Switch back to WCC classic look

WorkCompCentral – Workers' Compensation Education, Courses, News and Information

Call or email us anytime
(805) 484-0333
Search Guide
Today is Friday, September 18, 2020 -

News Articles

Horse Racing Industry Launches High-Deductible Comp Plan to Reduce Costs

  • State: New York
  • Topic: NORTH
  • - Average time spent on item: 14 minutes
  • - Popular with: Insurance

New York's state's horse racing industry, stalked by high workers' compensation premiums in the past, has announced a unique, high-deductible plan designed to reduce costs.

The New York Jockey Injury Compensation Fund said the program is contingent on the renewal of legislation now in place that establishes a base premium charge of $1,000 and no fees for trainers for the first 12 stalls, according to a racing industry news site.

Trainers will also continue to receive a credit for starts at one racetrack, which can be used to offset the cost of the base charge and additional stall fees, said Joe Applebaum, president of the fund and the New York Thoroughbred Horsemen's Association.

The plan is the latest effort to cut comp costs for an industry that has struggled with injuries and high premium costs. In the last two years, the fund has lowered costs for jockeys and exercise riders by $4,000 per trainer and $500 per owner, and has reduced premiums for other workers, officials said.

The pending legislation, similar to a measure that was part of the state budget last year, will allow $2 million from the purse cushion to continue to be used to pay for workers' compensation for jockeys and exercise riders.

"We are relying on our representatives to provide us the tools we need to make New York state a great place to race,” Applebaum said. “Without the ability to use industry funds to alleviate the cost of workers' compensation, the rate hikes would literally put horsemen out of business."

No Comments

Log in to post a comment


Do not post libelous remarks. You are solely responsible for the postings you input. By posting here you agree to hold harmless and indemnify WorkCompCentral for any damages and actions your post may cause.

Featured Video

Upcoming Events

  • Sep 22, 2020

    NCSI 2020 Webinar Series

    Since our in-person meeting has been canceled we have shifted to a webinar series that will includ …

  • Sep 22-23, 2020

    The Path Forward: An Out Fron

    COVID-19 has forced the industry to make major adjustments and adaptations to the way we operate, …

  • Sep 23, 2020

    National Review Roundtable wit

    The National Association of Independent Review Organizations invites you to join us for a FREE web …

Workers' Compensation Events

Social Media Links

WorkCompCentral Workers' Compensation
News and Education
4081 Mission Oaks Blvd
Camarillo, CA 93012
(805) 484-0333