Workers compensation insurance plays a pivotal role in ensuring fair treatment and protection for both employees and employers in New York. In this comprehensive guide, we delve into the intricacies of what is workers compensation insurance in New York , its legal framework, and recent trends affecting its application. Whether you're an employer, an employee, or a legal professional, understanding these facets is crucial for navigating the New York labor landscape effectively. 👥 The Basics of Workers Compensation Insurance Workers compensation insurance is a statutory requirement in New York, designed to provide financial benefits and medical care to employees who suffer work-related injuries or illnesses. This insurance not only safeguards employees but also protects employers from potential lawsuits arising from workplace injuries. It is mandatory for most businesses, ensuring a balanced system where injury-related expenses are covered, and litigation is minimized. 📦 Key...