Certificate of NYS Workers' Compensation Insurance Coverage Form

What is the Certificate Of NYS Workers' Compensation Insurance Coverage

The Certificate of NYS Workers' Compensation Insurance Coverage, commonly referred to as the C-105.2 form, serves as proof that a business has obtained the necessary workers' compensation insurance as mandated by New York State law. This certificate is crucial for employers to demonstrate compliance with the state's workers' compensation requirements, ensuring that employees are protected in case of work-related injuries or illnesses. The C-105.2 form is typically issued by the insurance carrier and must include specific details such as the policy number, the name of the insured, and the effective dates of coverage.

How to obtain the Certificate Of NYS Workers' Compensation Insurance Coverage

To obtain the Certificate of NYS Workers' Compensation Insurance Coverage, businesses must first secure a workers' compensation insurance policy from a licensed insurance carrier in New York State. Once the policy is in place, the insurance provider will issue the C-105.2 certificate. It is important for employers to request this certificate directly from their insurance carrier, as it is not a form that can be completed independently. Employers should ensure that all information on the certificate is accurate and up to date, as this document may be required for various business transactions, including contract bids and licensing applications.

Steps to complete the Certificate Of NYS Workers' Compensation Insurance Coverage

Completing the Certificate of NYS Workers' Compensation Insurance Coverage involves several key steps:

• Secure a workers' compensation insurance policy from a licensed carrier.
• Request the C-105.2 certificate from your insurance provider.
• Verify that the certificate includes essential details such as the policy number, business name, and coverage dates.
• Review the certificate for accuracy and completeness before using it for compliance or business purposes.

Key elements of the Certificate Of NYS Workers' Compensation Insurance Coverage

The C-105.2 certificate contains several critical elements that validate the workers' compensation coverage:

• Insured's Name: The legal name of the business or employer.
• Policy Number: The unique identifier for the insurance policy.
• Effective Dates: The start and end dates of the coverage period.
• Insurance Carrier: The name and contact information of the insurance provider.
• Signature: The certificate must be signed by an authorized representative of the insurance carrier.

Legal use of the Certificate Of NYS Workers' Compensation Insurance Coverage

The Certificate of NYS Workers' Compensation Insurance Coverage is legally recognized as proof of compliance with New York State workers' compensation laws. Employers are required to provide this certificate to various entities, including government agencies, clients, and contractors, especially when bidding for projects or applying for permits. Failure to present a valid C-105.2 certificate can result in penalties, including fines and restrictions on business operations. It is essential for employers to maintain an up-to-date certificate to avoid legal complications.

Penalties for Non-Compliance

Non-compliance with the workers' compensation insurance requirements in New York can lead to significant penalties. Employers who fail to provide proof of coverage, such as the C-105.2 certificate, may face fines imposed by the New York State Workers' Compensation Board. Additionally, businesses could be subject to stop-work orders, which halt all operations until compliance is achieved. In severe cases, employers may also be liable for medical expenses incurred by injured employees during the period of non-compliance.