AB2883 – This is a significant change in workers’ compensation which will impact those that currently have coverage excluded for owners, partners or managing members. If you currently have corporate owners with less than 15% ownership, you will not be able to excluded them. If you are an LLC you can only exclude managing members. Many LLCs have members who are not managing members so this will need to be changed. Note, all excluded people on a workers’ compensation policy will need to sign a new waiver of coverage prior to January 1 2017. You should talk to your accountant or attorney right away to discuss how this may impact your business.
Scott Hauge
President
Small Business California