Workers' compensation is a form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue his or her employer for the tort of negligence.
Workers' compensation protects your business from lawsuits stemming from workplace accidents. It is also a mandatory policy in almost all 50 States for businesses that have employees.
A non-compliance notification is issued by your state for not having the proper workers' compensation insurance policy in place at the time of hiring employees and issuing payroll.
Non-compliance can be financially detrimental to your business if notices go unanswered. The state will fine your company $200 a day for every day you are without workers' compensation coverage, costing more than an insurance policy in most cases.
There are few steps to begin addressing a non-compliance notification. The initial inquiry form is intimidating, but it needs to be answered within the given 30 days with a specific formatted letter. A workers' compensation policy needs to be initiated immediately and cannot be back dated.
We have assisted hundreds of clients with this process successfully and cost effectively. You could hire a workers' compensation attorney to handle this for you, which is very costly and puts the Compensation Board immediately on the defense. With our strategic approach and decades of knowledge we can help ease your mind and fulfill all elements to bring your business back in compliance.