Worker's Comp for owner-no employees?
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Tip: If you are posting a market request, include the state abbreviation in your post title to get better responses.
Tip: If you are posting a market request, include the state abbreviation in your post title to get better responses.
Worker's Comp for owner-no employees?
I just received a phone call from a carpenter we insure. He is a sub. The contractor wants all the subs to get wc insurance. My customer has no employees. Is there something out there for just him?
Re: Worker's Comp for owner-no employees?
It may depend on the state. What state is the client in?
Re: Worker's Comp for owner-no employees?
Rhode Island
Re: Worker's Comp for owner-no employees?
AIG can offer "Occupational Accident" coverage for Independent Contractors on a Group basis.
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Re: Worker's Comp for owner-no employees?
Usually this information is available online if you do a search. A description of who is required to carry WC insurance in any particular state should be defined in that state's code. According to the website below, in Rhode Island a sole proprietor cannot purchase WC insurance on himself.
http://www.goodneighborall.com/wc.html
http://www.goodneighborall.com/wc.html
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Re: Worker's Comp for owner-no employees?
Since he is not required to carry WC because of no employees and your state will not allow the insured to cover himself, the primary/general should not require it. If he still does the only option would be to get a policy on an if any basis.goredsox wrote:I just received a phone call from a carpenter we insure. He is a sub. The contractor wants all the subs to get wc insurance. My customer has no employees. Is there something out there for just him?
Gregcw
Re: Worker's Comp for owner-no employees?
In Michigan, sole proprietors are also not allowed to have a worker's compensation policy for themselves. In these instances, we use the Michigan Worker's Compensation Placement Facility to issue an "if any" policy on behalf of the insured. It costs $800 annually, and if they do not show any payroll or file any claims, they get a refund of over half. This satisfies the requirements of the GC and is still in accordance with MI law. I would recommend checking with your state to see if they offer something similar.