The New York Compensation Insurance Rating Board recently announced another annual increase in the payroll limitation cap.
For policies with an effective date on and after July 1, 2011, the payroll limitation cap will rise to $1,159.44 per week.
If you are a contractor in New York, you will begin using the new payroll limitation to report payroll for all applicable workers’ compensation codes for all jobs, including those covered by wrap-up insurance programs once your policy renews after July 1st.
For more information, please visit http://www.nycirb.org/
