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2020 CA Owner Minimum/Maximum Payroll

If you are an owner of a company that carries workers compensation insurance to protect your employees for medical injury and lost wages while on the job, you may or may not be covered. If you are not sure, ask your agent/insurance company or call me at 951-239-4494. If you ARE covered for workers comp as an owner, here are the new minimum/maximum payroll amount that will be used to determined your premium as an owner. Why ? Every year, the Workers Compensation Rating Bureau (WCIRB) updates the amount of minimum/maximum payroll for partners, owners and owner members of LLC’s. For 2020, the updates are as follows:

Minimum payroll: $52,000
Maximum payroll: $133,900

If you are over the $133,900, then you will be charged your actual payroll.

Hope this helps…. any questions, thoughts or commments, here’s 3 easy ways to reach me:

Direct Phone: 951-239-4494
Email: [email protected]
Text: 951-482-8144

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