New York Contractors – Is the Cost for Having Your General & Umbrella Liability Policies Cover “Labor Law Claims” BACK BREAKING? We Have Programs That Can Lower Your Pricing Up To 35% and Get You Better Coverage Too!
New York long ago adopted a scaffolding law designed to protect construction workers and others from certain unsafe work conditions, including those associated with scaffolding and construction.
The New York Scaffold Laws are important in a civil lawsuit because they impose strict liability on owners and contractors that fail to adhere to the law.
These statutes remove virtually all defenses owners and contractors otherwise have. Instead, liability is based on a few questions, including:
Was the construction project covered under these statutes?
Did the owner or contractor fail to provide the scaffolding or other safety measures required by the statutes?
Did an injury occur of the type that was designed to have been prevented?
When a violation of New York Labor Law by an employer results in an injury to an employee, the employer may be held absolutely liable for the damages caused. Absolute liability, also known as strict liability, means that the plaintiff/injured employee does not have to prove negligence on the part of the defendant Owner or General Contractor.
Judgments can range in the millions, tens of millions for a “Labor Law Claim.” They can easily knock a contractor out of business.
Simply put, if an accident falls under “Labor Law 240 and 241” it’s not whether you are liable BUT HOW MUCH YOU WILL HAVE TO PAY! That is why most insurance companies DO NOT want to insure New York contractors.
New York Contractors – Pay Attention To What We Now Have To Say
When purchasing Commercial General or Excess/Umbrella Liability policies, you want to make sure each policy covers “Labor Law Claims.”
Adding “Labor Law” coverage can double, triple, quadruple your policy cost! Some New York contractors pay up to 30%+ of gross receipts JUST for these two policies!
Many New York City contractors purchase liability insurance from “Excess & Surplus Lines Carriers (SLC)” because no standard company is willing to insure them (because they would have to cover “Labor Law” claims and they DO NOT WANT TO). “SLC” policies have lots of exclusions, warranties, restrictions and conditions. You have to be very careful with their “fine print.” You may think you have coverage but you don’t!
Contractual Liability – Do you know if your policy covers the liability obligations you sign for with general contractor and building owners? If you want a “Labor Law” claim covered, you better make sure.
Blanket Additional Insured Endorsement (BAI) – Many of you sign contracts with owners and general contractors that require 10 entities to be covered. Most “BAI” endorsements ONLY cover the entity you have a written signed contract with. The others entities ARE NOT COVERED!
Do you use subcontractors? If yes, what does your liability policy say about covering them? Some have strict “Hammer Clauses” written into them. If you have not complied with every single requirement and your sub causes an accident, you will have no coverage. It doesn’t matter you weren’t advised by your broker or no one stayed on top of you to make sure you obtained what was needed. YOU WILL HAVE NO COVERAGE!
We Want To Make You an Offer You Shouldn’t Refuse! It’s FREE and There are NO Gimmicks Attached – We are Very Sincere People:
BGES Group is a very well respected New York insurance agency that specializes insuring New York contractors. We represent THE BEST programs and are “Construction Insurance Specialists.”
We have a network of insurance companies (50+) that combined with our leverage and the trust companies have for us, we can get things done that most other agencies cannot.
If you now have coverage for “Labor Law” but the cost is EXORBITANT, let us review what you have and see if we can get you the same if not better coverage for less money. Again we represent programs a lot of brokers don’t and can work miracles.
Examples of How We Helped Contractors:
NYC contractor renewal umbrella annual premium $103,000, limit $3 million. We found him a new company that offered annual premium $78,000, $5 million limit. Coverage was much better too.
NYC restoration contractor Commercial General Liability Policy $265,000, our quote $165,000. Our umbrella pricing $99,000, other brokers probably $140,000 or more.
Upstate demolition contractor paying $74,000 for their Commercial General Liability policy. Our quote $40,000. They were also paying over $50,000 for a $3 million Umbrella Liability Policy. Our pricing, $23,000 for a $5 million Umbrella. We got them better coverage too!
Here’s is What People Think About Us:
Sarah S.
Gary is a considerate and honest guy. I have nothing but respect for him and 5 stars isn’t enough.
Nick S.
Over 20 years of excellent relationship that has met all our insurance needs.
Steve S.
My previous Workers Comp insurer was always trying to reclassify employees to put them in higher risk groups to raise the premium (despite no claims in over 5 years). Broker at the time wasn’t helping. Gary was recommended by a friend and did a phenomenal job. Found new insurer for less money who then, a year later, further reduced premium after the audit! I’m now paying 40% less than I used to and only 1/4 of what my old insurer wanted to jack the rate to.
SANJA C.
Gary is a great, responsible, professional…someone you can rely on. I would highly recommend him.
George K.
Since I transferred my insurance policy to BGES Group I have saved a lot on the rates and service is a first class. Always get immediate response to all my needs. It’s a A Plus from me.
Elena E.
My broker, Gary Wallach, is the BEST! He’s professional and a pleasure to deal with. Always has the answers for me and is quick to respond to my emails and phone calls. This is one reason I remain a loyal BGES Group customer. Good Rates on all my insurance needs 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.
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, Workers Compensation Insurance, Workers Compensation Premium Recovery, 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 can help contractors set up proper risk transfer. We offer extensive information about insurance markets, coverages, risk transfer, subcontractor screening and numerous 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 money; 2) Finding a new company; 3) Replacing coverage when you are being cancelled or non renewed; 4) Workers Compensation Audit disputes; 5) Lowering high experience modifications factors; 6) Misclassification of payrolls; 7) Lowering or eliminating renewal deposits; 8) Getting coverage when you’ve been without for a few months; 9) Covering multiple states under one policy; 10) Eliminating 10% service or policy fees; 11) Timely issuance of certificates; 12) Always being able to get someone on the phone when you need to; 13. Finding you a new payroll/workers compensation plan. We represent many and know who offers excellent service.
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
