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2009 SUMMER MEETING - JULY 19 - 22
Space Available Basis Only!
The
NYSAEC Summer Meeting will be held at
Pillar & Post, a four diamond inn located in the quaint town of
Niagara-on-the-Lake (just outside Niagara Falls on the Canadian side). This marks
the first time the Association has held it's meeting in the Western NY/
Niagara Falls area, and it is sure to offer something for everyone.
Beside the famous falls themselves, there is
theatre, art, wineries, shopping, fine dining, and casino gambling.
Note: Valid passport or "enhanced" driver
license required.
Mark your calendar now for the 2010 Winter Meeting
scheduled for Saturday January 23 - Wednesday January 27, 2010.
The meeting will be held at the
Radisson St. Martin Resort,
Marina and Spa on the French side of the
island.
2009 SCHOLARSHIP AWARDS
The scholarship
committee is currently reviewing all applications received and the
winners will be announced at the Summer Meeting. Best of luck to
all who applied.
NEW WORKERS' COMP SOLUTION
Fully-insured group program without the potential liabilities of
self-insurance.
NYSAEC has again
partnered with CardinalComp to create a new workers' compensation safety
group (not related to State Insurance Fund) designed specifically for
our NYSAEC electrical contracting membership. The group offers
competitive up-front pricing, outstanding claims handling, superior
customer service and potential dividends.
Coverage through the group may now be extended to your operations
outside New York, including PA, NJ, VT, CT and MA.
Contact
Jay Mangione at
the Association office for further details and quotation.
PROPERTY & LIABILITY GROUP
NEARS $3 MILLION
Interest running high in this members only
program!!
The State Association has partnered with
Harleysville Insurance
Company and Cool Insuring
Agency to offer a property and liability group. The
program is tailored to specifically address electrical contractor
coverage issues, and offers an additional discount for State Association
members.
Those currently insured with Harleysville should
speak with their broker to learn of the additional benefits and savings
available through the group. Quotes and further information may be
obtained by visiting
electrical
contractors group.
WORKERS' COMPENSATION
RATES REVISED
NY State Moves to Loss
Cost Rating
The NY Compensation Rating Board has announced an
average "loss cost level" rate decrease of 6.4% effective with policies renewing October
1, 2008 and after. Changes to individual classification codes will
vary based upon industry experience. The NYS Assessment charge
will also be reduced from 15.5% of premium to 13.4%.
A new system of rating now involves the
calculation of just the loss component of rates, and each industry
classification will have a state determined loss cost. Carrier
profit and overhead are no longer contained within the manual rates
calculated by the state, rather each carrier will file a "loss cost
multiplier". The loss cost rate, multiplied by the
loss cost multiplier will yield the total rate charged by the carrier.
Each carrier's final rates will vary based upon their approved
multiplier.
The new "Loss Cost" rate for Code 5190- Electrical Wiring is
4.01, a 12.3% reduction from the current rate. The "Loss Cost" rate for Code
5191- Low Voltage is 1.00, a reduction of 10.4%.
The Association's workers' compensation group will
be incorporating this new rate structure upon renewal. If you would like further information on Workers'
Compensation rates and reforms or a quote from the
Association's Workers' Compensation Group, contact Jay Mangione at
the Association office.
•Scholarship Awards Program
The New York State Association of
Electrical Contractors Scholarship Awards Program is funded
by NYSAEC and by contributions from our members. Use the link
below to download and/or print the application.
The New York State
Association of Electrical Contractors
is located at:
16 Wade Road
Latham, NY 12110
TEL 800.724.1904
FAX 518.785.0912
MISSION STATEMENT:
The New York State Association of Electrical Contractors, founded in 1899, is dedicated to promoting the exchange of information and ideas, fostering of business relationships and networking opportunities, development of group business and insurance programs, and the advancement of State legislative interests common among all member firms in the electrical contracting and related industries.