Over 50 Years of Workers’ Compensation Management for New York Employers
Stay ahead of the curve with GCG Risk Management’s workers’ compensation services.
GCG specializes in workers’ compensation management services for employers in New York State. Our expertise in Workers’ Compensation Insurance, Claims, Law, and Workplace Health & Safety combine to offer the client a unique resource for dealing with the variety of issues which encompass this workers’ compensation coverage. Our ability to integrate the various elements of Workers’ Compensation allows us to take a global approach to your Workers’ Compensation management issues.
GCG is primarily a risk management organization. Our workers’ compensation services position us to manage insurance programs for trade associations and to be an insurance broker for individual clients. At all times, we represent the employer, not the insurance carrier.
GCG RISK MANAGEMENT, INC. ACQUIRED BY NFP CORP.
On May 6, 2019, GCG Risk Management, Inc. was acquired by NFP Corp. This acquisition is an opportunity for GCG to not only expand its offerings in New York State Workers’ Compensation products, but also to respond to clients who have, over the years, requested assistance with Workers’ Compensation issues arising outside of New York State, as well as other insurance matters that do no involve workers’ compensation. These include property and casualty insurance, including personal lines, as well as employee benefits.
GCG Risk Management will continue its operations exactly as before, providing workers’ compensation safety group management and consulting services. Our staff remains intact, as do our offices and contact information. We anticipate that sometime next year GCG will be rebranded as NFP, at which time there will be a change in our email addresses and our website. This is a very exciting time for us here at GCG and we look forward to continuing and expanding our relationships with our clients. We believe this will be a seamless transition.
NFP issued the following press release:
NEW YORK – June 24, 2019 – NFP, a leading insurance broker and consultant that provides property and casualty, corporate benefits, retirement, and individual solutions, today announced that it has acquired GCG Risk Management, Inc. The transaction closed on May 6, 2019.
Based in New York City, with an additional office in Albany, New York, GCG specializes in New York State workers’ compensation programs for insured and self-insured employers, including safety trade groups and trade associations, underwritten by the State Insurance Fund. This acquisition strengthens NFP’s property and casualty capabilities by broadening the suite of workers’ compensation and workplace health and safety services available to NFP clients nationally. Principal Ross Gnesin will join NFP as a senior vice president and Principal Joe Gnesin will remain active as a consultant to NFP.
“We are excited to welcome a long-established firm like GCG to the NFP family to further strengthen our Property and Casualty division,” said Bill Austin, President of NFP’s Northeast region. “Ross, Joe and their team bring decades of experience in workers’ compensation insurance and complex claims handling that will elevate our ability to provide tailored solutions to clients who face a multitude of complex workplace challenges.”
“NFP provides us the opportunity to deliver a broader suite of solutions to our clients by partnering with NFP’s talented property and casualty and employee benefits professionals,” said Ross Gnesin. “We take pride in our client relationships, and we believe that the strength of NFP’s extensive network and marketplace expertise will further lend support to expanding our services and achieving optimal outcomes for our valued clients.”
About NFP
NFP is a leading insurance broker and consultant providing customized property and casualty, corporate benefits, retirement, and individual solutions through its licensed subsidiaries and affiliates. NFP enables client success through the expertise of over 5,100 global employees, investments in innovative technologies, and enduring relationships with highly rated insurers, vendors, and financial institutions. NFP is the 5th largest US-based privately-owned broker, 6th largest benefits broker by global revenue and 7th best place to work in insurance (Business Insurance); 10th largest property and casualty agency (Insurance Journal); and 12th largest global insurance broker (Best’s Review).
We are advising our State Insurance Fund Policyholder/Clients that Effective December 1, 2017, the State Insurance Fund has standardized the due dates of premium payments, and now imposes a late fee if premium is not paid when due. In addition, they have shortened the time frame before non-payment cancellation takes effect.
New charges will now be due 20 days from the issuance of the monthly bill. For example, premium payments for policies with an anniversary date on the first of the month will be due by the 21st of the month. If payment is not received by the due date, Workers’ Compensation Insurance policyholders will incur a $30 late payment fee, and Disability Benefits Insurance policyholders will incur a $10 late payment fee.
Policyholders who fail to make payment in full by the due date will receive their next installment bill, which will include the past due amount, applicable late fee(s) and any new charges. Payment in full within 13 days is required. If the amount due remains unpaid, we will issue a nonpayment cancellation notice. The policy will be cancelled 16 days later if NYSIF does not receive payment in full.
If you have any questions, please feel free to contact Juliette Payne at (646) 925-8453 or at Juliette.payne@gcgriskmanagement.com.
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