Financial Services Safety Group

Save up to 60% on your workers' compensation premiums in the Financial Services Safety Group of New York - Safety Group #558

WHAT IS THE FINANCIAL SERVICES SAFETY GROUP?

The Financial Services Safety Group is a collection of safety-conscious financial services agencies in New York State that receive low-cost, fully insured workers' compensation insurance through the New York State Insurance Fund.

Eligible members include insurance agencies, securities firms, banks, financial institutions, credit services, accounting firms, banking and trust companies, insurance companies, and clerical service contractors providers located in New York State that have a proven track record of safety. 

Subject to loss history, qualifying members may receive an upfront group discount of up to 35%. The individual premiums of the group members are pooled and, after paying claims and expenses, the profits of the group are returned to members in the form of a dividend.

Since 1994, our average paid dividend to financial service providers is 39%. 

WHO QUALIFIES?

Financial services providers with the following payroll classification codes qualify for the Financial Services Safety Group of New York #558:

  • 8810 Clerical (restricted to insurance agencies, securities firms, banks, financial institutions, credit services, and accounting firms)
  • 8855 Banking and Trust Companies (All Empl.) - Clerical and Sales and Drivers
  • 8723 Insurance Companies and Clerical and Salespersons
  • 8803 Clerical Service Contractor - Traveling

HOW DO FINANCIAL SERVICES PROVIDERS BENEFIT?

Members of the Financial Services Safety Group of New York save up to 60% on their workers' compensation premiums through a combination of upfront discounts and dividends. Clients in this group capture additional savings on their premiums through Friedlander Group's comprehensive Claims Solutions™ Services and other unique services.

Group Discounts

Qualifying members may receive up to a 35% group discount just for joining. 

Dividends

Since 1994, the average dividend paid to members is 39%.


DIVIDEND HISTORY

Unique Services

Clients enjoy comprehensive services that help further reduce their workers' compensation costs. 


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WHAT ARE UNIQUE SERVICES?

Clients enjoy our comprehensive services that help further reduce their workers' compensation costs, including:

Lowest Prices

We negotiate the lowest prices for our clients with the New York State Insurance Fund.

Claims Solution Services

Comprehensive claims management & aggressive reserve reductions by a dedicated claims solutions consultant. 

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SWAT Team

Helping employers fight against fraud by preemptively & aggressively containing and combating suspicious, fraudulent and high exposure claims.

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Executive Action Report

Actionable and customizable reports that enable clients to significantly reduce claims and premium by identifying patterns of root cases and eliminating them.

Culture of Caring

Creating an environment for maximized employee productivity & profits by using strategies to communicate that management cares for their employees.

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Audit Services

Friedlander's audit specialist has generated over $10 Million in additional premium savings by helping clients with their workers' compensation audits.

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Safety Solutions

Professional guidance on how to organize and run safety committee meetings. On-site safety training, loss control, seminars, video library & posters.

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Experience Mod Review

Have your prior experience modification ratings expertly reviewed. You pay nothing unless we save you money!

WHO ARE WE?

Friedlander Group is the leader in workers' compensation for Retailers, Wholesalers, Restaurants, Hotels, Oil Dealers, Financial Services, Social and Health Services, and Residential Care Facilities in New York State. As the manager of eight Safety Groups underwritten by the New York State Insurance Fund, we have saved thousands of clients over $600 Million in workers' compensation costs since 1992.

Friedlander Group's mission is to maximize our clients’ productivity and profits by keeping their employees working and safe.

Read what our happy clients have to sayhere

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