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Download MAY 2013 Issue
Download APR 2013 Legislative Update
Summer Meeting Registration Due May 28!!
The NYSEC Summer Meeting has been scheduled for Sunday July 21 -
Wednesday July 24, 2013 at the
Turning Stone Resort & Casino near Syracuse, NY. We have a
block of rooms at the Four-Diamond Lodge at special group rates!
This year we will
have product demonstrations from national manufacturer representatives
of Southwire and Maxis Tools to complement a great program and
property. Plan to join us for a great meeting!
deadline is May 28, 2013!
Applications are now
being accepted for the
2013 NYSEC Scholarship Award. The total award is $4,000 paid
over four years. Children and grand children of owners and
management employees are eligible.
The completed application is due by June 12, 2013.
A special thanks to our members who have donated generously to the
Scholarship Fund. Your contributions make this award possible!
COMPENSATION RATES TO REMAIN FLAT
renewal policies October 1, 2012
The State of New York has declined an
11% increase sought by the NY Compensation Rating Board, and therefore
the present Workers' Compensation loss cost rates will remain
unchanged for policies renewing October 1, 2012 and after. The
NYS Assessment charge will be decreased from 20.2% of premium to
The "Loss Cost" rate for Code 5190-
Electrical Wiring of 5.49, and the "Loss Cost" rate for Code 5191- Low
Voltage of 1.35 will remain in place upon renewal.
The loss cost rate, multiplied by a
carrier loss cost multiplier will yield the total rate charged by the
carrier. Each carrier's final rates will vary based upon their
For those who qualify for Payroll
Limitation, the weekly payroll "cap" of $1,159.44 will be revised to
$1,188.10 effective with renewals October 1, 2012 and after. The
Territory Differentials have been eliminated.
Benefits for injured workers are
indexed to 2/3 of the average statewide weekly wage. Effective July 1,
2012, the weekly maximum benefit for injured workers is $792.10, up from
$772.96. For many years the weekly maximum was held constant at
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 125 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.
OSHA requires firms with 11 or more employees to record injuries during
the 2012 calendar year on the 300 log, and then post the summary form
300A for the period February 1 to April 30, 2013. 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).
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. Also note that the Standard Industrial Code (SIC) for
Electrical Contractors is 1731.You must retain the OSHA 300 log and 300A
summary, along with applicable C-2’s, for a period of 5 years. After 5
years you may discard the OSHA forms, but it is recommended that you
keep a copy of all C-2 forms in your files for at least 18 years.
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 industries.