Support / Frequently Asked Questions

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Disability Benefits Claim Information
Workers' Compensation Claims
Workers' Compensation Coverage
  How do I report overtime payroll when calculating my workers' compensation premium?
  We give an annual bonus at the end of the year; do I have to include this when calculating my workers' compensation premium?
  If I am paying premium for Workers' Compensation and Property Casualty overage, can I submit just one check?
  Do I receive interest on my Member's Deposit with the New York Lumbermen's Insurance Trust Fund?
  Is there a maximum payroll amount that should be reported on the monthly payroll report for Workers' Compensation?
  Can I, as an owner of the company, voluntarily cover myself for Workers Compensation and Disability Benefits?
  Why wasn't John Q. Logger on the Employee List when I have been paying WC on him?
  Do I need workers' compensation if I only hire subcontractors and do not have employees working for me?
  What is the minimum age to work in the forest products industry?
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Q: How do I report overtime payroll when calculating my workers' compensation premium?

A: Overtime wages are to be reported at the "straight" time rate. For example, if an employee's wage is $8 per hour and their overtime wage is $12, you only report the overtime at the $8 rate.


Q: We give an annual bonus at the end of the year; do I have to include this when calculating my workers' compensation premium?

A: Yes. Whatever month the bonus is paid, it would be included in that month's payroll/premium calculation. Payroll should include all forms of remuneration (i.e., vacation pay, bonuses, etc.).


Q: If I am paying premium for Workers' Compensation and Property Casualty overage, can I submit just one check?

A: No. It is important that you submit separate checks. Checks for Workers' Compensation should be made payable to New York Lumbermen's Insurance Trust Fund. Checks for Property Casualty coverage should be made payable to W. J. Cox Associates, Inc.


Q: Do I receive interest on my Member's Deposit with the New York Lumbermen's Insurance Trust Fund?

A: Every year you will receive an interest credit based on the prevailing interest rate that will be applied to future workers' compensation premiums due.


Q: Is there a maximum payroll amount that should be reported on the monthly payroll report for Workers' Compensation?

A: Yes. The maximum annual wage to be reported, per person, is as follows:

January 1, 2016 = $65,884 ($1,267 average weekly wage)


Q: Can I, as an owner of the company, voluntarily cover myself for Workers' Compensation and Disability Benefits?


A: Yes. Coverage for owners/partners can be added. The premium is based on annual remuneration in the appropriate classification, subject to the following limitations: the minimum annual remuneration will be $33,800 ($2,817 monthly), and will show as a separate line item on your monthly payroll reports.  The maximum payroll is as follows:

January 1, 2015 = $65,884 ($1,267 average weekly wage)


Q: Why wasn't John Q. Logger on the Employee List when I have been paying WC on him?

A: We cannot determine by the payroll report who should be on your Employee List. The Form to Add New Employees for Workers' Compensation and Disability Benefits Coverage needs to be completed and sent to our office within three days of hire to add an employee to your Employee List.  You may also add new employees on-line under the Clients Only tab: On-Line Client Access.


Q: Do I need workers' compensation if I only hire subcontractors and do not have employees working for me?

A: Yes. You are legally obligated to provide workers' compensation for anyone you hire, whether it be subcontractors (including truckers), family members, part-time or seasonal help.

Support

W. J. Cox Associates, Inc.
9600 Main St, Suite Three
Clarence, NY 14031-2093

Phone: (716) 759-9606
Fax (716) 759-9607
info@wjcox.com

Certificates of Insurance
certs@wjcox.com

Office Hours
Monday - Friday
7:30 AM -  4 PM EST