I found an article on the website for the Florida Department of Financial Services about a company that is accused of planning and executing a scheme to defraud workers’ compensation. The company, Preferred Staffing of America, Inc., is accused of partnering with an insurance agent to funnel business to their organization and selling false insurance certificates to these companies/employers for workers’ compensation coverage for their businesses. So far, the article reports that more than $130,000 has been charged for fake workers’ compensation insurance and 5 people have been arrested. I am guessing there will be even more before the dust settles!
Read the full article here : http://www.myfloridacfo.com/sitePages/newsroom/pressRelease.aspx?id=4194
It seems that, contrary to popular belief, workers’ compensation fraud is committed by insurance companies at a rate much higher, and much more profitable, than any injured worker – just some food for thought!
If you have questions about your benefits or if you would like more information on the Virginia workers’ compensation system, order my book, “The Ultimate Guide to Workers’ Compensation in Virginia”, or call our office today (804) 755-7755.