NY Workers’ Comp Class Code 8013: Store – Jewelry
NY Worker’s Comp class code 8013: Store – Jewelry applies to insureds primarily engaged in selling precious or costume jewelry, including such items as earrings, bracelets, rings, watches, charms, lockets, pendants, and brooches. All jewelry items are included in this classification, whether they be made of metal or other materials. NY Workers’ Comp class code 8013 applies to all jewelry stores, including retail, wholesale, or a combination of both. The minor and incidental handling of miscellaneous non-jewelry merchandise, such as silverware, tableware, clocks, chinaware, glassware, trophies, small electrical appliances, giftware, and leather goods is also included under class code 8013.
NY Workers’ Comp class code 8013 also applies to risks that cut or polish precious stones, including diamonds, emeralds, rubies, and sapphires. The repair or engraving of jewelry and precious stone setting is also included under class code 8013 when it is performed by a retail jewelry store for individual customers. NY Workers’ Comp class code 8013 also applies to optical stores and hearing aid retailers.
NY Workers’ Comp Class Code 8013 Rate Remains Same for 2012-2013:
The rate for NY Workers’ Comp class code 8013 increased 7.7% in 2011. Due to a recent decision by the New York Compensation Insurance Rating Board, the 2012-2013 rate for class code 8013 will remain the same. Enforce Coverage can help find the right carrier for your Workers’ Comp needs. Contact us to obtain a price quote and ask about our Pay As You Go Program.