You probably never expected to face the possibility of shutting down your business. Unfortunately, New York state law does not look kindly upon business owners who do not have workers' compensation insurance. You may even be facing criminal charges on top of closing up shop, but having a firmer understanding of your situation can be helpful for minimizing potential consequences.
Learning of an employee's on-the-job injury can be a stressful event for a New York small business owner. When an employee reports an injury, that event sets off a chain of actions that the owner must complete in order to ensure that the accident is documented and proper action is taken. In the end, the employer may be asked to review the employee's claim for workers' compensation benefits.
When a worker gets hurt while performing the duties of their job, a New York business owner may worry about the types of legal challenges they will face. In many cases the worker will seek compensation for their period of recovery and often that compensation will come in the form of workers' compensation. In order to obtain workers' compensation benefits a worker must fulfill certain steps in the process and the failure to do so can provide employers with options for denying the employees' claims.
Many New York employers are required by state law to have workers' compensation insurance for their employees. Steep penalties exist for employers who do not have required workers' compensation coverage. This blog post will explore the topic of which New York employers must have this kind of insurance policy. A New York workers' compensation attorney should be consulted for further information.