NY Workers’ Comp Assessment Rate To Decrease
Abstract: The New York State Workers' Compensation Board has announced that the state assessment rate for calendar year 2025 will be 7.1%. Body: 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,…