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

This bill updates New Jersey's workers' compensation law to clarify coverage requirements for self-employed individuals and business owners. It requires businesses (including partnerships and LLCs) to actively elect coverage for self-employed persons or partners when purchasing or renewing a workers' compensation policy - coverage is not automatic. Businesses only need to provide this coverage if they employ at least one other employee (not the self-employed owner). The bill also specifies that sole S-corporation owners are not automatically covered unless the corporation elects it, and insurers cannot be held liable for failing to provide coverage unless they acted recklessly. This directly affects business owners who work for their own companies but have no other employees.