State Fund Announces Relief For Restaurants
The New York State Insurance Fund (NYSIF) has announced measures to help the restaurants it insures cope with the COVID-19 pandemic. Restaurants have been among the businesses hardest hit by the crisis, as their businesses were slowing even before the New York State government ordered them to close. In a notice to its restaurant policyholders, New York's largest provider of Workers' Compensation insurance said it is suspending cancellations, late fees, interest and installment fees on their policies. NYSIF also invited these employers to contact their policy representatives or safety group managers to have their estimated payrolls reduced. Reductions in estimated payrolls typically generate reduced estimated…