Rochester Workers Compensation Insurance

15391545_sWorkers compensation insurance is designed to protect workers who sustain injury on the job or develop a work-related illness, regardless of fault. It is designed to assure that workers who are injured on the job receive medical care and lost wages, while protecting employers from lawsuits filed by injured employees.

A Workers Compensation policy generally includes the following protections:

  • Medical treatment for on-the-job injury or illness
  • Temporary disability payments to the employee for lost wages
  • Compensation for permanent injuries to an employee
  • A death benefit for the employee’s survivors in the event of a fatal injury
  • Legal representation for the employer provided by the insurance carrier
  • Protection for employers against most lawsuits for on-the-job injuries

Do I need to buy Workers Compensation insurance?

With few exceptions, if you have employees you are required in New York to provide Workers Compensation insurance (or obtain self-insurance) and can be fined by the state for failing to do so.  Notable exceptions exist for sole proprietorships and partnerships with no employees and businesses that only use independent contractors who carry their own coverage.

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How are Workers Compensation premiums determined?

On their most basic level workers compensation premiums are based upon the employer’s industry classification code and payroll.  Each classification code is assigned a rate by the New York State Workers Compensation Rating Board based upon the loss costs and risk level of that particular industry or occupation.  The rate is multiplied per $100 of associated payroll and the resulting premium can then be adjusted based on an individual employer’s loss experience, as well as any credits or debits.   The formula is designed to reduce premiums for employer’s who have lower than average claims frequency/severity when compared to other employers in the same industry.

Let our experience work for you!

Pittsford Insurance Agency is partnered with many of the highest-rated workers compensation carriers in the industry.  We have the experience to do a full top-down review of your operation and identify errors and exposures in your existing policy.  We will work with you to identify opportunities to reduce your annual premium through proper classification, payroll review, available credits, and risk management.

Call 585.389.4150 or email us today to discuss how we can help your business secure the best coverage at the lowest possible rate!