NY Workers’ Comp class code 8748 Rate Increases over 15%

Ed WinslowNY Class Codes0 Comments

NY Workers' Comp class code 8748

NY Workers’ Comp class code 8748 Rate Increases ​over 15%

NY Workers' Comp class code 8748

NY Workers’ Comp class code 8748: Who Does It Apply To?

NY Workers’ Comp class code 8748 applies to salespersons employed by sales and service agencies that are engaged in the selling or long-term leasing or new or used automobiles, vans, trucks, motorcycles, and mobile homes. This also applies to automobile tire salespersons as well as boat salespersons. Boat salespersons are included under NY Workers’ Comp class code 8748 whether they are employed at an inland location or a location near water such as a boatyard, boat dock, or marina. NY Workers’ Comp class code 8748 also applies to salespersons employed by an insured who operates under a sales and service franchise with diesel engine companies. The majority of sales invovles engines for trucks.

NY Workers’ Comp class code 8748 does not apply to short-term automobile rentals. These operations are covered under class code 8002. Outside salespersnos and collectors who exclusively engage in the collection of monthly payments or call on costumers for the purpose of soliticing sales of spare parts or accessories are included under class code 8742, not 8748. Simiarly, outside salespersons who sell as well as demonstrate power machinery are not included under NY Workers’ Comp class code 8748. These operations are covered under class code 8107. When outside salespersons only sell but do not demonstrate power machinery, they are included in class code 8742.

NY Workers’ Comp class code 8748 Rate Increases ​over 15%

The rate for NY Workers’ Comp class code 8748 increased over 15% in 2014. This means employers whose operations apply to NY Workers’ Comp class code 8748 will see higher premiums in the 2014 policy year. The current loss cost for NY Workers’ Comp class code 8748 is 1.26 according to NYCIRB.
Enforce Coverage can help you find the most cost-effective policy that fits all of your individual Workers’ Comp needs. Contact us today for a competitive quote and to hear about our hands-on policy services.
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