A Rundown Of The Risks Of Not Having Workers Compensation Insurance Orlando

By Diane Bell


Workers compensation laws vary from state to another. In the majorities of states, however, these laws will make it clear that it is mandatory for companies to have dependable policies that protect workers who fall sick or get injured on the job. There are some serious consequences of having employees, yet you do not have the needed coverage. If you require workers compensation insurance Orlando can offer you a reliable number of top rated policy providers.

To begin with, failure to carry a policy could lead to criminal charges. In this case, you would be charged for failure to comply with the workers compensation insurance requirements of your state. Ideally, you can get charged even if nobody is yet to be injured. You would be found guilty of a fourth degree crime for deliberately failing to carry coverage. A conviction can attract a penalty of about $10,000 or incarceration for up to 18 months.

Apart from being charged with a crime, you could also get a stop-work order. Such an order typically attracts a penalty of up to $5,000 for the initial ten days of failing to comply with the law. Each ten day period thereafter of not obtaining the needed coverage would also attract an additional $5,000. The authorities can also prohibit you from using employee labor until you have purchased the necessary coverage.

It should be understood that you may also get snarled in costly lawsuits. If a seriously injured employee sues you, you may be unable to afford compensation since you lack coverage. Sadly, you would have to own up and settled the incurred medical costs and lost earnings from your own pocket.

Whether you get sued, penalized or charged with a crime, the bottom line is that you would suffer from a substantial loss of profits. A lawsuit in specific can easily cripple your operations, perhaps even force you to close down your company. It is hence in your best interests to invest in adequate workers compensation coverage.

Employers will in most cases want to know if fault can influence eligibility. In the majorities of cases, fault will not play a role in matters regarding employee compensation benefits. This means that an employee will still get compensated even when an accident was partly his or her fault. A worker can however not be paid if the injuries were self-inflicted or he or she was not sober at the time of an incident.

Proper coverage offers protection in case of any kind of accident. Workers therefore get compensated for any injuries suffered when they are actively on duty. They can also get paid in case they suffer from occupational diseases. In this case, however, one would have to prove that his or her health was affected over the course of employment.

In case an employee wants to file a claim, he or she can depend on the expertise of a seasoned attorney. The professional can provide guidance and ensure that critical mistakes are not made. Bear in mind that there are basic mistakes that could result in the denial of an appeal.




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