Workers' Compensation for Owners refers to the coverage that business owners can opt into for themselves under a Workers' Compensation policy. While it's mandatory for employees, owners often have the option to include or exclude themselves from this coverage. Deciding whether to be covered under Workers' Compensation as an owner can impact both your personal protection and business liabilities.

For instance, as the owner of a window & glass contracting business, you're actively involved in on-site work. If you choose to include yourself in Workers' Compensation coverage and suffer an injury while working, the policy would cover your medical expenses and a portion of lost wages, just as it would for an employee. Without this coverage, you would need to bear these costs personally, which could significantly impact your financial stability.

Consider the following when deciding on Workers' Compensation coverage for yourself:

• The nature of your daily activities and the associated risks.
• The potential financial impact of an injury on your personal and business finances.
• The benefits of being covered versus the cost of adding yourself to the policy.