New York law requires workers’ compensation insurance for virtually all businesses with employees — even if you have just one full-time or part-time worker. Workers’ comp covers medical expenses, a portion of lost wages, and rehabilitation when an employee is injured or becomes ill due to their job. It also provides employers liability protection, which generally prevents injured employees from suing the business. Our team helps Albany-area employers stay compliant, protected, and confident that coverage is set up correctly from day one.
Mandatory Protection for Your Employees and Your Business
What Workers’ Compensation Insurance Covers
Medical Expenses
Covers doctor visits, hospital care, prescriptions, and related medical treatment for job-related injuries or illnesses. This ensures employees receive proper care without financial burden.
Lost Wages
Replaces a portion of an employee’s income while they recover and are unable to work. Benefits are structured according to New York State guidelines.
Rehabilitation & Return-to-Work
Helps pay for physical therapy, vocational training, and rehabilitation services. These benefits support a safe and timely return to work.
Employers Liability Protection
Protects the business from lawsuits related to employee injuries covered under workers’ comp. This legal protection is a critical safeguard for employers.
What to Expect From Our Team
We help you navigate New York’s workers’ compensation system with clear guidance and responsive service. Our advisors ensure employees are classified correctly, which can help prevent overpaying premiums and issues during audits. We place coverage through the NY State Insurance Fund or private carriers, depending on what best fits your business. From setting up coverage quickly to assisting with audits and claims questions, we make compliance as stress-free as possible.
Process Highlights:
- Confirm employee classifications and payroll
- Compare NYSIF and private carrier options
- Bind coverage quickly to avoid penalties
- Support audits, renewals, and claims questions
Workers’ Compensation vs. Other Required Coverages
Understanding how workers’ comp fits into your insurance plan helps avoid gaps and penalties.
| Coverage Type | What It Covers | Required in NY? | Best For |
|---|---|---|---|
| Workers’ Compensation | Employee injuries, medical care, lost wages | Yes (most employers) | Any business with employees |
| General Liability | Third-party injuries and property damage | No (often required by contracts) | Baseline business protection |
| Disability Benefits | Off-the-job injuries or illnesses | Yes (most employers) | NY employers with employees |
| Employers Liability | Legal protection tied to workers’ comp | Included with workers’ comp | Lawsuit protection for employers |
Conclusion sentence: Unsure which coverages your business needs to stay compliant? Contact us for expert guidance.
FREQUENTLY ASKED QUESTIONS
Common Questions About Workers’ Compensation
Is workers’ comp insurance required in New York State for one employee?
Yes. If you have even one employee — full-time or part-time — New York law generally requires workers’ compensation coverage.
How does workers’ compensation work for a small business in NY?
You purchase a policy, pay premiums based on payroll and job classifications, and coverage responds if an employee is injured on the job. Benefits are administered according to state guidelines.
What happens if I don’t carry workers’ comp in NY?
Penalties can include significant fines, stop-work orders, and personal liability for medical costs. Staying compliant is critical.
Does workers’ comp cover independent contractors?
It depends on how the worker is classified under New York law. Misclassification is common, and we help review your situation to avoid costly mistakes.
Can Moore Insurance help with audits and renewals?
Yes. We assist with audits, classification questions, renewals, and ongoing policy support.
Stay Compliant and Protect Your Team
Keep Your Business Covered
We proudly help businesses across Albany & Beyond secure workers’ compensation coverage that meets New York requirements and supports their employees. Contact our team today to get coverage in place quickly and correctly.