NYS Workers Compensation Construction Class Codes/Rates Changes Effective October 1, 2019
NYS Workers’ Compensation Construction Class Codes/Loss Costs – Base Rate Update
As part of our mission to keep our clients informed, please be aware of the following information regarding the Workers, Compensation changes effective on policies renewing on or after October 1, 2019.
1. Average decrease is 10.0% (different per code)
2. The payroll cap has increased from $1,357.11 to $1401.57 on policies renewing on or after July 1, 2019
3. The NYS assessment fee has increased to 12.6%
4. The Territorial Surcharge is still 0%
5. Construction Employment Weekly Payroll Assignments are as follows:
| Maximum | Minimum | |
| Executive Officers, Sole Proprietors and Partners (Construction Employments) |
$1,401.17* | $725.00 |
| All other Construction Employees | $1,401.17* | N/A |
| Executive Officers (Non-Construction) | $2,200.00 | $725.00 |
*Applies to policies renewing on or after July 1, 2019
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