The Building and Realty Institute & Safety Compensation Insurance Manager Levitt-Fuirst Insurance offer savings on your current Workers Compensation rates.

One of the many benefits available to you as a BRI member is having access to group discounts and a reliable dividend on Workers Compensation insurance through Safety Group 458 and Safety Group 530, both managed by Levitt-Fuirst Insurance.

Safety Group 458

Since 1951, Safety Group 458 has consistently saved companies up to 40% on workers compensation premiums as a result of an advance policy discount and an annual dividend. The Group represents contractors and suppliers with strong safety records, and obtains discounts off of the NY State workers compensation rates. The Group has also paid a dividend to the policy holders every year since 1951. During the last 10 years, the dividend has ranged from 25% to 30%. 

Who’s eligible? Almost any business associated with the construction industry is eligible for Safety Group 458, including: general contractors, sub-contractors, suppliers, landscapers, remodelers, and road builders. The contractor must have a good safety history and pay at least $5,000 in workers compensation premiums.

To find out if your company or business is eligible, contact Michael McLaughlin at 914-457-4270 or mmclaughlin@levittfuirst.com.

Safety Group 530

Safety Group 530, a program to help property managers control workers compensation costs, offers substantial discounts on real-estate related workers compensation costs by pooling the insurance needs for hundreds of properties in New York City and the surrounding counties.

The Group has saved property managers up to 40% on workers compensation premiums as a result of a 25% Advance Policy Discount and an annual dividend.

Members will benefit by savings in the form of advance discounts and dividends. The Group prudently reserves part of its savings in an interest earning Contingent Balance (surplus) account.

Safety conscious employers are additionally rewarded with uninjured employees and uninterrupted production and lower experience modifications.

Who’s eligible? Businesses that manage cooperatives, condominiums, apartment houses, office buildings, shopping centers, etc. are eligible for Safety Group 530, provided they have a good workers compensation safety history and a governing class code of 9026 or 9028.

To find out if your company or business is eligible, contact Michael McLaughlin at 914-457-4270 or mmclaughlin@levittfuirst.com.