The Black Car Fund

What The Black Car Fund does

The Black Car Fund (legal name: New York Black Car Operators Injury Compensation Fund, Inc.) is a not-for-profit workers' compensation insurance fund chartered by New York State Statute in 1999 under Article 6-F of executive law. It provides statutorily required workers' compensation coverage — including medical benefits and wage replacement at two-thirds of average weekly wage — to for-hire vehicle drivers affiliated with its Member Bases, who include Uber, Lyft, traditional black car operators, luxury limousine bases, high-volume for-hire bases, and non-emergency medical transportation providers. For workers' compensation purposes, BCF itself is treated as the employer, and qualifying dispatch facilities meeting the statute's criteria are required to become Member Bases. The fund is financed entirely by a small percentage surcharge on passenger fares, collected by Member Bases and remitted monthly; drivers pay nothing for coverage.

The organization's core technology is a workers' compensation administration platform integrated with mobile apps (the Black Car Fund App on iOS/Android for accident reporting and the Drivers Benefits App for benefits access), an electronic medical-billing clearinghouse (Payor ID LT685 via Jopari), and virtual-card/EFT payment rails (VPay). Beyond workers' comp, BCF operates the Drivers Benefits Program — a suite of no-cost benefits including Personal Accident Insurance (MetLife, $50–$40,000 lump-sum), Critical Illness Insurance, a $100,000 Accidental Death Benefit, Telemedicine (CirrusMD), Hearing Care (TruHearing, launched Nov 2024), Vision (GVS), Dental Insurance, mental health programming (Independent Drivers Guild), and prescription/urgent care/imaging discount programs (Mitchell ScriptAdvisor, Medrite, Alliance HealthCard). The Driver Education Center also runs NSC-certified courses (DDC-6 at $400, Wellness STEP at $250, and the RIDE course at $125–$250) with "Earn While You Learn" stipends. Marsh USA Inc. administers Member Base relations from an Austin office.

BCF serves a two-sided market: its B2B customers are the Member Base dispatch companies that fund it via the surcharge, and its end beneficiaries are the individual for-hire drivers who receive auto-enrolled coverage plus opt-in benefits. The firm operates exclusively in New York State (with offices and Driver Education Centers in Long Island City and North Tonawanda), is privately held, has between 11 and 50 employees, and is governed by a Board chaired by Berj Haroutunian with Ira Goldstein as Executive Director.

Name

The Black Car Fund

Legal name

New York Black Car Operators Injury Compensation Fund, Inc.

Website

https://nybcf.org

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

The Black Car Fund is a New York State-chartered not-for-profit workers' compensation insurer providing mandatory coverage and a suite of no-cost health and wellness benefits to for-hire vehicle drivers affiliated with its Member Bases, funded entirely by a passenger fare surcharge.

Ownership category

akta.pro rank

Product category

Workers' Compensation Insurance

NAICS

Insurance and Employee Benefit Funds (5251), Health and Welfare Funds (525120)

SIC

Accident & Health Insurance (6321)

akta.pro primary industry

Premium Black Car Services (THADAEAL)

akta.pro secondary industries

Premium / Black Car & Executive Ride-Hailing (TLAFAIAB), Chauffeured / Black Car & Executive Car Services (THACAIAC)

Keywords

• Workers compensation coverage
• For-hire vehicle insurance
• Driver health benefits
• Nonprofit insurance fund
• Transportation worker coverage

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Others

Revenue model

1. Passenger Surcharge: The Black Car Fund is funded entirely by a small percentage surcharge on passenger fares for trips dispatched by Member Bases. This surcharge is charged to passengers, collected by Member Bases, and remitted monthly to the fund. The surcharge appears on paychecks as a deduction but does not come out of driver pay—it is an additional amount paid entirely by passengers.
2. Workers' Compensation Insurance: As a not-for-profit workers' compensation insurance provider created by New York State, the fund provides full workers' compensation coverage to for-hire vehicle drivers affiliated with Member Bases. Coverage includes wage replacement (two-thirds of average weekly wage) and medical benefits for work-related injuries.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

The Black Car Fund is a not-for-profit workers' compensation insurance fund chartered by New York State in 1999. It provides workers' compensation coverage and health/wellness benefits to for-hire vehicle drivers, funded through passenger surcharges collected from Member Base dispatch companies such as Uber and Lyft.

Product overview

The Black Car Fund is a not-for-profit workers' compensation insurance fund chartered by New York State in 1999, providing workers' comp coverage to for-hire vehicle drivers affiliated with Member Bases (including Uber, Lyft, and traditional black car services). The core Workers' Compensation Insurance product is supplemented by the Drivers Benefits Program — a suite of health and wellness modules including Accident Disability Insurance, Personal Accident Insurance (via MetLife), Critical Illness Insurance (via Allianz), $100,000 Accidental Death Benefit, Telemedicine/Virtual Primary Care (via CirrusMD), Hearing Care (via TruHearing), Vision Coverage (via GVS), Dental Insurance, Mental Health & Wellness (via IDG), and discount programs for prescriptions, urgent care (via Medrite), and diagnostic imaging. The Driver Education Center offers Earn While You Learn courses (Defensive Driving DDC-6, Wellness STEP, RIDE Course). The First Fill Program provides immediate prescription access via the mobile app, and the F.A.I.R. system handles driver feedback and incident reporting.

