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2010 SUMMER MEETING IN NEWPORT


The 2010 NYSEC Summer Meeting has been booked at the vibrant and historical summer hot-spot of
Newport, Rhode Island. We have selected the majestic Hotel Viking, which is situated in the famous mansion district- just a few blocks walk to all the waterfront action. The dates are Sunday July 18 - Wednesday July 21, 2010, with a number of rooms blocked for early arrival on Saturday the 17th.  This is a new destination for the Association- we look forward to enjoying all that the Newport area has to offer!

 

VICTORY FOR WC TRUSTS

50-5f assessments ruled unconstitutional

Acting State Supreme Court Justice Kimberly A. O’Connor ruled April 14, 2010 that the NYS Workers' Compensation Board can no longer raise its assessments on self-insurance groups to make up for the unfunded liabilities of a series of defaulted self-insurance trusts.

13 First Cardinal groups, including our ELEC-CON TRUST, sued the State after receiving bills for unrelated trust defaults back in early 2008.  These liabilities are currently estimated at over $450 million, and were by law transferred to the self-insurance industry.  That law has now been overturned on constitutional grounds, representing a tremendous victory for our former trust members.

    Trust Press Release 4-16-2010.pdf

 

OSHA RECORDKEEPING

OSHA requires firms with 11 or more employees to record   injuries during the 2009 calendar year on the 300 log, and then post the summary form 300A for the period February 1 to April 30, 2010.  Note that it is not necessary to record cases where only first-aid was rendered.  If there were no injuries, form 300A must still be posted (indicating zero’s and signed by an officer). 

The OSHA 300 and 300A forms can be downloaded by following this link:  http://www.osha.gov/recordkeeping/RKforms.html

Note that form C-2, used to report workers’ compensation claims, is helpful when completing the 300 log.  The C-2 is also an allowable substitute for OSHA form 301.

Incidents involving one or more fatalities, or hospitalization of 3 or more employees from the same incident must be reported within 8 hours to OSHA at 1-800-321-6742.

If you have any questions regarding the enclosed, please feel free to contact the Association office.

NOTE:  The Standard Classification Code for Electrical Wiring is 1731.

 

NYSEC WORKERS COMP GROUP

Fully-insured group program without the potential liabilities of self-insurance.

NYSEC retains its partnership with CardinalComp to offer a workers' compensation safety group (not related to State Insurance Fund) designed specifically for our NYSEC electrical contracting membership.  The group provides 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.

C
ontact Jay Mangione at the Association office, or complete this form (PDF) for further details and quotation.

 

WORKERS' COMPENSATION RATES REVISED

Effective with renewal policies October 1, 2009

The NY Compensation Rating Board has announced an average "loss cost level" rate increase of 4.5% effective with policies renewing October 1, 2009 and after.  Changes to individual classification codes will vary based upon industry experience.  The NYS Assessment charge will be increased from 13.4% of premium to 14.2%.

The rating system 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 4.04, a 0.7% increase from the current rate of 4.01.  The "Loss Cost" rate for Code 5191- Low Voltage is 1.21, an increase of 21%. 

The Association's workers' compensation group will be incorporating these new rates 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.

 

PROPERTY & LIABILITY GROUP NEARS $4 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.

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Scholarship Awards Program

Legal Monitor
July 2010

Court Rules That Architect May Not Pursue Design Infringement Claim Against Developer

Court Enforces Comprehensive General Liability Policy Against Insurance Company

 

Legislative Update
   May 2010

Continued negotiations on the 2010 NYS Budget

     

 

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.

Read the History of NYSEC >

 

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