Tag: workers’ compensation in NY


Understanding Small Businesses and Workers’ Comp Insurance

Accidents are unexpected events that can financially drain any business, large or small. As a small business owner, it is up to you to know your responsibilities toward your employees and how to mitigate the risk for your business. Workers’ Comp insurance is an excellent way to accomplish both goals simultaneously. As a mandated form of insurance coverage in most

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6 Key Benefits to Workers’ Compensation: Understanding Its Importance and Impact

Workers’ Compensation is a mandatory type of insurance that businesses must provide for their employees. It is designed to protect workers against financial hardship after workplace injuries or occupational diseases, providing several benefits. Understanding the key advantages of Workers’ Compensation helps businesses appreciate its importance and enables employees to leverage its offerings fully. Here are six significant benefits that make

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Do Independent Contractors Need Workers’ Comp Insurance in NY?

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

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4 Effective Ways to Reduce Workers’ Compensation Costs

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

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A Quick Guide to Workers’ Compensation Insurance in NY

According to the U.S. Small Business Administration, about 17 percent of businesses must carry workers’ compensation due to hiring at least one employee. Coverage can be customized to reflect your company size and workplace risks. Today, more than ever, it is important for businesses to let employees know that you care about their well-being. Here’s a quick guide to getting

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