Exemption Eligibility Requirements For Workers Compensation Insurance Coverage
For Construction Industry Applicant
Corporations:
- A corporation must be registered and listed as active with the Florida Department of State, Division of Corporations.
- The applicant must be registered to 10 percent ownership of the corporation
- $50.00 application fee is required.
- Construction exemptions are valid for 2 years or until a revocation is filed.
Limited Liability Company (LLC):
- The LLC must be registers and listed as active with the Florida Department of State, Division of Corporations.
- The applicant must be registered to a minimum of 10 percent ownership of the LLC.
- No more than three officers of an LLC may elect to be exempt.
- Construction exemptions are valid for 2 years or until a revocation is filed.
For Non-Construction Industry Applicant
Corporations:
- The Corporation must be registers and listed as active with the Florida Department of State, Division of Corporations.
- The applicant is required to be listed as an officer of the corporation in the records of the Florida Department of State.
- No limit to the number of corporate officers eligible to obtain an exemption.
- No application fee.
- Non-Construction exemptions effective on the first and after are valid for 2 years or until a revocation is filed or until revoked by the division
Limited Liability Company (LLC)
- The Corporation must be registers and listed as active with the Florida Department of State, Division of Corporations.
- The applicant must evidence a minimum of 10 percent ownership of the LLC.
- No more than 10 members of an LLC may elect to be exempt.
- No application fee.
- Non-Construction exemptions are valid for a period of 2 years or until a revocation is filed or until revoked by the division.
- The effective and expiration dates are listed on the Certificate of Election to be exempt.
V.W. Gould Agency is proud to serve the Commercial Insurance needs of Florida residents since 1907. Call today for a no obligation quote (386) 734 3970
