An installment of Workers' Compensation payable without an award is due on July 1st, but payment is delayed until July 10th. What additional amount should be added to the payment?

When a payment of Workers' Compensation is made late, it is subject to a penalty as outlined in Florida Workers' Compensation laws. In this case, the payment that was due on July 1st and delayed until July 10th qualifies for a late payment penalty.

Under Florida law, the statute specifies that any installment not paid within seven days of the due date may incur a penalty. The penalty for these late payments is generally calculated as a percentage of the owed amount, along with a minimum dollar value that must be applied regardless of the percentage calculation. The correct response indicates both a percentage penalty (which is typically 12%) and a minimum amount that can be added to ensure that the penalty applies in all instances where the amount owed is low.

Notably, the combination of the percentage rate and the minimum ensures that claimants are adequately compensated for the delay and helps to enforce prompt payment to prevent unnecessary hardships. Therefore, selecting both the applicable percentage and the minimum amount reflects the correct approach to calculating the late payment penalty.

This comprehensive understanding reinforces the importance of timely workers' compensation payments and complies with the mandated regulations to protect all parties involved.