According to a recent Insurance Journal article, New York worker compensation assessment rate is about five times the nation’s average surcharge. The current 18.8 percent in New York doubles the tax of 8.8 in Minnesota, for example. The tax on workers compensation premiums funds New York’s bloated system, according to the article.
In the report, New York has increased the tax to employers over the last three years. The report discusses the increasing costs of providing workers compensation in New York.
If you have suffered a work related injury, you can receive the benefits you need to support yourself and your family. Having these New York worker compensation assessments in place ensures that workers will receive the benefits they’re entitled to when a claim is awarded.Share This