Safety in the workplace is compulsory for any and all businesses. Safety audits are also performed on a regular basis to check if businesses are complying with mandatory rules and regulations. Despite strong security protocols, however, accidents and mishaps continue to soar at alarming rates. In fact, many employees are currently receiving Workman’s Compensation due to job related accidents and … Read More
Reducing Workplace Accidents and Keeping Compensation Prices Lower
Reducing Workplace Accidents and Keeping Compensation Prices Lower Safety in the workplace is mandatory for any new or existing business. In fact, safety audits are performed regularly to ensure businesses are complying with compulsory rules and regulations. Even with taking all security measures, however, accidents are still bound to occur. During these instances, employees have the legal right to file … Read More
The Importance of Having the Right Workers Comp Class Codes
New York Workers Comp Class Codes: An Important Component of Your Policy Having the correct NY workers compensation class codes is truly important for business owners. In fact, any incorrect codes on workers comp insurance policies can result in higher premium costs. It can also be a lengthy process if audits are needed for worker’s comp policy review. To ensure you have … Read More
How Workers Comp Class Codes Affect New York Businesses
New York workers comp law requires that all employers obtain and continuously keep in effect workers compensation coverage for all employees. According to Section 51 of the Workers’ Compensation Law, as an employer you must post a Form Notice of Compliance – Workers’ Compensation Law (C-105). Most states use the NCCI class codes. However, the governing authority for workers comp classifications … Read More
New York Workers Compensation Insurance Protects Your Business
New York workers compensation insurance shields employers from financial liability for injuries employees sustain in the course of discharging their duties at work. Such injuries may cause disability or even death to the affected employee. Workers comp coverage provides medical benefits and monetary reparations to injured workers for lost wages. In the unfortunate event of a death, the deceased employee’s … Read More
What are Workers Comp Insurance Safety Groups?
Workers Comp insurance safety groups are a vehicle by which New York employers pool together to save on workers compensation insurance costs. Nationwide, industry associations and clubs create safety groups to make it more affordable for their members to purchase insurance. Safety groups help reduce workers comp costs for members that maintain a safe track record and low w/c claims. … Read More
Uncompensated Wage Loss Report Issued by WCA & NYCOSH
Employer Alert: In February, the wage loss report by the Workers Comp Alliance and New York Committee for Occupational Safety and Health released results of the 2007 workers comp injured workers reforms. The report discusses how the 2007 reforms affected employees, and in particular, low-wage workers. It concludes that the workers comp insurance reforms did not benefit low-income workers, and … Read More
Is Pay As You Go New York Workers Comp Insurance Right for You?
New York workers comp insurance options may seem pretty limiting to many employers and business owners. But there’s one more option that you might not have considered: pay as you go workers comp coverage. This policy option involves using a payroll service to report and handle payroll reporting and premiums. Although most insurance companies offer discounts based on safety records, association … Read More
NY Workers Comp Rates for 2016
Call Enforce Coverage Group today (212) 947-4298 for help with your NY Workers compensation rates. The NY Workers Comp Board and Insurance Department set the rates for New York workers compensation insurance. Employers report their payroll using the employee class codes for workers’ specific job duties or industry classification. Often, workers comp policies have incorrect class codes, which wind up … Read More
Big Decrease for NY Workers Comp Code 3632 Machine Shop Rates
New York machine shops have something pretty big to celebrate for the new year. The NY workers comp code 3632 decreased by 15.2 percent from $4.40 to $3.73. Rates went into effect in October and apply to all new and renewal workers comp base rates. Description of Workers Comp Code 3632 Machine Shop NOC Employers who engage in the manufacture … Read More
New York Workers Comp Code 5462 Glaziers Decreases 10.1%
Good news for New York Workers Comp Code 5462 Glaziers. New and renewal policies will have a 10.1 percent decrease on the rates. Effective October 1, 2015, the state applied a loss cost revision, which changed workers comp rates for NY employers. The rates decreased from $12.63 to $11.36. Workers Comp Code 5462 Glaziers & Glass Merchants This class code … Read More
New York Truck Insurance Coverage: What You Need to Know
Before buying New York truck insurance, it’s vital that you understand what coverage is necessary. You’ll also need to know what premium amount represents the average insurance cost for your operations. If you know what to look at when reviewing policies, and you ask the right questions, then you’ll be prepared to make the right decision for your insurance needs. … Read More