Question: As an officer, how can I become exempt from my company’s Florida workers’ compensation policy?
You will need to file an exemption with the Workers’ Compensation Division of the Florida Department of Financial Services. In our workers’ compensation exemption forms page, we wrote more information about completing these forms and those eligible to be exempt. Here is how we explained this process:
An individual that is an officer of a corporation can elect to be exempt from workers’ compensation coverage. This will exclude the officer from recovering workers’ compensation benefits, but by doing so, the individual may remove their payroll from the total payroll that is used to compute the premium. Many employers choose to be exempt on their workers’ compensation policies to save money on their premium. If the individual meets the requirements for exemption from Florida workers’ compensation insurance, then they can file for exemption using the following forms:
One Response to “Workers Compensation Exemption”
Leave a Reply
You must be logged in to post a comment.
May 20th, 2008 at 8:13 am
[...] may remove their payroll from the total payroll that is used to compute the premium. Many employers choose to be exempt on their workers’ compensation policies to save money on their premium. Our website has more information on the requirements and the [...]