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Senate Gives Small 'S' Corporations a Break on Comp

Wednesday, February 12, 2020 | 204 | 0 | 33 min read

Some small businesses with just one employee would be exempt from workers' compensation coverage requirements, under a measure passed by the New Jersey Senate on Monday. The Senate, by a vote of 39-0, approved Senate Bill 967, which decrees that owners of “S” corporations who are the only shareholders shall not be considered employees for workers' comp purposes. “For a one-person business or partnership just starting out, acquiring workers' compensation insurance solely for themselves is an onerous and expensive mandate,” state Sen. Anthony M. Bucco, R...

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