Attention all employers with workers in New York State! Did you know disability insurance coverage, often referred to as the “little disability” or statutory disability coverage, is mandatory for all your employees—whether they’re working remotely or right in New York?
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Previously, insurance brokers like us could conveniently backdate the effective date of your disability insurance coverage. This was especially helpful if your payroll company forgot to mention that disability coverage isn’t included in workers’ compensation policies. But here’s the important news:
New York State law has changed—no more backdating is permitted.
That means if your coverage isn’t set up correctly from the start, you could face serious compliance issues. Workers’ compensation alone won’t protect you fully—disability insurance is required separately.
How can you stay compliant?
- Always purchase NYS disability insurance at the same time as your workers’ compensation.
- Don’t rely solely on payroll providers for your insurance advice.
- Work closely with your insurance broker to ensure you’re fully covered from day one.
Need help understanding your obligations? Don’t wait until it’s too late—get in touch with us today!
Remember: The wrong coverage is never a bargain.