Popular QuestionsPopular Questions About New York Workers’ Compensation Insurance

Why do I need workers’ compensation insurance for my New York business?

The costs related to workplace injuries can be extreme for any size business, and devastating for a small business. Workers’ compensation insurance protects both your business and your employees by offering benefits to injured workers, and by preventing employees from filing expensive lawsuits. 

New York has a no-fault workers’ compensation system, which means that benefits will be paid for work-related injuries and illnesses, regardless of who is at-fault. In exchange for these benefits, workers give up their right to sue employers for additional damages. 

What are the workers’ compensation laws in New York?

New York employers are required to obtain workers' compensation coverage for all employees, including part-time employees and family members that are employed by the company. This includes workers in all for-profit companies, including part-time employees, borrowed employees, leased employees, family members, and volunteers. 

Other covered entities include:

  • Domestic workers who work forty or more hours per week, including full-time sitters or companions, and live-in maids
  • All corporate officers if the corporation has more than two officers and/or two stockholders
  • Officers of one- or two-person corporations if there are other employees (the officers may choose to exclude themselves from coverage) 
  • Most non-profit workers
  • There are a few types of employees who are exempt from coverage: 
  • Non-profit volunteers; licensed ministers, priests and rabbis; and members of religious orders
  • Members of supervised amateur athletic activities operated on a nonprofit basis
  • The spouse and minor children (under 18 years old) of a farmer
  • People who are covered under another workers' compensation system, including certain state, federal, and maritime workers
  • Sole proprietors, partners, and other one/two person corporate officers (coverage may be obtained voluntarily)
  • Independent contractors like real estate persons, insurance agents, and certain other types of salespeople

Workers Compensation Law:

CONSTRUCTION EMPLOYERS: One or more employees

ALL EMPLOYERS: One or more employees

AGRICULTURAL EMPLOYERS: One or more employees, if the farm employer has paid $1,200 or more for farm labor in the preceding calendar year 

Where can you purchase New York workers’ compensation insurance?

New York employers can purchase workers' compensation insurance coverage from private insurance carriers authorized by the New York State Insurance Department to provide workers' compensation insurance. Coverage can also be purchased from the State Insurance Fund, a public insurance carrier in New York State.

Some employers may choose to self-insure. These employers must demonstrate the financial strength necessary to self-insure, or become a member of a group self-insurer authorized by the state.

What will workers’ compensation insurance pay for in New York?

MEDICAL BILLS

  • Example: A waiter suffers severe burns and needs to be taken to the hospital. 
  • The injured or ill worker will receive necessary medical care directly related to the original injury or illness and the recovery. 

WAGE REPLACEMENT

  • Example: An employee needs to miss three days of work to recover from a back injury that happened on the factory floor. 
  • Injured workers who are totally or partially disabled and unable to work for more than seven days receive cash benefits (wage replacement) while they are unable to return to work. 

DEATH BENEFITS

  • Example: A coal miner’s spouse and dependent children receive compensation after he is killed on the job. 
  • If a worker dies from a work-related injury, the surviving spouse and/or minor children may receive weekly cash benefits equal to two-thirds of the deceased worker's average weekly wage for the year before the accident. Funeral expenses may also be paid. 
How are workers’ compensation insurance premiums calculated in New York?

New York workmans’ comp premiums are determined by how many employees an employer has, the type of jobs performed, the employer’s annual payroll, and the employer’s history of accidents and workers’ compensation claims. In general, if you have workers who are more likely to be injured on the job, you can expect to pay more for workers’ compensation insurance in New York. 

INFORMATION NEEDED FIRST

Classification Code: The New York Compensation Insurance Rating Board (NYCIRB) assigns a risk classification code (class code) to every occupation. Each class code represents industries and occupations with similar exposures to workplace injuries. 

Base Rate: Class codes are used to classify workers’ compensation base rates, which coincide with the loss experience of the employers within each code. Each class code is assigned a base rate that is determined by how hazardous the occupation is for workers. 

The base rate is used as part of a formula that determines an employer’s annual workers’ compensation premium. 

Example Based on $100,000 annual payroll

  • Classification Code 5022: Masonry
  • Base Rate: $20.91
  • Premium Calculation: BASE RATE X (PAYROLL/100)
  • $100,000/100 = $1,000 X $20.91 = $20,910 
  • $20,910 = Estimated annual workers' compensation premium for New York masonry
How do experience modifiers affect New York workers’ compensation rates?

