Has Your Workers Comp Coverage Been Cancelled? BGES Group Has the Solution
If you’re a New York contractor, you already know how essential workers compensation insurance is to keep your business compliant, protect your employees, and maintain project contracts. But what happens when your policy is suddenly cancelled, non-renewed, or you’re told you’re too “high-risk” to insure?
It’s happening to more contractors across New York every day—and for many different reasons.
In this article, we’ll break down 10 common reasons contractors are losing their workers comp coverage and explain how BGES Group, a leading workers compensation insurance specialist, can help you get back on track—fast.
10 Reasons Why New York Contractors Are Losing Workers Comp Coverage
- Frequent Claims
Multiple claims in a short time frame can cause your insurance carrier to reevaluate your risk profile. Even if the claims are minor or unavoidable, they can mark you as a high-risk account. - Large or Severe Injury Claims
A single serious accident—like a fall from a roof or scaffold—can cause your experience modification rate (EMR) to spike. This makes your company less appealing to standard carriers and can result in cancellation. - Missed Payments or Policy Lapses
Even one missed payment can result in a policy lapse, especially if your carrier has a strict grace period. Once a policy lapses, getting reinstated can be nearly impossible without paying steep penalties or switching providers. - Misclassification of Work
If your workers are incorrectly classified into a more hazardous category, your premiums can skyrocket. Conversely, if the carrier finds that your classifications underreport risk, they may cancel your policy for misrepresentation. - Uninsured Subcontractors
Hiring subcontractors without verifying their coverage is a major red flag. If those subs file a claim, your policy might be held responsible—potentially leading to audits, increased premiums, or cancellation. - High Experience Modification Rates (EMR)
A high EMR indicates a poor safety record and leads to increased premiums. Insurance carriers may decide not to renew policies with high EMRs because of the increased likelihood of claims. - Audit Problems
If your payroll figures don’t match what was reported, or if there are large discrepancies during an audit, your policy can be cancelled or subjected to unexpected additional premium charges. - New Business Startups
If you’re a newer business with little or no claims history, some carriers may view you as too high-risk. They may issue short-term policies or cancel coverage after the first year. - Operating Outside Policy Terms
Expanding into higher-risk services—like demolition, roofing, or scaffold work—without notifying your insurer can be considered a breach of policy terms, which can result in immediate cancellation. - Carrier Withdrawal from NY Market
Some insurance companies are exiting New York’s workers comp market entirely due to increased regulation and claim costs. This leaves even safe, compliant contractors without a provider.
BGES Group: Your Workers Compensation Insurance Specialists
At BGES Group, we know how frustrating and disruptive it is to lose your coverage—especially in the middle of a project. That’s why we specialize in helping New York contractors secure and maintain the workers compensation insurance they need.
We’re not a typical agency. We’re experts in solving complex workers comp problems and placing hard-to-insure risks, especially in construction, roofing, general contracting, masonry, and other high-exposure trades.
Why Choose BGES Group?
- ✅ Specialized Focus on Contractors
We understand the unique challenges of your industry and tailor coverage to your specific risks. - ✅ Access to Top Carriers
We work with A-rated insurance companies that are still writing workers comp policies in New York—even for high-risk contractors. - ✅ Quick Turnaround Times
Need a policy fast to meet a contract deadline? We can get quotes back to you quickly and help you bind coverage without delay. - ✅ Solutions for Cancelled Policies
Been dropped by your current provider? We’ll help you get back in the game with a new policy—even if your EMR is high or you’ve had claims. - ✅ Flexible Payment Options
Need a payment plan to manage cash flow? We’ll work with you to find a plan that fits your budget. - ✅ Experience You Can Trust
With decades of experience, we’ve helped hundreds of contractors recover from cancellations and get insured again.
Don’t Risk Working Without Coverage
Being without workers comp insurance in New York puts you at serious risk:
- You can’t legally operate.
- You may lose project contracts.
- You expose yourself to lawsuits and heavy fines.
- Your business reputation suffers.
Instead of trying to navigate these issues alone, partner with a specialist who knows how to get you the coverage you need—and fast.
Contact BGES Group Today
Let’s get your business back on solid ground. Whether you’ve been cancelled, denied, or are paying too much, we can help.
📞 Call: (914) 806-5853 – Gary Wallach
📧 Email: bgesgroup@gmail.com
🌐 Website: www.bgesgroup.com
Contractors Are Searching for Help – Be Found with These Key Phrases:
To help contractors like you find real solutions, we focus on what matters. Here are five key phrases contractors are googling right now:
- workers comp insurance for NY contractors
- affordable workers compensation New York
- contractor workers comp policy cancelled
- how to get workers comp after non-renewal
- workers comp specialists for construction companies
If any of these phrases reflect your situation, you’re not alone—and BGES Group is ready to help.
Final Thoughts
Losing your workers comp coverage doesn’t have to mean the end of your business. With the right partner, you can recover and even find better, more affordable coverage than you had before.
At BGES Group, we specialize in helping New York contractors who’ve been dropped, denied, or are facing challenges with their insurance. Let us help you protect your employees, your projects, and your livelihood.
Don’t wait until it’s too late. Reach out to BGES Group today and let’s get your coverage back on track.