Workers’ Compensation Insurance
Safety Group 505 was created by NYSRA members in conjunction with the New York State Insurance Fund (NYSIF). The purpose of the Safety Group is to provide premium savings to policyholders and to promote a safe work environment.
- Up to 35% discount on premium for businesses that qualify
- Safety Group 505 paid members a 30% dividend for 2022
- Average annual savings of 40-45%
- Members have received dividends for 36 consecutive years – totaling over $100 million
- PAYGO – No down payment. Premiums are based on your payroll in real-time.
For more information, contact Jennifer Romanski at 800.452.5212 or jenniferr@nysra.org.