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SONS ELIGIBLE FOR EXCLUSION BY LEGAL ENTITY Sole Proprietor Spouse, Child, Parent Partnership Partner Corporation Executive Officers may elect exclusion if the corporation has ten or fewer stockholders and the executive officer owns at least 10% of the stock. A corporate board resolution authorizing exclusion is to be executed. (Certified Resolution/Consent Form must also be completed.) Limited Liability Company Member/Managers of a limited liability company may elect exclusion if the LLC.
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Endorsed FAQ
In Michigan, employers must carry workers' compensation insurance, which provides wage replacement, medical, and rehabilitation benefits to employees who are injured or fall ill because of their work, regardless of fault.
If you have any employees or use subcontractors, a workers' compensation policy is required for your business. b. Sole proprietors only require a workers' compensation policy when they have 1 full time or 3 part-time employees. The owner of a sole proprietor is not considered an employee of the business.
Be aware that there are exemptions to the state law, such as: Agricultural employers, unless they have three or more employees working more than 35 hours a week for 13 weeks. Domestic workers, like housekeepers. Partners and officers of a partnership and corporation.
The average cost of workers' compensation in Michigan is $44 per month. Your workers' comp premium is calculated based on a few factors, including: Payroll. Location.
Michigan law requires employers to have workers' comp insurance for independent contractors. It only takes 1 employee working 35 hours or longer for 13 weeks or more to trigger this requirement. Failure to have workers' comp could result in civil and criminal penalties. Workers' comp benefits must also still be paid.
Be aware that there are exemptions to the state law, such as: Agricultural employers, unless they have three or more employees working more than 35 hours a week for 13 weeks. Domestic workers, like housekeepers. Partners and officers of a partnership and corporation.
Michigan workers' comp death benefits The State of Michigan allows beneficiaries to include: Spouse. Children or grandchildren. Parents or grandparents.
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