Workers Compensation Insurance

What is it?

Workers’ Compensation is an insurance coverage that helps protect businesses and their employees from the resulting financial losses when a worker is injured or contracts an illness on the job. It helps cover the costs of the sick or injured employee’s lost wages and medical expenses.


Who is required to carry workers’ compensation insurance?
New York State, requires businesses with employees who are not owners, to purchased workers’ compensation coverage for those employees.
Businesses that fail to provide workers’ compensation coverage can face severe and costly repercussions including payment of claims out of pocket, fines and possible imprisonment, as well as possibly losing the right to conduct business in the state.