Originally Posted by Duekster
I do not think Owners are covered by Comp even if you wanted it.
To the OP. I tend to agree just because you are not required to carry comp, to does not mean you are not responsible for employee welfare. Look at the OSHA laws.
Owners can be covered if they want, but in most states it is not required the same as it is for employees. Most insurance companies charge a higher rate for coverage of the owners of smaller businesses. This is because the employer is more likely to know how the system works and has a high probability of manipulating the system or filing false claims. I have to pay the extra to have myself covered by WC as we do a lot of sub contract work on new construction jobs, most contractors will require all subs to carry their own WC