Home > Glossary

Payroll Limitation

Payroll Limitation

Definition

A limitation on the amount of payroll for certain classifications used for the development of premium. In workers compensation insurance, payroll limitations typically apply only to sole proprietors, executive officers, partners, and certain noted classifications. In general liability, payroll limitations typically apply to executive officers, sole proprietors, and partners. The limitation varies by state.

Related Products

Navigation

Social Media

User ID: Subscriber Status:Free