Skip Ribbon Commands
Skip to main content
Dec 11
NY Workers' Comp Assessment Rate To Decrease

​The New York State Workers' Compensation Board has announced that the state assessment rate​ for calendar year 2025 will be 7.1%. It applies to of the standard premium or premium equivalent.​ For example, if the standard premium is $10,000, the amount of the assessment is $710. The assessment rate for calendar year 2024 is 9.2%.

By law, the assessment is assessed on all Workers' Compensation insurance policies issued to New York employers to pay for the Board's expenses. The new rate takes effect January 1, 2025.

Comments

There are no comments for this post.

 ‭(Hidden)‬ Blog Tools