Workers' Compensation Laws
Requirements:
Employers with one or more employees must have workers’ compensation insurance.
Details/Exceptions:
Sole proprietors, partners, executive officers in a nonprofit corporation, members in a member-managed LLC, part-time babysitters, non-commercial cleaners, harvest help and similar part-time/transient help, sports officials for amateur events, contract entertainers, commercial fishers, and taxi drivers whose compensation is by contractual arrangement are exempt. Executive officers in a for-profit corporation may choose to exclude themselves.
Options:
Purchased from a commercial carrier or through Alaska’s state-administered fund. Approved businesses may self-insure.
http://www.labor.state.ak.us/wc/er-profit.html
• Exclusion form – 08-4712 – Inclusion – Up the the Insurance Carrier on how to document the file
Payroll Limitations for Owners Officers
As of 1/1/2018
- Executive Officer annual – Minimum $26,000, Maximum $109,200.
- Partner annual limitation – $34,800.
- LLC Member annual limitation -$34,800
- Sole Proprietor annual limitation – $34,800
Exemption Rules
Sole Proprietor: Excluded – can elect to be covered.
Partners: Excluded – can elect to be covered.
Corporate Officers: For profit corporate officers are included but can elect to be excluded / nonprofit corporate officers are excluded/can elect to be included.
LLC Members: Members in a member managed LLC are excluded/can elect to be included
Wage Reporting
Quarterly wage reporting guidelines
- Complete form and make checks payable to: Alaska Department of Labor and Workforce Development. Quarterly reports can also be filed online.
Quarterly wage Form
- TQ0IC
Quarterly Wage Reporting Website
