The New York State Workers' Compensation Board regulates self-insurance group formation. The staff at NCAComp can help create an approved self-insurance group for you by providing the following services:
- Analysis of payroll, rate, and loss history to determine the feasibility of a self-insurance group program for you.
- Regulatory compliance work is performed to ensure that you or your group will qualify as a self-insurer under New York State Workers' Compensation Board rules.
- We will also develop customized rating plans and safety dividend plans to give self-insurance group members the greatest incentive possible to reduce their losses.