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NYS Code Rule 59/60
You received a letter from New York State Compensation Rating Board alerting you that your company must undergo a Workplace Safety and Loss Prevention evaluation. Code Rule 59 consultations apply to firms with a workers compensation experience modification rate greater than 1.20 and a payroll of $800,000 or more. A 1.20 experience modification means your company is paying a 20% premium surcharge.
There is a timeline for completing various steps in the Code Rule 59 process. The first step is hiring a certified safety consultant within 30 days and arranging for the evaluation. Throughout the process, I will be there for you by preparing required correspondence, written report, and providing information to assist in improving the safety and health program.
Approximately 6 months after submitting the written report to the NYSDOL you will receive a follow-up visit from your insurance carrier to verify completion of any recommendations that came out of the evaluation. At any time, you can contact me by telephone or email to answer questions. On occasion, I have stopped by and even attended the insurance company follow-up visit at the request of our clients.
Code Rule 60 is a NYSDOL voluntary program that offers qualifying companies to apply for up to 10% workers' compensation insurance premium discount the first year and 6% the following years. There are 3 safety incentive programs: Safety and Health; Return to Work; Drug and Alcohol Prevention. A company can apply for 1, 2 or all 3 safety incentive credits.
Please contact me to discuss the process, obtain a quote (flat fee so you know up front the cost) and set-up a consultation visit.