After you establish a workers’ compensation claims history, experience rating makes a significant difference in what you pay over time. An experience modification factor, or experience mod, is an additional factor that may be applied to your workers’ compensation premium calculation. It either increases or decreases your workers’ compensation premium for a given year. 

Your mod is a numerical representation of your actual losses compared with expected losses for your industry (plumbers are compared to plumbers, restaurant workers to restaurant workers, etc.) 

The mod is applied to the New York workers’ compensation premium as a debit or credit. 

  • AVERAGE MOD: 1.0 = Does not impact premium
  • DEBIT MOD: GREATER THAN 1.0 = Premium goes up
  • CREDIT MOD: LESS THAN 1.0 = Premium goes down

Experience-rated premium calculation

  • BASE RATE X (PAYROLL/100) X MOD = PREMIUM

New York employers are eligible for experience rating when they meet one of the following requirements: 

  • $10,000 in policy premium generated during the last year or last two years; or
  • $5,000 average policy premium generated for more than two years.
How do I find the best workers’ compensation insurance in New York?

Need workers’ compensation insurance in New York? A Trusted Choice insurance agent can help you find the right carrier and coverage for your needs, and can help you comply with state regulations. 

Your independent agent can also help you evaluate your risk management techniques and find new programs and solutions to keep your workers’ compensation insurance costs down over the long term.

  • There are 1,287 independent agents in New York who are ready to help. 
  • In 2017, our agents helped 8,619 New York residents. 
Top workers’ compensation insurance companies in New York

An independent insurance agent compares policies from multiple companies to find the best coverage for your needs. 

acadia insurance
preferred mutual
sterling
liberty mutual insurance

InformationFind the best insurance in your city

How does your city measure up in New York?

Average Cost Per $100,000 in Payroll


CityTop Industry 1/Workers Comp CostTop Industry 2/Workers Comp Cost
AlbanyPublic Administration: $160Health Care & Social Services: $1650
AstoriaAccommodation & Food Services: $3950Construction: $11,370
BedfordProfessional, Scientific & Technical Svcs: $635Finance & Insurance: $725
BinghamtonEducational Services: $570Retail Trade: $1150
BronxHealth Care & Social Services: $1650Construction: $11,370
BrooklynConstruction: $11,370Other Transportation & Support Activities and Couriers: $7380
BuffaloRetail Trade: $1150Manufacturing: $2025
CheektowagaRetail Trade: $1150Manufacturing: $2025
CortlandtProfessional, Scientific & Technical Svcs: $635Construction: $11,370
ElmiraManufacturing: $2025Retail Trade: $1150
FreeportRetail Trade: $1150Construction: $11,370
HarrisonFinance & Insurance: $725Professional, Scientific & Technical Svcs: $635
HempsteadConstruction: $11,370Accommodation & Food Services: $3950
Hudson ValleyRetail Trade: $1150Finance & Insurance: $725
HuntingtonProfessional, Scientific & Technical Svcs: $635Finance & Insurance: $725
IthacaEducational Services: $570Retail Trade: $1150
KingstonRetail Trade: $1150Health Care & Social Services: $1650
Long IslandProfessional, Scientific & Technical Svcs: $635Accommodation & Food Services: $3950
LynbrookConstruction: $11,370Educational Services: $570
Mount VernonConstruction: $11,370Retail Trade: $1150
New RochelleConstruction: $11,370Retail Trade: $1150
New York CityRetail Trade: $1150Accommodation & Food Services: $3950
OneontaEducational Services: $570Accommodation & Food Services: $3950
OswegoManufacturing: $2025Retail Trade: $1150
PoughkeepsieRetail Trade: $1150Accommodation & Food Services: $3950
QueensAccommodation & Food Services: $3950Construction: $11,370
Richmond HillAccommodation & Food Services: $3950Construction: $11,370
RochesterManufacturing: $2025Health Care & Social Services: $1650
RockvilleFinance & Insurance: $725Professional, Scientific & Technical Svcs: $635
RomeManufacturing: $2025Retail Trade: $1150
Saratoga SpringsManufacturing: $2025Professional, Scientific & Technical Svcs: $635
SchenectadyRetail Trade: $1150Manufacturing: $2025
Staten IslandFinance & Insurance: $725Public Administration: $160
SyracuseEducational Services: $570Retail Trade: $1150
TroyEducational Services: $570Retail Trade: $1150
Tupper LakeHealth Care & Social Services: $1650Public Administration: $160
UticaManufacturing: $2025Health Care & Social Services: $1650
WatertownPublic Administration: $160Retail Trade: $1150
WestchesterHealth Care & Social Services: $1650Educational Services: $570
White PlainsProfessional, Scientific & Technical Svcs: $635Retail Trade: $1150
YonkersRetail Trade: $1150Construction: $11,370


New York, NY Workers’ Compensation Insurance

How does having a business in New York affect my workers’ compensation cost? 

