ICW Group in New York
ICW Group writes workers compensation insurance in New York, with A AM Best rating and a $1,000 minimum premium. New York carriers operate under NYCIRB rate filings, with a max weekly benefit of $1,222 and a statute of limitations of 2 years. Verified 2026-05-09.
ICW Group in New York
Strong loss-prevention focus. Significant in CA WC market. The carrier's industry focus is small to mid-market specialty, and the AM Best rating is A with a Stable outlook. Quotes go through licensed agents or the carrier underwriting team. Pay-as-you-go billing is available, which reconciles premium each pay period instead of at the annual audit. Self-service audit is available, employers can upload payroll records through a portal instead of waiting for an auditor visit.
New York workers comp rules that apply to every carrier
New York workers comp benefits are set by statute, not by the carrier. The maximum weekly indemnity benefit is $1,222 at 66.67% of the average weekly wage. The statute of limitations to file a claim is 2 years from the date of injury. Coverage threshold: All employers with one or more employees must carry workers' compensation insurance. On 1099 contractors: Individuals classified as 1099 contractors are often deemed employees for workers' compensation purposes unless they meet strict independent contractor criteria.
How to get a ICW Group quote in New York
Have your FEIN, NCCI class code (or job description if you do not know the code yet), estimated annual payroll by class code, three years of loss runs from prior carriers, your published EMR (experience modifier) if you have one, and certificates of insurance for any subcontractors. ICW Group can quote faster with complete information; missing payroll detail or loss runs typically delays underwriting by 5 to 10 business days.
Related
FAQs
Does ICW Group write workers comp in New York?
Yes. ICW Group writes workers compensation in most US states, including New York. AM Best rates the carrier A (Stable outlook), and the minimum premium is $1,000. Quotes go through agents or direct underwriting.
What kind of New York businesses does ICW Group target?
ICW Group focuses on small to mid-market specialty. Strong loss-prevention focus. Significant in CA WC market.
What is the max weekly workers comp benefit in New York on a ICW Group policy?
Statutory benefits are set by state law, not by the carrier. New York caps weekly indemnity at $1,222 (effective 2025-07-01), calculated as 66.67% of the average weekly wage. ICW Group pays the same statutory benefit as any other New York carrier.
How does ICW Group handle 1099 contractors in New York?
Individuals classified as 1099 contractors are often deemed employees for workers' compensation purposes unless they meet strict independent contractor criteria. ICW Group audits 1099 status against the same standard at policy audit; missing certificates of insurance for subcontractors typically lead to the sub payroll being added to the rated base.
Does ICW Group offer pay-as-you-go workers comp in New York?
Yes. ICW Group offers pay-as-you-go workers comp, where premium is calculated each pay period based on actual payroll instead of estimated annual payroll. Pay-as-you-go reduces audit surprises and is available in New York through ICW Group.
When does ICW Group audit my payroll in New York?
New York carriers including ICW Group audit Typically within 90 days of policy expiration, but can extend longer.. Have payroll segregated by class code, certificates of insurance for every subcontractor, and overtime documented separately.