By Glenda Moyle, Premium Accounting Manager

Each year we evaluate officer coverage and rating rules. Currently, officers are included in your Workers’ Compensation calculation with a minimum payroll amount of $20,800 and a maximum of $45,000 each.

Effective 1/1/19 or later the minimum payroll amount for an officer is $26,000 and the maximum included will be $50,000.

These new amounts will automatically be applied to renewals effective 1/1/19 and after. If you have any questions, please contact me at glenda.moyle@mtmic.com/blog.