Your overall New York workers’ compensation premium is based on your industry risk classification, number of employees, and annual payroll. It is also highly dependent on how likely your employees are to be injured on the job. 

No matter what kind of New York business you own, you need to find ways to keep employee injuries and workers’ compensation costs under control. The best way to reduce the number of workers’ compensation claims for your business is to provide a safe workplace. 

Let’s take a peek at the three most popular businesses in New York, and what the average annual workers’ compensation cost would be (based on a $100,000 payroll).

  • RETAIL TRADE: $1,150 per year
  • ACCOMMODATION & FOOD SERVICES: $3,950 per year
  • PROFESSIONAL, SCIENTIFIC & TECHNICAL SERVICES: $635 per year

New York has some of the highest workers’ compensation rates in the nation. Businesses in the most dangerous industries will pay a lot for their coverage. Some of the most prevalent industries in New York City are some of the least dangerous. Retail workers, hospitality workers, and professionals don’t face the same at-work dangers as construction or manufacturing workers. The lower-risk business owners will pay less for workers’ compensation coverage as a result. 

Talk to a local Trusted Choice agent about how to obtain New York workers’ compensation insurance to protect your employees and your business from the costs of workplace accidents. 

Brooklyn, NY Workers’ Compensation Insurance

How does having a business in Brooklyn affect my workers’ compensation cost? 

Your industry classification, number of employees, and annual payroll all play a role in how much you will pay for Brooklyn workers’ compensation insurance. New York sets its own work comp base rates, but no matter where you live, employers with high-risk employees will pay more for coverage. Any company who experiences a lot of worker injuries and workers’ compensation claims will also pay more than others in their own industry. 

The best way to reduce the number of workers’ compensation claims for your Brooklyn business is to provide a safe and healthy workplace. You can reduce on-the-job injuries and illnesses by implementing effective risk management programs and making safety a top priority company-wide. 

Let’s take a peek at the three most popular businesses in Brooklyn, and what the average annual workers’ compensation cost would be (based on a $100,000 payroll).

  • CONSTRUCTION: $11,370 per year
  • TRANSPORTATION & SUPPORT ACTIVITES/COURIERS: $7,380 per year
  • FINANCE & INSURANCE: $725 per year

While accidents can happen at any job, construction and transportation workers in Brooklyn are exposed to many dangers at work. Employees in these industries may be exposed to injuries caused by heavy machinery, trips and falls, and motor vehicle accidents. As a result, their employers will pay more for New York workers’ compensation insurance than those who employ people in safer environments. 

Employers in Brooklyn can obtain quotes and learn more about New York workers’ compensation requirements by working with an experienced independent Trusted Choice agent.

Rochester, NY Workers’ Compensation Insurance

How does having a business in Rochester affect my workers’ compensation cost? 

Workers’ compensation premiums for Rochester businesses are based on the work-related risks for your employees, as well as how many employees you have, your annual payroll, and your history of accidents and work comp claims. New York sets different base rates for every industry, and high-risk employers always pay more. 

Rochester employers can reduce the number of workers’ compensation claims and keep costs under control by making safety a top priority company-wide.

Let’s take a peek at the three most popular businesses in Rochester, and what the average annual workers’ compensation cost would be (based on a $100,000 payroll).

  • MANUFACTURING: $2,025 per year
  • HEALTH CARE & SOCIAL SERVICES: $1,650 per year
  • RETAIL TRADE: $1,150 per year

Accidents can happen at any job, but retail and healthcare workers face fewer dangers than people who work on a factory floor. Healthcare workers risk exposure to serious illnesses and other medical hazards, while retail workers may experience trips and falls and other types of injuries on the sales floor. Manufacturing companies, whose employees are exposed to all kinds of dangers every day, will pay more for New York workers’ compensation because of the increased potential for workplace accidents and injuries. 

Employers in Rochester have a lot of options for workers’ compensation insurance. An independent insurance agent who understands your business and the New York workers’ compensation laws can help guide you. 

