New York Workers Compensation Insurance

The True Benefit for the Employer

As a business owner, you do everything you can to protect your employees from potential dangers — but do you have New York workers compensation protection? Most business owners understand that workers compensation insurance is important, but if you have employees, it's actually required by law.

New York workers compensation is based on a system where no-fault statutory benefits, prescribed in state law, are provided by an employer to an employee (or the employee's family) due to a job-related injury — including death — resulting from an accident or occupational disease.

The true benefit for the employer carrying New York workers compensation insurance is that state law strictly prohibits employees from suing their employers for claims, including negligence, as long as a workers comp policy was in force at the time of loss.

New York workers compensation is a type of insurance coverage that protects your employees from various types of injury and disease during the course of employment.

What Workers Compensation Can Cover

• Medical treatment for injured employees (e.g., a broken arm)
• Occupational hazards such as disease exposure (e.g., emphysema)
• Permanent impairment (e.g., loss of a finger)
• Total disability (usually paid in a lump sum)
• Death benefit (paid to survivor dependents)

Having New York workers compensation coverage can save you and your business from costly lawsuits and employee issues, and protects your business overall.