Workers Compensation Program

NYBSCO has arranged access for NYBA members of the Financial Services Workers Compensation Safety Group. The Safety Group is managed by Arthur J. Gallagher Risk Management Services, Inc. out of its Garden City  location.  The insurance carrier is the New York State Insurance Fund (NYSIF). Along with the attractive financial features, this Program provides excellent service. Arthur J. Gallagher Risk Management Services Inc. services include claims management for monitoring proper reserve levels, efficiency in closure, subrogation when eligible, assistance in completion of forms, review of experience rating and review of the accounting and contingent balances of the Safety Group for dividend declarations. The majority of members qualify for up-front discounts of 25% and the group has a long history of returning dividends.  The latest dividend declaration by the Safety Group for 2011 -12 year was a return of 40% of members premiums.  The New York State Insurance Fund provides direct billing to the members and members can request certificates of insurance on-line as well as the reporting of claims.

For more information on this valuable program, please call Lynn Cagnetta of Arthur J. Gallagher & Co, at (203) 642-0502 / e-mail:

Want more information?  Contact our Insurance and Member Services Division at 1-800-522-5607 or