Important Information for Employers Operating in New York State
Taken from State of New York Workers' Compensation Board.
Worker's Compensation Insurance Requirements
New York State workers compensation insurance covers employees for work-related accidents, injuries or illness.
If you have one or more employees working in New York State (NYS), you are required to obtain NYS workers' compensation insurance coverage. The workers' compensation insurance policy must be effective no later than the first day you have employees.
Disability Benefits Insurance Requirements
NYS statutory disability benefits (DB) insurance coverage is totally different from and is not included in NYS workers' compensation insurance coverage. Statutory NYS disability benefits insurance covers employees for off-the-job accident, injury or illness.
If you have one or more employees for 30 days in a calendar year, you are required to obtain NYS disability benefits insurance coverage. Such insurance must be effective no later than four weeks after the 30thdayyou have employees. However, if you have purchased a business whose employees had already been covered by the Disability Benefits Law, the effective date of coverage must be no later than the day you purchased the business.
Purchasing Workers Compensation and Disability Benefits Insurance
Both workers compensation and disability benefits coverage can be obtained through private insurance carriers authorized to write such coverage in NYS, the New York State Insurance Fund, or Board-approved self-insurance. (Special note regarding disability benefits insurance: -- Please check with your
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