All employers in New York State, including independent contractors, are required to carry workers’ compensation insurance. The policy can come from the New York State Insurance Fund, self-insurance, or a private insurance carrier. While self-insurance is an option, it is uncommon. While getting permits, a business must show proof of workers’ comp. However, they can be exempt in some clearly
As an employer, one of your priorities should be to keep your employees safe and reduce your workers’ compensation costs. A safe work environment will allow your employees to focus on their work and be as productive as possible at all times. It also proves that you have their best interests in mind and will do what needs to be
There are several things you should learn about workers’ compensation. The best place to start is with the basics, such as the what, why, who, when, and where. Knowing the answers to these questions will help you make better decisions and ensure you have the best coverage possible. Speaking to a reputable agent can help answer any questions you might