Accountants Practicing in Maryland and Washington DC

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Worker’s Compensation Maryland

Each year the rates and rules for Workers Compensation Insurance change. 

·         Employees must be included based on their annual remuneration (payroll).

·         Sole Proprietors and Partners are not included in Workers Compensation coverage.  However, Sole Proprietors or Partners may elect to be covered.  If coverage is elected, coverage is based on $42,200* annual payroll per partner or sole proprietor.

·         Officer Employees of Close Corporations are included in Workers Compensation.  However, each officer employee may reject benefits.  If included the officer employee is included at an annual payroll of $15,600* minimum/$130,000* maximum.

·         Regular Corporations.  All employees must be covered and are included based on their annual remuneration.  

*These amounts are subject to change each year by the Workers Compensation Commission

Workers Compensation Insurance is required for all employers in Maryland

 

 

 

If you would like a proposal on Workers Compensation Insurance please contact us, send a copy of your current coverage, or complete the information below:

       

 

Firm Name: 
Federal Employers ID Number:

Do send your Social Security Number on this form.

  
Address1:  
Address2:
City State Zip
Telephone
Fax
E-Mail
Current Insurance Company
Expiration Date of Current Coverage
Employee Payroll 
Business Type
If Sole Proprietor, do you want to be included for coverage If yes you will be included for the maximum payroll for Sole Proprietors.
If a Partnership, how many partners are to be included for coverage
If a Close Corporation, How many officer employees are to be included and their annual salary. Number of Officer Employees to be included.

Total annual salary for officer employees to be included.
Firm Practice Description
   
   

 

 

 

 

This is intended to provide general information. For a complete description of coverage including policy provisions, limitations and exclusions, please consult the actual insurance policy.
Copyright Bryan Lau 2007 - 2010