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Glossary of WCB Terms

Self-Insurance Program


New York State employers are required to provide workers' compensation and disability benefit coverage to their employees. The Workers' Compensation Law states that employers may provide this coverage in one of the following ways: (1) by insuring and keeping insured the payment of such compensation in the State Insurance Fund; (2) by insuring and keeping insured the payment of such compensation with any insurance carrier authorized to transact such business in New York State; or (3) by becoming self-insured.

Employers who wish to self-insure for either workers' compensation or disability benefits must apply to and be approved by the Board's Office of Self Insurance. As part of this process, each approved self-insurer must post with the Board a security deposit (cash, securities, letter of credit and/or surety bond), which will be used in the event that the self-insurer defaults on their obligation to provide benefits to their employees.

For more information about the Self-Insurance Program, please contact the Self-Insurance Office

State of New York
Workers' Compensation Board
Self-Insurance Office
328 State Street
Schenectady, NY 12305-2318
(518) 402-0247