If an employer fails to carry workers’ compensation insurance, they may receive a cease-and-desist order against their business. This may require them to stop legal business operations until they have insurance.
The business may be subject to fines of up to $250 for every day they don’t have proper coverage. This fine could increase to $500 per day. If a workers’ compensation claim reaches a settlement prior to the penalty, the benefits payable to the employee may increase by 50% for failure to maintain insurance. This could be detrimental to the business.
If you’re feeling overwhelmed by how complicated it can be to handle your case on your own, contact one of our experienced workers’ compensation attorneys in Colorado.
Learn more about what happens when your employer fails to provide workers compensation benefits here!
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If you have questions about your workers' compensation rights, speak to an experienced Colorado workers compensation attorney today! We make sure you and your case get the attention you deserve! (970) 945-2396.
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