Below is information about WORKERS COMPENSATION CORPORATE OFFICERS from a variety of sources. Please take a look at the materials that our team has selected for you.
https://www.thebalancesmb.com/workers-compensation-owners-partners-462798
https://workcompconsultant.com/workers-compensation-corporate-officers.htm
Some states provide that a corporation with only 2 corporate officers owning at least 10% stock, with no employees, are not required to have a workers comp policy. So you can see, the rules vary and whether or not coverage is required is state specific. You must check with your individual state for requirements that may apply to your situation.
https://lni.wa.gov/insurance/insurance-requirements/do-i-need-a-workers-comp-account/corporate-officers
Employees who are named as officers and don’t meet the criteria for exemption must be covered by workers’ compensation insurance. To be exempt, officers of a public corporation must meet all of the following criteria: They must be a bona fide officer and a bona fide director. To be considered a bona fide officer and director:
https://dwd.wisconsin.gov/dwd/publications/wc/wkc-13441-p.htm
https://insuranceinc.com/our-blog/workers-compensation-executive-officers-minimum-maximum-payroll/
Workers Compensation Executive Officers Minimum and Maximum Payroll. In California, effective January 1, 2021 if an executive officer chooses to be included or fails to sign the appropriate officer exclusion form the entire remuneration earned by each executive officer during the policy period shall be used as the payroll, subject to a minimum remuneration of …
https://www.workerscompensationshop.com/workers-compensation-election-rejection-of-coverage
Generally, executive officers of a corporation are automatically included for coverage under each states' workers comp laws. Officers must file for exclusion from the policy. Partners and sole-proprietors are generally exempt from coverage, but they may elect to be included on the policy.
https://www.workerscompensationshop.com/insurance-states/new-york/
Corporate officers who are not excluded from coverage must utilize a minimum payroll of $37,700 in order to calculate the cost of workers' comp insurance. Corporate Officers in the state of New York have several exclusions depending upon industry and how the business is structured.
https://schneider-insurance.com/blog/work-comp-minimum-payrolls-for-officers-and-owners-in-2021/
For corporate officers and LLC members in non-construction businesses, the minimum payroll charged per included officer/member is $49,400 ($950 per week). This amount is the same as it was in 2020. For sole proprietors and partners in all industries, the minimum payroll is $50,500 per year. This is an increase of $1700 from 2020.
http://wyomingworkforce.org/businesses/workerscomp/ooi/
Owner/Officer Information. Wyoming Workers' Compensation Coverage for Corporate Officers, Limited Liability Company Members, Sole Proprietors and Partners. Note: Corporate Officer coverage is by position. Corporations electing to obtain corporate officer coverage must notify the Division with 30 days of a change in corporate officers.
https://www.wcirb.com/guide-to-workers-compensation/standard-classification/exec-partners
an officer or member of the board of directors of a cooperative corporation organized pursuant to the Cooperative Corporation Law (California Corporations Code, §§12200, et seq.) who states that he or she is covered by both a health care service plan or health insurance policy, and a disability insurance policy that is comparable in scope and coverage, as determined by the Insurance …
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