Understanding New York’s New Paid Sick Time Law

On March 18th, Governor Cuomo signed a bill intended to address employee sick leave, both in connection with the COVID-19 outbreak, and more generally. The bill took effect immediately. SUMMARY OF BENEFITS Employer Size Covid-19 Benefits (Effective Immediately) Sick Leave Benefits (Effective 9/14/20) 4 or fewer employees and net profits of $1 million or less Unpaid sick leave for the duration of the Quarantine Order 40 hours of unpaid leave 5-99 employees or net profits of more than $1 million 5 days paid leave then unpaid sick leave for the duration of the Quarantine Order 40 hours of paid leave 100+ employees 14 days paid…

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Cuomo Administration: Insurance Considered “Essential Business”

However, please be advised that the best practice is still for you to have as many people as possible work from remote locations. Also, per the ESDC, you still must maintain a clean and safe work environment as required by the New York State Health Department. ​Remote Working Resources For more Coronavirus resources, visit our resource page.​ Source

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NYSIF’s Approach with Policyholders Regarding the Coronavirus

​Big I NY President & CEO, Lisa Lounsbury spoke to Eric Madoff, CEO & Executive Director at New York State Insurance Fund, this morning regarding NYSIF’s approach to work with policyholders regarding the coronavirus.  We are very pleased to share the following correspondence that will go out to NYSIF policyholders later today.  In addition to offering premium payment flexibility, NYSIF recognizes that payrolls may decrease and is willing to adjust premium payments to meet policyholder needs.​​​ ​Dear Policyholder,Extraordinary times call for extraordinary solutions. As the coronavirus (COVID-19) takes its toll on New York businesses, NYSIF stands ready to help by lowering your premium to reflect…

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