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WCB reveals 2020 assessment rate

The WCB funds its operations by assessing every workers’ compensation insurance policy written in New York. The assessment rate for the following year is published annually on November 1. Rate for 2020 will decrease by 0.4% to 12.2%. The same rate will be assessed on the premium equivalent for self-insured employers. The rate has fluctuated since the methodology for calculating the rate was changed by the Business Relief Act – part of the 2013/2014 State budget. Here is the history:
2020 – 12.2%
2019 – 12.6%
2018 – 12.1%
2017 – 12.2%
2016 – 12.9%
2015 – 13.2%
2014 – 13.8%