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Workers' Compensation Program

Cost Comparison

January 25, 2007

Sample Retail Group

Code

Description

Payroll

Rate**

Premium

8017

Retail Store

$429,200

2.33

$10,000

Total

 

$429,200

 

$10,000

 

 

Standard
Carrier

vs.

State Ins. Fund
Group #556

Policy Period

Annual

 

Annual

Standard Premium

$10,000

 

$10,000

Experience Modification

0.91

 

0.91

Modified Premium

$9,100

 

$9,100

Premium Discount

($446)

 

($2,275)
25%

Expense Constant

$200

 

$200

Foreign Terrorism

$146

 

$146

Domestic Terrorism

$43

 

$43

Net Premium

$9,043

 

$7,214

Administration Fee

N/A

 

$728

NYS Assessment (18.6%)

$1,645

 

$1,305

NY Security Fund

$214

 

N/A

Premium w/out Dividend

$10,902

 

$9,247

Dividend*

$0

 

($2,676)
37.1% (Average since 1992)

Premium with Dividend*

$10,902

 

$6,570

 

 

 

 

You Save $4,331

 

Dividend History

2005-06

35.0%

2004-05

35.0%

2003-04

35.0%

 

 

*Dividends are not guaranteed First Rehabilitation Co.  $1.85/male  $4.10/female per month    **effective 10/1/06

Learn more at www.friedlandergroup.com/demo

 

 

 

 

 

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This website is provided for information only. It is not intended as a solicitation of insurance in any state other than New York.

 


Friedlander Group®, Inc.
2500 Westchester Ave., Suite 400A
Purchase, N.Y.
  10577
Phone: (914) 694-6000
Fax: (914) 694-6004
email: adamf@friedlandergroup.com