
Nevada Work Comp Payroll Cap
There are 46 states in the U.S. that have a privatized work comp system. Nevada is the only one that caps work comp payroll at $36,000 per employee per year. Unfortunately, most insurance carriers and 3rd party auditing companies use standardized national audit reporting forms that do not remind the policyholder of this payroll cap. This often results in over reported payroll figures that generate an additional premium billing. The audit then has to be disputed and quickly corrected (re-filed) when this happens. To prevent the extra work this entails, we'd gladly review your audit for accuracy before submitting to the insurance company. Please don't hesitate calling us if you'd like assistance completing your audit or like us to review prior to submitting the figures. If you are well seasoned in audit reporting or don't need any assistance, please make sure to check the box on the audit forms that allows the insurance company to release the audit paperwork to our agency. This allows us to verify to payrolls reported on the audit summary issued by the insurance company.
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