The construction industry may not make a major comeback any timesoon in New York State, where labor laws as applied to the construction insurance business are doubling rates and driving carriers away, experts say.
Insurance rates in the state have risen steadily over the past five years, since the New York lawmakers enacted statutes to its Workers Compensation Law to give broader rights to injured construction employees.
Insurance rates in the state have risen steadily over the past five years, since the New York lawmakers enacted statutes to its Workers Compensation Law to give broader rights to injured construction employees.