image credit: Adobe Stock

Court Decides Insurance Broker’s Duty to Inform LLCs About Workers’ Compensation

December 15, 2022

What is the duty of an insurance broker in New Jersey to members of a limited liability corporation (LLC) when it comes to workers’ compensation coverage?

The New Jersey Supreme Court this week ruled that a broker has a “non-waivable” duty to tell LLC members that workers’ compensation coverage is available to them but the company must elect to include LLC members when the workers’ compensation policy is purchased or renewed.

Read More on Insurance Journal