Employees who are injured in the workplace rely on workers’ compensation to recover medical bills and lost wages. Workers’ compensation is a no-fault system that doesn’t punish the employer or the employee and is there simply to ensure that individuals in the workforce get the care they need.
If you have a small business in Brooklyn, NY, you are probably required to carry workers’ compensation insurance. Access Legacy Insurance Group can help you figure out if you are required to carry a policy and what your options are.
Which Brooklyn, NY Small Businesses Are Required To Carry Workers’ Compensation Insurance?
All New York profit and nonprofit companies must carry workers’ compensation insurance. This coverage is for everyone, including full-time employees, part-time employees, seasonal employees, and even unpaid interns.
Even family members who are working for the company must have protection in case they are injured.
Who Is Exempt?
There are some exceptions where your business may be excluded from needing to carry workers’ compensation insurance:
- A sole proprietor is not required by law to carry workers’ compensation insurance.
- A partnership may be excluded.
- A business owned by one or two people, with these individuals owning all stock and controlling interests, may be excluded.
There are also some specific exemptions for nonprofits, such as for clergy performing religious duties or supervising an athletic organization.
What Does Workers’ Compensation Provide?
Workers’ compensation covers everything from medical bills to funeral costs to lost wages. Injuries caused by repetitive work are included.
Make sure that your business is in compliance with state law while also protecting the people you depend on to make your company work. If you have any questions about workers’ compensation or any other kind of New York commercial insurance, please feel free to call Access Legacy Insurance Group today.
