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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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Construction risks: All owners (regardless of
entity type) MUST be included for coverage. The minimum payroll
figure is $15,600 for the year, up to $51,200.
All other risks: Owners are automatically
exempt, but may elect coverage. If they elect coverage, it is
for a flat payroll amount of $51,200, regardless of their actual
income.
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Individuals and Partners |
$51,200- annual
(effective 03.01.08).
Sole-proprietors
and partners covered only if endorsed on policy. |
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LLC Members |
State has not
addressed treatment of members. Likely
same as above. |
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Corporate Officers: Corporations |
$15,600- Min
Weekly Payroll (effective 03.01.00).
Executives may be
excluded by endorsement. |
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*Notes |
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General Liability
Information: |
Owners Wages for
General Liability: |
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Individuals and Partners |
$23,300- flat
annual (effective 02.01.82). |
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Corporate Officers & LLC Members |
$5,200 to $26,000-
flat annual (effective 02.01.82). |
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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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Tennessee Workers Compensation Information (TN)