New Hampshire Workers Comp

2019 New Hampshire Coverage Requirements

• In New Hampshire, companies with more than one full or part-time employees are required by law to purchase workers compensation insurance. It does not matter if the employee is related, such as daughter, son, husband, etc. It also does not matter if the business is a 'Non-Profit' organization.
• Sole-Proprietors and Partners are excluded from coverage, but they can elect to be included.
• Corporate Officers and LLC Members are automatically included in coverage, but they may elect to be exempt.
• A Corporation or LLC may elect to exclude up to 3 executive officers. However, this exclusion does not apply to such person if they actively engage in on-site work at any construction site.
• The only business exempt from the work comp requirement to purchase workers' compensation coverage are sole proprietorships (self-employed persons) and corporations which have only three corporate officers and no employees other than these three officers.

2019 Payroll Requirements for Owners

• Sole-Proprietors and Partners who include themselves on workers compensation coverage must use a payroll amount of $27,400 for rating purposes. (As of 01/01/2019)
• Officers and LLC Members who are included in coverage must utilize a minimum payroll of $550 per week ($28,600 Annual) and a maximum payroll of $4,200 per week ($218,400 Annual) for the purpose of rating workers comp premium. (As of 1/1/2019)