際際滷

際際滷Share a Scribd company logo

Why Is Contractors Insurance So Expensive in New York?

Robert McCarthy
Robert McCarthy

Brief presentation about why New York contractors pay 10X what similar contractors pay in other states.

1 of 5
Download to read offline
GRBMTHE CONTRACTORS INSURANCE AGENCY Why Is New York Contractors Liability So Expensive? Written By Rob McCarthy
WORKER SAFETY GEAR GRBM Insurance is 1000% more expensive but construction costs are typically only 55% more than other states. New York contractors typically pay 10X what contractors in other states pay for general liability insurance. In 1885 New York passed laws designed to protect the workers on skyrise projects. This was long before Workers' Compensation laws were passed. Overtime the 1885 law has been interpreted to hold contractors to a near impossible standard. In short making the construction company financially responsible for injured workers even if the employee is the primary cause of the injury. The only way off the hook is to prove the employee was 100% responsible. Which is nearly impossible! 10X WHY TIPS TO SAVE ON LIABILITY INSURANCE OSHA TRAINING AVOID NYC w w w . G R B M I N C . c o m INSURANCE CARRIER COOPERATION
GRBM w w w . G R B M I N C . c o m IF THIS LAW IS DRIVING UP INSURANCE COSTS WHY IS IT STILL IN EFFECT? TRIAL LAWYERS A quick google search shows tons and tons or lawyers advertising for scaffold law cases. Some even claiming an honor of "New York Magazine Top Settlements."
GRBM w w w . G R B M I N C . c o m IS THERE ANYTHING I CAN DO? YES! Contractors need to get involved and let the state know that something needs to be done. Insurance premiums shouldn't be driving your out of business. HOW CAN I GET INVOLVED? Reach out to your state representatives, and let them know you don't support scaffold law 240. Encourage your friends in the construction industry to do the same. Support http://www.scaffoldlaw.org/ and the effort to amend the law.
GRBM w w w . G R B M I n c . c o m THANK YOU!

More Related Content

Why Is Contractors Insurance So Expensive in New York?

  • 1. GRBMTHE CONTRACTORS INSURANCE AGENCY Why Is New York Contractors Liability So Expensive? Written By Rob McCarthy
  • 2. WORKER SAFETY GEAR GRBM Insurance is 1000% more expensive but construction costs are typically only 55% more than other states. New York contractors typically pay 10X what contractors in other states pay for general liability insurance. In 1885 New York passed laws designed to protect the workers on skyrise projects. This was long before Workers' Compensation laws were passed. Overtime the 1885 law has been interpreted to hold contractors to a near impossible standard. In short making the construction company financially responsible for injured workers even if the employee is the primary cause of the injury. The only way off the hook is to prove the employee was 100% responsible. Which is nearly impossible! 10X WHY TIPS TO SAVE ON LIABILITY INSURANCE OSHA TRAINING AVOID NYC w w w . G R B M I N C . c o m INSURANCE CARRIER COOPERATION
  • 3. GRBM w w w . G R B M I N C . c o m IF THIS LAW IS DRIVING UP INSURANCE COSTS WHY IS IT STILL IN EFFECT? TRIAL LAWYERS A quick google search shows tons and tons or lawyers advertising for scaffold law cases. Some even claiming an honor of "New York Magazine Top Settlements."
  • 4. GRBM w w w . G R B M I N C . c o m IS THERE ANYTHING I CAN DO? YES! Contractors need to get involved and let the state know that something needs to be done. Insurance premiums shouldn't be driving your out of business. HOW CAN I GET INVOLVED? Reach out to your state representatives, and let them know you don't support scaffold law 240. Encourage your friends in the construction industry to do the same. Support http://www.scaffoldlaw.org/ and the effort to amend the law.
  • 5. GRBM w w w . G R B M I n c . c o m THANK YOU!