Our standard premium payment plan is 8.5% down and 10 equal installments with no interest charged. Of course, payroll reporting and other payment plans may be discussed with underwriting. All fees, including Association/Membership Fee, Expense Constant and Loss Control fee are fully earned at the inception of the policy. And remember, every account is subject to a premium audit.
- Minimum payroll – $22,000
- Minimum premium – $1,500 (degree of risk may require higher premiums)
- Maximum payroll for Sole Proprietors and Partners – $23,700 per person, per year
- Maximum payroll for Owners/Officers of a corporation – $46,800
- Charge for increased limits of Employers Liability –
- $500,000 – 1.7%
- $1,000,000 – 2.8%
Blanket Waiver of Subrogation 2% of Standard Premium, minimum of $250, max $1,500.