Iron Worker Class Codes for New York Workers Comp Insurance

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New Jersey WC class codes for iron workers

Iron workers in New York have specific classification codes assigned to tasks that employees perform while on the job. Understanding workers compensation insurance class codes goes a long way in helping you to ensure your business reports payroll accurately and pays the right premiums for your coverage. What Determines My NY Workers Comp Premiums? The Rating Bureau in New York determines base … Read More

NY Workers Compensation Code 5606 for Project Manager

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New York class code 5606

New York and New Jersey workers compensation code 5606 provides a unique class code for construction companies. Many business owners prefer this code mainly due to it being much less than classifications for operations that apply to most contractor employees. Definition of NY Workers Comp Class Code 5606 Classification code 5606 applies to executive level supervisors and project managers. Payroll … Read More

NY Workers Comp Rate Increase Restaurant Class Code 9071

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restaurant rate increase in New York for class code 9071

NY workers comp insurance rates for New York restaurants class code 9071 are going up effective October 1st by 15.3 percent. New York State raised the manual base rates for restaurants from $10.88 to $12.54. Monthly premiums will follow suit as workers comp insurers adjust their premium rates to allow for the increase. Restaurant owners need to take time to … Read More

Jewelry Store WC Class Code 8013 Experiences Rate Increase

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WC class code 8013 rate increase in New York for workers comp

Jewelry store WC class code 8013 rates are going up by 22.5 percent starting October 1 so business owners in search of the best pricing for their workers comp insurance may want to start accepting competitive quotes now. New rates released by the NYCIRB (New York Compensation Insurance Rating Board) vary based on rating classification code so not all business … Read More

NY Workers Comp Insurance Update: New Rates October 1

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new rates in New York for workers compensation insurance

The New York State Department of Financial Services approved a workers comp insurance rate change effective October 1, 2015. NY workers comp insurance carriers must notify employers 30 days before a rate increase or decrease so take a look at recent notifications from your insurance company concerning your policy to find out how this change will affect your workers comp … Read More

How Plumbing Insurance Protects Plumber Businesses

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workers comp for plumbers

Plumbers need plumbing insurance packages for protection against potential risks to company assets. Service mistakes or worker accidents can result in damages that could potentially drain your budget beyond recovery. Often, construction businesses choose to combine all their necessary business insurance coverage into one package. Not only do custom insurance programs streamline business policies, but plumbing contractors also find that … Read More

NY Workers Comp Insurance Protects Concrete Contractors

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New York workers comp for contractors

Concrete contractors face risk on a daily basis. Operating construction equipment, dealing with hazardous materials and engaging in repetitive motion while on the job can all lead to potential injury or illness. No matter how much safety training or personal safety equipment you provide to your employees, accidents will happen. If one of your workers is injured while operating equipment … Read More

New York Workers Comp Roofing Class Codes 5545 & 5551

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New York Roofing class codes

New York roofing class codes are some of the more expensive rates that NY employers pay. Because roofing involves a high risk activity, its exposure is higher than other contracting classifications and rates. New York Workers Comp Roofing Class Codes The two main class codes for roofers in New York State are: 5545 and 5551. The payroll of workers with … Read More

Workers Comp Class Codes for Restaurants and Bars

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workers comp class code 9071 & 9072

No matter what type of restaurant or bar you operate, you need workers compensation insurance to protect your business and your employees. The state system’s for coverage provide workers comp class codes for every business with each industry oftentimes having several categories in which to assign their employees. Workers in New York, New Jersey, Connecticut and Pennsylvania share many of the … Read More

Workers Comp Class Code 5221: Concrete Floors, Driveways & Sidewalks

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Class Code 5221 Concrete Floors

If you’re in the concrete flooring industry, then workers comp class code 5221 probably applies to your operations. Understanding the definition of this classification code will help you assign your workers’ payroll to the right class and avoid any over or underpayment during the course of your policy year. Workers Comp Class Code 5221 The New York Compensation Insurance Rating … Read More

Classifying Workers Comp Class Codes: Why to Get It Right

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New York class codes for workers comp

Because every workers comp classification code is assigned based on exposure risk, getting them right can make the difference to your business. That’s because class codes directly affect your workers comp insurance pricing. Use the wrong class code, and you will either pay too much or too little for your coverage. A wrong classification could wind up costing you thousands … Read More