Welcome To The Workers Compensation Penalties Page!
If you are looking to get your Penalties Removed or Reduced you have come to the right place.
If your business has been closed shut down for not having Workers compensation insurance call us immediately!
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I am expert in Workers Compensation Insurance, I will remove, abate, eliminate or reduce your workers compensation penalty. I guarantee it. Call me now if you have any questions about workers Compensation insurance in New York State Workers Compensation penalties and interest can quickly turn a reasonable debt into something completely unaffordable and financially burdensome.
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The law requires employers operating in New York State to have workers’ compensation coverage for their employees, with limited exceptions. Employers are required to obtain and keep in effect workers’ compensation coverage for all employees, even part-time employees and family members that are employed by the company. The following is a brief summary of the liability and penalties for violations of mandatory workers’ compensation insurance coverage requirements.
Recently, New York State has increased its efforts to penalize business that did not comply with the State’s Workers’ Compensation law and, as part of the process, the State significantly increased the penalties. Once New York State has obtained a judgment, it can seize bank accounts and place liens on valuable and critical business assets. If unpaid, the amount of the judgment may increase with the accumulation of interest. In addition, a judgment can negatively impact a company’s credit report and score, its ability to obtain financing, and its relationships with vendors.