The Missouri Attorney General’s office recently released a statement saying that a record number of Missouri businesses were ordered to obtain workers’ compensation insurance in 2005.
According to the Attorney General’s office, 362 businesses were forced to comply with the law in 2005, up from 148 in 2004. Those companies not in complicance with the law were ordered to pay a record $755,000 in penalties, up from $557,000 in 2004.
Missouri state law mandates that businesses with more than five employees or construction companies with one worker or more to carry workers’ compensation insurance.
Businesses that don’t carry workers’ compensation insurance in violation of the law have an unfair advantage over their competitors, and can put their employees at great risk, according to Attorney General Jay Nixon’s written statement.
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