All of our Safety Group 458 policyholders are experiencing uncertainty and concern right now
.
We hope this information helps:
GOOD NEWS
Safety Group 458 had a strong year and we are expecting very positive announcements regarding the May
dividend and June 29th renewal.
UPDATE ABOUT YOUR POLICY
If you know your payroll is down for the current policy period (6/29/19-20) versus the projected payroll on the 6/29/19-20 renewal, please email us to advise of your projected revised payroll. We will work with the State Fund to reduce payroll by submitting your estimate, along with the last three (3) tax quarterlies [NYS 45-ATTs].
If you also want us to ask NYSIF to reduce the payrolls on the upcoming 6/29/20-21 renewal, please send us your projected payrolls. Keep in mind that if this crisis continues, we can always reduce your payroll projections during the policy year. We recommend you wait until mid May to address this, because by then we should have a better sense of the future situation.
We are working remotely and fully operational.
INFORMATION DIRECTLY FROM STATE INSURANCE FUND
"Extraordinary times call for extraordinary solutions. As the coronavirus (COVID-19) takes its toll on New York businesses, NYSIF stands ready to help by lowering your premium to reflect current business conditions and extending payment terms to those who need them.
We realize that some of our policyholders may be experiencing financial difficulties at this time. If you've experienced a significant decrease in your payroll, please contact your Policy Representative or Safety Group Manager to lower your premium. If you are experiencing coronavirus-related financial difficulties, we can adjust your premium payments to help meet your financial situation. To contact your Policy Representative, please visit our website at
nysif.com
, click "Get Policy Help" and have your policy number handy.
For those policyholders who do not have a NYSIF online account, we strongly encourage you to sign up; it's simple and easy. Having an online account will allow you to access important, up to date policy information and will allow NYSIF to quickly and effectively communicate vital information to you. To create a NYSIF online account, please visit our website at
nysif.com
.
There are a number of organizations offering coronavirus-related financial assistance. Below are two you may find helpful.
NYC Small Business Services (grants to support your payroll and interest free loans)
Small Business Administration (low interest loans)
As always, NYSIF, Levitt-Fuirst and Safety Group 458 remains committed to meeting the needs of you and your employees. We want to help you and your business during the difficult days and weeks ahead. Thank you."
Marc Spar
Managing Director
Levitt-Fuirst Associates, Ltd.
520 White Plains Road, 2nd Floor
Tarrytown, NY 10591
914-457-4224: Direct Phone/Fax
914-457-4200: Main Phone
