Workers Comp Rates in New York (NY)
New York workers comp rates are approximately 38% above the national average. Here's what New York business owners need to know about classification and premiums.
1.38x
State Rate Modifier
38%
Above National Average
New York Workers Comp Overview
New York has mandatory workers comp for virtually all employers and some of the highest rates in the nation. The NY Compensation Insurance Rating Board (NYCIRB) sets rates independently from NCCI. Classification errors are extremely costly here.
How New York Rates Compare
With a state modifier of 1.38x, a business in New York paying $10,000 in base premium nationally would pay approximately $13,799 in NY. This makes proper classification even more important in high-rate states like New York — every misclassified employee costs more.
The most impactful thing a New York business owner can do is ensure that office, clerical, and administrative employees are coded separately from their operational staff. In NY, the difference between a clerical code (8810 at $0.16/$100) and a construction code (5403 at $9.42/$100) is massive — and that gap is amplified by the state modifier.
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Check My Premium \u2192This guide is for informational purposes only and is not insurance advice. New York rates and requirements are subject to change.