Trucking and Transit companies have a unique set of NY workers’ compensation class codes for their industry. This overview provides basic information about workers’ compensation rates for class code 7219 along with other factors that go into operations and potential exposures when insuring these operations. This post was originally published on July 28, 2011, and updated on May 28, 2020. … Read More
New York Workers Comp Class Code 5022 – Masonry Rates 2020 Decreases – 8.4%
New York Workers Comp-Class Code 5022 Definition-Class Code 5022 Masonry NOC- applies to Contractors engaged in masonry work unless the job description is otherwise classified in the NCCI or Scopes manual. Who can use it?- Contractors who perform masonry work in residential, commercial or industrial structures. Code 5022 also applies to trade contractors that construct fireplaces, residential chimney construction ( 2 stories or less) installation of interior partitions of … Read More
Workers Compensation Rate 7219, Trucking Gets 11.8% Rate Increase
NY State Workers Comp Truckers classified under 7219 get a 11.8% rate increase on their 2017 policies. Workers Comp Rates – Click Here Definition-Applied to Trucking companies that haul general merchandise under contract for others. Who Can Use it-In NY State, Class Code 7219 is used by long and short haul truckers that transport products, merchandise, automobiles, freight and … 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
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
NY Workers Compensation Code 5606 for Project Manager
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
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
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
Plumbing Rates Rise for Class Code 5183 Workers Comp Insurance
Plumbers can expect a slight change to rates for class code 5183 workers comp insurance due to the recent round of rates changes put in place by the New York Compensation Insurance Rating Board (NYCIRB). Manual base rates for workers comp class code 5183 Plumbers NOC & Drivers changed from 7.42 to 7.60, representing a 2.4 percent increase from October … Read More
New York Workers Comp Roofing Class Codes 5545 & 5551
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