Abstract: The New York State Workers' Compensation Board has announced that the mandatory assessment rate for 2026 will be 7.0%.
Body:
The New York State Workers’ Compensation Board has announced that the mandatory assessment rate for 2026 will be 7.0%. This represents a slight decrease from the current level of 7.1%.
The assessment, required by the state Workers’ Compensation Law, pays for the board’s administrative expenses. It applies to Workers’ Comp insurance standard premium or "premium equivalent" (for self-insured employers.)
The new rate applies to all policies effective on and after Jan. 1, 2026.
Category: Industry News
Published: 11/3/2025 4:42 PM
Author: Tim Dodge
IAFeaturePost: NONE