Arkansas HVACR NewsMagazine May 2021

S tate, National, Chapter News State national Chapter News

Officer’s Payroll for the year, or not include their payroll in the premium calculation at all if they elect to exclude themselves from coverage. Some other “wages” that you can exclude are Work Vehicles, Work Uniform Allowances, Special Rewards, Severance Pay , and more. While any one of these categories may not move the needle much on your Workers Compensation Premiums, we know every dollar counts. If you have any payroll that falls into any of the excludable or limitable categories and you are not doing this now, you are leaving money on the table! Finally, I have to mention that proper bookkeeping is a must to take advantage of these savings. If you cannot prove the portion of payroll that falls into any of these categories, your Workers Compensation Carrier will not be able to exclude any total payroll from your premium calculations. Feel free to reach out with any questions about this or anything Insurance and Risk Management related. Stay Safe Out There!

Need to Save Money and Get Great Service? Now may be the best time to review your commercial insurance: General Liability, Workers Compensation, Vehicle, Building, etc.

Travis Hill……………....(479) 424 -4918 Nick Hall…………………(501) 680 -1186 Cash McMillin…….….(501) 581 -1176 David Hoffmans…….(501) 908 -2395 Association Members Receive 10% Discount Don ’t Forget Mother ’s D ay May 9th

Nick Hall