Workers' Compensation Audit | We Address All Your Needs

A workers’ compensation audit is an assessment and evaluation of your company’s payroll during the time your insurance provided compensation to a worker for many reasons.

After hiring a new employee, the first thing an employer must do is file for insurance for their workers so that the worker can be looked after in case of any minor or major injury. It also protects the employer from liability as the insurance covers the cost. Most states make it compulsory that an employer do workers’ compensation insurance. Independent contractors and freelancers are usually exempt from this.

The state government can ask any company to show their records and data of any worker’s compensation that they have provided.

To understand worker’s compensation audits, all employers must fully understand workers’ compensation in NYC to successfully deal with the state laws. If you find it challenging to manage, Tax King Service provides you with required workers’ compensation audit services in New York.

So, let us learn how workers comp audit in New York!

Understanding Workers Compensation Insurance Audit in NYC

Workers’ compensation provides a specific amount through insurance to your employee in case of any harm or injury during work. Workers’ compensation can be provided if:

• The employee is injured due to work in the workplace.
• The employee is injured because he is outside the premises to perform his office task.
• The employee is majorly injured and faces permanent disability that decreases his standard of living.
• The employee dies while at work. In this case, remuneration is provided to the employee’s family.