Why do I need workers’ compensation insurance in New York?
- New York law requires employers to obtain and continuously carry workers’ compensation coverage for all employees.
- Workers’ compensation insurance provides the added benefit of exclusive remedy. Injured employees cannot sue their employer as workers’ compensation is their sole remedy.
What does a workers’ compensation policy cover?
- In the event that one of your employees is injured on the job or occupational disease, workers’ compensation provides coverage for lost wages and medical expenses.
- The covered medical expenses include, but are not limited to, emergency room/hospital stays, ongoing doctor’s appointments, diagnostic testing, physical/occupational therapy, prescription medication, and surgery.
- Workers’ compensation also provides death benefit payments to eligible family members.
