New York Workers Comp Insurance - New York Workers' Compensation Insurance is a form of insurance that provides benefits to employees who are injured or become ill as a result of their job. The state of New York requires all employers to provide this insurance to their employees, whether they are full-time or part-time.
The coverage provided by workers' compensation insurance includes medical expenses, lost wages, and death benefits. Medical expenses include doctor's visits, hospital stays, and physical therapy.
Lost wages are calculated based on the employee's average weekly wage and are paid while the employee is unable to work due to their injury or illness. Death benefits are paid to the employee's surviving family members if the employee dies as a result of their job-related injury or illness.
In order to qualify for workers' compensation benefits, an employee must report their injury or illness to their employer within 30 days of the incident. They must also file a claim with the Workers' Compensation Board within two years of the incident.
Employers are responsible for obtaining workers' compensation insurance and paying the premiums.
They can do this by purchasing a policy from a private insurance company or by participating in the state's self-insurance program. Employers are also responsible for providing their employees with information about the workers' compensation process and how to file a claim.
Employees who are injured or become ill on the job can also file a claim for workers' compensation benefits even if their employer does not have insurance or if the employer disputes their claim.
Workers' compensation insurance is an important safety net for employees who are injured or become ill as a result of their job. It ensures that they are able to receive the medical care and financial support they need to recover and return to work