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2010 WINTER MEETING A SUCCESS

By all accounts, the 2010 Winter Meeting recently held at the Radisson St. Martin Resort, Marina and Spa was a great success.  A large turnout of members from all over the state enjoyed great weather and cuisine, while building lasting friendships. We hope the word continues to spread about these terrific State Association events.
 

 


We now set our sights on the
2010 Summer Meeting booked at the Hotel Viking in Newport, Rhode Island.  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, so plan to join us and enjoy all the Newport area has to offer!

 

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.

Scholarships/Awards heading graphic Newsletter Highlights heading graphic

Scholarship Awards Program

Legal Monitor
December 2009

Second Circuit Rejects Labor Union’s Claim That Prime Contractor Must Arbitrate Dispute With Union

Contractor Unable To Recover Delay Damages From Public Utilities For Failing To Move Facilities

 

Legislative Update
   January 2009

Governor Paterson's 2009 NYS Budget Highlights

     

 

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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