Workers Comp Cost in New York
2026 rates — mandatory for most New York employers
Calculate Your New York Workers Comp Cost
Workers Comp Rates by Industry — New York 2026
| Industry Class | Risk Level | Rate / $100 payroll |
|---|---|---|
| Clerical / Office (8810) | Very Low | $0.20 – $0.45 |
| Retail / Wholesale (8017–8018) | Low | $0.80 – $2.00 |
| Restaurant / Food Service (9082) | Moderate | $1.50 – $3.50 |
| Light Manufacturing (3632) | Moderate | $2.00 – $5.00 |
| Trucking / Delivery (7219–7231) | High | $4.00 – $8.00 |
| Construction / Carpentry (5645) | High | $5.00 – $12.00 |
| Roofing (5551) | Very High | $8.00 – $18.00 |
Rates are advisory/illustrative. Actual New York rates vary by carrier, your specific class codes, and Experience Mod.
Workers Comp in New York — Key Facts
1. New York Requirement & Market
Mandatory: YES — required for all employers with any W-2 employees
Market: New York State Insurance Fund (NYSIF) + private market
New York has some of the highest workers' comp costs in the country. NYSIF (NY State Insurance Fund) provides coverage for all employers regardless of risk — useful for businesses that have difficulty getting private coverage. New York also has a separate Disability Benefits Law (DBL) and Paid Family Leave (PFL) that employers must provide. NYC businesses face additional cost pressures from high wages driving premium calculations.
2. Top Cost Tips for New York
New York employers: NYSIF is the insurer of last resort but often not the cheapest for lower-risk businesses. Compare private carriers for office and professional services operations. Manage your Experience Mod by implementing safety programs and promptly reporting (and managing) any claims.
Compare Workers Comp Quotes in New York
Rates vary 20–40% between carriers for identical coverage. Compare before your next renewal.
New York Workers Comp Summary
- →Avg rate: $2.50 per $100 payroll
- →$500K payroll: ~$11,400/yr avg risk
- →Cost vs national: above average
- →Mandatory: Yes