Workers Compensation

Is Workers Comp Insurance Required?

In your state, businesses must have workers compensation coverage for every employee. This also includes part-time employees and family members that are employed by the company. A business needs to show proof of the policy when getting a business permit. There are some businesses that can be exempt in narrow circumstances and self-insurance is pretty rare. Employers must post a notice of workers comp in the workplace and must include the policy number and the name, address, and phone number of the insurer. It should be posted in a conspicuous place and every employee should know where it’s posted.

What Does Workers Compensation Cover?

There are a few different things that workers compensation covers to protect employees. If an employee gets hurt on the job, then the insurance can help cover medical costs. Conditions on the job can expose employees to harmful allergens and chemicals that can lead to illness. This insurance also covers these illnesses. If an employee has to miss work because of a work-related illness or injury, then workers comp insurance helps replace some of the missed wages. If an employee, unfortunately, dies due to a work-related illness or accident then workers comp can cover funeral costs. If an employee needs ongoing care, workers comp can provide this care and help cover physical therapy sessions. Not every injury will be in one incident. A repetitive injury can take years to develop and this insurance can also help cover the cost to treat a repetitive injury related to the job. If an employee’s injury is so severe then he or she may not be able to return to work. Disabled employees can get benefits to help pay for lost wages or medical bills.

Contact Access Legacy Insurance Group to get a quote on worker's comp insurance.

While our offices are located in Brooklyn, NY & Toms River, NJ, we serve clients all across New York, New Jersey, and Florida.