NASHVILLE, Tenn. (AP) — A new Tennessee law allows more people to become eligible for exemptions from workers' compensation.
According to the Secretary of State's office, business owners in construction services can opt out of the requirement to cover themselves with workers' compensation insurance if they meet certain ownership requirements. The new law increases from three to five the number of business owners of a corporation, limited liability company or partnership that can qualify for the exemption.
The new law also allows a person to qualify for an exemption that is associated with another business as long as business ownership requirements are met.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.