Category Archive

NYS Workers’ Comp Coverage Enforcement: 2021 Update By law, businesses are required to secure and maintain continuous NYS Workers’ Comp coverage. This coverage is monitored by the NYS Workers’ Comp Board through an automated computer database system that utilizes a variety of sources. If the WCB finds a business is not or did not maintain Workers’ Comp coverage for any … Read More

NY Workers Comp Rates For 2021 NY Workers Comp board has increase the rate yet again for 2021 Workers Comp costs have been a consistent burden for the small business owner in NY.  Increased benefits to injured workers as well as increased medical costs have been driving the cost of workers comp insurance since 2008.  In NY State it is … Read More

Commercial Goods Transportation Law In Effect The NYS Workers’ Comp Board issued a bulletin on 4/4/14 advising employers that attempts to describe delivery drivers as “independent contractors” will be subject to the NYS Commercial Goods Transportation Industry Fair Play Act. To be considered an independent contractor, these drivers must meet all three of the following criteria: the person is free … Read More

NYS Workers’ Comp System is Improving NYS Workers’ Comp has seen a lot of hardship in the last few years. According to independent research, the NYS Workers’ Comp system is not only slow to pay injured workers, but produces poor medical outcomes. This means injured workers have bigger issues receiving the benefits they are guaranteed and employers see higher costs. … Read More

NYS Assessment Changes: Updates NYS Assessment Rate Released On October 23, 2013, the NYS Workers’ Compensation Board released a bulletin regarding the NYS Assessment Changes effective January 1, 2014. The bulletin advised that the NYS Assessment rate will be 13.8% of the standard premium or premium equivalent for self-insured employers. This rate is a result of the Business Relief Act, a part … Read More

NYS Assessment Changes with 2013-2014 Business Relief Act As part of the 2013-2014 NYS Budget, Governor Cuomo signed the Business Relief Act into law. The Business Relief Act brings changes to the NYS Workers’ Compensation system. These changes are aimed at saving employers nearly $800 million. NYS Assessment Changes: What Does it Mean? The most notable change taking place as … Read More

NYC Workers Comp Rate Changes for 2014-NYS ASSESSMENT A 9.5% NYC Workers Comp Rate increase has been approved by the New York State Department of Financial Services effective 10/1/2013. As mentioned in our previous posts this is an average. Some classes will be lowered and many will be increased. The biggest change effecting the Workers Comp Market is that they … Read More

New York Workers Comp Choices Narrowing for Contractors Contractors trying to obtain New York Workers Comp either for the first time or due to the fact that they have been cancelled for  any or one of the following reasons: non pay, underwriting reasons, adverse loss experience on their New York Workers Comp policy provided by a private carrier; are finding … Read More

NY Workers Comp Loss Cost Proposed 16.9 % increase by NYCIRB On June 25, 2013 the NYCIRB or NY Workers Comp Insurance Rating Board held a hearing to propose a 16.9% loss cost increase. After the 2007 Workers Comp reform NY Worker Comp went to a Loss Cost Filing system. Which in simple terms means that the NYCIRB determines a … Read More

Workers Comp Claims NY, NJ and CT: Taking the Bull By the Horns If you are a business owner have you ever addressed the question: What do I do when one of my employees becomes injured at work? Most likely you are so busy juggling all the components that go into making a business turn a profit that you never … Read More