NYSIF PAYGO is a simple and convenient way for eligible policyholders to pay their Workers’ Compensation insurance through approved payroll processors. Associated HCM is an approved payroll processor.
Why NYSIF PAYGO?
- Eliminates down payment requirements
- Calculates premium based upon actual payroll
- Calculates more accurate premium payments, resulting in smaller audit adjustments
- Allows policyholders to match payments to cash flow
Who Can Participate in NYSIF PAYGO?
- New or renewal policies with annual estimated annual premium (including assessment) of between $1,000 – $250,000;
- Annual premium larger than $2,000 for all contracting codes (excluding roofing, which is not eligible for PAYGO)
Please note that participation is subject to NYSIF underwriting approval and acceptance of the NYSIF PAYGO Terms and Conditions.