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October 29, 2024
NYS Workers' Compensation Assessment Rate Announced for 2025
The New York State Workers' Compensation Board has announced the NYS Assessment Rate (applied to all NY workers' compensation insurance policies) is 7.1% for the calendar year 2025. This is a 22.8% reduction from the 2024 assessment rate of 9.2%.
NOTE: The Assessment Rate applied to Volunteer Firefighter Benefit Law (VFBL) and Volunteer Ambulance Workers Benefit Law (VAWBL) policies will remain 0%.