Across New York, New Jersey, and Connecticut, many business owners don’t want to change their workers’ compensation insurance company—they’re being forced to. Regulatory pressure, carrier tightening, and rising claim costs have made workers’ comp one of the most difficult coverages to maintain. When problems hit, BGES Group helps business owners stabilize coverage and move forward.
Here are 15 real problems pushing NY, NJ & CT business owners to find a new workers’ compensation insurance company—and how BGES Group helps solve them:
- Carrier Non-Renewal Notices – Insurers exiting classes of business or tightening underwriting force employers to find replacement coverage fast.
- Policy Cancellation for Late Payments – Cash-flow issues or billing confusion can lead to cancellations; BGES Group helps secure new coverage and avoid gaps.
- Premium Increases of 30%–100%+ – Sudden, unexplained rate hikes make policies unaffordable; BGES Group shops alternatives and restructures programs.
- Unfavorable Audit Results – Post-policy audits generate massive additional premiums, forcing employers to look elsewhere.
- Incorrect Class Codes Assigned by Carrier – Misclassification leads to inflated premiums and carrier disputes; BGES Group corrects and re-markets coverage.
- Too Many Small or Questionable Claims – Claim frequency, even minor ones, can cause carriers to decline renewal; BGES Group helps reposition risk.
- High-Risk Industry Restrictions – Construction, contracting, trucking, staffing, and hospitality businesses are being dropped by standard carriers.
- Expansion Into NY, NJ, or CT – Multi-state operations trigger compliance issues that many carriers won’t handle properly.
- Payroll Growth or Business Expansion – Rapid growth causes underwriting concerns, leading carriers to cancel or non-renew.
- Ownership or Entity Changes – New LLCs, mergers, or restructuring often invalidate existing policies.
- Prior Coverage Gaps – Even short lapses in workers’ comp coverage can cause standard carriers to decline.
- Assigned Risk / State Fund Placement – Being pushed into the state pool often triggers a search for better options.
- Poor Claims Handling by Current Carrier – Mishandled claims increase experience mods and future premiums.
- Experience Modification Factor Too High – A rising MOD makes renewal impossible with many insurers.
- Lack of Broker Advocacy – Many brokers can’t or won’t fight for troubled accounts—leaving business owners with no options.
How BGES Group Helps
BGES Group specializes in rescuing workers’ compensation accounts across NY, NJ, and CT. When carriers walk away, BGES Group steps in—analyzing risk, correcting errors, negotiating with markets, and securing coverage so your business can keep operating legally and affordably.
Contact BGES Group
If you’ve been non-renewed, cancelled, or priced out of your workers’ comp policy, help is available.
BGES Group Gary Wallach
📞 914-806-5853
When workers’ compensation problems force you to find a new insurance company, BGES Group knows how to get it done.