What Business Owners Must Know About Workers’ Compensation

FAQ      Classes of Businesses Served      NYS Employer’s Handbook

Workers Compensation Insurance

Who Needs Insurance?

DRickard Insurance can find worker's compensation for probably every legitimate business in New York State. The best thing about what we can do for you is search the many insurers we work with to find you the best pricing for your business. Sometimes Workers Compensation Insurance is referred to as Employer's Liability Insurance. Worker's Compensation Insurance is not one price fits all. The reality is that the prices vary widely from one insurer to the next depending on how well they are managing their book of business and how well they understand your industry. So, it really pays to explore your options with DRickard Insurance workman's compensation insurance markets.

With so many classes of businesses we serve with workers compensation products we can no longer list all of them on this page. This link will take you to a partial list of company types we can currently serve. It is best to contact us to see what we can do for your business. Time management is key to successfully running a business and we want to help you with that. When contact us we search through multiple insurance companies offerings to find the pricing that is best for you, saving you the time you would spend if you went to each of the companies' agents separately. Contact us at 607-843-8860 or insurance@drickardinsurance.com.

There is no need to consider the New York State Insurance fund as the only source for this valuable and legally mandated insurance product. We have found workers compensation insurance products for new businesses that qualify for worker's compensation insurance from independent insurance companies.

The more experience you have in your field of endeavor as a manager the better the chances are that we can find you better priced products without broker's fees being charged in addition to all of the fees and premiums that you may pay for your employer insurance obligations.

FAQ

Advice from New York State about purchasing Workers Compensation Insurance.

• Do I have to buy my Workers Compensation insurance from the New York State Insurance Fund?
• Are all Workers Compensation premiums are the same?
• I do not have any payroll and I am being required to get Workers Compensation Insurance, what can I do? The number 1 most FAQ!
• How can DRickard Insurance help me with Workers Compensation Insurance?

Question: Do I have to buy my Workers Compensation insurance from the New York State Insurance Fund?

The answer is: No, in fact, we have many insured Workers Compensation Insurance solutions for hundreds of types of businesses that do not involve NYSIF at all.

Question: Are all Workers Compensation premiums are the same?

Answer: No, Workers Compensation premiums are not the same. Therefore it pays to shop for the best prices and options to fit your needs. Contact us at 607-843-8860 or insurance@drickardinsurance.com so we may help find you a good match from the many insurers that we have found that offer Workers Compensation Insurance alternatives to NYSIF.

Question: I do not have any payroll and I am being required to get Workers Compensation Insurance, what can I do?

The answer is: This is not a rare occurrence and there are a few solutions to this situation. We will only focus on the insurance solutions. However, we no longer have an insurer that will issue an if any certificate only policy. So, a solution is to buy workers compensation insurance on the sole proprietor, only worker in the company. The NYSIF is one source for this kind of coverage. We do charge a fee for working with NYSIF. Please contact us for more details at 607-843-8860 or insurance@drickardinsurance.com.

Question: How can DRickard Insurance help me with Workers Compensation Insurance?

The answer is: Some of the ways we may help you are:

• Representing you to the New York State Insurance Fund as your insurance broker

• Seeing if your business qualifies to be insured for workers compensation by one or more of the many insures we have access to or are an agent for.

• Finding the billing plan that fits you best. Such as "pay as you go" billing that allows you to make smaller, more frequent payments that are based on actual payroll as reported by your payroll company and not an estimate. This eliminates large down payments, improves your cash flow and minimizes surprises.

• We may work with your payroll service to help them qualify as a certified payroll company so they may help you qualify for a "pay as you go" billing plan.

• Help you find fully insured safety plans of affinity groups for businesses like yours that have the possibility of paying dividends back to its members. (Not all business types have affinity groups with this benefit.) Choosing fully insured solutions help you to avoid joint and several liability issues.

We may be able to help you with any class of occupation with Workers Compensation Insurance. Acting as an insurance broker we may help you set up or manage a policy with the New York State Insurance Fund (NYSIF), we do charge a fee to do this.

When ever possible we try to find Workers Compensation Insurance solutions that do not involve NYSIF. There are many opportunities not involving the fund. Here is a partial list, if you don't find the business you are looking for here call us we might still be able to help you. There are many different rules from insurer to insurer so even if you do see you business class in this list call us for the rules and details for acquiring this state mandated coverage. (Remember to as an employer in New York State you will also need NYS DBL and Unemployment insurance, these are separate from Workers Compensation.)

Classes of Business Served

We serve business of many types in New York State with Worker's Compensation insurance. We find our best results with Food Services such as Delis, Restaurants, Stands, Bakeries, and Pizzarias.

Offices of nearly every type find a happy home with DRickard Insurance.

Retail, Hospitality and Service businesses are served well too.

It may be easier to look at the list of businesses we serve to find the one that fits you best.

Safety Groups

Have you heard of Safety Groups? If you qualify placing your workers compensation insurance through a safety group can save you a large percentage by year end!  We've found Safety Groups and Risk Managers for a variety of workers compensation class codes. Contact us for more information at 607-843-8860 or insurance@drickardinsurance.com.

Call us for Worker's Compensation Insurance premium savings ideas at 607-843-8860.