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).
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).
Related Questions
- What if the employer misrepresents an employee as an independent contractor to avoid obtaining workers compensation insurance or to decrease their premium?
- As a sole employer or the sole owner/employee of a business, can I obtain workers compensation insurance to cover myself?
- How Do You Obtain Workers Compensation Insurance?
