Directors of incorporated companies:
- are considered workers under Yukon law and you must pay for their compensation coverage;
- can get coverage, as long as the corporation is active and registered with us; in fact, directors are automatically covered under a corporation's account, just like any other worker;
- receive coverage based on their earnings—such as salaries, wages, tips, commissions, bonuses, allowances or directors’ fees; dividends are not considered earnings;
- are responsible for maintaining accurate records of their earnings, to ensure they get the compensation coverage they need, should they ever have to file an injury claim with us.
Non-working directors of corporations can apply for an exemption from coverage, which means you won’t have to pay for compensation, but won’t be protected as a worker either. For these exemptions, you have to renew your application every year.
Apply for this exemption by completing our Director’s Exemption Application form.
For full details, see the following policies:
If you have any questions, contact us.