The South Dakota Workers’ Compensation Fraud Poster is an essential tool for any employer’s fraud prevention program. The poster informs employees of the type of activities that break the law and the consequences for making false claims.
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 South Dakota 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.
Potential violators may be deterred by knowing that Workers’ Compensation fraud is prosecuted as a misdemeanor or felony offense each of which are punishable by substantial fines, restitution of benefits wrongfully received, and prison time.
The South Dakota Workers’ Compensation Fraud Poster provides contact information for the South Dakota Division of Insurance and Office of the Attorney General, empowering employees to get involved and report suspected instances of workers’ compensation fraud.