About Workers' Compensation

Workers' compensation insurance protects employers from liability for on-the-job injuries resulting in employee disability or death, providing injured workers with monetary relief and medical benefits, or, in the case of death, survivor benefits to their dependents.

The Workers’ Compensation Law became effective in New York on July 1, 1914. The law is administered by the NYS Workers’ Compensation Board and specifically spells out the employers obligations as well as who is covered by the law. Under the law, an employer is obligated to provide workers’ compensation in one of three ways:

1. By buying insurance from The New York State Insurance Fund (NYSIF);
2. By insuring with a private insurance carrier, or
3. By self-insuring.

NYSIF is a competitive insurance carrier available to any business with employees in New York State. NYSIF sells only workers’ compensation and disability benefits insurance. By law, it is required that workers’ compensation premiums offered by NYSIF are fixed at the lowest possible cost sufficient to maintain a solvent fund.

Learn more:

Employers' Workers' Compensation Obligations

NYSIF Services

NYSIF Insurance Plans

NYSIF Safety Groups

NYSIF’s Other Insurance Products

Risks of Self-Insurance

Cost of Not Insuring

Understanding Workers' Comp. Premium

Obtaining a Quote

Submitting an Application

Workers' Compensation Coverage