The New York State Insurance Fund (NYSIF) was established in 1914 as part of the original enactment of the New York State Workers’ Compensation Law. NYSIF's mission is to guarantee the availability of workers’ compensation insurance at the lowest possible cost to New York employers and to provide timely, appropriate indemnity and medical payments to injured workers, while maintaining a solvent fund. Since inception, NYSIF has fulfilled the dual roles for which it was created: to compete with other carriers to ensure a fair market place and to be a guaranteed source of coverage for employers who cannot secure coverage elsewhere. NYSIF is the largest workers’ compensation carrier in New York State and among the top 10 largest workers’ compensation carriers in the nation, insuring approximately 155,000 policyholders, with more than $2 billion in annual premium and $18 billion in assets. A self-supporting insurance carrier, NYSIF operates without taxpayer funding. In addition to workers’ compensation insurance, NYSIF provides disability benefits coverage for off-the-job injuries to more than 61,000 New York employers. In 2018, NYSIF added Paid Family leave as a component of its disability benefits product, providing New Yorkers with job-protected, paid time away from work to care for their families.
View Top Employees from New York State Insurance FundWebsite | http://www.nysif.com |
Revenue | $1.8 billion |
Employees | 572 (559 on RocketReach) |
Founded | 1914 |
Address | 199 Church St, New York, New York 10007, US |
Phone | (212) 587-5435 |
Fax | (212) 587-3025 |
Technologies |
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Industry | Insurance |
Web Rank | 289042 |
Web Visits | 142770 |
Keywords | Workers Compensation |
Competitors | CopperPoint Insurance Companies, EMPLOYERS, SAIF Corporation, Texas Mutual Insurance Company, Zenith Insurance Company (United States) |
SIC | SIC Code 64 Companies, SIC Code 641 Companies, SIC Code 637 Companies, SIC Code 63 Companies |
NAICS | NAICS Code 525 Companies, NAICS Code 52519 Companies, NAICS Code 52 Companies, NAICS Code 5251 Companies |
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The New York State Insurance Fund annual revenue was $1.8 billion in 2024.
Kenneth Theobalds is the Chairman of the Board of New York State Insurance Fund.
559 people are employed at New York State Insurance Fund.
New York State Insurance Fund is based in New York, New York.
The NAICS codes for New York State Insurance Fund are [525, 52519, 52, 5251].
The SIC codes for New York State Insurance Fund are [64, 641, 637, 63].