Is your company’s workers compensation insurance in the New Jersey Assigned Risk Pool?
You are paying up to 20% more in premiums than you should!
BCG can help!
|Advantages to insuring outside the New Jersey Assigned Risk Pool||Disadvantages of insuring in the New Jersey Assigned Risk Pool|
|Reduced premiums.||The State of NJ charges at minimum a 20% penalty (of the yearly premium)|
|Reduced premiums because you can take advantage of carrier discounts||No State premium discounts available but possible penalties are|
|Reduced premiums because you may be eligible for a dividend if your claims are minimal||Insurance Carrier is auto selected for you – no choice of company to insure you|
|Improve cash flow by utilizing flexible premium payment options||40% down payment of the yearly premium is often required|
|Insure your workers when conducting business outside of New Jersey.||No coverage outside of New Jersey.|
Patrick Gein at BCG Advisors is an industry expert in finding unique solutions to help New Jersey organizations save money on their workers compensation premiums. Call 201-435-4500 or email