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hello my name is Kyle the senior underwriter with national workman's comp solutions welcome to today's tip of the day today we're discussing what is a worker's comp exemption stay tuned so what is a worker's comp exemption this is important because exemptions are not insurance first and foremost so a construction company for example is an exemption essentially for the owner of a company who elects to exempt himself from workers comp so if that owner or officer was to get injured on the job site an individual would take care of their own injuries and medical bills on their own their own yeah now Florida law does allow up to three officers of a corporation to be exempt from workers comp however remember that an officer of a court or an LLC must own at least 10% stock in the company in order to be exempt from workers comp and an employee can never exempt out of workers comp coverage you have to make a decision under either your employee or your partner now any corporation or LLC outside o

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