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If your company is facing stop work order, our group experts are here to help you regarding your case and possible premium penalties.
The New York Department of Financial Services, Division of Workers Compensation has been given authority by the State Legislature to conduct workers' compensation premium audits that examine your records for the preceding three years. Every check that was written and every dollar that was received will be examined to determine compliance with current workers’ compensation laws. The penalties that result from these premium audits can be financially devastating, ranging into the millions, and can also open the possibility of future felony criminal prosecution. In addition to the looming penalty and possible criminal prosecution, you will not be able to work until the audit has been completed. Audits can take up to 60 days or more, depending on your individual case, and can cost thousands of dollars in lost business opportunities.
Time is of the essence. Contact us so that we can assess the key facts, provide advice, and perform an audit to determine what the penalty assessment should be before your business records are turned over to the State's investigator. It is in your best interest to have someone more knowledgeable than the State's investigator articulating your position, doing everything legally possible to limit the amount of penalty that is assessed and speeding up the time when the stop work order can be lifted. A speedy and intelligent handling of the administrative case may prevent prosecution of criminal charges based upon the same conduct.
