At this time, there is no minimum* payroll requirement with EMPLOYERS®️. The payroll listed should reflect the accurate amount each employee earns throughout the course of the year. Please be aware that under reporting payroll may lead to ineligibility or requests for additional information regarding an account. *The only exception is for contractor class codes, which has a minimum payroll of $50,000.
Part time employees are eligible to be quoted and may need to be confirmed through additional reach out.
Subcontractor and 1099 employees are also eligible, and should be listed under the number of employees and payroll for a location, however, the insured must collect COIs for all subcontractors and independent contractors,
Helpful tip: The payroll of a full time employee should not fall below:
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- State minimum wage * 40 * 52.