Concerns workers' compensation insurance requirements for certain corporations and partnerships.

This bill clarifies workers' compensation coverage requirements for business owners in New Jersey. It specifies that self-employed individuals, partners in partnerships, members of LLCs, and S-corporation shareholders who actively work for their business are considered "employees" for coverage purposes **only if the business elects to include them** when purchasing or renewing a workers' comp policy. Businesses are not required to cover these owners unless they already have at least one regular employee (not a business owner). The bill also requires clear notices on applications about this option and protects insurers from liability if businesses choose not to cover owners, unless insurers acted with gross negligence.