1. Under New York law a covered employer must:

Secure workers' compensation coverage for its employees

New York requires nearly all employers to secure workers' compensation coverage for their employees.

2. Under the New York Workers' Compensation Law, workers' compensation benefits are generally the employee's:

Exclusive remedy against the employer for a work-related injury

The Workers' Compensation Law makes compensation the exclusive remedy against the employer, barring most employee lawsuits.

3. A New York employer may secure its workers' compensation obligation by:

Insuring with a private carrier, the State Insurance Fund, or qualifying to self-insure

An employer may secure coverage through a private carrier, the New York State Insurance Fund, or approved self-insurance.

4. The New York State Insurance Fund (NYSIF) is:

A state-operated workers' compensation insurer that also serves as a market of last resort

NYSIF is the state-operated competitive workers' compensation insurer that also provides coverage to employers unable to obtain it elsewhere.