New York State Public Entities Safety Group 497 was originally formed on July 1, 1981 by a group of municipal officials to obtain reductions in the human and financial costs of worker injuries.  The Group is underwritten by the New York State Insurance Fund and is managed by Professional Underwriters.

Some of the major advantages of being a member of Safety Group 497 include:

· A proven dividend history   View Group 497 Dividend History

· A fully insured, first-dollar coverage program

· Up front maximum 25% discount for qualified risks

· Choice of working through your agent or directly with the Group Manager

· Claim reserves being reviewed on an on-going basis

· Managed by a Certified Workers' Compensation Professional

· NYS Assessment charge on payroll based policies is 6.6% compared to 15.5%
  for other carriers.  (VFBL is 5.9% and VAWBL is 6.3%)