Building Code Administrators and Inspectors Florida Principle and Practice Licensure Practice Exam

What is the maximum civil penalty an employer or insurance carrier could face for failing to send required reports under the Workers' Compensation law?

1. $100

2. $500

3. $1,000

4. $5,000

The correct answer is: $500

The maximum civil penalty that an employer or insurance carrier could face for failing to send required reports under the Workers' Compensation law is $500. This penalty serves as a deterrent to ensure compliance with reporting requirements, which are essential for the effective administration of workers' compensation claims and the protection of employees' rights. By imposing a specified penalty, the law encourages employers and insurers to adhere to their obligations regarding timely reporting, which allows for the efficient processing of claims and helps maintain accurate records of workplace injuries and insurance coverage. Understanding this framework is crucial for anyone involved in the administration of workers' compensation, as it highlights the importance of compliance with legal requirements to avoid financial penalties.