Transportation businesses in New York State have to deal with many moving challenges. A truck driver may face a bridge closure in Staten Island, pot holes in Brooklyn, and a parade in Manhatten. By the time he leaves the five boroughs he may be hit with a blizzard in Westchester Country or a hail storm in Rockland County.
A one day trip can be hectic, but maybe not as stressful as the paperwork his employer must face on a regular basis. New York State employers must travel along another type of highway filled with regulations, fees, and taxes. Employers often have little or no control over the costs of some mandatory requirements, but when it comes to workers compensation insurance, businesses may be able to put the brakes on some costs.
Every business with one employee or more must pay for workers compensation insurance. Rates vary with different types of industries and jobs depending on the level of risk any given job entails. Companies are divided into five categories; contractors, retailers and wholesalers, manufacturers, restaurants and bakeries, and transportation enterprises. The transportation category includes truckers and various other types of drivers.
Workers for each industry are then divided into sub categories and given individual code numbers. The categories and classifications are determined by the New York compensation Insurance Rating Board, NYCIRB. Jobs which face a greater risk of injury are given higher code numbers which are then applied during audits to determine worker's compensation insurance premiums.
A driver who faces New York City traffic will probably require a higher premium then a store clerk. That seems simple enough; however, let's say the driver spends 20 hours a week on the road, and 20 hours a week working on inventory. Half of the time our driver is not on the road and might have a lower risk of injury than when he's on the highway. If the driver is classified only as a driver his employer may pay a higher premium, but if he is rated as a driver half of the time, and a warehouse worker the other part of the time, the fees may be considerably less. This is just one example of how expertise and a complete understanding of the worker's comp system can make a big difference.
New York State is full of lots of road hazards truckers and drivers must avoid. Learning about the NYCIRB codes and how to find the best route to competitive rates won't make the tolls go away, but they will be easier to pay.
A one day trip can be hectic, but maybe not as stressful as the paperwork his employer must face on a regular basis. New York State employers must travel along another type of highway filled with regulations, fees, and taxes. Employers often have little or no control over the costs of some mandatory requirements, but when it comes to workers compensation insurance, businesses may be able to put the brakes on some costs.
Every business with one employee or more must pay for workers compensation insurance. Rates vary with different types of industries and jobs depending on the level of risk any given job entails. Companies are divided into five categories; contractors, retailers and wholesalers, manufacturers, restaurants and bakeries, and transportation enterprises. The transportation category includes truckers and various other types of drivers.
Workers for each industry are then divided into sub categories and given individual code numbers. The categories and classifications are determined by the New York compensation Insurance Rating Board, NYCIRB. Jobs which face a greater risk of injury are given higher code numbers which are then applied during audits to determine worker's compensation insurance premiums.
A driver who faces New York City traffic will probably require a higher premium then a store clerk. That seems simple enough; however, let's say the driver spends 20 hours a week on the road, and 20 hours a week working on inventory. Half of the time our driver is not on the road and might have a lower risk of injury than when he's on the highway. If the driver is classified only as a driver his employer may pay a higher premium, but if he is rated as a driver half of the time, and a warehouse worker the other part of the time, the fees may be considerably less. This is just one example of how expertise and a complete understanding of the worker's comp system can make a big difference.
New York State is full of lots of road hazards truckers and drivers must avoid. Learning about the NYCIRB codes and how to find the best route to competitive rates won't make the tolls go away, but they will be easier to pay.
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