New York Farm Bureau
What Is Safety Group 486?
Times are tough enough without having to worry about who to trust with your workers’ compensation insurance. The New York Farm Bureau® Safety Group 486 was started by farmers who understood the need for safety, security, and competitive pricing. Since 1967, we have been providing just that.
Our program works very simply. Members of Safety Group 486 are eligible to receive a dividend each year. The dividend comes from the money left over each year after our group has paid its losses. Depending on the amount of claims paid out, the safety group could potentially refund a major portion of policyholder premiums.
Why Join Safety Group 486?
¨ Be eligible for an up-front discount up to 20%.
¨ Get a deferral of your assessment charge until the following year.
¨ Be eligible for a dividend check each fall that has averaged 31 percent over the past five years.*
¨ Get free safety inspections to protect you, your employees, and your business.
¨ Enjoy the security of knowing that your insurance is in the hands of an organization that knows and understands the needs of the agricultural industry.
¨ Have the satisfaction of knowing that modest earnings on Workers’ Compensation Insurance by New York Farm Bureau support important programs that serve New York farmers every day.
* Average Only. Annual dividends and amounts are not guaranteed.
How Do You Join Safety Group 486?
Whether you are currently with a standard insurance company, a self-insured trust, the New York State Insurance Fund (NYSIF), or looking to obtain workers’ compensation insurance for the first time, applying to Safety Group 486 is easy.
¨ Call us at 1-800-342-4143 to request a price quote and application materials.
¨ Fill out the New York State Insurance Fund application and sign the Group Authorization form.
¨ Send those materials and a deposit check to our office along with a New York Farm Bureau® membership application if you aren’t already a member.
Eligibility for insurance is subject to the NYSIF guidelines, rules, and underwriting.
NYFB and its subsidiaries have no authority to authorize coverage for any member.
Continued membership is required to maintain eligibility for coverage.
If You Operate A.....
|
¨ Dairy Farm ¨ Horse Operation ¨ Beef Operation ¨ Hog Operation ¨ Sheep or Goat Operation ¨ Sod Farm ¨ Nursery ¨ Fruit or Berry Farm ¨ Vegetable Farm ¨ Maple Syrup Operation ¨ Winery or Vineyard |
¨ Beekeeping Operation ¨ Poultry Operation ¨ Feed Mill ¨ Wholesale Florist Operation ¨ Farm Machinery Operation ¨ Fruit Packing House ¨ Fruit Juice Manufacturing ¨ Seed Dealership ¨ Farm Machinery Dealership ¨ Retail Farm Supply Store
|
..Then
you should buy your WORKERS’ COMPENSATION
from NEW YORK FARM BUREAU®
Safety Group 486
Dividend History
Year Dividend*
2004 ——— 30.0%
2003 ——— 35.0%
2002 ——— 30.0%
2001 ——— 27.5%
2000 ——— 32.5%
Five year average dividend of 31 percent!
*Future dividends are not guaranteed
Commonly Asked Questions
Do Farmers Need Workers’ Compensation?
According to New York State Law, §3 Article 1, Group 14-B, “Employment as a farm laborer as provided herein. A farmer shall provide coverage under this chapter for all farm laborers employed during any part of the twelve consecutive months beginning April first of any calendar year preceded by a calendar year in which the cash remuneration paid to all farm laborers aggregated twelve hundred dollars or more.”
Who Is Covered?
Anyone who does work for your business for any length of time is covered by the workers’ compensation policy. This may even include self-employed subcontractors who are typically hired to do custom work.
If you do hire an independent contractor for any type of work, be sure to get a Certificate of Workers’ Compensation insurance from them and keep it on file. Otherwise, you could be charged premium for the contracted amount.
Who Is Not Covered?
Sole proprietors, partners and one to two person corporate officers with no employees (although coverage may be obtained voluntarily).
Do Farmers Need New York Disability Insurance?
According to New York State Law, §201, Article 9, Section 6, “’Employment’ means employment in any trade, business or occupation carried on by an employer, except that the following shall not be deemed employment under this article:…….service as farm laborers;……” However, any farm employees that are not strictly production labor must be covered under New York State Disability insurance. This may be obtained by contacting your agent or the New York State Insurance Fund.
New York Farm Bureau Workers' Compensation Safety Group 486
"A Better Business Decision"
New York Farm Bureau® Member Services, Inc.
159 Wolf Rd, PO Box 5330 Albany, NY 12205-0330
Phone:1-800-342-4143 Fax: 518-431-5656
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