitant policy fees, further burdening contractors. Fees ranging from $1,000, $2,500 to $5,000 or more are becoming all too common, eating into contractors’ profits. Contractors need to scrutinize these fees and, if necessary, seek out an agency that is transparent in pricing with minimal or no additional charges. BGES Group of Larchmont, N.Y. is that agency! They get paid by their insurance companies therefore they do not need to charge additional fees.
Contractors should be vigilant and proactive when it comes to selecting an insurance agency. Greed should have no place in the relationship between an agency and its clients. If an agency is charging excessive fees, it may be a red flag of their priorities. Contractors deserve to work with agencies that prioritize their needs over profit margins. BGES Group is that agency.
For contractors in New York seeking a trustworthy insurance agency, the BGES Group stands out as a beacon of reliability and integrity. Specializing in construction insurance, BGES Group offers personalized services tailored to the needs of each client. With usually no policy fees, contractors can rest assured knowing that every dollar is being put towards comprehensive coverage.
With over 43 years of experience, the BGES Group understands the intricacies of the construction industry and knows how to navigate the complex landscape of insurance. Contractors can rely on BGES Group to provide consistent, reliable service with a personal touch. No more dealing with faceless representatives or being passed around from account executive to account executive. At BGES Group, clients have the peace of mind of knowing they’ll always speak with the same person who is familiar with their account.
In conclusion, New York contractors need not succumb to the burden of exorbitant insurance costs. Let BGES Group help you search for the right insurance policies, get rid of unnecessary fees, and prioritize your insurance needs. With BGES Group, contractors can ensure they are getting the coverage they need at fair prices. With the right insurance partner, contractors can focus on what they do best: building New York.
BGES Group, located in Larchmont, N.Y. are New York Construction Insurance Specialists that represent 50+ companies and all the BEST general & umbrella liability programs!
We offer every coverage you need including property, builders risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers’ compensation, N.Y.S. disability, and group health. We are extremely responsive, responsible, trustworthy, and fast, minimize your insurance headaches, we don’t charge ridiculous policy or service fees and when you call, text, or email, whatever time of day, even weekends, we are there to help YOU!
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, payrolls misclassified, or whatever your issue, we can help! We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistic Companies, Manufacturers, Recyclers, and Truckers, we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program if we can get you into their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits too.
If you would like to speak with us call Gary Wallach at 914-806-5853 or click here to email or click here to visit our website.
Company: BGES Group, 216A Larchmont Acres West, Larchmont, NY 10538
e-mail: bgesgroup@gmail.com
website: http://www.bgesgroup.com
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