Workers Compensation Premium Audits

crumpled paper on notepad

Owing Money to the New York State Insurance Fund

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We wrote this article to help folks understand what their options are when they want to return to the New York State Insurance Fund, usually because the private marketplace won’t provide coverage due to class of business or poor loss history.…

Important Updates to Your Experience Mod

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The NCCI (National Council on Compensation Insurance), is a group that calculates Experience Modification Factors for companies across the entire United States. Some states have their own rating bureaus due to their size and complexity. For…
The NY Construction Payroll Limitation is designed to help reduce your WC costs.

Workers Comp Class Codes: Proper Use

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One of the fundamental components of workers’ comp insurance pricing is the process of classifying different workplace exposures into a system of codes. Each workers comp code has an individual rate dependent on the risk of that exposure.…
construction payroll limitation

New York Construction Payroll Limitation

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Effective for workers compensation policies that begin on or after July 1st, 2014 for those companies that perform construction work in N.Y. the New York Construction Payroll Limitation cap will be $1,212.98. For those who need a re-fresher;…
construction payroll limitation

Preparing for Workers’ Compensation Audits

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Are you organized for your workers compensation audits and do you know what they’re all about? It’s no secret that the word ‘audit’ tends to scare people, but as long as you have all the paperwork relating to whatever…
construction payroll limitation

Being Prepared for Workers Compensation Audits

The idea of audits of any kind may strike fear into business owners but this needn’t be the case. As long as you maintain accurate records and have the required information to hand, you shouldn’t experience any major difficulties. In this…
construction payroll limitation

Record Keeping for Workers Compensation Audits

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As a business owner, you know that you may experience regular auditing – some audits you will initiate internally, to monitor your business progress. Others may be initiated by outside entities. The key to getting through an audit with the…
construction payroll limitation

Preparing for a Workers Comp Audit

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What exactly is an audit? The dictionary says it is a thorough examination or check – an in-depth examination of every part of a process. That applies whether you’re talking about accounting audits or workers compensation audits. You usually…
construction payroll limitation

Workers Compensation Audits

It’s a requirement of every New York business that they undertake regular workers compensations audits. These are audits of payroll records for the purpose of determining how much you should be paying for your workers’ compensation insurance.…