New York State is home to over 450,000 small businesses. They make up 98% of the businesses in the state and employ almost half of all workers in the state, which is why the state’s workers’ compensation laws are so important.
Small businesses must provide workers’ compensation coverage to their employees. However, that doesn’t mean it has to cost a fortune. Business owners can reduce their insurance costs in many ways.
One of those is to ensure that your employees are classified correctly. Employees with desk jobs and other low-risk roles will cost less in insurance. You also avoid fees related to misclassification this way.
Another option is to institute a documented safety program within the workplace to help educate employees and identify and remove safety hazards. Creating a safer workplace reduces claims and overall risk.
You should also consider instituting a zero-tolerance policy regarding drug and alcohol use. Drugs and alcohol are two leading contributors to workplace accidents and not tolerating their use creates a safer workplace for everyone.
Obtaining workers’ comp insurance is not usually difficult unless your business falls into a particularly high-risk category. Most business owners can simply purchase a policy from an insurance company that serves New York State or buy through the state fund. However, not all insurance companies offer workers’ compensation. Kickstand Insurance helps businesses like yours find the affordable workers’ compensation coverage they need.
Not obtaining workers’ compensation insurance is a serious thing. Depending on the number of employees and the timeframe involved, it might be considered a misdemeanor and require a fine of up to $5,000. If the company has more than five employees, it’s considered a felony and the fine can be as much as $50,000. Other potential ramifications include civil suits, daily fines, and more.
Start by filling out a short online form about your business. We’ll use that info to get you an estimated quote. Then, one of our experienced agents will contact you to review the quote and make sure you are getting the absolutely lowest rate possible for your business. Once the quote is finalized, you’re ready to buy the policy - often with coverage starting that day!
Why choose us as your partner for workers’ comp insurance in New York? Our streamlined process is just one of the reasons. Our expert team also has the experience and knowledge necessary to help you save as much as possible while still upholding your obligations under the law.
It’s time to get the coverage you need. Just complete our simple online form and we’ll give you a no-obligation quote. It’s that simple!