Workers’ Compensation Insurance NY: Everything You Need to Know

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Pamphile InsuranceBrokerage LLC
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Workers Compensation Insurance NY Everything
You Need to Know
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• Workers compensation insurance NY covers medical
  costs as well as lost wages for injuries related
  to work. This program is mandatory in NY and all
  the other states.
• Both employers and workers will find workers
  compensation NY beneficial. Workers who sustained
  work-related injuries can get covered for medical
  care financial benefits.

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Three Major Reasons for Workers Compensation
Insurance NY

• Its a requirement by the state law
• It covers partial lost wages and medical expenses
  for an injured worker
• Most of the policies entail employers liability
  insurance that protects employers from lawsuits
  connected to workplace injuries. When employees
  agree to receive benefits from workers
  compensation, they normally agree that they wont
  sue their employees.

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Who Needs Workers Compensation Insurance NY?

• In New York, employers should carry workers
  compensation for their employees. For the most
  part, the state law requires all employers to
  undertake this type of insurance except in a few
  situations, such as
• If one individual owns a business, which means
  there are no leased employees, part-time
  employees, subcontractors, borrowed employees, or
  unpaid volunteers.
• If the organization is a corporation or
  partnership, but with no employees
• If one or two individuals own a business and
  those individuals own all offices and stock and
  there are no extra employees.
• Employers are also required to post in a
  conspicuous place a notice that states
  their workers compensation insurance NY. The
  notice must contain the policy number of the
  employer and the name, phone number and address
  of the insurance agency.

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Is Workers Compensation Insurance Mandatory for
New York Part-Time Employees?

• Many people who receive wages after doing a job
  are regarded as employees and are thus, supposed
  to benefit from workers comp. The NYS law
  classifies leased employees, day labor, part-time
  employees, subcontractors, and unpaid volunteers
  (this includes family members) as employees who
  qualify for workers compensation insurance NY.
• Only an independent contractor can be exempted
  according to the following criteria
• The contractor doesnt receive directions from
  the employer to perform a job.
• The contractor performs duties that the business
  doesnt normally do on a regular basis.
• The contractor has an independent occupation,
  business, or trade thats connected to the
  service being offered.

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Do the Self-Employed Need Workers Compensation?

• As a self-employed person or sole trader, you
  dont need this type of insurance if you havent
  employed anyone.
• Can Employers without Workers Compensation
  Insurance NY Face Penalties?
• The New York State Workers Compensation
  Board is responsible for enforcing the
  requirements for workers comp in the state. Not
  following the requirements can lead to severe
  criminal and civil penalties.

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• Failure to secure the insurance coverage for five
  or fewer workers within 12 months is a
  misdemeanor that can attract a fine of anywhere
  between 1,000 and 5,000. If an employer fails
  to secure coverage for over five employees, it
  translates into a felony that can attract a fine
  of 5,000 to 50,000. A subsequent conviction
  within a period of five years of not securing
  coverage is punishable by 10,000 to 50,000 in
  fines.
• Not making a provision for compensation for at
  least 10 days may cause the board to take civil
  action against the employer. The board may charge
  a penalty of up to 2,000 for every 10-day period
  of not complying with the regulations or a sum
  amounting to up to twice the compensation cost
  for that period.

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• The employers misinterpretation of the wages,
  number of employees, accidents and
  classification is subject to both civil and
  criminal persecution. Businesses are supposed to
  keep accurate records. Thus, if an employer
  deliberately conceals the number of employees,
  payroll, employee duties and other information,
  it may attract a fine of 2,000 for each ten-day
  period of not complying or twice the compensation
  cost. If a criminal conviction follows these
  charges, the fine may be anywhere between 1,000
  and 50,000.
• Not maintaining an accurate payroll is a criminal
  offense too. If the employer fails to keep
  accurate records regarding employee
  classifications and information related to wages
  and accidents, it may be handled as a misdemeanor
  and attract a fine of 5,000 to 10,000. If the
  employer has a past conviction on this basis,
  then it becomes a felony and the fine rises to
  anywhere between 10,000 and 25,000. These
  offenses attract a civil penalty of 1,000 per
  ten-day period of not complying or even twice the
  compensation amount for the payroll when the
  failure happened.

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Meeting Workers Compensation Requirements in New
York

• Its the duty of the employee to inform the
  supervisor or employer when an accident or injury
  has occurred. An injured employee should get
  treatment from a healthcare facility approved by
  the Workers Compensation Board except if its an
  emergency treatment.
• Generally, an employer cant direct workers to
  particular healthcare providers unless of course,
  the employer takes part in a Preferred Provider
  Program. While the employer might suggest a
  healthcare provider, workers must be informed
  about their rights to choose a provider they
  want.
• When an employer knows about the injury that the
  workers compensation should cover, the former
  should get in touch with its insurer throughout
  the claim process.
• Minor injuries that require fewer first aid
  treatments, causing the employee to go back to
  work after a day or less, are some of the
  situations where the employer can provide direct
  compensation. Other injuries should be reported
  to the insurance provider and the Board within 10
  days.

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The Death benefits Associated with Workers
Compensation Insurance NY

• When an employee dies because of work-related
  illness or injury, his or her dependents qualify
  to receive the death benefits associated with
  workers compensation.
• In New York, a spouse and minor children are
  regarded as primary dependents. A surviving
  spouse may typically receive benefits for the
  rest of his or her life except if they remarry.
• If a spouse decides to remarry, he or she may be
  given a lump sum equivalent to two years of the
  benefits. If children are not there, the spouse
  gets 66.67 percent of the average weekly wage.

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• In case of surviving children, the rate is the
  same but 36.6 percent of the weekly wage goes to
  the spouse and the remaining 30 percent is split
  equally among children.
• The benefits for children end when they attain 18
  years of age, or 23 years if theyre students.
• The bereaved family can also receive up to 6,000
  as funeral expenses as part of the death benefits
  of workers compensation.
• As you can see, workers compensation is
  important to both employers and employees.
• Call Pamphile Insurance Brokerage, LLC today at
  [phone], for consultation on workers
  compensation in NY as well as NJ.

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Conatct Us

• Address 70 East Sunrise Highway Suite 500
  Valley Stream, New York 11581
• Phone [phone]
• Email wpamph_at_gmail.com
• Website https//wpinsurances.com/