NYSIF New Electronic Self Reporting Payroll Portal
The New York State Insurance Fund announced in their quarterly newsletter “Work Comp Advisor” that they are rolling out a new electronic payroll self-reporting portal on their web site.
In the beginning stages, this will be available for insureds with $5000 in premium and less that fall under low-risk classifications no construction or high-risk accounts will apply in the beginning. This is a big step for the State Fund, it will allow its small accounts to essentially self report their year-end payroll versus having a physical audit, however, the State Fund does still have the right to complete a physical audit.
For High and low-risk Companies Enforce Coverage offers carriers that allow the insured to report payroll every pay period. This gives companies both large and small the ability to eliminate the audit bill .
Contact Enforce for several solution available Pay as You Go Programs, Payroll Service Pay-Go Workers Comp and Self reporting features for Large Risks. We can help you eliminate the year-end guessing game.