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Nov 09
Workers Comp Premium Assessment To Drop in 2024

​The New York State Workers Compensation Board announced that the state assessment rate on insurance premiums will decline to 9.2%​ next year. The new rate marks a drop from the 2023 rate of 9.8%.

State law requires the board each year to set an assessment rate by November 1. The assessment, which applies to Workers Compensation insurance standard premiums (or premium equivalents for self-insured employers) funds the board's operations. 

The new assessment takes effect on January 1, 2024.


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