NY Workers’ Comp class code 4239 rate increases 34.6%

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NY Workers' Comp class code 4239

NY Workers’ Comp class code 4239 rate increases 34.6%

The rate for NY Workers’ Comp class code 4239 increased 34.6% in 2013. This means that insureds whose operations apply to NY Workers’ Comp class code 4239 will see significantly higher Workers’ Comp premiums in the 2013-2014 policy year.

NY Workers' Comp class code 4239NY Workers’ Comp class code 4239: Who Does It Apply To?

NY Workers’ Comp class code 4239 is applies to insureds that manufacture paper. The process begins with pulp stock being fed into a papermaking machine. The pulp is formed into paper, run over hot rolls, and finished before being wound into jumbo rolls. Some rolls are shipped to customers without further processing, while others are finished by sheeting and plating to produce writing, ledger, and bond paper. This is packaged and shipped.

NY Workers’ Comp class code 4239 also applies to insureds that manufacture particleboard, chipboard, cardboard, bristol board, paper board, straw board, fiberboard, and leather board. The pulp stock is filled into pans or molds along with other materials and placed in hydraulic pressures where heat and pressure create solid boards. The boards are then cut to size, stacked, and shipped to customers. The production of newsprint is also included in NY Workers’ Comp class code 4239.

NY Workers’ Comp class code 4239 rate increases 34.6%

The rate for NY Workers’ Comp class code 4239 has increased significantly in 2013. While the rate was 3.99 in both 2011 and 2012, it changed to 5.37 effective 10/1/13. This is a 34.6% increase. Insureds whose operations apply to NY Workers’ Comp class code 4239 will see more expensive pricing for their policies in 2013-2014.

Enforce Coverage can help find the best policy for your individual Workers’ Compensation needs. As specialists we have the relationships, knowledge and expertise to help our clients obtain the most comprehensive coverage at the most advantageous pricing available. Contact us today to hear about our services and obtain a competitive quote.

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