Important Notice: Workers’ Compensation Payroll Calculation Change

Important Notice: Workers’ Compensation Payroll Calculation Change

Note that the workers’ compensation officer exclusion threshold is changing to 10 percent.

As of July 1, 2018, the workers’ compensation officer exclusion threshold is changing to 10 percent. This new threshold will allow exclusion on Workers Compensation as long as the percent of company ownership is 10 percent or more (revised from 15%). For some of our clients who carry workers’ compensation insurance, this will mean a certain person or group of people can now be excluded from the payroll calculation.

Last year, state law AB2883 changed officer exclusion criteria making it so that only owners/officers/executives with at least 15 percent ownership could be excluded from the payroll calculation for workers’ compensation premiums. Please note that this has now changed to 10 percent.

If this is relevant to your situation, please contact us for more information. At Lloyd S. Berkett Insurance Agency, we are here to help with any questions you may have.

11150 W. Olympic Blvd.
Suite 1100
Los Angeles, CA 90064

(310) 857-5757
(800) BERKETT | 237-5388
Fax: (310) 857-5750

Recent Posts

Welcome to Lloyd Berkett Insurance Agency

November 27, 2013


Company History

The Lloyd S. Berkett Insurance Agency, Inc. was founded in 1946 by Lloyd S. Berkett. Regarded as one of Southern California’s most successful, well-respected and innovative independent insurance agencies, ... Read More

Copyright © 2013 Lloyd S. Berkett Insurance Agency, Inc.

Customized & Managed by Stratophere Marketing Solutions