Yonkers, NY Workers’ Compensation Insurance

How does having a business in Yonkers affect my workers’ compensation cost? 

Every state sets its own workers’ compensation rates, so locating your business in Yonkers plays a significant role in how much you will pay for coverage. In addition, if you operate a business that exposes employees to work-related dangers, you will likely pay more for New York workers’ compensation insurance than businesses in other, less-hazardous industries. 

The best way to reduce the workers’ compensation costs for your Yonkers business is to provide a safe and healthy workplace. 

Let’s take a peek at the three most popular businesses in Yonkers, and what the average annual workers’ compensation cost would be (based on a $100,000 payroll).

  • RETAIL TRADE: $1,150 per year
  • CONSTRUCTION: $11,370 per year
  • HEALTH CARE & SOCIAL SERVICES: $695 per year

Construction companies often pay much more for workers’ compensation coverage than other employers. That is because construction workers are at risk for falls, injuries, and fatalities while at work. Retail and healthcare workers also can be injured at work, but their injuries are much less common and often much less severe. 

An independent insurance agent who understands your business and the New York workers’ compensation requirements can help guide you through the process of purchasing workers’ compensation coverage. 

Syracuse, NY Workers’ Compensation Insurance

How does having a business in Syracuse affect my workers’ compensation cost? 

New York sets its own statewide workers’ compensation rates, so your premiums are highly dependent on the state in which your business is located. In general, if your employees face an increased likelihood of being injured at work, or your company has a history of workplace accidents and work comp claims, you likely will pay more for your coverage than many other employers. 

You can reduce work-related illnesses and injuries and keep workers’ compensation costs under control by providing a safe workplace and making safety a top priority. 

Let’s take a peek at the three most popular businesses in Syracuse, and what the average annual workers’ compensation cost would be (based on a $100,000 payroll).

  • EDUCATIONAL SERVICES: $570 per year
  • RETAIL TRADE: $1,150 per year
  • ACCOMMODATION & FOOD SERVICE: $3,950 per year

Syracuse is home to Syracuse University, and the top employers in the city revolve around education and the service industry. Teachers, retail, and hospitality workers face fewer dangers at work than people in manufacturing or construction. As a result, employers in these industries pay more affordable rates for New York workers’ comp coverage. 

To make sure you purchase the right policy for your Syracuse business and your employees, seek help from a Trusted Choice member insurance agent.

Albany, NY Workers’ Compensation Insurance

How does having a business in Albany affect my workers’ compensation cost? 

While every state has different workers’ compensation rates, you can predict if your premiums will be higher or lower than other industries based on they types of hazards your employees are exposed to at work. If your employees face an increased risk for workplace injuries or illnesses, you likely will pay more for your New York workmans’ comp coverage. 

Since your premiums are also based on your history of workplace accidents and injuries, it’s important to keep workers safe in order to minimize any increases in your workers’ compensation premiums. 

Let’s take a peek at the three most popular businesses in Albany, and what the average annual workers’ compensation cost would be (based on a $100,000 payroll).

  • PUBLIC ADMINISTRATION: $160 per year
  • HEALTHCARE & SOCIAL SERVICES: $1,650 per year
  • ACCOMMODATION & FOOD SERVICE: $$3,950 per year

Albany is the capital of the state of New York, and most people work in government, healthcare, and hospitality. New York workers’ compensation rates are some of the highest in the nation, but in Albany, many of these lower-risk employers can find affordable coverage. 

If you would like to purchase workers’ compensation insurance for your Albany business, contact an independent Trusted Choice member agent who is licensed to sell workers’ compensation insurance in New York.

New Rochelle, NY Workers’ Compensation Insurance

How does having a business in New Rochelle affect my workers’ compensation cost? 

Workers’ compensation premiums are different in every state, because each state sets its own base rates for every industry. The workers’ compensation premiums for your New Rochelle business are determined by how hazardous your industry is for workers, as well as the number of employees you have and your annual payroll. 

If you have a lot of worker accidents and injuries, you can expect your rates to increase every year. But you can keep employees safe and minimize workers’ compensation costs by making safety a top priority in your New Rochelle workplace. 

Let’s take a peek at the three most popular businesses in New Rochelle, and what the average annual workers’ compensation cost would be (based on a $100,000 payroll).

