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Montana |
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Workers Compensation Insurance FAQs |
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Q. Is Workers Compensation mandatory? |
| A. In
Montana, all firms are subject to the Workers Compensation statute and
all are required to carry Workers Comp insurance. |
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Q. Are there any exceptions? |
| A. There
are no exceptions with regard to employees. There
are, however, special rules that apply to partners, sole proprietors,
and corporate officers. |
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Q. What are these special rules? |
| A. Coverage
is elective for partners and sole proprietors. Corporate officers who are 20% shareholders may reject
coverage if they wish. A signed form is necessary
to elect or reject coverage. In Montana, partners and sole proprietors who are independent
contractors are required to carry coverage but may exclude themselves. |
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Q. What if a corporate officer does
not take a salary? |
| A. The
payroll used to calculate premiums for corporate officers is subject to
a minimum of $10,400 annually and a maximum of $41,600. |
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Q. What does an injured worker receive? |
| A. All medical bills are paid and if
the worker cannot work for an extended period of time, disability benefits
are paid up to a maximum of $520.00
per week. |
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| Disclaimer: The information is accurate to the best of our knowledge.
These rules and dollar amounts are, however, subject to change. You should not depend on this information until it has
been verified with your insurance agent or company. |
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| Source: This information was compiled from the 1999 Analysis
of Workers' Compensation Laws published by the US Chamber of Commerce
and from the on-line resources of the National Council on Compensation
Insurance. |
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© 1999 - 2003 Horenberg Insurance Services, Inc. |