Okay, here’s the scoop:
Paying an employee under the table is illegal. It’s a practice that should have never been started. The Federal government gets pretty pissed if they found out a business owner isn’t reporting accurate wages and paying accurate payroll taxes.
Having insurance prevents things like this exact incident from happening. I recommend you re-think your stance in having insurance. If you’re doing $1,500/day and making 50% profit, that’s $750/day. Insurance doesn’t even cost that much a MONTH and you’re are completely covered for any scenario that could ever come up.
So, now that we’ve gotten that straight, let’s get to the task at hand:
You had a driver working off the clock and got injured…
Now listen, this is just advice to your situation and I don’t recommend this to anyone…
Pay his medical bills. Offer to pay him 75% of the salary he WAS making before the injury for an agreed on time frame between the two of you. Once he gets back to work let him know you can’t practice the “working off the clock for cash” thing because… well, because it’s illegal. Tell him you don’t care if he doesn’t mind or not, it’s cheating the system and if you get caught it won’t be good. THAT is how you can quietly get out of this situation only losing a few hundred bucks. YOU DO NOT WANT TO FIGHT THIS! There’s only one thing you can get out of fighting this and you don’t want that, 'cause it’s a whole lot of trouble.
In the meantime, get all the employee paperwork together and make sure it’s up to date. Go to some insurance companies, get quotes, find the right one for yourself, and GET INSURANCE! My God man, look at everything you could lose if there were a fire or a hurricane (since you’re in Fla, and they’ve got enough of them) or something. Isn’t it worth it to pay the $600/month to make sure you’re protected from any possible thing? It’s a cost of doing business, just like electricity. -J_r0kk