  • CONSTRUCTION: $11,370 per year
  • RETAIL TRADE: $1,150 per year
  • PROFESSIONAL, SCIENTIFIC & TECHNICAL SERVICES: $635 per year

Construction workers face hazards that can cause serious injury and even death. Conversely, retail workers and professional services providers are not frequently injured at work. If you own a New Rochelle construction company, expect to pay a great deal more for your New York workers’ compensation coverage than many other employers. 

Looking for workers’ compensation insurance in New Rochelle? Contact an independent Trusted Choice insurance agent who is licensed to sell workers’ compensation insurance in New York. An independent agent can help you find the best coverage for your industry, and can help you assess and implement safety and risk management programs that help to keep your workers’ compensation costs under control. 

Mount Vernon, NY Workers’ Compensation Insurance

How does having a business in Mount Vernon affect my workers’ compensation cost? 

While every state has different workers’ compensation rates, you can predict if your New York work comp premiums will be higher or lower than other industries based on the dangers that your employees come into contact with. If your workers are more likely to be injured on the job, expect to pay more for your coverage.  

If you do have a high-risk business, the best way to keep work comp claims and costs under control is to implement effective risk management programs and encourage safety in every area of your business. 

Let’s take a peek at the three most popular businesses in Mount Vernon, and what the average annual workers’ compensation cost would be (based on a $100,000 payroll).

  • CONSTRUCTION: $11,370 per year
  • RETAIL TRADE: $1,150 per year
  • HEALTHCARE & SOCIAL SERVICES: $1,650 per year

The most prevalent industries in Mount Vernon include construction, retail trade, and healthcare. Employees who work in these industries are exposed to a variety of dangers, but construction environments are the most dangerous. If you operate a business with an increased level of risk for employee injuries and accidents, expect to pay more for your New York workmans’ comp coverage. 

If you want to purchase workers’ compensation for your Mount Vernon business, enlist the help of a trusted advisor. To learn more about New York’s workers’ compensation laws and obtain coverage, contact an experienced Trusted Choice independent insurance agent.

Schenectady, NY Workers’ Compensation Insurance

How does having a business in Schenectady affect my workers’ compensation cost? 

Workers’ compensation premiums are based on the work-related risks for your employees, as well as how many employees you have, your annual payroll, and your history of accidents and work comp claims. Like all other states, New York sets different base rates for every industry, and high-risk employers always pay more. 

Providing a safe workplace and focusing on accident prevention in every area of your business is the best way to keep employees safe and keep your New York work comp costs under control. 

Let’s take a peek at the three most popular businesses in Schenectady, and what the average annual workers’ compensation cost would be (based on a $100,000 payroll).

  • RETAIL TRADE: $1,1,50 per year
  • MANUFACTURING: $2,025 per year
  • EDUCATIONAL SERVICES: $570 per year

There are a variety of occupations that are prevalent in Schenectady. While retail workers and educators tend to work in very safe settings, workers on the factory floor face risks from trips and falls, electrocution, and the hazards involved with using heavy machinery and complex tools. Any employer whose employees are more likely to be injured at work should expect to pay more for New York workers’ compensation coverage. 

For New York workers’ compensation quotes and information, contact an independent insurance agent who understands your business and the requirements in your state. 

Utica, NY Workers’ Compensation Insurance

How does having a business in Utica affect my workers’ compensation cost? 

Workers’ compensation premiums for your Utica business are determined by how likely your employees are to be injured at work, as well as how many employees you have and your annual payroll. Each state sets its own base rates for every industry, so rates vary significantly depending on where your business is located. New York has some of the highest workers’ compensation rates in the nation. 

Employers in Utica can control workers’ compensation costs by emphasizing safety and providing clear and effective safety guidelines for every job. 

Let’s take a peek at the three most popular businesses in Utica, and what the average annual workers’ compensation cost would be (based on a $100,000 payroll).

  • MANUFACTURING: $2,025 per year
  • HEALTHCARE & SOCIAL SERVICES: $1,650 per year
  • RETAIL TRADE: $1,150 per year

The most prevalent industries in Utica include manufacturing, healthcare and social services, and retail trade. Employees who work in these industries are exposed to a variety of dangers, from repetitive motion injuries and back pain to slips, falls, and exposure to serious injuries and even dangerous people. Because injuries and even fatalities are more common in some industries, some employers pay more than others for New York work comp coverage.  

An independent insurance agent who understands your business and the New York’s workers’ compensation requirements can help you get quotes for coverage.