DBL Insurance

Section 220 (1)

 

​"Not securing required disability benefits insurance is a misdemeanor, punishable by a fine of not less than $100 nor more than $500 or imprisonment for up to one year or both. A second violation of the Law within five years may result in a fine of not less than $250 nor more than $1,250. A third or subsequent violation of the Law within five years may result in a fine up to $2,500." (NY.Gov)

Section 213 (1)

 

​"In addition to the penalties assessed under Section 220 (2), the employer is liable for either the total value of any disability benefits claims paid by the Special Fund for Disability Benefits during the period of noncompliance OR once percent of the employer's payroll during the period of noncompliance, whichever is greater." (NY.Gov

Penalties For Noncompliance

Section 220 (2)

 

​"The Board shall impose upon an employer a penalty of 1/2 of one percent of the employer's payroll during the period of noncompliance PLUS an additional sum of $500 for each period of noncompliance." (NY.Gov)

In New York State employers are required to provide their employees with disability benefits for off the job illnesses & injuries. Failure of an employer to provide DBL Insurance, may subject them with penalties, plus other costs associated with noncompliance. Sole proprietors, partners, and other leaders of the company may also be held personally liable for an employers failure to secure the correct type and amount of insurance. Some of the liabilities and penalties for not complying with the required laws are: