Workers' Compensation Insurance Solutions

Our Carrier

New York State Insurance Fund

NYSIF Mission Statement

  • Provide timely and appropriate indemnity and medical payments to injured workers.
  • Ensure that all New York businesses have a market for workers' compensation insurance available to them at a fair price.
  • Maintain a solvent state insurance fund that is always available for New York businesses.
  • Be a competitive force in the marketplace and an industry leader in price, quality, and service.
NYSIF consists of two separate "funds" — the Workers' Compensation Fund, created in 1914, insuring employers against occupational injury and disease suffered by their employees, and the Disability Benefits Fund, established in 1949, which insures against disabling off-the-job sickness or injury sustained by employees.

NYSIF was created as part of the law to guarantee the availability at all times of workers' compensation protection at the lowest possible cost to any employer seeking coverage. The law requires that "such premiums in NYSIF shall be fixed at the lowest possible rates consistent with the maintenance of a solvent fund and of reasonable reserves and surplus."

NYSIF is a self-supporting insurance carrier that competes with private insurers in the workers' compensation and disability benefits markets. Operating income is derived solely from insurance premiums and investments. NYSIF is the largest provider of workers' compensation insurance in New York State.

NYSIF offers quality insurance plans for all New York businesses. Services include claims case management and workplace safety programs at no extra cost. If you have employees located in New York State, NYSIF may be able to help you control the costs and losses incurred by on-the-job injuries.

NYSIF by the numbers:
  • Seventh-largest WC insurer in the US (Source: NAIC 2016)
  • 46 percent market share of all WC insurance in New York State
  • National Leader in fighting WC Fraud: 68 arrests in 2015, resulting in restitution and estimated savings of $9.1MM
  • Currently managing nearly 132,000 open workers’ compensation claims.

Learn more about NYSIF.