Top 10 Issues Contractors Have with Their Workers' Compensation Insurance

1. High Rates: Contractors often face prohibitively expensive insurance premiums.

2. Invasive Annual Audits: Annual audits can be time-consuming, intrusive, and stressful.

3. Misclassification of Payrolls: Incorrect classification of employees can lead to higher premiums and administrative headaches.

4. High Renewal Deposits: The large upfront costs for policy renewals can strain cash flow.

5. Lack of Coverage Stability: Frequent changes in coverage terms can disrupt business operations.

6. Exorbitant Policy and Service Fees: Brokers charging high fees can significantly increase overall costs.

7. High Experience Modification Factor (EMR): A high EMR can make it difficult to secure new business and increase premium rates.

8. Complex Claims Process: Navigating the claims process can be cumbersome and confusing.

9. Poor Customer Service: Limited access to knowledgeable representatives can hinder prompt issue resolution.

10. Slow Claims Resolution: Delays in processing claims can impact cash flow and project timelines.

### How BGES Group Can Help

BGES Group, construction insurance specialists, understand the unique challenges faced by contractors. Here’s how they can help:

- Competitive Rates: BGES Group offers access to insurance policies with competitive rates specifically tailored for the construction industry.

- Streamlined Audits: They provide guidance and support to make annual audits less intrusive and more efficient.

- Accurate Payroll Classification: They ensure proper classification of employees to avoid unnecessary costs and compliance issues.

- Affordable Renewal Deposits: BGES Group helps in securing policies with manageable renewal deposits.

- Stable Coverage: They offer policies with stable terms to ensure consistent coverage year over year.

- Reasonable Fees: BGES Group offers transparent and reasonable policy and service fees, eliminating exorbitant charges.

- EMR Management: They assist in managing and improving your EMR to help secure new business and reduce premiums.

- Simplified Claims Process: BGES Group provides a straightforward and efficient claims process to minimize hassle.

- Excellent Customer Service: They pride themselves on providing top-notch customer service with easy access to knowledgeable representatives.

- Fast Claims Resolution: They work to ensure swift resolution of claims to maintain contractors’ cash flow and project timelines.

Whether you have high rates, your policy is being canceled because your insurance company is canceling all contractors in your state, you’ve had a run of bad luck with losses, or you are looking for a payroll service that can include workers' compensation and even group health coverage, contact Gary Wallach at 914-806-5853 or email [email protected].

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 would like to speak with us, call Gary Wallach at 914-806-5853, click?here?to email, or click?here?to 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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