What is Code Rule 60?
Code Rule 60 is a New York worker’s compensation reform act passed in 2007 with the purpose of reducing workers’ compensation premiums as a result of following certain employee health and workplace safety procedures, including any or all of the following programs: a safety program, a return-to-work program, and a drug and alcohol prevention program.
How can DOT-regulated fleets benefit from Code Rule 60?
The first year a New York based employer participates in Code 60 requirements, the company receives a 4% workers’ compensation credit for enacting a safety incentive program, a 4% credit for establishing a return-to-work program, and a 2% credit for putting in place a drug and alcohol prevention program.
What are the saving on workers’ compensation premiums?
The potential savings on workers’ compensation premiums are crystal clear. The first year, a company that installs all three workplace safety and loss prevention programs can save up to 10% on workers’ compensation premiums. A discount continues to apply for each year thereafter that a company is in compliance with Code Rule 60.
These premium reductions are mandated by the state and must be given if qualified under Code Rule 60, no matter who your insurance broker or carrier. DOT-regulated fleets generally have these elements of all three policies in place already, particularly the drug test aspect,so it’s possible that your fleet may already qualify for discounts under Code Rule 60. Workers’ compensation premiums for the transportation industry are very high and the 10% reduction in premiums can be a significant savings.
What are the requirements for Code 60 compliance?
To be eligible for workers’ compensation premium credits, an employer must:
- Pay a yearly minimum of $5,000 in workers’ compensation premiums
- Have an experience modified rating of under 1.30
- Be in current compliance with Code 59 if previously forced to participate in Code 59
- Institute one or more of the specified workplace safety and loss prevention programs
How can Mobile Health help?
Mobile Health conducts an initial consultation through your dedicated account manager, reviews your policies, puts together a team of certification experts, reviews your policies, and provides training in order to meet Code 60 workplace loss prevention certification. Contact us today for a free consultation on where your current policy stands in regard to being prepared for certification under Code Rule 60.
Mobile Health recently hosted a webinar on Code Rule 60 – to read a recap of the webinar and the questions asked at the webinar, visit here.
Please visit our Total DOT Solutions page to see how Mobile Health can help your fleet in other areas.
Why use Mobile Health? Discover the Mobile Health DOT advantage.