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Available Programs: |
Carrier Risk
Tolerance: |
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Pay As You Go Workers' Compensation |
All risks acceptable: low, medium,
and high.
Includes risks such as contractors,
trucking, roofing, and temporary staffing. |
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Direct Bill Work Comp |
All risks acceptable: low, medium,
and high. |
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Pay As You Go General Liability |
Contractor and service risks
acceptable: low, medium, and high. |
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Commercial Insurance- Standard Lines |
Most risks. |
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Commercial Packages- 12 Equal Installs |
Non-construction risks only. |
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PaySmart Payroll & Insurance
Management |
Available |
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Workers
Compensation Information: |
Owners Wages for
Workers' Compensation |
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Individuals and Partners |
$31,200- Min
Annual Payroll (effective 01.01.10)- No
Employees.
Sole Proprietors
and Partners with employees may elect coverage.
If no employees coverage is automatic with work
comp policy. |
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LLC Members |
Statutorily
Excluded. Partnership status. Treated as
employee.
Members are
considered similar to partners.
Partners are
excluded, but may elect coverage. |
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Corporate Officers: Corporations |
$28,600- Min
Annual Payroll (effective 10.01.07).
Sole Executive
Officers or Companies with only Two Exec's may
be excluded by endorsement.
Non-Profits:
$14,300- Min Annual Payroll (effective
10.01.07). |
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*Notes
Maximum
payroll for partners, LLC members and corporate officers is $91k in
NY. |
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General Liability
Information: |
Owners Wages for
General Liability: |
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Individuals and Partners |
$27,500- flat
annual (effective 07.01.84). |
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Corporate Officers & LLC Members |
$27,500- flat
annual (effective 07.01.84). |
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* Information contained herein is based on the
most accurate data as of the time of posting. Please check
with you states Division of Workers' Compensation Insurance for the
most up to date information and to verify accuracy.

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