Code Rule 59 is a New York specific program administered by the New York Department of Labor (NYDOL). Employers with annual payrolls greater than $800,000 and an experience modification rating (“EMR”) above 1.20 are required to participate in a comprehensive safety consultation by a NYDOL approved safety and loss prevention consultant. Failure to comply with the program in a timely manner results in a 5% surcharge on your workers’ compensation insurance premium. Lamb has certified NYDOL safety and loss prevention consultants on staff and can assist clients who are subject to the Code Rule 59 program.
Unlike Code Rule 59, which is mandatory for certain New York employers, Code Rule 60 is a voluntary program that offers eligible New York employers insurance premium credits. Credits are available for New York self-insured employers and insured New York employers whose EMR is less than 1.30 and whose annual workers’ compensation premiums are at least $5,000. Employers can get credits by starting one or more workplace programs designed to decrease injuries and reduce workers’ compensation costs, including:
– Workplace safety
– Drug and alcohol prevention
While the above is applicable specifically to New York State, other states have similar programs. For more information on your state, please contact one of our experts. Lamb has certified Safety and Loss Prevention Consultants on staff and can assist.
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