Yes, most Southeast states allow business owners and corporate officers to exempt themselves from workers’ compensation coverage, though the rules vary. In Georgia, up to 5 officers can file Form WC-10. In Florida, construction is limited to 3 exemptions. In Alabama, officers use Form WC15. In Mississippi, owners with 15%+ stock ownership can opt out.
Exempted owners lose all workers’ comp benefits if injured on the job and must rely on personal health insurance. Even with owner exemptions, the business must still maintain coverage for all other employees. Consider the risk carefully before opting out, especially in hands-on industries.
