10 Crucial Questions New York, New Jersey, and Connecticut Contractors Have About Workers' Compensation Insurance

As a contractor in New York, New Jersey, or Connecticut, understanding workers' compensation insurance is crucial for protecting your business and employees. Whether you're a general contractor, a subcontractor, or run a construction company, workers' comp is not just a legal requirement but also a safeguard against potential financial losses. At BGES Group, we specialize in workers' compensation insurance and can help you secure a new policy or answer any questions. Call Gary Wallach today at (914) 806-5853 or email [email protected]. Visit our website at www.bgesgroup.com for more information.

1. Do I Need Workers' Compensation Insurance?

Yes. In New York, New Jersey, and Connecticut, most contractors are legally required to carry workers' compensation insurance. If you have employees, this coverage is mandatory. Even if you operate as a sole proprietor, some clients may require you to have a policy before working on their job site.

2. What Happens If I Don’t Have Workers' Comp Insurance?

Operating without workers' comp insurance can result in severe penalties, including hefty fines, stop-work orders, and potential lawsuits if an employee is injured. In states like New York, failing to provide coverage can lead to criminal charges. It’s crucial to have a policy in place to stay compliant and protect your business.

3. How Much Does Workers' Compensation Insurance Cost for Contractors?

The cost of workers' compensation insurance varies based on factors like payroll, job classification codes, claim history, and the state where you operate. Construction work is high-risk, so premiums can be higher. BGES Group can help you find competitive rates by shopping multiple carriers for the best deal.

4. Can I Reduce My Workers' Compensation Insurance Costs?

Yes! There are several ways to lower costs, such as implementing safety programs, maintaining a claims-free history, and correctly classifying employees. BGES Group can review your policy to ensure you’re not overpaying and help you implement cost-saving strategies.

5. Are Subcontractors Covered Under My Workers' Comp Policy?

It depends. If a subcontractor has their own workers' compensation insurance, they are typically responsible for their own coverage. However, if they do not, you could be held liable for their injuries, and they may be counted as employees under your policy. Always require proof of coverage from subcontractors before hiring them.

6. What Should I Do If an Employee Is Injured on the Job?

Report the injury immediately to your insurance provider and ensure the employee receives proper medical attention. Delaying claims can result in higher costs and potential legal issues. BGES Group can guide you through the claims process to ensure it is handled efficiently.

7. How Does Workers' Comp Coverage Work for Out-of-State Projects?

If you take on projects outside your home state, your policy must include coverage for those states. Not all workers' comp policies automatically extend to other states. BGES Group can help you modify your policy to ensure compliance with different state laws.

8. Does Workers' Compensation Cover Independent Contractors?

No, independent contractors are not typically covered under a standard workers' comp policy. However, misclassification of employees as independent contractors can lead to serious legal and financial consequences. It’s best to consult with BGES Group to determine the proper classification for your workers.

9. What If I Have a Workers' Comp Claim Dispute?

If a claim is denied or disputed, you have the right to appeal. The process varies by state and may involve hearings or legal representation. BGES Group has extensive experience assisting contractors with claim disputes and can help navigate the system to ensure a fair outcome.

10. How Do I Get a New Workers' Compensation Insurance Policy?

Getting a policy is easy with the right guidance. BGES Group specializes in helping contractors secure the best workers' comp policies at competitive rates. Contact us at (914) 806-5853 or email [email protected] to discuss your options and get a quote today.

Why Choose BGES Group?

BGES Group is one of New York, New Jersey, and Connecticut's Construction Insurance Specialists representing 50+ companies, including all the BEST general & umbrella liability programs. We offer all the coverage needed, including property, builders' risk, inland marine, general liability, umbrella liability, auto, bid & performance bonds, workers' compensation, N.Y.S. disability, and group health.? Our commitment to you goes?beyond?the policies we?provide. We are always just a call, text, or email away, ready to assist you, even?on?weekends. We understand the importance of your business and are here to help?you navigate any insurance challenges.?

BGES Group are?Workers' Compensation Insurance Specialists for Tri-State Business Owners: Unhappy with your rates, company, being canceled, losses causing difficulty getting coverage, in the middle of an audit dispute, misclassified payrolls, or?whatever your issue. We can help!? We have special programs for Auto Services, Contractors (especially in New York), Limousine Services, Logistics Companies, Manufacturers, Recyclers, and?Truckers; we can help ANY tri-state business owner. We are considered "Preferred Agents" for this one program that, if we can get you into, their pricing is excellent, offers long-term coverage stability, and can cover multi-state operations. The program takes the hassle out of doing annual audits, too.??

If you want to speak with us, call Gary Wallach at 914-806-5853, click?here to email, or visit our website.?

Company: BGES Group, 216A Larchmont Acres West, Larchmont, NY?10538

email:?[email protected]

website: https://www.bgesgroup.com

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