Overview of the New York Workers Compensation Insurance Program
Novatae Risk Group offers a robust New York Workers Compensation Insurance Program designed to support agents and brokers in placing complex, high-risk, or hard-to-place accounts. Whether your client is a startup with no prior coverage or a large company in a high-hazard industry, this program provides flexible solutions tailored to the unique challenges of the New York market and surrounding states.
Ideal Accounts and Appetite
This program is ideal for accounts that may not qualify for standard markets, including those with:
- Experience Mods of 1.30 or higher
- High-hazard or tough class codes
- Blue, gray, and white-collar operations
- Placement in state pools or assigned risk funds
- Distressed, lapsed, or non-renewed policies
- New ventures and startups
- Multi-state operations, especially those based in or including New York
You might have a client such as a road construction firm with prior losses or a staffing agency with multi-state workers—both are examples of accounts that could be eligible under this program.
Coverage Highlights and Program Features
- Fast turnaround times for quotes and submissions
- Access to multiple “A” rated carriers, including Hartford and Zurich
- Stand-alone Workers Comp policies available
- Guaranteed cost plans and integrated solutions
- Non-PEO and PEO/employee leasing options
- High deductible, dividend, and retroactive rating plans
- Consent to rate expertise
- Custom account handling and client check-writing options
Sample Eligible Classes
- Agriculture
- Assisted Living
- Bridge & Road Construction
- Carpentry
- Concrete & Asphalt
- Dirt Work
- Elderly Care Facilities
- Excavation
- Farms
- In-Home Care
- Iron & Steel
- Line Maintenance
- Logging
- Machine Shop
- Maid Services
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- Manufacturers
- Masonry
- Non-Profit Organization
- Nursing Homes
- Oil & Gas
- Paving
- Pipeline
- Retail
- Roofing
- Sawmills
- Services
- Sheet Metal
- Staffing Companies
- Tower Erection
- Trucking & Transportation
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Submission Requirements
- Completed ACORD 130 application
- 3–4 years of loss runs
- Details on any large losses
- Supplemental questionnaire
Territories and Market Access
This program is available in New York, as well as surrounding states including Connecticut, Massachusetts, New Jersey, Pennsylvania, Rhode Island, and Vermont. With access to both admitted and non-admitted markets, Novatae Risk Group can structure solutions that meet your insured’s needs while maintaining flexibility across jurisdictions.
Why Work With Novatae Risk Group?
As a seasoned Managing General Underwriter and Excess & Surplus Lines Broker, Novatae Risk Group brings deep underwriting expertise and access to several top-rated carriers. Their team specializes in complex and distressed Workers Compensation risks, offering responsive service, creative structuring, and a consultative approach. Whether you’re placing a start-up roofing contractor or a multi-state manufacturing group, Novatae can help you secure the right coverage and structure.
Do you need a New York Workers Compensation Insurance Quote?
Send an email to [email protected] with your coverage needs or call 800-758-8113 to speak to an underwriter immediately.
Frequently Asked Questions
What types of accounts are a good fit for this Workers Comp program?
This program is ideal for high-hazard classes, distressed accounts, businesses with high MODs, new ventures, and those placed in state funds or pools. It also supports multi-state exposures.
Can I submit accounts that have been cancelled or non-renewed?
Yes, Novatae specializes in helping agents place lapsed, cancelled, or non-renewed Workers Comp policies, including those with gaps in coverage.
What documentation is required to submit an account?
You’ll need a completed ACORD 130, 3–4 years of loss runs, details on large losses, and a supplemental questionnaire.
Do you offer stand-alone Workers Compensation policies?
Yes, Novatae offers stand-alone Workers Comp solutions, as well as integrated and high-deductible options to meet different client needs.
In which states is this program available?
This program is available in New York, Connecticut, Massachusetts, New Jersey, Pennsylvania, Rhode Island, and Vermont.
Need help placing an account? Connect with a market specialist.