Q.As a sole employer or the sole owner/employee
of a business, can I obtain workers’ compensation insurance
to cover myself?
A.Individual employers may be included
for workers’ compensation at the option of the insurance company.
The inclusion must be clearly stated in the policy, or by
an endorsement to the policy. If an individual employer is
included, the remuneration earned by such a person during
the policy period will be used as the basis of premium development,
subject to a specified minimum and maximum.The California
Workers’ Compensation Uniform Statistical Reporting Plan-1995,
published by the Workers’ Compensation Insurance Rating Bureau
(WCIRB) effective January 1, 1995, establishes minimum remuneration
of $22,100 and a maximum of $62,400 for this situation (Note:
with Open Rating each insurer can establish its own minimum
and maximum remuneration and file same with the CDI).
Q.What is my status as an active partner in a
business described as a partnership. Does the policy provide
coverage for me in this situation?
A.The definition of employee includes all
working members of a partnership receiving wages irrespective
of the profits from the partnership. The California Labor
Code has a special provision for partners. You should refer
to the policy provisions and/or consult with your agent or
broker and insurer for the further details.
Q.Are executive officers covered under the workers’
compensation policy?
A.The inclusion of all corporate officers
or directors is mandatory unless the corporation is solely
owned by the directors and executive officers. In the latter
case, the officers and directors may elect to be excluded
from coverage. Again, because of special provisions in the
Labor Code for executive officers of solely owned corporations,
consult with the agent, broker and insurer for further details.
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