In the bustling New York construction industry, contractors face numerous challenges and risks on a daily basis. Ensuring comprehensive insurance coverage is one of the most crucial aspects of protecting their business interests. That’s where BGES Group comes in, offering a unique and invaluable service that sets them apart from the competition. In this writing, we’ll explore why contractors operating in the New York area should consider allowing BGES Group to conduct a free comprehensive review of their insurance coverage and get a second opinion to ensure they’re getting the best value for their money.
**Tailored Coverage for New York Contractors: General and Umbrella Liability Insurance**
BGES Group is well-acquainted with the nuances of the New York construction landscape. With their network of 50 contractor specific insurance companies, they offer contractors access to general and umbrella liability insurance companies specifically tailored to the needs of New York contractors. This specialized focus can result in significant savings, with some contractors enjoying savings of up to 50 percent or more on their insurance premiums.
**Tailored Premium Structures**
The rising costs of materials are a constant concern for contractors. Having liability premiums based solely on gross receipts can exacerbate this financial strain. BGES Group offers insurance policies with premiums calculated based on payroll and subcontracted costs. This tailored approach provides a fairer and more sustainable premium structure, particularly in times of economic volatility.
**Uncovering Exclusions and Restrictions**
One of the most valuable services BGES Group provides is their ability to pinpoint exclusions or restrictions that contractors’ agents might overlook. Often, insurance agents fail to mention or contractors forget critical details that could prove detrimental at the time of a claim. BGES Group’s comprehensive review process brings these potential pitfalls to light, giving contractors the opportunity to address them before they become an issue.
**Forewarned is Forearmed**
Imagine discovering a Labor Law exclusion buried within your insurance policy after a claim has been filed. This scenario is not uncommon, and BGES Group has encountered it several times. By availing their free review, contractors can rest assured that they are fully informed about the content of their policies and can avoid unpleasant surprises during claims.
**Navigating Customized Insurance Forms**
Modern insurance policies often feature customized forms and wordings. Without a clear understanding of these nuances, contractors may face challenges when submitting claims. BGES Group’s specialization in insuring New York contractors allows them to provide clarity and guidance on policy wordings, ensuring that contractors are fully informed about their coverage.
**Specialized Expertise in Contractor Programs**
Many insurance agents are generalists who may not possess the specialized knowledge required to represent the best insurance programs for contractors. BGES Group, on the other hand, has cultivated a network of 50 companies specifically designed to market insurance programs tailored to contractors. This specialization ensures contractors have access to the most advantageous insurance options available.
**Subcontractor Coverage: A Crucial Consideration**
In the complex world of contractors’ insurance, the importance of ensuring that subcontractors carry proper insurance cannot be overstated. BGES Group recognizes the significance of this aspect and can guide contractors in ensuring that subcontractors’ coverage aligns with their needs. Failure to do so could lead to a claim being declined due to the wording of liability policies.
**Adapting to Changes in Workers Compensation**
The landscape of workers’ compensation insurance for contractors is constantly evolving. As carriers withdraw from the market, contractors may find themselves facing coverage gaps. BGES Group is uniquely positioned to offer programs that most agents lack access to, ensuring contractors have coverage even when faced with cancellations due to changes in the market or other reasons.
**Unparalleled Service and Support**
Beyond their expertise and comprehensive insurance offerings, BGES Group prides itself on its exceptional service. When contractors reach out for assistance, they can count on timely and knowledgeable responses. This level of commitment ensures that contractors have the support they need, precisely when they need it.
In conclusion, BGES Group’s services go far beyond typical insurance agency offerings. Their focus on New York contractors and their specialized expertise within the industry make them an invaluable partner for any contractor looking to optimize their insurance coverage and protect their business interests. With the potential for substantial savings, comprehensive coverage, and a deep understanding of the complexities of contractor insurance, BGES Group is the partner contractors can trust to secure their future success.
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, 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 ARE THERE to help YOU!
BGES Group are Workers’ Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being cancelled, losses causing difficulty getting coverage, in the middle of an audit dispute, payrolls misclassified, whatever your issue, we can help! We have special programs for: Auto Service, Contractors (especially New York), Limousine Services, Logistic Companies, Manufacturers, Recyclers, Truckers, we can help ANY tri-state business owner. We are considered “Preferred Agents” for this one program that if we can get you in, their pricing is excellent, offers long-term coverage stability and can cover multi-state operations. Program takes the hassle out of doing annual audits too.
Company: BGES Group, 216A Larchmont Acres West, Larchmont, NY 10538
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