The cost of not carrying workers' comp: $1.5M
Here’s a company that learned that a very expensive lesson about workers’ comp insurance: Employers who choose not to carry it and refuse to heed stop-work orders face harsh penalties for their choices.
Here’s what happened: Ultimate Tours, LLC and Godwin Glacier Tours, LLC failed to carry workers’ comp and knowingly misclassified its employees as independent contractors to avoid paying workers’ comp premiums.
The tour company also ignored stop-work orders that the Alaska Workers’ Compensation Board issued for its failure to insure employees.
As a result, Ultimate Tours, LLC and Godwin Glacier Tours, LLC were charged a $1.5 million civil penalty by the Alaska Workers’ Compensation Board.
- Share on
Free Training & Resources
Further Reading
A rule that hadn’t changed since 1954 may be getting an update. The IRS has proposed eliminating the 1099 filing requirement for paym...
A federal court has approved a proposed $162 million class action settlement between Public Partnerships LLC (PPL) and personal assistants ...
The metropolitan areas where employers and employees want to settle are in flux this decade. COVID-19 accelerated the flexible on-site ...
The IRS recently announced changes to retirement plan numbers for next year, putting your year-end prep in high gear. The 401(k) plan sa...
Misclassifying employees as independent contractors can leave employers facing significant wage-and-hour liability. DMV Protection...
Among the many provisions of the Secure 2.0 Act, several deal with the paperwork responsibilities that fall on retirement plans. The Sec...
