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Should You Include Executives in Workers Compensation Insurance?

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Workers compensation laws differ from state to state, and one of the key differences is whether your company’s officers must be included in your workers compensation insurance. Your type of business entity (S-Corp, LLC, etc.) normally will govern their inclusion or exclusion.

When considering if officers would like to include or exclude themselves from workers compensation, they should consider the following:

Are officers automatically included or excluded from workers compensation?

How does your medical insurance plan respond to work-related incidents? Will medical insurance pay for an incident if the executive declines workers compensation coverage?

What necessary forms are needed upon insurance renewal?

If forms are not completed correctly, will the workers compensation audit result in additional premium for the officer’s payroll?

What are the minimum and maximum pay roles for workers compensation in your state?

The paragraph are good reasons for both options—exclusion and inclusion—so we review your options carefully from both the corporate and individual perspectives.

Allan Block Insurance, Professional Service with the Personal Touch

We are located in Tarrytown, NY, in the heart of Westchester County, a key business district just north of New York City. We write auto, home, renters, condo, co-op, personal, business, life and group insurance for clients locally and in NYC, CT, NJ, PA, MA and many other states. For more information or answers to your insurance questions, please contact us.

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