Workers Compensation Legislative Update
NEW Workers' Compensation Legislation effective
March 1, 2011 for the Constuction Industry
Public Chapter 1149 will go into effect March 1, 2011 and will require Sole Proprietors, Partners, LLC Members and Corporate Officers in the Construction Industry to cover themselves under Workers' Compensation. However, this new law does create a procedure to file for an exemption from obtaining workers' compensation coverage on yourself. Construction industry employers must still provide workers' compensation insurance on statutory employees, even if the employer has only one such employee.
To see if you qualify for an exemption and/or to obtain an exemption - click here.
To view a summary of the new coverage requirements, policy issuance and premium audit procedures found in the Assigned Risk Policyholder Notice - click here.
To view the new law as it was passed in legislation - click here.
Thompson & Smith would be happy to review your current insurance program and guide you through the provisions of this new law to be sure that your policy is set up correctly. Please call us at your convenience with any questions you may have and let us put our expertise to work for you.