About The Company
Our Philosophy
As a New York workers compensation services provider, we understand that no two businesses are alike.
Despite these differences, all New York State businesses must meet the compliance needs of workers compensation. This is where GCG differentiates itself as a total source solution for workers compensation services.
GCG custom tailors our workers compensation service offerings in such a way that compliance costs are at their absolute lowest. We seek to introduce the best combination of services that will help the New York employer meet all workers compensation challenges-at their lowest long-term costs. We develop long-term relationships with clients, understanding their processes, people and needs to keep costs at their absolute lowest. We strive to position our clients with a strategic operational advantage-allowing them to focus on the revenue-driving components of their businesses rather than costs.
GCG acts as an advocate and counsel for our clients with regard to all workers compensation issues. GCG Risk Management is the most complete, experienced and progressive risk management services organization in the state of New York.
Our Specialty
Specializing in NYS Workers Comp Insurance for Employers
GCG Risk Management NYS Workers Comp programs bring employers comprehensive insurance plans.
Since 1977, GCG Risk Management, Inc. has specialized in NYS workers comp for employers.
Our expertise in Workers’ Compensation Insurance, Claims, Law, and Workplace Health & Safety combine to offer the client a unique resource for dealing with the myriad of issues which encompass this coverage. Our ability to integrate the various elements of risk management workers compensation allows us to take a global approach to your workers compensation insurance issues.
Our firm is, first and foremost, a Risk Management organization. We manage employers’ workers compensation insurance programs for trade associations, and we act as insurance broker for individual clients. In either capacity, we represent the employer, not the insurance carrier. We interface with the carrier in all aspects of this coverage, including underwriting, auditing, and, most importantly, claims handling and reserving.
Additionally, we provide third party claims administration for large employers in connection with their loss sensitive insurance programs. We also represent employers who are qualified self-insurers.
GCG will provide a no obligation quote for NYS workers comp services under “Request a Proposal”.
IF WORKERS’ COMPENSATION IS THE QUESTION ... GCG RISK MANAGEMENT IS THE ANSWER.
Representation & Fees
GCG Risk Management, Inc. represents insured employers in New York State. GCG also acts as a Third-Party Administrator for employers insured under a large deductible plan, or for self-insured employers. Under most of these arrangements, where GCG receives no commissions, GCG charges a fee, annually. Fees vary based on a variety of factors.
Accounts which select an individual insurance plan, are usually billed at a flat fee per annum, based on a proposed service contract. Generally, all services provided by GCG Risk Management under such a contract are included in this fee. Fees are usually billed monthly.
Accounts which qualify for, and join, a State Insurance Fund Safety Group, are billed a fee as a percentage of their premium, which fee is adjusted, based on the annual payroll audit of premium. Generally, all services provided by GCG Risk Management to a member of a Safety Group are included in this fee. Fees are billed either monthly, quarterly, or annually, depending on the size of the account premium.
GCG Risk Management, Inc. accepts business referred by insurance agents and brokers. Consideration may be negotiated for such referrals.
Self-insured accounts, for whom GCG Risk Management, Inc. acts as Third-Party Administrator are billed a flat annual fee not a “per case” fee nor a fee based on a percentage of premium or losses. The total cost associated with the administration of the client’s claims, as well as safety services required, is determined in advance, as part of a proposed service contract. Fees are generally billed monthly.
GCG Risk Management, Inc. is a licensed insurance broker, and may place coverage with a stock or mutual insurer. In instances where a commission is earned, either a reduced fee, or no additional fee shall be charged for the services provided by GCG to its client.