Cost-Saving Ideas: Managing Workers' Compensation Costs
You must provide your employees workers’ compensation coverage as a mandatory benefit. Local governments can get insurance for workers’ compensation in one of four ways:
- Purchase a policy from a private sector insurance carrier
- Purchase a policy from the New York State Insurance Fund
- Become self-insured as authorized by the Workers' Compensation Law
- Participate in a county self-insurance plan as authorized by the Workers' Compensation Law