OWNER-ONLY GROUPS

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Carrier

Will the carriers write an owner-only Group?

No.

Owner-only groups without W2 employees are ineligible for coverage.

Yes.

Owner-only groups that meet the following criteria are eligible for coverage:

• The group is an S-Corp, C-Corp, or LLC
• There are at least two owners who aren’t spouses
• One owner completes an Eligibility Statement or can provide W2s

No.

Owner-only groups without W2 employees are ineligible for coverage.

No.

Owner-only groups without W2 employees are ineligible for coverage.

Yes.

Owner-only groups that meet the following criteria are eligible for coverage:

  • The group must be headquartered in CA offering general financial services
  • More than 50% of the owners must be members of CalCPA and in good standing
  • More than 50% of the group must reside in CA

All employees must work at least 20 hours per  week, unless the group chooses 30 hours as the eligibility requirement

No.

Owner-only groups without a W-2 employee are ineligible for coverage.

Yes.

Will write Officer Only groups as long as the group’s business entity is a type of Corporation such as LLC, S-Corp, or C-Corp. At least 2 eligible officers are required and at least one of the officers must be a W-2 employee and listed on the DE9C. Must be covered by Worker’s Compensation. Owner-only groups without a W-2 employee are ineligible for coverage.

No. (Sole Props & Partnerships)

Yes.

Will write Officer Only groups as long as the group’s business entity is a type of Corporation such as LLC, S-Corp, or C-Corp. At least one of the officers must be a W-2 employee and listed on the DE9C.

No. (Sole Props & Partnerships)

Owner-only groups without a W-2 employee are ineligible for coverage.

No.

Owner-only groups without W2 employees are ineligible for coverage.

No.

Owner-only groups without W2 employees are ineligible for coverage.

No.

Owner-only groups without W2 employees are ineligible for coverage.

Yes.

Will write Owner Only groups as long as the group’s business entity is a type of Corporation such as LLC, S-Corp or C-Corp

  • Owners cannot be spouses/domestic partners.
  • At least 2 eligible owners are required.

No. (Sole Props & Partnerships)