Requirements:

 

All North Carolina companies with 3 or more part or full-time employees must buy a NC workers compensation policy, per law.

Sole Props, Partners, & LLC Members are automatically excluded from coverage, but they can opt to be included on their workers comp policy.

Sole-Proprietors & Partners who include themselves on the work comp policy must use a $43,500 minimum payroll amount and a maximum $88,400 payroll amount for premium calculation purposes.

Corporate Officers are included on every work comp insurance policy unless the Officers specifically exclude themselves on the Acord 130 application.

Corporate Officers who are included must use a $44,200 minimum payroll for the purpose of calculating workers comp premium. (as of 1/1/2017)

Owners should review their inclusion or exclusion on the Acord application and policy. Carriers will prohibit revisions during an work comp audit.

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