In today’s Albany Business Review, Krystle Morey highlights the small business community’s top priorities this legislative session. And what tops the list? You guessed it:
The Scaffold Law was designed to regulate workforce safety in the construction industry.
A new study released by the University at Albany and Cornell University says it’s doing the opposite, and costs are skyrocketing.
The law, exclusive to New York state, costs the private sector $1.5 billion annually, holding both contractors and property owners fully liable in the event of a “gravity-related injury,” regardless of who’s at fault.
Researchers discovered that the law is responsible for 677 workplace accidents and $785 million of public money being taken away from schools and local governments to foot the bill for lawsuits, legal costs and insurance.