NY Workers’ Comp Class Code 8039- Store: Department – Retail

Ed WinslowNY Class Codes0 Comments

NY Workers’ Comp Class Code 8039- Store: Department – Retail

Which Insureds Can Use NY Workers’ Comp Class Code 8039- Store: Department – Retail

NY Worker’s Comp class code 8039- Store: Department – Retail applies to large retail stores that include multiple departments, each selling a specific type of merchandise. It also includes the making of custom home furnishings such as draperies, slipcovers, and window shades. The installation of home furnishes is also included under NY Workers’ Comp class code 8039 when the following conditions apply: the annual payroll is at least $650,000; the merchandise includes wearing apparel, linen, house furnishings, and cosmetics, giftware, hardware, jewelry, luggage, sporting goods, stationery/greeting cards, and toys; and the total annual sales of the merchandise listed exceeds 50% but does not exceed 80% of the total annual sales.

NY Workers’ Comp class code 8039 does not apply to superstores and warehouses, the installation and service or repair of household appliances, or the installation of automobile accessories.

NY Workers’ Comp Class Code 8039 Rate Remains Same for 2012-2013:

The rate for NY Workers’ Comp class code 8039 decreased 3.7% in 2011. Due to a recent decision by the New York Compensation Insurance Rating Board, the 2012-2013 rate for class code 8039 will remain the same. Enforce Coverage Group can help find the right carrier for your Workers’ Comp needs. Contact us today to obtain a price quote and ask about our Pay As You Go Program.

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