NY Workers’ Comp Class Code 5223 Rate Increases 10.1%

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NY Workers' Comp Class Code 5223

NY Workers’ Comp Class Code 5223 Rate Increases 10.1%

NY Workers' Comp Class Code 5223NY Workers’ Comp Class Code 5223: Who Does It Apply To?

NY Workers’ Comp class code 5223 applies to insureds engaged in the construction of all types of swimming pools. This includes municipal, commercial, or residential. All operations necessary for the construction of both in-ground and above-ground pools as well as the construction or installation of accompanying accessories are included under NY Workers’ Comp class code 5223. Basic construction varies and can include the use of poured concrete, gunite, dry pack, concrete block, brick, aluminum, fiberglass and wood. Vinyl liners may also be used with any basic design. NY Workers’ Comp class code 5223 also applies to all shop work done as a means of ensuring the completion of the pool at the selected site.

NY Workers’ Comp class code 5223 does not include iron or steel pool construction. These operations are instead included under class code 5069. Any excavation is also separately rated under class code 6217. Any maintenance work is included under class code 9030 as long as the operations are conducted with no interchange of labor with separate payroll records maintained from NY Workers’ Comp class code 5223. An insured who exclusively performs pool maintenance is separately rated under class code 9014.

NY Workers’ Comp Class Code 5223 Rate Increases 10.1%

The rate for NY Workers’ Comp class code 5223 increased 10.1% in 2013. While it was 8.1 in both 2011 and 2012, the rate for NY Workers’ Comp class code 5223 increased to 8.92 effective October 1, 2013. This increase means employers whose operations apply to NY Workers’ Comp class code 5223 will see more expensive pricing for their Workers’ Compensation policies in the 2013-2014 policy term. More information regarding the rate changes can be found here.

Call Enforce Coverage Group today at (212) 947-4298 to obtain a competitive price quote for NY Workers’ Comp class code 5223. To view hundreds of class codes and rates, click here.

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