Tag: workers compensation

20
May

How Workers’ Compensation Benefits Both Employees and Employers

The Goals of Workers’ Compensation

Workers’ compensation is beneficial in two ways, and this is in the process of protecting the employees and protecting the employers. It makes sure to provide adequate coverage for either the employees or employers in case of an unexpected occurrence.

Benefits of Workers’ Compensation for Employees
Some of the things a successful worker’s compensation claim can yield funds for include:

  • Back pay for the time the employee is out of work due to an injury sustained on the job.
  • Hundred percent of medical expenses for the covered injury with no deductibles.
  • Money benefits for any permanent or partial disability due to an injury.
  • For disability benefits a worker must miss at least seven days of work, it aims to compensate injured workers for a   portion of their lost wages in the number of days they’ve missed.
  • Funeral expenses and death benefits for the death of the employee as a result of the injury. This is based on the deceased’s number of dependents.

The knowledge that your employer has an adequate workers’ compensation policy will give you peace of mind and an assurance that your financial security won’t be threatened should you get hurt on the job. This is, if neither your employer nor their carrier challenges your compensation claim. It is therefore important to seek legal counsel where a seasoned attorney will advocate on your behalf before commencing your claim and finally help you achieve the compensation you deserve, as there are many common hurdles when making a worker’s compensation claim.

Benefits of Workers’ Compensation to Employers

It is inevitable that an organization or business experiences work accidents perhaps once in a while and when they do happen, it’s the employees who usually end up getting hurt.

However, by purchasing workers’ compensation insurance, business owners or employers no longer have to worry about covering their employee’s injuries from their own pockets. The insurance policy offers coverage for this.

This shouldn’t cause employers or organizations to implement negligent protocols, as there will be repercussions. Organizations are still required to maintain a safe working environment for the employees, as anything otherwise can expose them to litigation, regardless of their current coverage.

Perhaps you were seriously injured at your workplace and wish to take legal action; a personal injury attorney can be of great help. Talk to the team members at Abatelli Group, Inc. to find out how we can protect your business from unforeseen circumstances. With reliable commercial insurance, we can help your business if it is located in Whitestone, Flushing, Bayside, Little Neck, or surrounding cities of New York. Contact us today to get started.

3
Sep

Do I Need Workers’ Compensation If I’m Self-Employed?

Workers’ compensation is often a daunting and downright confusing coverage for business owners. As a professional, you may already have enough to think about beyond this coverage and what it does. The question arises, what about those business owners who go it alone? Do the self-employed need workers’ compensation insurance? The answer is never a simple yes or no, so here is what you need to know.

Check local laws

Whether a self-employed person needs workers’ compensation will depend on your local and state laws. In New York, workers’ compensation insurance optional for most self-employed workers. If you are self-employed or a sole proprietor of a business in New York, you do not need workers’ compensation insurance if you do not have any employees. However, sole proprietors could still benefit from a workers’ comp policy through lost wages coverage after an on-the-job injury. Self-employed persons can choose to carry workers’ compensation coverage, providing additional insurance in case of a workplace injury or disability.

Coverage for sole proprietors

If you are a roofer or self-employed individual in other highly hazardous fields, you may need to obtain a workers’ compensation policy for your own injuries. What’s more, If you work as a general contractor or a subcontractor, you may have to buy workers’ comp insurance if the contract you signed requires it.

Securing coverage

If you qualify for workers’ compensation insurance as a self-employed individual, you will need to use a licensed insurer who has the proper authorization to develop workers’ compensation policies. It’s recommended that you research coverage and different insurance companies before making a decision. Many insurers will not sell workers’ compensation to a self-employed individual as they do not view it as a worthwhile investment. That is why it is so important to work with a trusted professional who has your best interest in mind.

Keep in mind that even if you do not qualify for workers’ compensation insurance, you may still require some forms of insurance as a self-employed person.

Benefits of workers’ compensation

Although it’s tempting to think of workers’ compensation as a hassle and a drain on your business budget, the insurance will act as a safety net if you do suffer an injury on the job. If you suffer a catastrophic injury in a fall or experience an illness as a result of the work you do, your insurance policy will provide the extended disability coverage you need to get back on your feet. The financial support gives you peace of mind that you’re covered if a serious injury happens on the job.

Securing the right workers’ compensation doesn’t have to be difficult. The right agents are here to help you. For the right workers’ compensation insurance policy, contact our expert team at Abatelli Group, Inc. today. We serve Whitestone, Flushing, Bayside, Little Neck, and surrounding cities of New York with reliable coverage. We are ready to assist you with all of your insurance needs.

COVID-19 Update

Our office remains open and our staff is working remotely to continue to service our clients. You can reach us at (718) 352-6000 Letter to Policyholders