How do I know if my business needs a workers compensation policy?
If you own a business in Central New York with at least one employee, then a work comp policy is a must-have. But, even without employees, you could still find yourself needing the coverage. It might feel like the most overwhelming piece of your business's insurance.
No more anxiety over your workers comp policy
You don’t want to feel intimidated by the complexities of an insurance policy. You want to reduce anxiety about whether you have the right coverage. You need confidence, not uncertainty, that your business and employees are better protected. You want to feel at ease, knowing your workers comp policy addresses your coverage requirements.
You want straightforward explanations from people who listen and understand your business challenges. You need an advisor who can translate complex policy language into clear recommendations. We provide guidance to help you select coverage, limits, and deductibles. You want assurance and simplicity, not confusion around a policy to help protect your livelihood.
What Our Clients Are Saying
“I always feel confident my insurance needs are covered with Steve and his team. They reach out if they find me a better rate, they clearly review my coverage so I understand, and communication is so easy with them.”
Lizzy Martin
“Steve is easy to work with and incredibly knowledgeable. He explains the details of your policy, highlighting the pros and cons of options. He really helped me to better understand what I was purchasing.”
Erin Wisneski
Education Station
Learn how to choose the right coverage for your needs, how to save money on your premiums, and how to make the most of your benefits. Whether you’re a new or existing client, you’ll find valuable information and tips that can help you protect yourself and your assets.
FAQ
Common Questions and Answers About Your Workers Comp Insurance Policy Options
Why is my customer asking me for proof of workers' comp coverage when my business is just me?
If you were injured on a job for a customer as a sole proprietor without workers comp, the customer could potentially be held liable for covering your injury costs through their own insurance policy. This scenario poses a financial risk that your customer and their insurance provider want to avoid. By showing proof that you carry your own workers' comp policy, you help mitigate this risk for the customer requesting coverage verification.
Are subcontractors covered on my business's worker comp policy?
No. You should ensure that your subcontractors have their own workers compensation insurance. Be sure to ask for evidence of coverage via an insurance certificate.
Is workers compensation expensive?
Workers compensation can be the most expensive insurance policy for your business. The cost varies widely. The factors controlling the cost are:
- The type of work you do
- the amount of your payroll, and
- claim history.
A small professional office with just a few employees typically costs about $1,100 per year. However, a restaurant with the same number of employees and payroll can exceed $2,000 because of the heightened risk.
Buy a workers comp policy you can wrap your mind around. One that's ready to address insurance requirements for your business
You want to feel certain your workers comp helps protect your business. You need straightforward guidance to ensure you have the right coverage, not gaps. You want to avoid paying for the wrong insurance. And you don’t want to face being denied for a policy due to oversight.
With an independent CNY insurance agency, you'll get:
- Advisors who listen and explain policies clearly
- Confidence you made the right choices
- Agency guidance based on your insurance requirements
- Coverage and composure that your business is covered