Delaware Workers Comp Insurance

With limited exceptions, every employer in Delaware with one or more employee(s) is required by law to have a valid workers' compensation policy at all times. This "no fault" insurance not only provides injured workers with medical care and partial wage replacement, but also protects the policyholders from potentially damaging lawsuits. Although most companies in Delaware purchase a traditional commercial insurance policy, there are alternative methods of coverage which include licensing as a self insurer, gaining membership in a self insurance group, or obtaining coverage in the Assigned Risk Pool.

DE Workers Comp Insurance Specific Regulations

• Any company who has employees working in Delaware must have coverage
• If you work for someone else you will not be covered by their insurance policy unless you are an employee. This requires independent contractors to have their own workman’s compensation insurance
• Delaware offers a private insurance market and an assigned risk pool to help business who struggle to secure coverage
• In Delaware sole proprietors and partners are excluded from coverage, but have the option to include yourself
• In Delaware sole proprietors or partners are included in coverage, but have the option to opt out
• In Delaware corporate officers or members of LLCs are included in coverage but up to eight corporate officers who are stockholders of the corporation or as many as four members of a limited liability company may exclude themselves