In the state of New York you are required to purchase Workers Compensation (and Short-term Disability) starting the first day that you have an employee working for you.
Most often you can take a workers compensation policy out with the same insurance carrier that provides you Business Insurance or General Liability. There are select cases where only the New York Workers Compensation Fund will provide coverage.
Either way if you do not have coverage starting the first day you have an employee the state can fine you or put a “Stop-Work” order on your business.
Watch this video “When Do I Need Workers Compensation Insurance for My Employees?” for more details:
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If you have additional questions regarding workers compensation insurance or if you would like to discuss and receive a quote for a workers compensation insurance policy use the link below:
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