Answer: The Project lacked required Workers Compensation and Employer Liability Insurance for employees during 2022.
Trend: This absence of coverage could lead to increased financial risk and potential legal issues.
List: Follow up by obtaining the necessary insurance coverage and reviewing compliance for future periods.
Finding Text
Per examination of insurance coverage, we noted that the Project does not have Workers Compensation and Employer Liability Insurance coverage for its employees for the period 1/01/2022 through 12/31/2022.
Corrective Action Plan
This was an oversight by the Management Agent for the year ending December 31, 2022. The Project has worker compensation insurance for the current year ending December 31, 2023 for the coverage period of 1/19/2023 to 1/19/2024.