We have learned that the Nebraska Insurance Department has approved Item B-1441 – Revisions to NCCI Manual Rules Related to the COVID-19 (Coronavirus) Pandemic.
The rule change addresses the question of payroll for employees who are being paid but are not working as it relates to the basis of premium.
If you have furloughed employees and you are continuing to pay them, please be sure to maintain good record of these payments so that this payroll is not included in the premium calculation on your Work Comp audit. Auditors will be looking for clear delineations in your records. NCCI has created a new code, 0012, which will be used for reporting these payments.
NCCI has received numerous questions in the last few weeks regarding COVID-19 and the impact it may have on the workers compensation industry. For answers to FAQs, please visit NCCI’s FAQ page.
Please let us know if you have any questions. We are here to help!
Most people don’t spend much time thinking about the details of their insurance policies until…
If you had to make a list today of everything you own, how much could…
Unexpected events rarely happen when it's convenient. A storm, a car accident, a kitchen fire,…
Searching for ways to lower insurance costs is understandable, but being underinsured after a major…
An insurance policy review in Omaha helps individuals and families make sure their coverage still…
First time homeowners insurance Omaha policies can seem straightforward at first, but many new homeowners…
This website uses cookies.