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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. Download Registration Form (pdf file) Download Meeting Information (pdf file) * * * * * * 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.
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.
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.
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The New York State
Association of Electrical Contractors 
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.
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