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2016 WINTER MEETING –
The 2016 Winter Meeting of the State Association
will be held from Saturday, January 30 to Wednesday, February 3, 2016 at
the AAA Four Diamond Marriott Resort & Casino in Aruba.
Located on Palm Beach the hotel offers premium amenities, including some
of the finest restaurants in Aruba. Enjoy yourself at Ruth's Chris Steak
House, the Balinese-style Mandara Spa and the 24-hour Stellaris Casino.
This Meeting will be a wonderful opportunity to relax and network with
your fellow industry members. Please review the enclosed information and
registration form. Note that the reservation deadline is EXTENDED to
November 15, 2015! Please contact Donna Falk or the Association office
for further information.
The State of New York approved a general rate increase of 5.9% effective
with policies renewing on and after October 1, 2015. However,
cost rate for Code 5190- Electrical Wiring DECREASED 5.6% to 5.74. The
NYS Assessment charge was reduced (on January 1, 2015) from 13.8% to
13.2% 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 $1,212.98 will be revised to $1,266.44 effective with renewals
October 1, 2015 and after.
Benefits for injured workers are indexed to 2/3 of the average statewide
weekly wage. Effective July 1, 2015, the weekly maximum benefit for
injured workers is $844.71, up from $809.05. 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,
Mangione at the Association office.
Download MAR 2015 Issue
Download FEB 2015 Legislative Update
PROPERTY & LIABILITY
GROUP COVERS OVER 135 NYSEC MEMBERS!
Interest running high in this
members only program!!
The State Association has partnered
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.
The New York State Association of Electrical Contractors
P.O. Box 807
Latham, NY 12110
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