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Aug 7, 2018

New York Worker’s Compensation Penalty Board- Personal Liability And Discharge

The Penalty Board Lawyers for New York’s Compensation office has represented numerous homeowners and small businesses over the years. All of our clients have been faced with fines and judgments against them for not having the required type of insurance coverage under the law. We have been able to save our clients more than $1,000,000 in fees and you could be the next client we help save money.

You may think that if you simply close down your business all of your problems will go away. However, this is not a good enough defense on your part. According to the penalty board, the owners and proprietors of a business could end up being personally liable for failure to acquire ample insurance coverage. We have even seen the board try to collect money from owners and business corporate officers. Additionally, a bankruptcy may not even be enough to get out of owing these fees and judgments.

If you were to try and file for bankruptcy, you would need the help of a bankruptcy lawyer to help you with the specific penalties you are facing. These penalties from not having the right type of insurance coverage may include a Stop Work Order to close down your business, criminal liability charges and even civil fines. In order to fight these penalties and be able to keep your business, you should consult with a reputable compensation defense attorney.

Common Questions Regarding Penalties

What Should I Do If I Get A Penalty For My Small Business?

When issued a judgment, penalty or fine by the compensation board in New York, it is in your best interest to fully read the notice and then contact a defense lawyer to help you fight it. Our lawyers have many years of experience fighting these types of issues with the board.

What Would Happen If I Ignore A Notice?

Ignoring the notice you receive is the worst thing you could do. It will not simply go away on its own. If you ignore it, you could end up getting a judgment against you personally or it could result in having your business shut down. Your business could end up being held responsible for thousands in penalties and fines. Additionally, you may end up having to pay much more for your insurance premiums for years to come because of ignoring the problem. It is best to consult with a lawyer to get you on the right path as soon as possible. The longer you ignore this problem, the worse it can get. Call our firm today for help!

What Are Judgments?

A judgment is what is done by the board to resolve all issues contested and will terminate the claim made. It is considered an official decision by law on the action. The state is able to freeze your business accounts and place liens on your property and equipment. A judgment can also have a negative affect on your credit and ability to work with vendors in the future.

Can I Be Personally Responsible For Judgments And Penalties If I Close My Business?

The answer to this question will ultimately depend on your specific circumstances. Our defense lawyers would be more than happy to sit down with you and discuss your case. Call our office to get an appointment scheduled today.

What Can Your Lawyers Do For My Case?

Our attorneys have the experience and knowledge to help you protect your assets and your business. We know all of the statutes regarding Workers’ Compensation laws and the administrative procedures behind them. We have saved hundreds of businesses huge sums of money on penalties, liens, judgments and fines against them. We welcome the opportunity to sit down with you to discuss a plan for resolving your issues.

Client Testimonials:

•”This law firm help save me and my business over $100,000. They worked with me one-on-one and walked me through every step of the way. They will answer all of your questions and phone calls!”

•”I am so thankful that I placed a call to this law firm. They helped me reduce my penalties by over $150,000. They were available to me for questions and help whenever I needed them. They were caring to my situation and very professional. Calling them helped me to save my business and my life.”

If you find yourself at risk of losing your business or paying thousands in fines, penalties and judgments because of inadequate insurance coverage, give us a call today! We are ready and waiting to work with you to resolve your issues!

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Testimonials

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Manhattan

85 Broad Street, 30th Floor
New York, NY 10005

Queens

35-37 36th St,
Astoria, NY 11106

Brooklyn

195 Montague St.
14th Floor,
Brooklyn, NY 11201

Manhattan

85 Broad Street, 30th Floor
New York, NY 10005

Phone

888-977-6335

Queens

35-37 36th St,
Astoria, NY 11106

Phone

888-977-6335

Brooklyn

195 Montague St.
14th Floor,
Brooklyn, NY 11201

Phone

888-977-6335