Penalty for not obtaining workers' compensation coverage is what percentage?

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Multiple Choice

Penalty for not obtaining workers' compensation coverage is what percentage?

Explanation:
Not obtaining workers' compensation coverage triggers a civil penalty equal to 10% of the premium that would have been due for the period of noncoverage. This penalty is intended to deter uninsured employers and is in addition to paying back any premiums owed and any applicable interest. The 10% rate is the standard penalty in this context, which is why it’s the correct choice.

Not obtaining workers' compensation coverage triggers a civil penalty equal to 10% of the premium that would have been due for the period of noncoverage. This penalty is intended to deter uninsured employers and is in addition to paying back any premiums owed and any applicable interest. The 10% rate is the standard penalty in this context, which is why it’s the correct choice.

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