Robert Ginsberg Agency Blog

Think that you do not need workers compensation in NY? Think again. NY workers compensation is crucial because it is the law. It does not matter if you have one or one hundred employees; you need coverage. Without it, you could be charged on a daily basis with fines or worse, jail time.

Jail time is not the only consequence of a business without workers compensation. Here are a few other consequences that will set your company back:

•    Employees can sue the company if he or she is not offered the proper compensation.

•    Any injuries on company property are your responsibility, meaning you will be at fault if something goes wrong without coverage.

•    You could face costs ten times as expensive as workers compensation would be for your company.

•    Your employees will not be able to receive death benefits.

•    Your employees will not be compensated for rehabilitation costs.

As you can see, workers compensation is not an option, it’s absolutely required. However, it does not have to be unaffordable! With our workers compensation, NY employers will be able to provide the proper protection, coverage and security to their company for an affordable cost. What is better than that?