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We will not give, sell or trade your personal information to anyone.

Associate members

Please visit our associate members web sites by clicking their logo below. All sites will open in a new browser window.

Cool Insuring Agency Inc.

LB Electric Supply

Milwaukee Tool

Mid-Island Electrical Supply

 

 

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Association e-Bulletin

DownloadJULY 2014 Issue Here
Download JULY 2014 Legal Monitor Here
 


 

WORKERS' COMPENSATION RATES EFFECTIVE 10/1/2013

Effective with renewal policies October 1, 2013

The State of New York has approved a 9.5% average loss cost rate increase, after declining a 16.5% increase originally sought by the NY Compensation Rating Board.  The loss cost rate for Code 5190- Electrical Wiring will increase from 5.49 to 6.04 a 10.7% increase. The NYS Assessment charge will remain unchanged at 18.2% of premium.

The loss cost rate, multiplied by a carrier loss cost multiplier yields the total rate charged by the carrier.  Each carrier's final rates will vary based upon their approved multiplier.

For those who qualify for Payroll Limitation, the weekly payroll "cap" of $1,188.10 will be revised to $1,204.81 effective with renewals October 1, 2013 and after.

Benefits for injured workers are indexed to 2/3 of the average statewide weekly wage. Effective July 1, 2013, the weekly maximum benefit for injured workers is $803.21, up from $792.10.  For many years the weekly maximum was held constant at $400.

If you would like further information on Workers' Compensation rates or a quote from the  Association's Workers' Compensation Group, contact Jay Mangione at the Association office. 
 

PROPERTY & LIABILITY GROUP COVERS OVER 135 NYSEC MEMBERS!

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 contacting Jay Mangione at the Association office.

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Scholarship Award Program

Legal Monitor

July 2014

Court Rejects Contractor’s  Claim Against Insurance Company Regarding Use of Uninsured Subcontractor...

  • Legislative Update
  July 2014
 

  • WICK'S Works!

  • "Fair-Play Act"
  

     

 

The New York State Association of Electrical Contractors

P.O. Box 807
Latham, NY 12110



 

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.

Read the History of NYSEC >

 

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