The Trucking Association of New York Workers’ Compensation Safety Group was established in 2011 to provide TANY member the opportunity to reduce their workers’ compensation costs through a 20 percent premium discount and Safety Group dividends. Safety Group members received a 7.5 percent dividend in 2017 and a 10 percent dividend in 2018.
Safety Groups are workers’ compensation insurance programs that are underwritten by the New York State Insurance Fund (NYSIF). 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 for group members to operate safely, the State Fund returns generated savings 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. Unlike a group trust program, there is no joint and several liability in a safety group.
Keevily Spero Whitelaw Insurance manages and runs the Safety Group and is able to provide quotes on workers’ compensation insurance for TANY members at a significant discount.
For more information contact Mike Cryan at (716) 250-4291.