The Black Car Fund
About The Black Car Fund
The New York Black Car Operators’ Injury Compensation Fund was created by statute (Chapter 49 of the laws of 1999) to provide Workers' Compensation coverage and other benefits to Black Car operators in the state of New York. The statute was signed into law by Governor George Pataki in May 1999. On October 1, 1999, the billing, collecting and remitting portion of the statute took effect. On January 20, 2000, workers’ compensation coverage for drivers affiliated with member bases took effect. In later years, our company adopted a shorter title, and while we still have the same official title, we are widely known, simply as The Black Car Fund.
The statute covers all drivers of The Black Car Fund member bases in the state of New York, although 98% of the companies are based in the greater New York City Metropolitan area. Bases must become members of The Black Car Fund if they meet the criteria outlined in the statute – meaning they cannot own more than 50% their vehicles and must do a minimum of 90% of their business on a non-cash basis. Black Car and limousine companies operating outside of New York State are also required to become members of The Black Car Fund if they do work in the state of New York and if they meet the criteria outlined in the statute. The Fund derives its income from a 2.5% surcharge, which is billed and collected by member bases from their clients and then remitted to The Fund.
Today, The Fund has approximately 300 member bases and collectively there are more than 70,000 affiliated drivers covered by Workers' Compensation.
2 jobs with The Black Car Fund
We are growing and we have an immediate need to fill NEW Claims Adjuster Assistant positions!
We are growing and we have an immediate need to fill NEW Claims Adjuster positions with mid to high level experienced candidates!