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VOL. 35 | NO. 40 | Friday, October 7, 2011
Statewide
New state workers' comp exemptions take effect
NASHVILLE (AP) - A new state law allows more people to become eligible for exemptions from workers' compensation.
According to the Secretary of State's office, business owners in construction services can opt out of the requirement to cover themselves with workers' compensation insurance if they meet certain ownership requirements. The new law increases from three to five the number of business owners of a corporation, limited liability company or partnership that can qualify for the exemption.
The new law also allows a person to qualify for an exemption that is associated with another business as long as business ownership requirements are met.
An exemption registry is administered by the Secretary of State's office. The law took effect this month.