Workers' comp assessments for N.Y. employers to decrease, board says

10/24/2013 | Business Insurance (tiered subscription model)

Workers' compensation assessments for insured employers in New York will amount to 13.8% of their premiums next year, a decrease from 18.8% this year, because of the state's move to streamline its assessment system, according to the New York Workers' Compensation Board. The decrease will mean $300 million in savings for these firms, the board said. "The previous assessment system was overly complicated, cumbersome and expensive," the board said in a statement.

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