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Workers Compensation Penny Wise and Pound Foolish

As the anti-drug folks like to say, “Just say no.” Here’s what happens when an employer decides to save a buck.

Is It Worth It?

Earlier this year, according to the Dayton Daily News an Ohio business was indicted on felony charges by a county grand jury for allegedly failing to pay required workers’ compensation premiums over a period of time

The Troy business must now pay nearly $28,000 in restitution after its corporate president pled no contest on behalf of the company to a felony workers’ compensation fraud indictment. In addition, payment of court costs were assessed. A misdemeanor workers’ compensation fraud claim against the company executive will be filed in county Municipal Court. (workersxzcompxzkit) .

The attorney for the defendant said his client is working with Ohio’s Bureau of Workers Compensation regarding a payment plan.

Author: Robert Elliott, J.D.

Click on these links to try it for yourself.
WC Calculator: www.ReduceYourWorkersComp.com/calculator.php
TD Calculator: www.ReduceYourWorkersComp.com/transitional-duty-cost-calculator.php
WC 101: www.ReduceYourWorkersComp.com/workers_comp.php

Do not use this information without independent verification. All state laws are different. Consult with your corporate legal counsel before implementing any cost containment programs.

This entry was posted on Wednesday, June 17th, 2009 at 3:12 pm and is filed under Fraud and Abuse, Insurance Issues, Rates, Premiums. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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Workers Compensation Penny Wise and Pound Foolish

Workers Compensation Management Program - Reduce Costs 20% to 50% covers the following

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