Failing to carry required workers' compensation insurance can have devastating financial and legal consequences for your business.
Legal Penalties
In most states, operating without required workers' comp is a criminal offense. Penalties can include fines of thousands of dollars per day and even jail time for business owners.
Financial Liability
Without insurance, you're personally liable for all employee medical costs, lost wages, and rehabilitation expenses from work-related injuries. A single serious injury could bankrupt your business.
Business Consequences
- Loss of contracts requiring proof of insurance
- Stop-work orders from state regulators
- Lawsuits from injured employees
- Damage to business reputation
Workers' comp premiums are a small price compared to the potential costs of non-compliance. Contact BlackArrow for a quote.
