Brooklyn Workers’ Compensation Insurance

Building a small business in New York is as challenging as it gets. Between fierce and abundant competition and the various risks involved, you’ll want to ensure your greatest asset—your employees—have the protection they deserve while your business holds the liability coverage it needs.

Protect Your Employees with New York Workers’ Compensation from Lincoln Brokerage 

With the complicated rules and class codes that often darken the waters around Workers’ Compensation insurance, it’s easy to overpay or make mistakes that will cost your business thousands of dollars in fines. 

Don’t let the confusion and complicated nature of New York Workers’ Comp hold you back from building something amazing—protect your bottom line with the experienced and qualified advice from a team whose been helping Brooklyn businesses like yours since 1932.

The insurance experts at Lincoln Brokerage are here to guide you through the murk and ensure you come out with exactly the coverages your business needs to flourish amidst the staunch competition of bustling New York.

Did You Know This About Workers’ Compensation?

What is Covered by New York Workers Compensation Insurance?

The Importance of Workers’ Compensation

New York doesn’t play around when it comes to Workers’ Compensation insurance. Not only is it essential to your business to avoid insolvency by covering any expenses from injury and illness you or your employees could suffer, the state of New York demands these benefits from your business. 

You will be deemed noncompliant if you fail to provide proof of coverage and therefore take on punishing noncompliance penalties that start at $2000 for every ten days spent without coverage. This cost is also generally much higher by the time you even receive your notice. 

New York places such an emphasis on Workers’ Compensation, that there are often legal consequences as well.

In fact, failure to provide coverage is a misdemeanor punishable by a fine between $1000 and $5000. If you fail to hold coverage with more than just five employees, not only does the fine go upwards of $50,000, but it also becomes a felony that can win your business a stop work order. 

Tack on the medical expenses, legal fees, and bad PR, the cost becomes insurmountable for a small business owner to pay out of pocket. 

 Protect your employees while safeguarding your business from exorbitant fees with Workers’ Compensation Insurance from Lincoln Brokerage.

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 FAQs about Brooklyn Workers’ Compensation Insurance

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