Workers compensation insurance

NY & NJ Contractors – Get Back Overpayments Made To Your Past Seven (7) Year Workers Comp Companies. Could Amount to Hundreds of Thousands of Dollars!


Workers’ compensation premiums can be a significant expense for contractors in New York. However, many contractors are not aware of the various strategies and opportunities available to recover a portion of these premiums. In this article, we will explore key aspects of workers’ compensation premium recovery for New York contractors, including the experience rating system, safety programs, audits, and legal considerations. By understanding these factors and implementing effective strategies, contractors can minimize their workers’ compensation costs and enhance their bottom line.

1. Understanding the Experience Rating System

The experience rating system plays a crucial role in determining workers’ compensation premiums for contractors in New York. It considers a contractor’s claims history and compares it to the industry average. Contractors with fewer claims than expected are eligible for premium credits, while those with more claims may face higher premiums. It is vital for contractors to have a clear understanding of this system, as it provides an opportunity to take control of their premium costs. By implementing effective safety measures and managing claims efficiently, contractors can reduce their experience modifier, leading to lower premiums.

2. Implementing Effective Safety Programs

A strong safety program is instrumental in minimizing workplace injuries and, consequently, workers’ compensation costs. Contractors should prioritize safety training, hazard identification, and the implementation of safety protocols. By fostering a culture of safety within their organization, contractors can mitigate risks and demonstrate a commitment to worker well-being. Such proactive measures not only enhance worker safety but also lead to lower claims frequency and severity, positively impacting premium rates.

3. The Importance of Accurate Audits

Workers’ compensation audits are conducted to ensure that contractors’ premium calculations accurately reflect their payroll and job classifications. Accurate recordkeeping is crucial in providing the necessary documentation during audits. Misclassification of employees or underreporting payroll can lead to penalties and higher premiums. By maintaining meticulous records and working closely with auditors, contractors can ensure that their premiums are based on accurate information, avoiding potential overcharges.

4. Legal Considerations for Premium Recovery

In certain cases, contractors may need to seek legal assistance to navigate complex workers’ compensation premium recovery issues. An experienced attorney can help contractors understand their rights, negotiate with insurers, and appeal unfair decisions. It is essential to consult with legal professionals well-versed in workers’ compensation laws and regulations specific to New York to ensure compliance and protect the contractor’s interests.


Workers’ compensation premiums can be a substantial burden for contractors in New York. However, by implementing effective strategies and understanding the intricacies of the system, contractors can maximize premium recovery opportunities. Through a proactive approach to safety programs, accurate audits, and legal considerations when necessary, contractors can mitigate risks, lower their experience modifier, and reduce workers’ compensation costs. It is crucial for contractors to stay informed about changes in regulations and best practices related to workers’ compensation to adapt their strategies accordingly. By taking these measures, New York contractors can optimize their operations, enhance their financial stability, and foster a safe working environment for their employees.

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.

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.

In addition, we offer all personal insurance coverages including home, auto, boat, jewelry, fine arts, life, disability, health and long-term care.  When was the last time you got a complete check up for all your coverage needs?   We are extremely caring and would love the chance to help you with your personal insurance needs.

BGES Group is an insurance agency whose owner is very responsible, responsive, offers boutique, very personal service and is ALWAYS there when you need him most!

We know reading an article we post or getting an email is not the best way to consider working with someone.  If you are interested, go read our “Google Reviews” and see what people have to say about us!  That can give you the comfort level needed to contact us.

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



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