Companies with one or more part-time or full-time employees must buy a work comp policy.
Sole-Props & Partners are excluded from a work comp policy, but they can choose to be included on a policy.
Sole-Proprietors & Partners who include themselves on workers compensation coverage must use a payroll amount of $26,100 for rating purposes. (as of January 1, 2017)
Corp Officers & LLC Members are automatically included on a workers comp policy, but they may choose to be excluded from a work comp policy.
An LLC or Corporation may elect to exclude up to three executive officers / LLC Members. However, this exclusion does not apply to construction site workers.
Corporations with only 3 or less corporate officers and no employees other than these 3 Corp Officers are exempt from work comp coverage.
Officers and LLC Members who are included on a policy must use a minimum payroll of $250 per week and a maximum payroll of $2,000 per week for calculating workers comp premium (as of 1/1/2017)