Welcome to the New York State Insurance Fund
The New York State Insurance Fund (NYSIF) was established in 1914 as part of the original enactment of the New York Workers' Compensation Law. The Fund's mission is to guarantee the availability of workers' compensation insurance at the lowest possible cost to employers while maintaining a solvent fund, as well as provide timely and appropriate indemnity and medical payments to injured workers. NYSIF is a self-supporting insurance carrier that competes with private insurers in both the workers' compensation and disability benefits markets in New York State.
NEWS & MEDIA
NYSIF Workers' Comp AdvisorFebruary 2, 2018
NYSIF Introduces Shorter, Faster eApplication
Our new, streamlined eQuote and electronic application significantly reduces the time it takes to apply for workers’ compensation insurance and receive a quote. The new eApplication offers fewer questions and a fully electronic, one-step process. Employers and brokers can now expect a more efficient application and quicker quotes, allowing NYSIF to bind coverage and respond to New York businesses at a faster pace. Read more.
NYSIF Paid Family Leave (PFL)December 13, 2017
ATTN: Self-Employed Individuals with No Employees NYSIF recently sent a letter advising self-employed individuals who wished to voluntarily opt in to DB & PFL that they would need to seek approval from the Workers’ Compensation Board prior to obtaining coverage. WCB recently notified NYSIF that any self-employed individuals with no employees are pre-approved for DB and PFL and no additional approval needs to be sought from the WCB. Self-employed individuals may include sole proprietors, members of limited liability companies or limited liability partnerships or other self-employed persons. If you wish to add coverage, you must contact your underwriter via email.
Are you a NYSIF Disability Benefits/Paid Family Leave policyholder? Be on the lookout for NYSIF's PFL Welcome Packet, being mailed now. Your PFL coverage becomes effective January 1, 2018.