Why post the Colorado Workers’ Compensation Fraud Poster?
The Colorado Workers’ Compensation Fraud Poster is an essential tool for any employer’s fraud prevention program. The poster provides examples of common forms of workers’ compensation fraud and describes the penalties for violating the law.
Workers’ compensation fraud hurts businesses and employees. High claim rates can cause workers’ compensation premiums to rise, forcing employers to slow hiring and cut back on employee benefits such as raises and health insurance benefits. Employees may believe that it’s okay to tell a “white lie” in regards to a workers’ compensation claim, but doing so can expose them to high penalties and even imprisonment.
Informing employees of prohibited conduct and the consequences of breaking the law can help deter fraud and encourage fraud reporting. The Colorado Workers’ Compensation Fraud Poster is designed to help your employees become aware of common forms of Workers’ Compensation fraud and the consequences for making fraudulent statements relating to a workers’ compensation claim.
Enforcement and penalties
The consequences for committing Workers’ Compensation fraud in Colorado include the payment of fines and penalties as well as imprisonment up to three years. Making a false statement in regards to a workers’ compensation claim may also expose the person to charges of insurance fraud.
The Colorado Workers’ Compensation Fraud Poster provides contact information for the Colorado Workers’ Compensation Fraud Unit so that employees can report suspected instances of workers’ compensation fraud.