For contractors in New York, New Jersey, and Connecticut, navigating workers’ compensation can be a frustrating and expensive process. Traditional programs often lack flexibility, offer little incentive for safe work practices, and provide minimal transparency when it comes to claims management and costs. But there’s a smarter, more strategic option that many Tri-State contractors are turning to—a workers’ compensation solution built specifically to meet the needs of contractors who want control, savings, and better service.
Below, we break down the key benefits and features of this innovative program—without the jargon or fluff. Just the straight facts contractors care about most.
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1. Substantial Upfront Premium Savings
One of the most attractive features of this program is its potential to significantly reduce your upfront workers’ compensation premium. Contractors often find their initial premium to be 15% to 30% lower than traditional carriers. This can free up much-needed cash flow—especially important for businesses dealing with tight margins or seasonal fluctuations.
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2. Pay-As-You-Go Flexibility
With traditional carriers, contractors often face large lump-sum payments or rigid billing schedules that don’t reflect actual payroll or job volume. This program uses a pay-as-you-go model that allows contractors to pay based on real payroll figures. That means you only pay for what you use—no more, no less. It’s a cash-flow-friendly option that adapts as your business grows or contracts.
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3. Customized Loss Control and Safety Support
Unlike cookie-cutter policies, this program includes tailored safety consulting and loss prevention strategies specific to the construction industry. Safety experts work with you to build and improve on-site protocols, reducing injuries and claims. The better your safety record, the more you save over time.
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4. Aggressive Claims Management
One of the key ways this program stands out is in its claims handling. Rather than passively managing claims like many traditional carriers, this program proactively investigates and manages each claim to ensure legitimacy and resolution. That means fewer fraudulent claims, quicker closures, and lower long-term costs.
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5. Long-Term Cost Stability and Control
This is not a short-term fix. The program is designed to reward safe contractors over time. As you demonstrate better safety performance and claim control, you build a stronger track record—which directly impacts your future premiums. Contractors who stay in the program long-term often experience significant reductions in total workers’ comp costs.
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6. No Audits or Surprises at Year-End
One of the biggest pain points for contractors is the dreaded year-end audit, which can result in unexpected premium hikes. This program avoids that hassle. Because it’s based on real-time payroll data, you eliminate audit exposure and gain peace of mind knowing your premiums won’t suddenly spike.
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7. Coverage for Multi-State Operations
For contractors who work across New York, New Jersey, and Connecticut—or who occasionally take on projects beyond their home state—this program offers multi-state coverage under a single policy. No need to juggle multiple policies, carriers, or rates. It’s a streamlined solution built for the way you actually work.
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8. Support for Subcontractor Vetting
Subcontractor liability is a constant concern in the trades. BGES Group can help verify your subs’ insurance coverage and compliance. You can protect your company from costly claims that should have fallen on a subcontractor’s policy—not yours.
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9. Built-In Employment Practices Liability Coverage
In addition to statutory workers’ comp coverage, this program includes Employment Practices Liability Insurance (EPLI), also known as EPL insurance, which protects businesses from financial losses stemming from employment-related claims, including discrimination, wrongful termination, and harassment, by covering legal costs.
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10. Dedicated Account Manager and Personalized Service
With traditional carriers, it’s easy to feel like just a number. This program assigns you a dedicated account manager who knows your business and industry. Whether you have a question about payroll, a concern about a claim, or need help with compliance, you have a direct contact who can handle it—fast.
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11. Program Stability and Financial Strength
Backed by an A-rated carrier, this program provides the financial security you need while still delivering the flexibility you want. You can rest assured that claims will be paid promptly and your coverage will remain in force, even in volatile market conditions.
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12. Ideal for Growing Contractors
If you’re a contractor on the rise—adding new crews, expanding into new regions, or bidding on larger jobs—this program grows with you. It scales smoothly, ensuring your workers’ comp coverage remains comprehensive, compliant, and competitively priced.
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13. Excellent Fit for Safety-Minded Contractors
If you take safety seriously, this program rewards you. The safer your company, the more you stand to benefit through lower total costs. This creates a strong incentive to invest in training, equipment, and practices that keep your crews safe and your premiums down.
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14. Works for General Contractors and Subcontractors Alike
Whether you’re a GC managing multiple job sites or a subcontractor specializing in framing, electrical, plumbing, HVAC, masonry, or roofing, this program adapts to your operation. It’s specifically structured to meet the needs of hands-on trades, not just desk jobs.
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BGES Group: Your Tri-State Workers’ Compensation Experts
If you’re a contractor in New York, New Jersey, or Connecticut and you’re tired of overpriced, underperforming workers’ comp policies, it’s time to work with a specialist who understands your industry.
BGES Group is one of the Tri-State area’s most trusted workers’ compensation experts for contractors. We specialize in finding custom-fit solutions that offer the protection you need and the savings you deserve. We understand how you work, and we know how to help you keep your crew covered without killing your cash flow.
Contact BGES Group Today:
• Gary Wallach – Workers’ Comp Specialist
• Phone: 914-806-5853
• Email: bgesgroup@gmail.com
• Website: www.bgesgroup.com
Let us help you take control of your workers’ comp—so you can focus on building your business.