Costs of Not Insuring
Failure to provide coverage when required by the New York State Workers' Compensation Law is a misdemeanor, and may carry sanctions imposed by the Workers' Compensation Board (WCB).
If the employer is a corporation, the president, secretary and treasurer are personally liable for medical care and compensation payments for the injured worker, and all penalties. The employer is deprived of common-law defenses in a civil suit brought by an injured employee.
Contact the WCB if you have specific questions regarding penalties for non-compliance.