What is a NY state Fund Safety Group?
Answer. A State Fund Safety Group is a cost-plus plan for Workers’ Compensation Insurance producing low-cost non-profit coverage for groups of employers with similar operational hazards. As an incentive to Group Members to practice safety, the State Fund returns the savings generated this way in the form of dividends to the Group Members. Hence, every dollar saved by a prevented or properly managed claim is a whole dollar returned to Group Members.
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