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How are NY workers compensation premiums calculated?

Workers compensation can be a nightmare for New York small business owners if proper steps are not taken to understand and review the NY workers comp policy.  A general understanding of how NY workers compensation premiums are calculated can help a small business owner prevent large audit bills or at least mitigate the total expense of audit bills.

Many of the issues surround NY workers comp involve misconceptions of what New York workers comp actually covers, but more importantly who is actually covered by NY workers comp.

Keeping detailed records of how much payroll is applied to each job class within a business is good place to start.

Watch this video “How are workers compensation premiums calculated?” for more details:

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This is video #3 of a one hundred video series that The Murray Group is producing to provide NY insurance consumers with quick, valuable answers to their everyday NY insurance questions.

If you have additional questions regarding workers compensation insurance or if you would like discuss and receive a quote on your workers compensation use the link below:

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Disclaimer: This article is for informational purposely only. There is no legal advice being suggested or proffered and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information.