NY Workers Comp Code 7219 Trucking has a narrow road ahead

Ed WinslowNY Class Codes1 Comment

NY trucking insurance

NY Workers Comp Code 7219 Trucking carriers harden up!

2012 is going to be a particularly tough year for Workers Comp Code 7219. Carriers are non renewing and Self Insurers are closing up shop. This typically leaves one option The NY State Insurance Fund. In 2008 we saw the  first round of Self Insured Trusts that wrote Class Code 7219 Trucking. With that much premium on the street Carriers couldn’t help but gobble them up . Carriers that never wrote the class Code 7219 Trucking NOC jumped all over it.

Well the Honeymoon is Over

Now that the sizable Losses have developed that are associated with class code 7219, Carriers are running for the Hills. The later part of 2011 revealed the hardening market for NY Workers Comp Code 7219. The amount of carriers has shrunk to 3-4 In NY State.

What Truckers Can Do:

Now its more important than ever to keep a close eye on your workers comp losses. Safety and loss prevention are imperative for any Trucking operation to gain access to decent carriers. Only truckers with crystal clean losses are going to get a better than average rated policy.

NY Workers Comp Class Code 7219 Rates are available here

 

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