Owner/Officer Payroll

Includes proprietors, partners, and officers active in the business – except those that exclusively handle clerical duties. $12,000 minimum payroll for each owner. If all owners are clerical or sales then $12,000 is charged for one owner only (plus any employee payroll).

Employee Payroll

Includes payroll of employees (except excluded below), clean up workers, tradesmen, casual laborers, leased employees, and labor pool personnel.

Employee Payroll Does Not Include

Proprietors, partners, officers, sales only and clerical office employees.

• Example 1 (Policy Period 1/1/13-1/1/14)

2 owners – 1 sales/clerical and 1 in field is $12,000 minimum for active owner 2 employees – both working their trade in the field paid $43,000. Total payroll used in this submission – $55,000.

• Example 2 (Policy Period 1/1/13-1/1/14)

1 owner – 1 sales/clerical is $12,000 minimum (must have a $12,000 charge for at least 1 owner as minimum for owners regardless of duties!) 1 employee – Employee is working their trade in the field paid $18,000. Total payroll used in this submission – $30,000.

Explanation of Subcontractor Costs

The total annual cost of subcontractor payments and the operations performed by the subcontractors for the applicant (ie: painting, flooring etc) must be reported. All subcontractors must name the applicant as an additional insured (AI) on the subcontractor’s policies and provide a Certificate showing limits of insurance at least equal to or greater than the limits on this policy.