Workers compensation insurance is an important way for businesses to minimize financial losses in case one of their employees is injured. Not only does it help pay for the worker’s medical expenses and lost wages, but it is also required by state law in many situations.
Here is a brief overview of workers’ compensation rules that apply to companies in Brooklyn, NY. If you have additional questions, please contact Access Legacy Insurance Group.
Who needs coverage?
Almost all employers operating within the state of New York will need some workers’ compensation insurance in case an employee is injured. This includes coverage for regular full time employees, as well as other professionals that consistently work for a business under a normal schedule. If an employee is working for a business doing any kind of work that is considered a standard or integral part of the operations of the company, they will likely be considered an employee and need coverage.
Exceptions to workers’ compensation requirements
A few types of workers do not need to be covered by a business. This includes legitimate independent contractors who set their own schedules and hours and only sporadically do work for the business. These workers are not considered business employees under New York’s state law definition. Companies that rent space or vehicles to independent workers will not need coverage for the people using the rented items or property or for their business clients.
Learning more about workers comp insurance in Brooklyn, NY
Our agents at Access Legacy Insurance Group are available to help companies meet their insurance requirements. Don’t hesitate to get in touch with them today.
