If you have employees in the state of New York then you are required to carry workers’ compensation insurance. We have daily conversations about this coverage and the confusion people have about whether they need this or not. Bottom line is that if you are paying someone you should have a policy (even if you think they are independent) Workers Compensation is a legal requirement and intended to protect employees and the fines for not carrying this coverage are pretty staggering.
Did you know?
I am opening a new location or changing my location, do I need a new policy?
In most instances, we can amend your current policy to cover all locations or change your location without having to get a new policy. The best thing to do is call us when you are in lease negotiations or ready to make an offer on a purchase so we can start the process and let you know the actual cost of your possible addition or change.
After I get my insurance, if I have a situation or something happens who do I call?
We work for you. By working with us and the Lincoln Brokerage team, you have an advisor and a liaison. Your first call should be to us, and we will (along with our excellent claims staff) make sure your claim goes smoothly.
Do I really need workers compensation insurance?
If you have employees (whether they are W-2 or 1099s) then you need workers compensation in the state of New York.