In April, we blogged about the efforts of Pennsylvania insurance agents to pass legislation that would allow insurers to cover some small businesses through a workers’ compensation policy. It appears that their efforts have paid off, as the Insurance & Financial Advisor Web News has reported that the bill has passed the Pennsylvania House.
The bill, HB440, would amend the Workers’ Compensation Act and would allow insurers to provide workers’ comp coverage to members of a limited liability corporation and partners of a business partnership.
The bill was signed by Pennsylvania Gov. Tom Corbett. It takes effect on Aug. 29.
In the article, Vince Phillips, president of Phillips Associates, is quoted as saying, “This is a positive impact because it allows more people to get workers’ compensation insurance and comply with the law.”