Product Update

Large Deductibles, Posting Notices, Payroll Limitations, and Cancellation Updates in IRMI Workers Comp

This release of IRMI Workers Comp contains updated material pertaining to large deductibles, state-specific posting notices, and payroll limitations for sole proprietors, partners, executive officers, and limited liability company (LLC) members along with revised state-specific cancellation/nonrenewal information.

  • The large deductible programs discussion focuses on the advantages and disadvantages, collateral requirements, program structure, state regulations, and insurer requirements.
  • For the month of July 2019, there were no changes that affected posting notice requirements.
  • Rhode Island made a change to its payroll limitation amounts that will be effective August 1, 2019.

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