THE NEW YORK WORKERS COMP RATING BOARD (NYCIRB) IMPLEMENTED A NEW RATING CLASSIFICATION CODE FOR IDLE EMPLOYEES IN RESPONSE TO COVID-19
Effective 5/1/20 to all new and renewal policies after 5/1/20 as well as to all in-force policies as of 3/16/20, the NY Comp Insurance Rating Board has added a new classification – code 8873, Telecommuter Reassigned Employees for those employees that are being paid while not working or working in a different role during New York’s stay-at-home order due to COVID-19.
“… to the payroll of employees who, during New York’s stay-at-home order related to the COVID-19 pandemic (and future stay-at-home orders), are reassigned to either (a) not perform any work duties (idle), or (b) perform clerical work duties at home. The loss cost rate for Classification 8873 will mirror the rate for Classification 8810 (clerical office employees). Further, this provision is applicable at the start of New York’s stay-at-home order and for up to 30 days after its conclusion.”
Furthermore, NYCIRB states claims involving a COVID-19 diagnosis and an accident date on or after December 1, 2019 will be excluded from the experience rating modification of individual employers.
The NYCIRB bulletins can be found here: http://nycirb.org/bulletins/rc2512.pdf
We at CCP urge you to keep clear records of payroll that was reassigned duri
ng the stay-at home order to help at the time of audit. One underwriter we inquired with also mentioned that we can make this change during the policy term if you would like us to. This means you do not need to wait until audit, but she was very firm that is important to keep very good records so any changes being made are clear to the auditor.
If you have any questions about this matter, please contact us at 516-484-5200 or email us at email@example.com.