Has your workers’ compensation premium skyrocketed due to a high experience modification factor (EMR)? A string of bad luck, such as workplace injuries or claims, can drastically impact your EMR, resulting in higher premiums that strain your business budget. But don’t worry—there are strategies to regain control over your costs, and we’re here to help.
At BGES Group, we specialize in workers’ compensation insurance solutions. Whether you’re a contractor, manufacturer, trucker, or operate in any other industry, our expertise allows us to guide you to the most effective cost-saving options. One potential way to lower your premiums is by utilizing a professional employer organization program (PEO). While we won’t delve into specifics here, we’ll highlight the benefits of these programs and how they can be game-changers for your business.
10 Benefits of Having Your Workers’ Compensation Through a Specialized Program
1. Significant Cost Savings: Specialized programs often have access to better rates due to economies of scale, which can result in lower premiums.
2. Improved Cash Flow: Instead of paying large upfront premiums, many programs offer pay-as-you-go options that align payments with your payroll.
3. Streamlined Claims Management: A dedicated team handles claims efficiently, reducing downtime and unnecessary costs.
4. Access to Risk Management Experts: Programs often provide risk assessments and safety training to help prevent future incidents.
5. Compliance Assistance: Staying compliant with state-specific workers’ compensation laws is easier with expert guidance.
6. Reduced Administrative Burden: The program takes care of tasks like payroll reporting and audit preparation, freeing up your time to focus on growing your business.
7. Improved Employee Benefits: Many programs include additional benefits for employees, making your workplace more attractive to top talent.
8. Expert Claims Resolution: Disputes and fraud detection are handled by professionals, potentially saving your business thousands of dollars.
9. Customized Coverage Options: Programs can tailor policies to fit the unique needs of your industry and workforce.
10. Nationwide Availability: These programs often have the flexibility to serve businesses across the United States, ensuring consistent coverage as you grow.
Why Work with BGES Group?
At BGES Group, we understand the challenges businesses face when navigating workers’ compensation insurance. Servicing the Tri-State area—New York, New Jersey, and Connecticut—we are proud to offer personalized service and tailored solutions that meet the unique needs of your business.
In addition to serving the Tri-State area, we are associated with a trusted organization that can assist businesses nationwide. No matter where your company operates, we can connect you with programs designed to help you save money and optimize your workers’ compensation coverage.
How We Can Help
If your EMR is driving up your costs, let us explore strategies to help you:
• Analyze your claims history to identify and mitigate recurring risks.
• Recommend cost-effective insurance programs that lower your premiums.
• Provide risk management solutions that prevent future incidents and claims.
• Guide you through the complexities of workers’ compensation compliance in your state.
Why Choose BGES Group?
We are not just insurance brokers; we are workers’ compensation specialists dedicated to ensuring your business thrives, even after facing challenges like increased premiums. With decades of experience, we offer:
• Boutique-like service tailored to your specific needs.
• Competitive pricing that helps keep your costs manageable.
• Access to top-rated programs and carriers across the country.
Contact Us
If you’re ready to explore ways to lower your workers’ compensation premiums, contact Gary Wallach at BGES Group today.
Phone: 914-806-5853
Email: bgesgroup@gmail.com
Website: www.bgesgroup.com
Don’t let a high EMR drain your budget. Let BGES Group help you take control of your workers’ compensation insurance costs and set your business on a path to success.