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Jan 09
CT Workers Comp Min/Max Payrolls for Executive Officers Announced

​Each year, the Workers' Compensation insurance rate filing submitted to the Connecticut Department of Insurance by the National Council on Compensation Insiurance (NCCI) includes adjustments to the maximum and minimum payroll amounts for executive officers. The 2023 rate filing, which was approved by the department last fall, provides for the following​:

Maximum Weekly Payroll applicable in accordance with the Basic Manual rules, Rule for premium determination of executive officers and Rule for premium determination of members of LLCs..…..………………… $3,000
Minimum Weekly Payroll applicable in accordance with the Basic Manual rules, Rule for premium determination of executive officers and Rule for premium determination of members of LLCs..…..………………… $1,500

The new amounts were effective on Jan. 1, 2023.

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