NEW YORK REQUIRES EMPLOYERS TO PROVIDE DISABILITY BENEFITS TO EMPLOYEES WORKING IN THE STATE. IF YOU’RE AN NY EMPLOYER, READ ON!
As a New York employer you may or may not know you are required by the state to purchase New York State disability insurance through the State Insurance Fund. This fund was set up to provide cash benefits on a temporary basis while eligible employees recover from a non-work-related disability.
These benefits are available for workers who become temporarily disabled due to an off the job illness or injury, including pregnancy. The New York State Disability Benefits Law states that all NY employers with one or more employees must provide the benefit.
Employers are also authorized by law to deduct half of the 1% of wages paid, not in excess of 60 cents per week from employees’ wages.
So, what does the benefit provide employees:
Weekly cash benefits
Replacement of a portion of wages while disabled
What doesn’t it include: medical care. This insurance isn’t limited strictly to for-profit businesses. Nonprofit organizations including educational, charitable, and religious institutions are also required to obtain New York State disability insurance if they employ one or more employees for certain periods of time, as outlined in the law.
There are some exclusions that apply as follows:
Christian science readers
Members of religious orders
If you are an employer in New York and need disability insurance, The Russell Agency, LLC is here to help. We are authorized to write New York State disability insurance. In addition, we make it our job to provide superior customer service to every business professional that walks through our doors. We know your job comes with a unique set of pressures. So leave the insurance realm to us so you can focus on your business’ or organizations’ success!
Call us today at 888-926-3564 or fill out the form on this page to get started.