The costs that go into providing workers’ compensation benefits may not seem important to many people. After all, employers are legally required to offer workers’ comp benefits to their employees, with a few exceptions, and as long as the workers are able to take advantage of the benefits, you might decide that you don’t care about the costs. However, when you consider that the state with the nation’s highest workers’ comp premium rates has a rate nearly twice as high as the median rate across the entire United States, the disparity becomes notable.
According to a recent study, the state of New York has the fourth highest premium rates throughout the entire country, behind only California, Connecticut and New Jersey. The reasons for these higher rates are debatable, and could be anything from higher risks to workers in the area to more expensive litigation processes. With this in mind, it is not surprising that the state of New York has made changes to workers’ compensation laws in order to limit the amount of compensation injured workers can receive.
In the last decade, New York’s laws have changed to place a cap on the maximum amount of compensation victims of workplace accidents are entitled to. The cap is based on the severity of the victim’s injury. With this in mind, it is even more important to make a strong case to demonstrate how serious your injury is so that you can receive the compensation you deserve for your injury.
Of course, the state of New York is trying to be more frugal with its workers’ compensation benefits, which is why victims can benefit from the aid of an attorney. Consulting with a legal adviser who is familiar with New York’s workers’ compensation laws can ensure that you receive the compensation you need to fully recover from your injury without suffering a lapse in quality of life.