Workers' Compensation Coverage
New York State Insurance Fund (NYSIF) Information
This information is provided by the New York State Workers' Compensation Board to give small businesses quick and direct access to workers' compensation information. It is not intended to serve as an endorsement of the New York State Insurance Fund or any other insurance carrier. The Workers' Compensation Board, New York State Insurance Fund and Compensation Insurance Rating Board (CIRB) are three separate and distinct entities.
The New York State Insurance Fund is a not-for-profit agency of the State of New York that was established in 1914 to provide a guaranteed source of workers' compensation insurance coverage at the lowest possible cost to employers within New York State. Despite its State agency status, NYSIF is a self-supporting insurance carrier that competes with private insurers. Just like any insurance carrier, the New York State Insurance Fund collects premiums from employers to pay for the claims and related medical expenses of employees who are injured on the job. The premiums are required by law to be fixed at the lowest possible rates, since NYSIF must provide coverage to any employer who seeks it, regardless of type of business, safety record or size. However, if an employer owes NYSIF money from a previous bill or account, coverage can be denied.
The New York State Insurance Fund web site can provide more information regarding:
- Types of Insurance
- Certificates of Insurance
- Get a Quote on a NYSIF Policy
- Apply for a NYSIF Policy
- Understanding your NYSIF Bill
- New York State Insurance Fund News
- New York State Insurance District Offices
- New York State Insurance Fund - Fraud Bureau
- New York State Insurance Fund's Return to Work Program
- New York State Insurance Fund Claims Guide for the Employer