Are a company’s directors or executive officers covered under California workers’ compensation policy?
Consultation with your insurance agent, attorney, or carrier regarding your individual situation is recommended. All employees of the company must be included in the policy (including corporate officers and directors) unless they are the sole owners of the company. Sole owners have the option of electing not to be covered. What affects my California Workers’ compensation premium cost? The annual premium is determined by many factors. These include your industry classification, history of work-related injuries (experience modification), payroll, or special underwriting adjustments such as use of a certified health care organization, and any special group or dividend programs for which you may be eligible. What are the fines for not carrying California workers’ compensation insurance? The California state labor commissioner determines if an employer is operating without California workers’ compensation insurance and will place a stop order. This will forbid the use of employee labor unti
