NY Workers’ Comp Class Code 8072 – Store: Book, Record, Compact Disc, Software, Video or Audio Cassette – Retail
Which Insureds Can Use NY Workers’ Comp Class Code 8072 – Store: Book, Record, Compact Disc, Software, Video or Audio Cassette – Retail
NY Worker’s Comp class code 8072 applies to retail stores who primarily sell or rent books, records, compact discs, software, or video or audio cassettes. Some bookstores also provide in-facilities for customers to read and discuss books. These stores may also have incidental beverage and snack service, which does not include the preparation or serving of cooked food. If cooked food is prepared and served and the gross receipts do not exceed 50% of the total sales, NY Workers’ Comp class code 8072 still applies.
Stores where more than 50% of the gross receipts are from the preparation or service of food do not apply to NY Workers’ Comp class code 8072, and are instead considered a restaurant. Similarly, if 50% of the gross receipts are from the sale of musical instruments, computers or other hardware, or household or electronic equipment, class code 8072 does not apply.
NY Workers’ Comp Class Code 8072 Rate Remains Same for 2012-2013:
The rate for NY Workers’ Comp class code 8072 increased 4% in 2011. Due to a recent decision by the New York Compensation Insurance Rating Board, the 2012-2013 rate for class code 8072 will remain the same. Enforce Coverage can help find the right carrier for your Workers’ Comp needs. Contact us to obtain a price quote and ask about our Pay As You Go Program.