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  • Owner/officer Exclusion Form - Stonetrust Commercial Insurance

Get Owner/officer Exclusion Form - Stonetrust Commercial Insurance

OWNER/OFFICER EXCLUSION FORM MISSISSIPPI Named Insured Policy Number if policy has been issued Mississippi law allows sole proprietors partners in a partnership or corporate employees owning fifteen percent 15 or more of stock in a corporation to reject workers compensation coverage for themselves.

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How to fill out the Owner/officer Exclusion Form - Stonetrust Commercial Insurance online

Completing the Owner/officer Exclusion Form for Stonetrust Commercial Insurance is an essential step for sole proprietors, partners, and corporate employees wishing to exclude themselves from workers' compensation coverage. This guide will provide you with clear and detailed instructions on how to successfully fill out the form online.

Follow the steps to complete and submit the form online.

  1. Press the ‘Get Form’ button to access the Owner/officer Exclusion Form and open it in your preferred online viewer.
  2. In the first section, enter the name of the named insured. This is typically the business entity requesting the exclusion.
  3. Next, input the policy number if a policy has been issued. This will help to link your exclusion request to the correct insurance coverage.
  4. Indicate your status as a sole proprietor, partner, or corporate employee by checking the appropriate box.
  5. In the section that states 'I attest that:', specify the business name or corporation you are affiliated with where you own fifteen percent (15%) or more of its stock.
  6. Sign the form where indicated to formally elect to reject coverage under the Workers' Compensation Act.
  7. Fill in the date of signing and provide your social security number for identification purposes.
  8. Indicate your percentage of ownership in the corporation or partnership.
  9. Print your name and title under your signature to clarify your position within the business.
  10. If there are multiple participants requiring exclusion, repeat steps 5 to 9 for each individual. If necessary, use additional forms.
  11. Once all information has been entered, review the form for accuracy and completeness. Then, save your changes and prepare to submit.
  12. Download and print the completed form for your records, or share it with any necessary parties as needed.

Don't hesitate to start filling out your Owner/officer Exclusion Form online now!

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Sole proprietors and partners are considered employers, not employees, and are not covered by your policy. However, sole proprietors and partners can be added to the policy by endorsement. Corporate officers are considered employees of the corporation and must be covered.

Railroad, postal, and maritime workers are covered under federal laws and not by Missouri Workers' Compensation Laws.

You are an excluded owner of a residential property if you are any of the following: the government of Canada or a province, or an agent of the government of Canada or a province. an owner of the residential property as a trustee of any of the following trusts: a mutual fund trust for Canadian income tax purposes.

Insurance. In the state of Missouri you are required to carry workers' compensation insurance if you have five or more employees, unless you are in the construction industry, then you must carry workers' compensation insurance if you have one or more employees.

Sole Proprietors and Partners are included under coverage if they meet the definition of an employee. Otherwise they are excluded. Owners can elect to have coverage. Corporate Officers and LLC Members are automatically included in coverage, but may elect to be exempt.

Most business owners are required to buy workers' comp in Pennsylvania if they have any employees at all. Business entities that operate with no employee are generally able to exclude coverage on themselves. Sole-Proprietors and Partners are automatically excluded from coverage on a policy.

A waiver of subrogation means that a business and their insurance company is foregoing all rights to file suit, or seek damages, from another business. This is common in the construction industry as builders attempt to protect their company from negligence.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232