More Codes Auto-Quote Eligible

Our list of classification codes now eligible to receive a NYSIF Auto Quote has expanded to nearly 100, comprising multiple industry groups, including some low-risk construction codes.

 

“This change aligns with our efforts to improve customer service and make it easier for employers to do business with NYSIF,” Director of Underwriting Steve Bell said.

Introduced in January 2019, Auto Quote provides automatic, instantaneous workers’ comp insurance quotes for certain non-construction class codes identified as low risk.

 

Since then, we have increased the number of class codes that are eligible for Auto Quote, included more contracting codes, and added standard exception classifications, which include occupations common to many businesses. Auto Quote is also now equipped with keyword functionality to limit the risk of improper classification.

 

Auto Quote Expansion

 

The expanded class codes cover a multitude of businesses in manufacturing, wholesale and retail, and service industries. In addition, minimum premium requirements for some of these class codes no longer apply.

 

“This allows more customers to receive quotes at their convenience, anytime of the day or night, and in less time than ever before,” NYSIF Business Manager Tom Racko, who heads Underwriting Quality Assurance and Review, said.

 

The additions to the list of eligible class codes are the latest development for our Underwriting department, which has released a spate of new technology over the past 18 months meant to facilitate the ease of doing business with us.