If you are a New York employer with a payroll greater than $800,000 and an experience modification greater than 1.20, you have been forced to comply with Code Rule 59 which calls for employers to develop a workplace safety program and have it certified by the Department of Labor if the rating board notifies you that the program is required.

Employers must hire a certified consultant to develop the program and then report that the plan is under development to the Department of Labor. The employer is then given six months to develop the plan and submit it to the appropriate insurance carrier, which also must approve the program and submit it to the Department of Labor for approval. This process is very cumbersome, difficult, and ultimately expensive for employers.

If you are a New York employer who has been forced into this program, you are now paying a consultant thousands of dollars to help you implement this program.

If you are a New York employer who has a debit mod above 1.00 and may very well be approaching a mod that will exceed the 1.20 mod, you will also soon be facing paying a consultant thousands of dollars in consulting fees to implement this program.

Workers compensation premium recovery offers employers to reduce their current and prior experience mods on a no-recovery no-fee basis, obtain significant refunds, and have a better underwriting profile to enter the renewal marketplace with in a much shorter timespan than the possible 400 days that it takes to complete the process of being in compliance with Code 59.