Month: September 2025

Keevily Spero Whitelaw, Inc., Group Manager, is pleased to announce that Electrical Industries of New York State Workers’ Compensation Safety Group #489 has declared a 30% dividend for the 11/1/23 – 11/1/24 policy period. This dividend is in addition to the 32.5% discount qualified members will receive for the upcoming 11/1/25 – 11/1/26 policy period.  

This dividend and premium discount represent the continued strong performance of Safety Group #489.  Our member’s improved efforts to better control their Workers’ Compensation claims experience and reduce claim costs are paying off. 

The dividend will be issued by NYSIF the first week of October

If you have any questions about how Keevily can help you improve your firm’s safety record, please don’t hesitate to call on us! 

Thanks for your continued participation in the Electrical Industries of New York State Workers’ Compensation Safety Group #489. 

We want to make you aware of the upcoming changes to the Construction Classification Premium Adjustment Program (CPAP) that will apply to policies with an effective date of October 1^st, 2025, and later.

The New York Compensation Insurance Rating Board (NYCIRB) has redesigned the CPAP Program to increase participation in the program, shift the application burden to carriers, and to better compensate for wage discrepancies within different class codes. 

What’s Changing?

• No more CPAP application – carriers must gather wage and hour information during the audit and submit it to NYCIRB.
• Credits will be based upon annual payroll data, not a single quarter
• Estimated CPAP credits will be calculated at the time of quotation.
• Credits are now based on class code-specific wage thresholds, not a single wage table.
• Final credits will be determined by NYCIRB and applied to policies after the annual premium audit.

What does this mean for you right now? 

The current CPAP application that would have been filed for your 11/1/2025-26 policy is no longer to be used. Please do not submit a CPAP application to NYCIRB, NYSIF, or to Jeanine Cosentino, our NYCCPAP Coordinator for our Workers Compensation Safety Groups.

NYCIRB is still working on the final details of this redesign. As soon as we know more information, we will communicate with you on what the next steps are.