Owners of Phil Parsons Racing, Phil Parsons and Randy Humphrey, have been fined by the North Carolina Industrial Commission for failing to provide workers’ compensation insurance. The Racing company did not have workers’ compensation insurance from February 11, 2011 to October 27, 2011. During that time, an employee suffered a work related injury in which he is still awaiting approval for necessary medical treatment and has yet to return to work. Phil Parsons Racing, then known as HR Racing, competed in the Nascar Sprint Cup Series in 2011 and won over $2.4 million from the races while the employees weren’t covered with workers’ compensation insurance.
Fraud Expert Linda Webb, aka The Fraud Dog says that even in NASCAR Racing you have to play by rules, on and off the track. Making sure that all employees have worker’s compensation coverage is crucial. Accidents can happen anytime and anywhere even during a pit stop on the race track. Employers must report payrolls accordingly along with reporting proper work class codes for the employees’ job classification in order to determine the proper workers compensation premiums owed. During this down economy some business found creative ways to avoid paying workers compensation premiums, which in return hurt all businesses. Great business integrity is important part of a winning strategy says Linda Webb, The Fraud Dog.
To report potentially fraudulent activity, contact Linda Webb aka The Fraud Dog, leading fraud expert at 1-855-FRAUD-DOG.