Protecting your business from financial and legal disputes requires complete compliance with your state’s employee coverage laws. Keeping your employees covered in the event of work-related injury keeps them safe and prevents you from liability. With the benefits you receive from necessary coverage, you protect your employees, the most critical assets of your company.
Workers’ compensation protection is defined by the state. New York defines it as business insurance that benefits the employer and the employee in the event of employee work injuries. It is a system that prevents employer liability for an employee’s on-the-job injury while providing benefits to the employer and the employee.
The following article discusses workers’ comp insurance for employers and employees in New York. Here, we discuss some of the legalities you’ll want handled to best support your business in the event of work-related injuries. Read on for the essential workplace protection compliance laws under
NY work comp insurance that you need to know to protect your employees and your business.
NY work comp insurance Benefits
- Legal representation assistance is granted if a work-injury lawsuit is in effect.
- Medical payments are granted to employees following work injury.
- Partial payments for lost wages are granted in portions when injury/illness results in an employee’s inability to work for more than a week and when pay is reduced due to working fewer hours or by the need to resort to other work.
- Disability payments are granted when permanent impact of work injury results.
- Death benefits are given under NY work comp insurance policies to surviving family members of an employee’s fatal injury.
Workers’ Comp Laws In New York
NY work comp insurance coverage is required for virtually every employer for their employees. According to NY law, employees eligible for coverage work under a supervised employer(s) on or off work premises.
Eligible employees include:
- for-profit workers of full, part-time, seasonal, temporary, borrowed, leased, familial, and volunteer employment
- employees engaged in hazardous work, as defined by law
- public school educators who are not employed by NYC and public school aids
- state employees and specific volunteers
- domestic employees working 40 or more hours each week under the same employer
- Employees determined eligible under the Workers’ Compensation Law (WCL)
- Corporate officers in corporations with two stockholders and/or at least three officers
- One or two-person corporation officers employed at the corporations; these officers may deny coverage.
- Most workers paid by nonprofit organizations
In New York, cases that fall under workers’ compensation concerns are “no-fault” cases. Employers must post coverage notices at their business locations as required by state law. Claims made from instances of injuries resulting from intentional acts are not considered under NY work comp insurance policies.
Purchasing The Coverage You Need For Your NY Business
WCL must authorize the healthcare provider that treats injured employees except for emergency cases. If you’re looking to get NY work comp insurance for your business, purchase your policy from a private insurance company or another professional licensed to do so in the state of NY.