 
HealthInsuranceCalifornia >> Worker’sCompensation >> Employers options onWorkers Compensation Employers options on Workers Compensation Options for Sole Proprietor Individual employers might be included for workers compensation at the option of the insurance policy company. The inclusion should be clearly stated first in the insurance policy, or by an endorsement to the policy. If an individual employer is included, the payment is earned by such a person during the insurance policy period and would be used as the basis of insurance premium development, subject to a specified minimum or/and maximum. The California Workers Compensation Uniform Statistical Reporting Plan-1995, published by the Workers Compensation Insurance Rating Bureau (WCIRB) effective January 1, 1995, begin minimum remuneration of $22,100 and a maximum of $62,400 for this situation (Note: with Open Rating each insurer could establish its own minimum and/or maximum remuneration and file same with the CDI). About Partners and workers compensation Insurance The definition of employee includes all members who are working in partnership receiving wages irrespective of the profits from the partnership. The California Labor Code has a particular provision for such partners. You must refer to the insurance policy provisions and/or consult with your insurance agent or broker and also the insurer for further details. Executive officers under workers compensation The inclusion of all company officers or any directors is mandatory unless and until the corporation is solely owned by the directors and executive officers. In the latter case, the officers and directors might choose to be excluded from insurance coverage. Again, because of special provisions in the Labor Code for executive officers of solely owned company, consult with the insurance agent, broker and insurer for further details. Employer workers compensation insurance As an employer you could secure workers compensation insurance from any licensed insurance company that writes this coverage in California. You might also obtain the required insurance coverage from the State Compensation Insurance Fund. Consult your local California Yellow Pages under Insurance for names of companies, agents or good brokers offering insurance coverage. Employers self-insure workers compensation claims As employers you could self-insure, but only if you have applied for
and have received a Certificate of Consent to Self-Insure from the Department
of Industrial Relations. The director of Industrial Relations would require
a private self-insuring employer to meet few standards before issuing
this certificate. Usually, only big organizations choose to self-insure.
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