- Corporate officers (including partners and LLC managers and members) may choose to be covered (or not) when you obtain your policy. If they are excluded from coverage, you don’t need to report their payroll.
- The payroll of covered officers is assigned to the classification that best describes their job duties. Their payroll may be placed in the Clerical or Outside Sales classes only if their duties meet the proper qualifications.
- If officers directly supervise any employee, their payroll is assigned to the classification supervised.
- Officer payroll is subject to a maximum and minimum figure. Your audit may make adjustments if an officer’s actual payroll is above or below the thresholds. The officer maximum is $94,900 for the 2009 policy year and $97,500 for 2010; the minimum is $36,400 for the 2009 policy year and $37,700 for 2010.