Angiuli & Gentile, LLP
We’ll Take It From Here. 347-201-4447

Gov. Cuomo says Business Relief Act will help injured workers

“Through the 2013 Business Relief Act, the state is providing a practical and affordable way for thousands of businesses to meet their responsibilities so that injured workers can receive the compensation they deserve,” said New York Governor Andrew Cuomo on Friday, Dec. 20.

Gov. Cuomo was talking about how the Business Relief Act would help pay for workers’ compensation claims that went unpaid as a result of an employer that was a member of group self-insured trusts that were insolvent. These business were able to make “artificially low payments” by “entering into the group self-insurance trusts,” according to Joel Shufro, the executive director of the New York Committee for Occupational Safety and Health.

The money allocated under the legislation will be paid in bonds to the New York State Workers’ Compensation Board to assume liability policies.

There was $370 million issued in December, but that wasn’t all that was authorized under this piece of legislation. The Business Relief Act provides that as much as $900,000 may be allocated for use in this way, with the Workers’ Compensation Board administering the claims.

Of course, the businesses that couldn’t pay aren’t off the hook. The Workers’ Compensation Board will take care of the costs now, but the businesses that are a member of these specific trusts will have to repay the costs. The terms of the repayment plan include a 10-year repayment period and interest, although the rates themselves are low.

For the workers that have been injured on the job, a workers’ compensation attorney can help them navigate the law, their claim and ensure that their interests are protected throughout the process.

Source: Insurance Journal, “New York Issues $370M in Bonds to Resolve Workers’ Compensation Claims,” Dec. 23, 2013

No Comments

Leave a comment
Comment Information

Success Stories

  • A 43 year old ironworker who fell four stories and sustained injuries to his ankle while installing a staircase settled his claim for $1,500,000.00. The accident was due to the failure of the building owner and general contractor to provide a safe place to work.
  • A construction worker operating an asphalt roller settled his case for $525,000.00 when the edge of the roadway he was paving collapsed into a trench being dug by a subcontractor causing him to sustain injuries to his leg.
  • A 54 year old commuter settled his case against the NYCTA for $1,200,000.00. when he tripped and fell on a subway platform due to the pavement being in disrepair, causing him to fall forward and to strike his head on a train pulling into the station.
  • The estate of a 64 year old woman received a settlement of $425,000.00 after she was struck and killed by a speeding tractor trailer while crossing the street at the intersection of Richmond Terrace and Port Richmond Avenue.
  • A $1,200,000.00 settlement was reached on behalf of a 54 year old man from Staten Island, New York, who, while in the course of his employment as a bus driver, was rear-ended on the Garden State Parkway and caused to suffer injuries to his back and neck as well as a fractured rib and fractured pelvis.
  • A 47-year-old building superintendent who sustained injuries to his head and right side of his body due to a tripping hazard at his job site received a settlement of $300,000.00 from the electrical company performing work at the site.
  • A 43 year old construction worker was caused to sustain injuries to his back, shoulder and hand when the elevator he was riding malfunctioned and dropped 8 floors. He received $350,000.00 in the settlement of his claim against the building owner, maintenance company and elevator company.
  • The administrator of the estate of a 69 year old man who suffered stage four pressure sores while a patient at a Queens nursing home settled the case for $400,000.00 after the man died.
View More

You Can Trust Angiuli & Gentile to Make a Difference

Schedule Your Consultation

Email Us to Get the Answers You Need

Bold labels are required.

Contact Information

Office Locations

Angiuli & Gentile, LLP
60 Bay Street, Penthouse Floor
Staten Island, NY 10301

Phone: 347-201-4447
Phone: 718-816-0005
Fax: 718-442-6408
Staten Island Law Office Map

Staten Island Office
1481 Hylan Boulevard
Staten Island, NY 10305

Phone: 347-201-4447
Phone: 718-816-0005
Staten Island Law Office Map