Member & Agent Information

Underwriting Facts & Figures

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.