Background
Who would say no to having the NYSDOL put some money back in your company’s pocket? With Industrial Code Rule (ICR) 60, Gotham Safety & Loss Prevention will provide you with a NYSDOL Certified Safety Specialist who can help you through the application process and help you save up to 10% on your Workers’ Comp Premiums going forward.
Learn more about this process by clicking the tabs below.
Savings Breakdown
Eligibility Requirements
Employers must meet the following criteria to first achieve and remain eligible to receive the savings:
- • Maintain an Experience Modification Rating (EMR) under 1.30 and;
- • Pay an annual Workers’ Comp Insurance Premium of at least $5,000 and;
- • Do not belong to a recognized Safety Group through the New York State Insurance Fund (NYSIF) other than Group 90 and;
- • Implement and maintain the 3 programs listed above (Gotham Safety & Loss Prevention will develop these on your behalf)
Process
Gotham Safety & Loss Prevention has a great deal of experience with the NYSDOL’s ICR 60 Program and has a proprietary process in place to ensure your firm will receive the credits you deserve! Our process includes:
- • Reviewing any existing Safety, Return to Work, or Drug and Alcohol Prevention Programs you may already have
- • Making revisions to existing Programs to ensure everything meets NYSDOL specs OR creating your 3 Programs from scratch if you don’t currently have any
- • Handling all communication between your firm and the NYSDOL
- • Developing any additional information or documentation requested by the NYSDOL during the review process
- • Guiding your firm through the informal site visit from NYSDOL, the last step before your credits are awarded
Benefits
Why should your firm pursue the ICR 60 Program credits and put your faith in Gotham Safety & Loss Prevention to help get you there?
- • Credits are available to all New York companies regardless of industry
- • Our industry-leading staff of safety professionals have the NYSDOL certifications required to help businesses like yours apply for the credits and successfully navigate the ICR 60 process
- • We handle everything for you every step of the way including all communication to the NYSDOL
- • We boast a 100% conversion rate of companies we help apply successfully receive their credits
- • There is ZERO risk to your firm by undergoing this process. We bill on a contingency fee basis with fully refundable deposits. If we don’t get you your credit we don’t get paid -- it’s that simple!
Case Studies
Here are some examples of savings we were able to achieve for our clients through the ICR 60 Program:
Industry: Construction
Workers’ Comp Premium: $1.9M
Credit Obtained (Year 1): 10%
Savings (Year 1): $190,000
Credit Obtained (Beyond Year 1): 6%
Annual Savings (Beyond Year 1): $114,000
Industry: Manufacturing
Workers’ Comp Premium: $805,000
Credit Obtained (Year 1): 10%
Savings (Year 1): $80,500
Credit Obtained (Beyond Year 1): 6%
Annual Savings (Beyond Year 1): $48,300
Industry: Healthcare
Workers’ Comp Premium: $132,000
Credit Obtained (Year 1): 10%
Savings (Year 1): $13,200
Credit Obtained (Beyond Year 1): 6%
Annual Savings (Beyond Year 1): $7,920
No matter the size of your company, we work with you to ensure you receive the savings you deserve!
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