Differentiator

Problem solved

Functional benefit

Brands

• BCF Driver Education Center: Provides driver education and safety training programs including Defensive Driving Course (DDC-6), Wellness STEP Course, and RIDE Course
• Drivers Benefits Program

Products and services

• Workers' Compensation Coverage Provides workers' compensation insurance coverage to for-hire vehicle drivers operating in New York State, covering workplace injuries and related claims under the state-chartered fund.
• Health and Wellness Benefits Provides health and wellness benefits to for-hire vehicle drivers enrolled in the fund, supplementing the workers' compensation coverage with preventive and ongoing health support.

Quantifiable outcome

• Wage replacement at two-thirds of average weekly wage (subject to NY statutory maximums)
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature4 records

Partnerships

13 partnerships are on record, tiered core and minor.

• TruHearingcoreOthers · 1 November 2024TruHearing provides comprehensive hearing care through the Drivers Benefits Program. Eligible drivers receive annual hearing exams, up to two prescription hearing aids every three years, follow-up visits, and 3-year manufacturer warranty—all at no cost.
• MetLifecoreOthers · 1 February 2023MetLife provides Personal Accident Insurance to eligible drivers enrolled in the Drivers Benefits Program. The benefit provides direct lump-sum payments from $50 to $40,000 for covered accidental injuries. Policy form GPNP12-AX.
• Marsh USA Inc.coreImplementation/ SI/ Consulting PartnerMarsh USA Inc. serves as the account administrator for The Black Car Fund, handling membership applications for prospective Member Bases and Central Dispatch Facility licenses. Contact: David Rinker and Erbionet Philips at [email protected].
• CirrusMDcoreTechnology or IntegrationCirrusMD provides virtual primary care/telemedicine services for eligible drivers. Offers 24/7 access to board-certified doctors with chat-first interface, photo sharing, video capability, and multilingual support through translator services. Prescriptions available when appropriate.
• GVScoreOthersGVS provides vision coverage including no-cost annual eye exams, eyewear from the GVS collection (bifocals, trifocals), and contact lens options. Also offers Vision VIP Locations with multilingual staff and driver-friendly parking.
• Mitchell ScriptAdvisorcoreTechnology or IntegrationMitchell ScriptAdvisor (also referred to as ScriptAdvisor) serves as the pharmacy benefits management program, allowing drivers to obtain medication for work-related injuries through a network of pharmacies without out-of-pocket costs.
• JoparicoreTechnology or IntegrationJopari provides the provider portal used by medical providers to check bill status, payment information, EOBs, and claim details. Contact: [email protected] or 800.630.3060.
• VPaycoreOthersVPay issues one-time virtual credit cards (VCards) for medical provider payments. Supports EFT (ACH) enrollment as alternative. Also handles Direct Deposit enrollment for claimant indemnity payments.
• Medrite Urgent CareminorOthersMedrite provides 10% discount on self-pay urgent care services at Metropolitan New York City locations for eligible enrolled drivers. Services include minor injuries, fractures, flu, x-rays, and physical exams.
• Alliance HealthCard of Florida, Inc.minorOthersArranges discount medical benefits including prescription, urgent care, and diagnostic imaging discounts. Not insurance or ACA-qualified health plans. Located at 5005 LBJ Freeway, Suite 1500, Dallas, TX 75244.
• National Safety CouncilcoreStrategic or Co-development PartnerThe BCF Defensive Driving Course (DDC-6) is approved and licensed by the National Safety Council. The course satisfies licensing requirements for various Taxi and Limousine Commissions in NY State.
• New York-PresbyterianminorOthersNew York-Presbyterian provides free breast and prostate cancer screening as part of the Wellness STEP course curriculum.
• Independent Drivers GuildcoreStrategic or Co-development PartnerThe Independent Drivers Guild represents professional drivers and works with The Black Car Fund. Founder Jim Conigliaro Jr. has collaborated with the fund on driver advocacy. IDG Center hosts Defensive Driving Courses.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• New York State Insurance Fund (NYSIF): New York's state-chartered workers' compensation carrier, operating under a similar statutory/regulatory model as BCF and serving a comparable employer base in NY. NYSIF competes for many of the same policyholders and shares BCF's role as a state-mandated comp option.

Broad incumbents

• State Compensation Insurance Fund (California): California's state-run workers' compensation insurance fund, structurally analogous to BCF as a publicly chartered, non-profit comp carrier. Demonstrates the broader state-fund model that BCF operates within and provides a benchmark for reserve management and pricing.
• Travelers Insurance: Major national workers' comp carrier and a frequent competitor for mid-market and enterprise comp accounts in NY. Comparable in offering statutory comp coverage but operates as a broad, diversified P&C insurer rather than an industry-specific fund.
• Liberty Mutual Insurance: One of the largest U.S. workers' compensation insurers, competing with BCF for NY commercial accounts and serving as a benchmark for comp underwriting, claims management, and pricing. Liberty Mutual's scale and product breadth contrast with BCF's narrow statutory mandate.
• Zenith Insurance Company: Specialty workers' compensation carrier focused on California and other states, comparable to BCF in its comp-only specialization. Useful peer for benchmarking industry-specific comp underwriting and claims outcomes.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/NYBCF
• Facebookfacebook.com/NYBCF
• LinkedInlinkedin.com/company/the-black-car-fund

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Black Car Fund