Provides personal liability for owner, executive officer, or executive director of employer for failure to pay for workers' compensation coverage.

This bill adds personal liability for "principal owners" (defined as anyone with ownership interest or control) when employers fail to maintain workers' compensation coverage. It expands existing penalties: the Director of Workers' Compensation must impose a $1,000 fine plus 15% of the award (up to $5,000) on employers who don’t provide coverage, with these penalties now payable by both the employer and its principal owners. Funds collected from these penalties go into the "uninsured employer’s fund," which can pursue payment from owners through subrogation (stepping into the employee’s legal position). The bill directly affects small business owners and executives who skip required workers’ comp insurance, ensuring personal financial accountability for coverage failures.