I run a small business in new york out of my home office. Work has been getting a little busy and I was thinking of hiring an employee. I have tried outsourcing, but it hasn't worked well - the job involves lots of technical writing, so I'd really like one IN OFFICE employee that I can work closely with in person. (And eventually expand into an office with several employees.)

My question - I New York State, would I need workman's comp insurance for just ONE employee? If so, how much would it end up costing me?

I know I'd be responsible for paying salary, fica, workmans comp insurance....what other hidden costs should I factor into the equasion?

Thanks.