New York State Workers' Compensation, focusing on what business owners need to know about “Protecting Yourself & Your Team”
Today's presentation by New York State Workers Compensation Board provides business owners with key insights into New York State Workers' Compensation, covering essential aspects of compliance and risk management.
- Overview of the System: Understanding the legal requirements and the importance of protecting both employees and the business.
- Insurance Types & Coverage: Details on required workers' compensation coverage for employees, owners, and subcontractors, along with state mandates and optional policies.
- Who Needs Coverage: Clarifies who is required to have coverage, including employees, independent contractors, and certain exempt groups like small business owners and volunteers.
- Hiring Independent Contractors: Guidance on distinguishing independent contractors from employees and the risks of misclassification.
- Lowering Premiums: Tips on reducing premiums through workplace safety, risk management, and managing claims history.
- Penalties for Non-Compliance: Information on the legal consequences of lacking coverage and how to avoid penalties by ensuring proper worker classification.
- Dealing with Penalties: Steps to take if fined, including how to address penalties and where to seek help from the Workers' Compensation Board or legal experts.
By understanding these points, business owners can ensure compliance, minimize costs, and maintain a safe work environment.
For more information go to www.wcb.ny.gov