The penalty for not having workers' compensation insurance can vary by state, but generally includes fines, legal action, and potential liability for any workplace injuries or illnesses. It is important for businesses to comply with workers' compensation laws to protect both employees and the company.
If you have employees, even day labor guys, you MUST carry workers compensation insurance for them. If you have no employees you simply file your workers compensation exemption form with the Contractors State License Board (CSLB). They will note your license as exempt from having workers compensation insurance and that you certify that you have no employees. Even if you file an exemption, your customer/client can require that you carry workers compensation insurance if you agree to do so in a contract.
The penalty for not having health insurance in 2015 was a fee imposed by the government, known as the individual mandate penalty.
If there are no employees in the business, there is no need for workers compensation. However, handymen, landscapers and other part time contractors may be considered employees and need to be covered. The defining factors between an independent contractors (do not need to be covered under workers compensation) and employees (do need to be covered under workers compensation), has a lot to do with them having a contractors license, insurance, workers compensation for their employees, etc. If you are unsure, it is best to disclose the possible employees to the insurance company and let them decide if they need to be included or not.
The penalty for not having health insurance in 2017 was either a flat fee or a percentage of your income, whichever was higher.
The penalty for not having health insurance for 6 months is typically a fine imposed by the government.
The penalties for not having health insurance include a tax penalty imposed by the government. This penalty is known as the individual mandate penalty and is enforced to encourage people to have health insurance coverage.
You can pay the penalty for not having health insurance when you file your federal income taxes. The penalty amount varies depending on your income and family size.
Your homeowners insurance does not provide coverage for hired workers. It is advisable that you ensure your contractor's doing the remodeling job for you have liability insurance in the event they damage your property or someone else's and appropriate medical coverage or workman's compensation for their workers.
In 2017, the penalty for not having health insurance was either 695 per adult or 2.5 of household income, whichever was higher.
The penalty for not having health insurance in 2017 is either 2.5 of your household income or 695 per adult, whichever is higher.
In 2017, the penalty for not having health insurance was either 695 per adult or 2.5 of household income, whichever amount was higher.
The tax penalty for not having health insurance in 2016 was 695 per adult or 2.5 of household income, whichever was higher.