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Nonprofit and public corporations

Nonprofit and public corporations

An officer of a nonprofit corporation or a public corporation who is paid by the corporation for Oregon work is covered under your policy.

Payroll reporting

Covered officers must report actual payroll within the following limits:  

Annual reportable payroll for new and renewing policies as of January 1, 2020:

  • Minimum of: $54,600
  • Maximum of: $218,400

If your policy period is anything other than one year in length, or an officer is covered for a portion of a policy period, use the following weekly minimum and maximum amounts for the period of coverage:

Weekly reportable payroll for new and renewing policies as of January 1, 2020:

  • Minimum of: $1,050
  • Maximum of: $4,200

Compare the officer's actual payroll for the number of full and partial calendar weeks of covered work during the policy period to the minimum and maximum limitations above. Report actual payroll, but no less than the minimum, nor more than the maximum.

Contact us at 800.285.8525 for more information.       

From saif.com

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