![](\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2026\/03\/1774017918479-0.jpg\"\/)
<\/p>\n
Why Workers Comp Rates Matter More in 2026<\/p>\n
New York has some of the most complex workers compensation regulations in the country. For construction companies, premiums are calculated based on payroll, trade classification codes, and an experience modification factor \u2014 a formula that rewards contractors with strong safety records and penalizes those with higher claims histories.<\/p>\n
With construction activity remaining strong across the New York metro area, more contractors are entering the market \u2014 and many are doing so without a clear understanding of how their workers comp premiums are calculated or whether they are competitively priced.<\/p>\n
\u201cWorkers compensation is not a one-size-fits-all product,\u201d said a spokesperson for Enforce Coverage Group<\/a>. \u201cThe difference between the right classification code and the wrong one can mean thousands of dollars in unnecessary premium costs every year. Our rate guide gives contractors the information they need to ask the right questions.\u201d<\/p>\n 2026 Rate Guide: What Contractors Will Find<\/p>\n The newly published guide provides a comprehensive breakdown of 2026 workers comp rates for New York contractors, with side-by-side comparisons between NYSIF rates and private market alternatives. Rates covered include:<\/p>\n Masonry & Concrete (Code 5022): NYSIF rate $19.95 per $100 of payroll \u2014 private market from $17.28 The complete guide includes rates for road construction, glaziers, elevator mechanics, fire alarm installers, landscapers, carpet installers, and dozens of additional trades serving the New York Tri-State market.<\/p>\n Understanding the Experience Modification Factor<\/p>\n One of the least understood \u2014 and most consequential \u2014 elements of any workers comp policy is the experience modification factor, commonly referred to as the e-mod. Calculated annually, the e-mod reflects a contractor\u2019s claims history relative to industry averages. A favorable e-mod reduces premiums. An inflated e-mod \u2014 often caused by reporting errors or misclassified claims \u2014 can add significant cost to a policy year after year.<\/p>\n \ufeff\ufeff<\/p>\n About the company: Enforce Coverage Group is an independent insurance brokerage headquartered in New York City, specializing in workers compensation for contractors, manufacturers, trucking companies, restaurants, and retailers. Licensed across New York, New Jersey, Connecticut, and Pennsylvania, the firm helps businesses reduce premium costs through expert policy audits, proper classification, and access to multiple carriers.<\/p>\n Contact Info: Release ID: 89186493<\/p>\n Information contained on this page is provided by an independent third-party content provider. XPRMedia and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact pressreleases@xpr.media<\/p>\n","protected":false},"excerpt":{"rendered":"New York contractors may be overpaying for workers compensation insurance without knowing it. Misclassified employees, unchecked experience modification…\n","protected":false},"author":2,"featured_media":172245,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[679,9,11,10,61622,682],"class_list":["post-172244","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-accessfree","tag-new-york","tag-new-york-headlines","tag-new-york-news","tag-sstspress-release","tag-typestory"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/172244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=172244"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/172244\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/172245"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=172244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=172244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=172244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nCarpentry NOC (Code 5403): NYSIF rate $17.28 \u2014 private market from $14.97
\nRoofing \u2014 Residential (Code 5545): NYSIF rate $15.27 \u2014 private market from $13.23
\nPainting (Code 5474): NYSIF rate $12.59 \u2014 private market from $10.90
\nSheet Rock & Wallboard (Code 5445): NYSIF rate $9.24 \u2014 private market from $8.00
\nIron & Steel Erection (Code 5057): NYSIF rate $8.64 \u2014 private market from $7.48
\nPlumbing NOC (Code 5183): NYSIF rate $5.54 \u2014 private market from $4.80
\nHVAC Duct Work (Code 5536): NYSIF rate $4.95 \u2014 private market from $4.29
\nElectrical Wiring (Code 5190): NYSIF rate $4.29 \u2014 private market from $3.72
\nContractor Executive Supervisor (Code 5606): NYSIF rate $3.25 \u2014 private market from $2.81<\/p>\n
Name: Patrick Scanlon
Email: Send Email<\/a>
Organization: Enforce Coverage Group
Address: 1 Pennsylvania Plaza, 36th Floor New York, NY 10119
Phone: (212) 947-4298
Website: https:\/\/www.enforcecoveragegroup.com\/<\/a><\/p>\n