Owner Only

What you need to know

What is Owner only Option?

Cover One Product Description & Eligibility 

Cover One is designed for single employee employers that need to show proof of a valid workers’ compensation insurance policy to be permitted to perform work at a work-site. The employer insurance & coverage product is designed for the artisan contractor trades and for those businesses that do not employ any other person other than the sole proprietor.

Where is this option covered?

Map legend below shows all states in green where the Cover One program is LIVE! Any orange states are in the process of going LIVE.

LEGEND

Owner Only Program Live!
Approved and will be live soon! 

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Workers’ Compensation Employers Insurance Underwriting Guidelines ​For 1099 Owner Only Workers’ Comp Policy

01

The base insurance product is workers’ compensation insurance.

02

The premium is the maximum minimum premium for the class code that best describes the job functions performed daily.

03

The single employee, the owner or sole proprietor, must exclude him/her self from the workmans comp insurance coverage. Therefore, the annual premium is the maximum minimum for the class since we are not calculating a premium based on payroll.

04

The annual workers’ compensation insurance premium must be paid in full prior to binding coverage

05

The insured must agree to purchase and participate in the weekly Text4Safety program. This service is not included in the workers’ compensation insurance premium. It is an additional $120 per year.

06

The insured must respond to a weekly text message inquiring as to whether a person or persons have been hired in the previous week. Failure to answer truthfully is fraud. Should the Insured hire someone, not tell us and there is an injury to that person that the insurance carrier must pay, we will seek recovery from the Insured.

07

The insured must respond to a weekly text message inquiring as to whether a person or persons have been hired in the previous week. Failure to answer truthfully is fraud.

08

Mandatory payroll administration for a minimum of one full year to be eligible for this program