New York has one of the largest economies of all the 50 states. With millions of employers and employees at work every day, there is always a chance that someone might get hurt on the job. This could cause a significant challenge for the employee, and because they got hurt on the job, the employer might have an obligation to repay them. To do so effectively, the employer must use workers compensation insurance.

Lupton & Luce Insurance provides expansive business insurance options for New York companies of any size, shape or industry. Your business, too, can benefit from the stability and security that strong workers compensation insurance can provide. We help our clients explore the options available for their industry needs. Call us at (631) 727-4114 or request your free policy quote now!

Common Workers Compensation Insurance Questions

What Is Workers Compensation?

Workers compensation is income support provided by employers to employees who get hurt, sick or disabled because of their work. It supports the employee without the business having to pay out of their own pockets.

Because these incapacitations occurred because of their employment, the employer’s workers compensation insurance can repay them during the time that they must take time off to recover from their injuries. Under New York law, nearly all employers with at least one employee (full-time, part-time or family) must carry workers compensation insurance.

What Does Workers Compensation Insurance Cover?

If an employee can prove that their injury arose due to their work, then workers compensation might pay them for their medical bills and supply supplementary income during their recovery. Some of the injuries the policy might cover include:

• Injuries sustained in a commercial vehicle accident while on the clock
• Sudden injuries that arise from both the employee’s duties and from other workplace actions
• Repetitive motion injuries caused by doing the same tasks time and time again
• Toxic exposure injuries

Under most policies, employees can receive compensation based on a percentage of their income at the time the accident occurs. The workers compensation will apply until that person can return to work or qualify for other disability benefits. Some injured employees also qualify for workers compensation even if they can return to work in diminished role during their recovery period.

Why Is Workers Compensation Insurance Important?

Employers must carry workers compensation insurance by law, and failure to do so could result in legal penalties. Additionally, by having coverage in place, you can free your business from legal liabilities related to employee injuries.

• Employees who take workers compensation insurance usually must agree that they will not sue the business for their injury. Workers compensation insurance creates a way for the employer and the injured employee to amicably settle their differences when injuries occur.
• Workers compensation insurance supplies significant help to employees who get hurt on the job. If someone sustains an injury, then they won’t be able to work either temporarily or permanently. Workers compensation ensures that they receive income support during their recovery.

By having this coverage, you will enable your business to protect employees in case they ever face challenges caused by their duties. Therefore, you’ll create a much higher degree of accountability and stability for your company in the long run.