Why Workers’ Compensation Coverage Is Critical
New York law requires nearly all employers to carry Workers’ Compensation insurance. Failing to comply can result in:
Lawsuits from injured employees.
Penalties up to $2,000 per 10-day period without coverage, which can easily add up to tens of thousands of dollars.
Stop-work orders issued by the Workers’ Compensation Board until compliance is achieved.
Criminal sanctions for non-compliance.
Personal liability, even if you operate as a corporation or file for bankruptcy.
An uninsured business faces significant financial risk, as New York’s “Uninsured Employer’s Fund” may initially cover an employee’s medical expenses and lost wages. However, the Fund will ultimately seek full reimbursement from the employer through legal action.
How We Help Uninsured Employers
The attorneys at Wugman & Wugman, P.C. specialize in defending uninsured employers and helping them address Workers’ Compensation compliance issues. Our services include:
- Minimizing penalties: We work with the Workers’ Compensation Board’s Bureau of Compliance to reduce fines by demonstrating that non-compliance was unintentional or that steps toward compliance have been taken.
- Defending injury claims: If an employee files a claim through the Uninsured Employer’s Fund or sues directly, we provide a robust defense to protect your interests.
- Ensuring compliance: We guide employers in securing proper Workers’ Compensation coverage or obtaining self-insured status when appropriate.