New York State Insurance Fund
Carrier website links, underwriting access points, mapped product lines, and appetite notes in one place.
This appetite summary is only a guide. Confirm eligibility, submission requirements, restrictions, and binding authority directly with the carrier or underwriter before relying on it.
Carrier appetite summary
NYSIF is New York’s state workers’ compensation carrier and, by statute, must offer coverage to any employer required to secure workers’ compensation in New York, regardless of business type, size, or loss history. It effectively serves as both a competitive and residual market for NY employers.([apps.wcb.ny.gov](https://apps.wcb.ny.gov/content/main/Employers/obtaining-insurance.jsp?utm_source=openai)) Preferred / target business: - Any employer with New York workers that needs statutory workers’ compensation coverage; NYSIF markets itself broadly rather than by narrow class appetite. NYSIF materials emphasize standard NY employers seeking convenient access to coverage, online self-service, and integration with NYS tax/payroll reporting.([apps.wcb.ny.gov](https://apps.wcb.ny.gov/content/main/Employers/obtaining-insurance.jsp?utm_source=openai)) - Policyholders with verifiable payroll and loss information (prior audits, tax forms, loss runs) that allow accurate classification and rating.([ww3.nysif.com](https://ww3.nysif.com/Home/InsuranceRepresentative/SubmitInsuranceApplication?utm_source=openai)) Restricted or declined classes: - By law, NYSIF cannot decline a New York employer solely due to type of business, safety record, or size; it must provide coverage when required under NY law. However, it may apply appropriate ratings, deposits, and underwriting conditions in line with NYCIRB rules and its own internal guidelines.([apps.wcb.ny.gov](https://apps.wcb.ny.gov/content/main/Employers/obtaining-insurance.jsp?utm_source=openai)) - For multi‑state coverage provided via partner insurers, eligibility is restricted. Employers must (a) maintain an active NYSIF NY workers’ comp policy, (b) satisfy premium or payroll predominance tests (NY premiums or payroll must exceed out‑of‑state in aggregate for the prior period), and (c) meet NYSIF’s specific underwriting criteria for other‑states coverage.([legislation.nysenate.gov](https://legislation.nysenate.gov/pdf/bills/2019/s7505a?utm_source=openai)) Geographic notes: - Core coverage is for New York State operations and employees. NYSIF is a NY state fund and issues policies governed by NY workers’ compensation law and NYCIRB rating rules.([apps.wcb.ny.gov](https://apps.wcb.ny.gov/content/main/Employers/obtaining-insurance.jsp?utm_source=openai)) - Multi‑state or other‑states coverage, when needed, is arranged through agreements with licensed insurers and is available only when the insured’s NY exposure predominates as defined by statute and NYSIF eligibility criteria.([legislation.nysenate.gov](https://legislation.nysenate.gov/pdf/bills/2019/s7505a?utm_source=openai)) Submission requirements (workers’ compensation new business via brokers/agents): - Use NYSIF eQuote first to request a workers’ compensation quote, then complete the NYSIF eApplication electronically. Clients can digitally sign and pay the deposit online.([ww3.nysif.com](https://ww3.nysif.com/Home/InsuranceRepresentative/SubmitInsuranceApplication?utm_source=openai)) - All applications must: - Be fully completed. - Be signed by an officer/owner of the applicant’s business. - Include a premium deposit.([ww3.nysif.com](https://ww3.nysif.com/Home/InsuranceRepresentative/SubmitInsuranceApplication?utm_source=openai)) - If the applicant is not a new employer, submit 5 years of loss runs plus one of the following as payroll verification with the application: - Prior carrier premium audit bill showing classifications and payrolls for the most recent term; or - Copies of Federal Form 941 for the last four quarters; or - Copies of NYS Tax Form NYS‑45‑MN for the last four quarters.([ww3.nysif.com](https://ww3.nysif.com/Home/InsuranceRepresentative/SubmitInsuranceApplication?utm_source=openai)) - Effective date: for approved eApplications, coverage becomes effective at 12:01 a.m. Eastern Time the day after NYSIF receives the electronically signed application and electronic premium deposit. For mailed submissions, effective the day after the postmark (or a later requested date), subject to approval.([ww3.nysif.com](https://ww3.nysif.com/Home/InsuranceRepresentative/SubmitInsuranceApplication?utm_source=openai)) Broker / producer notes: - Brokers, agents, and authorized representatives can submit workers’ comp applications on behalf of clients using NYSIF’s eApplication and eQuote tools.([ww3.nysif.com](https://ww3.nysif.com/Home/InsuranceRepresentative/SubmitInsuranceApplication?utm_source=openai)) - Underwriter contact: producers and prospects can locate the correct workers’ compensation underwriter either by NYSIF policy number (for existing policies) or by entering the primary NY ZIP code for new business or pending quotes on NYSIF’s "Get Policy Help" and "Find a Workers’ Compensation Underwriter" tools.([nysif.com](https://www.nysif.com/SIFWCDBLSERVICES/UnderWriterLookupbyZip.aspx?utm_source=openai)) - Certificates of insurance: NYSIF issues workers’ compensation evidence on form U‑26.3 (rather than the C‑105.2 used by private carriers) when proof of coverage is required for permits, licenses, or contracts. Brokers should ensure requestors accept the U‑26.3 form for NYSIF‑insured employers.([wcb.ny.gov](https://www.wcb.ny.gov/content/onlineforms/obtainC105.jsp?utm_source=openai)) Operational considerations: - NYSIF operates on standard NY workers’ comp rules (class codes, experience rating, and assessments determined via NYCIRB and WCB), and emphasizes accurate payroll reporting and cooperation with audits as key premium drivers.([apps.wcb.ny.gov](https://apps.wcb.ny.gov/content/main/Employers/obtaining-insurance.jsp?utm_source=openai)) - Employers unable or unwilling to maintain private coverage remain eligible with NYSIF; treat NYSIF as the default market for difficult NY risks, but anticipate higher deposits, tighter audit scrutiny, and reliance on statutory rating rather than discretionary pricing. Internal, detailed underwriting criteria by class are not publicly posted; producers should contact the assigned underwriter early for any non‑standard operations or complex multi‑state needs.([nysif.com](https://www.nysif.com/SIFWCDBLSERVICES/UnderWriterLookup.aspx?utm_source=openai))