What procedure does a corporation need to follow in order to be exempt from the workers′ compensation requirements?
A corporation may elect to withdraw from the workers′ compensation requirements if there are no more than two owners of the corporation who are also the only employees of the corporation. The corporation should contact the Division′s Customer Service Unit at 800-775-2667 to obtain further information on the paperwork that needs to be submitted to file the notice of election to be withdrawn. A corporation that makes this election may withdraw its election by filing with the Division a notice to withdraw the election. The notice is effective thirty days after the date of the filing, or at a later date as may be specified in the notice of withdrawal.