What It Means For Businesses Without Workers Compensation

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What It Means For Businesses Without Workers
Compensation
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• Did you know that if your business doesnt carry
  valid workers compensation insurance, then you
  could be liable to face criminal prosecution and
  costly fines, and it could even result in
  litigation? If your business is small and only
  has one employee, for example, you must still
  carry workers compensation insurance for them,
  even if they are on a temporary contract.
  However, many employers and business owners are
  either not aware that state law requires them to
  carry insurance, or they have found it too costly
  to purchase in tough economic times.

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• What are the consequences of a business not
  carrying workers compensation insurance?
• If a worker has an accident while in the
  workplace - or out in the field depending on
  their job role - then the consequences for you
  and your business can be devastating. As an
  uninsured employer, you may find yourself facing
  a workers compensation claim, and if so, you
  must act quickly to minimize any adverse
  consequences that could damage your business.
• If your business is facing a compensation claim,
  what can you do?
• The first thing you should do if faced with a
  claim for compensation as an uninsured employer,
  is get yourself some professional, legal
  representation,

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• as failing to carry workers compensation
  insurance is classed as a criminal misdemeanour
  and is punishable by a jail term of up to one
  year, or a fine of up to 10,000. A law firm that
  specializes in this field would be best, and they
  can run through your legal options with you. If
  you dont seek professional help, youll
  doubtless find the whole situation overwhelming,
  and it may seem as if you have run out of
  options. As the employer of a worker who has had
  an accident at work and filed a compensation
  claim, you are legally responsible for the
  payment of all medical bills that may be
  associated with the accident, and the injured
  employee can also file a civil lawsuit against
  you in which you will be presumed negligent and
  may lose the defence of contributory negligence.
  The recovery of damages that might lead on from
  this, could amount to a not insignificant amount.

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• What is at stake if your business faces a
  compensation claim without insurance?
• The very existence of your business could quite
  literally be at stake, unless you can
  successfully negotiate with the employee who has
  made the claim, governmental agencies and
  providers of services, to limit the payments and
  fines.
• Not carrying workers compensation insurance is
  simply not worth the risk, so for more advice on
  what options are out there for your small
  business, seek professional help and guidance
  immediately.

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• Apollo Payroll is one of the premier small
  business payroll companies in Miami Beach and
  Coral Gables. Apollo Payroll is dedicated to
  delivering expert advice, responsive service, and
  highly accurate payroll processing and reporting
  to ensure the success and growth of the business
  that we serve. Our services include comprehensive
  payroll service in Miami and other cities in
  Miami-Dade County, employee background check and
  group health insurance in Coral Gables Miami.