Skip to main content
Category

Workers Compensation

An injured contractor with workers comp visits his doctor.Business InsuranceWorkers Compensation

Why Must CNY Contractors Have Workers Comp Insurance?

You gave a great pitch and offered a competitive bid on a sweet job a client agreed to. The project is practically yours. So you lay out plans to get started. But then an email arrives from one of your client’s employees saying, “Hey, good morning. We also need proof of your insurance coverage.” You think to yourself, No big deal. You have your general liability and commercial auto insurance, so you figure you’re in good shape. But when you reread the email, you see they also need your workers compensation insurance info. Workers Comp? But you’re a one-person operation.…
March 31, 2023
Example of a an employee getting injured and needing workers compBusiness InsuranceWorkers Compensation

What does workers comp insurance do?

Question 100 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/zicjRLQFXZI Workers’ Compensation is typically the largest part of a business’s insurance expense. It applies to workers who are injured or become ill due to their job function or environment. It also compensates for lost wages. The wages are replaced up to a certain percentage amount. There is a seven-day waiting period in order to do that. It is not the same as short-term disability. Short-term disability covers for injuries and sicknesses that occur away from one’s employer. Workers’ Compensation also covers unlimited amounts of medical expenses that happen…
November 14, 2017
Business InsuranceWorkers Compensation

Do I need to list non W2 employees on a New York Workers Compensation policy?

Question 78 in 100 Insurance Questions in 100 Days Video Series? https://youtu.be/YVCCAMaWYiw As a business owner, having to figure out who to put on a workers compensation policy and who not to, is probably not your idea of a good time. However, in New York state we have some rules (surprise) and those rules say that if you are paying someone, they'd better be listed. The cleaner of your office, the person you hired for social media, the outside sales person, and more, could end up needing to be accounted for. See this brief video explanation for more.
October 23, 2017
Business InsuranceWorkers Compensation

Do business owners have to be listed on New York Workers Comp?

Question 76 in 100 Insurance Questions in 100 Days Video Series! https://youtu.be/GlJl7reOehA As a business owner you might not see a need to insure yourself on a Workers Compensation insurance policy. It boils down to whether you want to cover for lost wages if you become hurt on the job. Insuring yourself will be more expensive and most carriers have a minimum payroll number they use for owners. Check in with us for additional insight.
October 21, 2017