Yearly Archives: 2021

Workers Comp Construction Payroll Cap To Rise July 1

​The New York Compensation Insurance Rating Board has announced the new construction payroll limitation for 2021. Effective July 1, 2021, insurers can apply a maximum of $1,594.57 per week for payroll when calculating Workers' Compensation insurance premiums.New York insurance law limits the amount of payroll that insurers may apply when determining Workers' Comp premiums for employers in the construction industry. The limitation is a function of the state's average weekly wage and must be reset every year on July 1. The previous limitation was $1,450.17.Source

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On Our Mind: Embracing Unpredictability

​​By Jim Lombardo, CPCU, AAI, AIM, MBA, AVP of Learning & Development​Life Is so unpredictable, I stopped trying to predict it a long time ago. When I made that decision, a wonderful thing happened- my stress level went down! Now, it didn’t go away completely, and I still prepare for what might happen, but I have learned not to get upset if things don’t always go my way.For example, I had a big meeting coming up with a new group of people whom I never met before- I was warned about their personalities, their quirks, their potential expectations- I spent hours researching and preparing and was…

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A Message from the Big I NY Chair of the Board on the “NY-HERO Act”

​Earlier this week, I and members of the Big I NY board and staff joined employer groups from virtually every sector of the economy at a press conference to voice concerns with the “NY HERO Act", a bill mandating new workplace airborne infectious disease rules and regulations. The bill has now passed both the Senate and Assembly, and will soon head to the Governor's desk.The intent of this bill is noble – protecting workers from airborne diseases. But the reality for employers, particularly small businesses, is more crushing red tape, bureaucracy, and liability. Broadly speaking, the bill mandates the Department of Labor (DOL) to implement sweeping…

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