For many New York contractors, dealing with their insurance agency has become almost as frustrating as dealing with government paperwork, permit delays, and rising construction costs.
What happened?
Over the last decade, the insurance industry has undergone a massive wave of acquisitions. Independent agencies that were once family-owned businesses have been purchased by large regional and national organizations. While growth and consolidation are not necessarily bad things, many contractors feel that the personal service they once received has disappeared.
The result is an industry that often feels more like a factory than a service business.
Many contractors tell similar stories. They call their agency and can’t get anyone on the phone. Emails go unanswered for days. Certificates of insurance take too long to process. Renewal quotes arrive at the last minute, leaving little time to review options. Questions are passed from one employee to another, and nobody seems to know the account well enough to provide meaningful answers.
In many cases, account executives are responsible for hundreds of clients. They are overworked, overwhelmed, and often forced to manage workloads that would challenge even the most experienced insurance professionals.
High employee turnover has only made the problem worse.
A contractor may spend months building a relationship with an account manager, only to discover that person has left the company. Then they are assigned to someone new who must learn the account from scratch. The process repeats itself again and again.
Unfortunately, mistakes can happen when people are stretched too thin.
Construction insurance is complicated. Whether it’s workers’ compensation, general liability, umbrella coverage, builders risk, labor law exposures, additional insured requirements, OCIPs, CCIPs, subcontractor agreements, audits, or New York State compliance issues, contractors need knowledgeable professionals who understand the risks associated with their businesses.
Many contractors feel they are paying more than ever while receiving less service than ever.
Policy fees, service fees, processing fees, installment fees, and other charges seem to appear everywhere. Meanwhile, contractors are often left wondering whether anyone is truly looking out for their best interests.
That is exactly why BGES Group was built differently.
At BGES Group, we believe insurance should still be personal.
We are proud to operate much like businesses did decades ago, when relationships mattered, phone calls were returned, and clients were treated with respect.
We don’t believe bigger automatically means better.
We don’t believe clients should be treated like account numbers.
We don’t believe contractors should have to chase their insurance agency for answers.
Most importantly, we are the complete polar opposite of agencies that are greedy and how do you know? Check the policy fee they add to each of your policies. As the number goes into the thousands that is a good sign whose interest they really care about!
Our philosophy is simple: provide honest advice, work hard, answer the phone, and help people solve problems.
