Protect your employees and your company’s assets by securing the right workers compensation insurance for your business.

As a business owner, you have a responsibility to care for your employees even as you protect your business’s assets.  Even if you offer your employees the most intensive safety training, set strict workplace safety standards, and have other preventative measures in place, it’s simply not possible to completely eradicate the risk of a workplace injury or illness.  This is why it’s vital that you have the right workers’ compensation insurance in place.

Workers’ compensation serves two major purposes for your business.  First, it offers coverage in the event that a worker is injured or becomes ill during the course of business operations.  Workers comp insurance will offer coverage for the affected worker’s medical costs, coverage to make up for the wages they lose while recovering, and coverage in the event that the worker dies or becomes disabled as a result of the workplace accident.  The other main purpose that workers comp insurance serves is that it can be used to cover your legal defense costs in the event that an injured employee decides to sue your company for damages.  Because an injured worker has to decline workers comp benefits if they intend to sue, this money can then be used to cover your company’s legal fees and, if necessary, your settlement costs.

While it’s clearly beneficial to carry worker’s compensation in NY, it’s also mandatory that you do so.  Workers’ comp is one of the few commercial coverages that are actually state-mandated.  Even if your business only has one employee, your state will require you to carry some minimum level of workers comp insurance.  So, if you want to protect your employees, your business’s assets, and follow the law, then you should make sure you have the workers’ compensation insurance that you need.

For assistance with securing the proper workers’ compensation insurance for your company, turn to the professional team at Premier Risk, LLC.  Our insurance professionals are ready to get you the coverages that your business needs today.