Are you a new business owner thinking about hiring employees? If you live in New York, you will need to provide workers’ compensation coverage for your prospective employees per New York Workers’ Compensation Laws.
You are probably wondering what things workers’ compensation can cover. Read on to learn about them.
Repetitive stress injuries
Workers’ compensation pays for repetitive stress injuries like carpal tunnel syndrome. Employees at the most risk of carpal tunnel syndrome include those data entry workers, assembly line workers and musicians.
Ongoing medical treatment
Depending on the severity of their injuries, some employees need ongoing medical treatment like physical therapy. Workers’ compensation covers it for as long as the employee needs it.
Funeral costs
Should an employee die on the job, either through an illness or accident, workers’ compensation pays for their funeral expenses. In addition, if the employee has a surviving spouse, minor children and/or next of kin, they will receive financial support.
Medical expenses
Workers’ compensation pays for ailments related to on-the-job illnesses or injuries. Some medical expenses it covers include surgery, prescription medicine and hospital bills.
Lost wages
While an employee heals from an injury or illness, workers’ compensation pays for the wages lost during missed work days.
You will also need coverage for disability benefits
A New York employee can also claim weekly cash benefits when they receive an off-the-job injury or illness. If they’re unable to work, disability benefits can cover unemployment insurance benefits lost due to an injury or illness. Benefits are equal to half of an employee’s average weekly wage for the last two months worked, with a maximum available of $170 per week.
As a business owner, you must know what workers’ compensation pays for to ensure your employees’ welfare and guard your company against financial troubles (and possible litigation). If you have questions about the intricacies of workers’ compensation, seek experienced legal guidance for assistance.
