All Vermont companies with one or more employees must have a workers’ compensation insurance policy.
Sole Props & Partners are excluded from a policy, but may opt to be exempt.
Sole-Proprietors & Partners who include themselves on a work comp policy must use a $42,500 minimum payroll amount for calculating work comp premium (accurate as of December 1, 2016)
LLC Members & Corporate Officers are automatically included on a policy, but they may opt to be excluded.
Officers and LLC Members who are not excluded from coverage must utilize a minimum payroll of $800 per week and a $3,300 maximum payroll per week for the purpose of calculating work comp premium. (Accurate as of December 1, 2016)