Association e-Bulletin

DownloadJULY 2014 Issue Here
Download JULY 2014 Legal Monitor Here
 

2014 Annual Membership Meeting

Download registration form Here

In a departure from the past, the New York State Association of Electrical Contractors will conduct its 2014 Annual Meeting in a single day rather than the three-day convention format. Our Association is no different than many others that have seen dwindling attendance, as business and family obligations peak during the summer months.

The meeting will be held in Manhattan at the ‘21’ Club, 21 West 52nd Street, New York, NY 10019. The meeting will be called to order at 2:30 PM and is expected to conclude by 4:00 PM.

If you plan to attend, please guarantee your spot by returning the registration form as soon as possible, and note the registration deadline of July 8, 2014!

Should you have any questions regarding the meeting, please contact the NYSEC office at (518) 852-0154.
 

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.

• Scholarship Award Program The New York State Association of Electrical Contractors Scholarship Award Program is funded  by contributions from our members. Use the link below to download and/or print the application. Scholarship information and form - (PDF file - 41 kb)		• 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 >