Pennsylvania Gov. Tom Corbett has signed a change to the state’s worker’s comp laws that will allow insurers to write coverage for owners and partners of small businesses.
Agents in state have long backed the change, which would extend insurance coverage to members of an LLC and partners of a partnership.
The change, which goes into effect on Aug. 29, does not require insurers to offer the coverage but does allow them to offer it.
“Passage of this legislation is a significant victory for member agents and their clients,” said Tim Burris, chairman of IA&B of Pennsylvania. “Partnerships (and LLCs) are growing business models, and before this, they were exempted from compulsory coverage in the Workers’ Compensation Act.”
Was this article valuable?
Here are more articles you may enjoy.
Appetite for Insurance M&A Remains as AI Enters the Chat, Says PwC 
Ben & Jerry’s Co-Founder Says Brand Being ‘Destroyed’ by Magnum 
AM Best: Data Centers Pose Risks Beyond What P/C Industry Has Experienced 
Eli Lilly Wins Court Order in Fraud Allegations Against Florida, TN Pharmacy Groups 
