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Haylor Risk Management Blog

Just Released New Workers' Comp.  Classification for Covid-19

Posted by Risk Management Team on May 5, 2020 8:58:14 AM

Did you take advantage of the Federal Payroll Protection Program?

Are you paying employees even though they are not allowed to work during the NY State shut-down?  

Those idle employees are still on your payroll but have limited on the job injury exposure, leaving you with paying work comp insurance premium for a non-existent risk.   

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To address this, The New York Compensation Insurance Rating Board (NYCIRB) today announced that employers who are paying employees sidelined by the COVID-19 pandemic will pay a less-expensive rate for Workers' Compensation insurance.

  • Employees who are currently at home being paid but not working in their typical capacity are to be coded under 8873 which will have the same rate as 8810 clerical.  
  • Any Workers' Compensation claim due to Covid-19 will not be reported for future experience mod calculation purposes.

This provision is applicable at the start of the New York State shut-down and will last up to 30 days after the conclusion of the shut-down.

The rule change applies to all new and renewal policies effective May 1, 2020, as well as to all in-force policies as of March 16, 2020.

To read the entire release please click below:  New COVID-19 Related Workers' Comp Classification


Topics: Coronavirus Guidance for Business, workers compensation, work comp