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Building Maintenance, Security Services & Real Estate Management

Date Established: January 1, 1929

Current Discount: 20%

5-Year Dividend Average: 17.5%

Eligible Codes:

  • 7723 (Detective/Patrol Agencies)
  • 9014 (Exterminating)
  • 9026 (Building Operations-Commercial)
  • 9030 (Building Service Contractors)

Exception codes will be considered by special request.

GCG Risk Management provides Workers’ Compensation and Environmental Health & Safety Services for large Real Estate Management Companies. These services cover areas of OSHA Compliance, Organizational Development, Environmental Health & Safety Services, and Workers’ Compensation.

Eligible employers include, but are not limited to, those engage in the following:

  • Building Maintenance Services
  • Building Management Services
  • Building Operations
  • Metal Maintenance
  • Pest Extermination Services
  • Real Estate Management
  • Security Guard Services
  • Window Cleaning Services

Managed by the Accident Prevention & Safety League, Inc., Safety Group #45 includes building maintenance contractors and security guard companies. It is the oldest association safety group in New York State, offering over 75 years of safety and savings.

For those building maintenance contractors or security guard firms who are not eligible for Safety Group #45, GCG provides Workers’ Compensation services on a direct basis.

Guaranteed Cost

Guaranteed Cost Plans are available for those employers who seek a fixed cost for their Workers Compensation Insurance. The policyholder receives an advance premium discount, which guarantees that, regardless of the insured’s experience in a policy year, the premium will remain at a fixed cost for the policy period. There are generally no dividends available under this plan. GCG Risk Management, Inc. acts as the policyholder representative for accounts in the General Group of the New York State Insurance Fund. GCG provides Workers Compensation insurance, claims and safety services for its clients. GCG usually charges a fixed annual fee, billed monthly to the employer.

GCG will provide a no obligation quote for these plans under “Request a Proposal”.

Value-Added Services

Audit & Classification Review

  • Experience Rating Review
  • Payroll Audit & Code Classification
  • Negotiate Reclassification of Payroll
  • Claims Audit and Reserve Review

Workers’ Comp Law & Regulation

  • Integration with FMLA/ADA Downloadable (PDF & doc)
  • Cost Change Updates for Budgetary Planning
  • “Reviewed Cost” Newsletter

Claims Services for Insurance Plans

  • FROI – First Report of Injury
  • Claims Processing
  • Claims Monitoring
  • Review Loss Reserves
  • Interface with Carrier Claims Dept. & Rating Board

Safety Group

Safety Group Plans are available for groups of employers within the same industry. Each policyholder generally receives an advance premium discount. Approximately nine months after the conclusion of the policy period, each insured receives its share of the group dividend, regardless of each insured’s individual experience.

GCG Risk Management, Inc. manages several State Insurance Fund Safety Groups. As the Safety Group Manager of these groups, GCG provides insurance, claims, and safety services for its group clients (Workers’ Compensation Services). Members are charged a fee as a percentage of their premium. This fee is all-inclusive, entitling the member to receive all group services. Certain groups require separate membership in a sponsoring association with separate association dues.

GCG will provide a no obligation quote for these plans under “Request a Proposal”.

Our consulting firm, Gnesin Cates & Grimm, provides insurance, claims and safety services to other Brokers/Group Managers, on retainer, with respect to their safety group programs.

Value-Added Services

Audit & Classification Review

  • Experience Rating Review
  • Payroll Audit & Code Classification
  • Negotiate Reclassification of Payroll
  • Claims Audit and Reserve Review

Workers’ Comp Law & Regulation

  • Integration with FMLA/ADA Downloadable (PDF & doc)
  • Cost Change Updates for Budgetary Planning
  • “Reviewed Cost” Newsletter

Claims Services for Insurance Plans

  • FROI – First Report of Injury
  • Claims Processing
  • Claims Monitoring
  • Review Loss Reserves
  • Interface with Carrier Claims Dept. & Rating Board

Loss Sensitive

These plans, generally offered by commercial carriers, may include dividend plans, retrospective rating plans, or large deductible plans. Policies may have a minimum and maximum premium, such that the insured effectively pays for its losses dollar-for-dollar. The individual losses of the insured determine the final premium. Maximum premiums may be considerably greater than those in other plans, but potential savings are also greater.

All of these plans are generally recommended for very large employers (e.g. premiums exceeding $500,000.). Some collateral may be required by the insurance carrier. GCG Risk Management, Inc. acts as the Third-Party Administrator, usually providing its services for a fixed annual fee, billed monthly. GCG Risk Management, Inc. is licensed by the New York State Insurance Department both as a broker and as a casualty adjuster.

GCG will provide a no obligation quote for these plans under “Request a Proposal”.

Value-Added Services

Audit & Classification Review

  • Experience Rating Review
  • Payroll Audit & Code Classification
  • Negotiate Reclassification of Payroll
  • Claims Audit and Reserve Review

Workers’ Comp Law & Regulation

  • Integration with FMLA/ADA Downloadable (PDF & doc)
  • Cost Change Updates for Budgetary Planning
  • “Reviewed Cost” Newsletter

Claims Services for Insurance Plans

  • FROI – First Report of Injury
  • Claims Processing
  • Claims Monitoring
  • Review Loss Reserves
  • Interface with Carrier Claims Dept. & Rating Board
  • Third Party Claims Administration

Self Insure

Requiring approval of the Workers’ Compensation Board, and usually the posting of financial security, this plan offers the employer the opportunity to hire its own claims and safety Third-Party Administrator. The plan is generally recommended for very large employers, or public entities.

GCG Risk Management, Inc. has been licensed by the Workers’ Compensation Board to represent self-insurers in New York State since 1977. Our staff of experienced claims examiners and attorneys permits us to provide a broad range of services to those employers who qualify for self-insurance.

Value-Added Services

Self-Insurance Claims Administration

  • FROI – First Report of Injury
  • Claims Processing
  • Claims Investigation
  • Payment of Indemnity & Medical Claims
  • Medical Bill Review
  • Attendance at Administrative Hearings
  • Mandatory Claims Filing Requirements
  • Establish and Review Case Reserves
  • Claims Settlement
  • Claims Apportionment
  • Workers’ Compensation Board Required Filings

Other Self-Insurance Services

  • Excess Workers’ Compensation Coverage
  • Surety & Security Requirements
  • Advice and Counsel on Administrative Changes

Statutory Disability

New York State law requires employers to provide statutory non-occupational Disability Benefits for their employees. GCG Risk Management, Inc. will secure this coverage for an employer through its preferred markets. Generally, GCG can secure this mandatory coverage at the lowest available cost to the employer in the marketplace. As part of its service, GCG reviews the employer’s Disability Benefits claims to prevent these claims from developing into workers’ compensation cases, which would substantially increase the cost to the employer.

GCG will provide a no obligation quote for this coverage under “Request a Proposal.”