As an entrepreneur, you get to be your own boss but you also have to deal with added responsibilities to ensure your business operates within the lines of the law. One such obligation is the requirement to obtain workers’ compensation insurance, which covers employees should they get hurt while working for you. Here, the small business lawyers of The Law Office of W. Randall Holcomb in Greensboro, NC, share what happens to those who neglect this duty.

The Consequences of Non-Compliance

In North Carolina, there has been a crackdown in recent years on employers who skimp on workers’ comp. Investigators have examined hundreds of businesses, fining them in cases where they neglected this requirement. As any small business lawyer will tell you, the state’s Industrial Commission, which is responsible for enforcement, continues to pursue cases of non-compliance.

In most cases, breaking these regulations results in a misdemeanor charge. Fines can range from $50 to $100 per day of non-compliance. The Industrial Commission has already amassed nearly $1 million in penalty assessments from uninsured business owners. In the worst case, employers can be charged with a Class H Felony and even face jail time.

What to Do if You Are Caught

State laws require that any business owner with three or more employees secure sufficient workers’ compensation. These guidelines provide further details on liability. If you are facing Penalty Assessments for failing to secure workers’ compensation, consult a small business lawyer as soon as possible. They can help you fight the claims and mitigate the consequences.

For help in the Greensboro, NC, area, trust The Law Office of W. Randall Holcomb for assistance. These small business lawyers are known for the personalized and detail-oriented attention they give their clients. Your case will get top priority—not lost in a shuffle of paperwork. Find out more about their services, from business litigation to business formation, online. For an appointment, call (336) 888-8760.