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How to get Your Car Stolen in One Easy Step

According to this article in the Patriot News, car thieves specifically look for unattended cars with the keys left in them.  Is that really a surprise?

Lawsuit Protection Planning

Introducing our newly developed Lawsuit Protection Planning Worksheet. We developed this form so you can make sure your insurance program is keeping up with your lifestyle. Take charge and make sure your stuff REMAINS your stuff! View the video and complete the worksheet.

Who will pay for your Long Term Care?

Misperceptions abound regarding the need for a plan and who ultimately benefits from proper planning according the experts.

Buy or Lease

It’s hard enough to decide what kind of car best fits your needs and budget.  Then you have to decide how you’re going to pay for it.  I found this tool by SmartMoney.com to be pretty helpful.

Rental Properties

Because many of our clients own rental properties, a recent article in the Patriot-News prompted me to post this link to the PA Landlord and Tenant Act.  Remember, even if your tenant has an apartment full of garbage, rodents, and mold, there are certain notice requirements that must be met for you can legally force an eviction. 

Best Deal on Gas

Looking for the best deal on gasoline in your area?  Now you can just fire up the internet and go to www.gasbuddy.com for a quick rundown of local fuel prices.  You may also want to try www.gaspricewatch.com.

Life Stages

Clients often ask about what types of insurance protection they should consider at different times in their lives. Life Stages is an easy to use informational guide on insurance and financial planning priorities. It takes you from student, single, married, raising children, and retirement. It also deals with divorce, domestic partnership, and job changes. All in all it is a simple tool to help jumpstart your thought process.

Life Insurance Guide

How much life insurance do you need? That’s the million dollar (or more) question!  Use this easy interactive guide to help you make an informed decision.

Tax Rebate Information

Want to know how much of a rebate you’re getting as a result of government’s economic stimulus package?  Click here to go to the IRS website.  Answer a series of questions and PRESTO, you’ll instantly find out how much (or how little) you’re getting.  Good luck!

Car Guide

So you’ve finally decided to purchase a new car.  But what car should you buy? Check out this Erie Insurance Car Guide for its TOP 120 picks. Choose a vehicle that fits your lifestyle and budget without sacrificing safety.

  

Part 1 of a 6 Part Series: 
The 6 Things Every Employer MUST Know About
Workers' Compensation Insurance


No Workers Comp?  Go to Jail!  Go Directly to Jail!

Having just returned from the annual Pennsylvania Workers’ Compensation Practice and Procedure symposium, it’s evident that the only constant in the workers comp arena remains what a huge headache it is for employers. Sure, the price for workers’ compensation insurance has been declining recently, but proper compliance remains a challenge. These are not minor issues folks.  Screw up here and you may find yourself out of business, in jail, or both! 

Because I have with both the insurance industry and the legal profession, I am occasionally conflicted about what the right answer ultimately is in any particular employer / employee situation.  However, if you employ people, you absolutely MUST carry workers compensation insurance.  No exceptions – well, unless your employees are all Amish.   

The Requirement

The Pennsylvania Workers’ Compensation Act mandates that employers pay for the medical bills of workers who suffer a job related injury or illness.  If the employee is unable to work due to the injury, wage loss benefits are also required until the employee is able to return to the job.  If the worker is killed or subsequently dies, death benefits are paid to the worker’s dependent survivors.  The employer has the choice of buying coverage to pay for these benefits from a private insurance company, from the State Workers Insurance Fund (SWIF), or self-insuring. 

The Pennsylvania Department of Labor and Industry website outlines who is subject to the requirements of the Act: 

The requirement to insure workers’ compensation liability is mandatory for any employer who:

a.  Employs at least one employee who could be injured or develop a work-related disease in this state, or

b.  Could be injured outside the state if the employment is principally localized in Pennsylvania, or

c.  Could be injured outside the state, while under a contract of hire made in Pennsylvania, if the employment is not principally localized in any state, if the employment is principally localized in a state whose workers’ compensation laws do not apply or the employment is made outside the United States and Canada.

Some employers foolishly don’t think this applies to them if they use seasonal or part-time workers.  Not true.  It also doesn’t matter if the business or organization is a non-profit, partnership, corporation, LLC, sole proprietorship, etc… 

What if I “blow off" the requirement?

The short answer is that you can incur both civil and criminal liability.  Section 305 of the Pennsylvania Workers’ Compensation Act states that an employer’s failure to insure its workers’ compensation liability is a criminal offense.  Every day an employer fails to insure is a separate offense.  Depending on the circumstances, the crime will either be classified as a third-degree misdemeanor or a third-degree felony.  So what does all that mean?

In Pennsylvania, a third-degree misdemeanor conviction can get you a $2,500 fine and up to one year in jail for every day you are non-compliant with the Act. A felony conviction can result in a $15,000 fine and up to seven years imprisonment for each day of non-compliance.

Not enough to convince you yet?

Not only does an uninsured employer face criminal charges, the employer is subject to tremendous civil liability as well. An injured employee can now sue the employer for work-related injuries or diseases.  Such suits are normally barred if the employer maintains workers’ compensation insurance.  Furthermore, it is very likely the employee will win an amount that is much higher than they would have been awarded under workers’ compensation.  The court will also require the employer pay court costs and the cost of prosecuting the case.

OUCH!  A recent example of what can happen.

On January 22, 2008, a local roofing and siding company and its owner, each pled guilty to nine misdemeanor counts of the third degree in the Bucks County Court of Common Pleas for failing to insure its workers’ compensation liability.  The owner was sentenced to seven years of probation and also had to pay restitution in the amount of $93,108.06 to an injured employee and payment of the cost of prosecution.  The company was also sentenced to pay restitution and prosecution costs.  The company is s no longer in business. 

They’ll never catch me?

Maybe. Maybe not.  But did you know that if one your competitors’ thinks you are operating without workers’ compensation insurance they can have you investigated?  Not a bad deal.  Pick up the phone, call Labor and Industry, and eliminate the competition.  I don’t know about you but I wouldn’t want the future of my business in the hands of an adversary.  Quite frankly, with workers’ compensation insurance being readily available at historically reasonable prices, there is simply no reason to risk criminal and civil penalties for non-compliance. 

 
    

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