Important Update for Workers Comp Insureds: Furloughed Employees
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COVID Could Cause Huge Audit Nightmares: Be Prepared
- NCCI has introduced workers compensation class code 0012 for paid furloughed employees.
- Some carriers have added this class code to their monthly self-reporting portals.
- If an employer has paid furloughed employees, as of 3/2/2020, they should be separating payrolls accordingly and be prepared to provide these payrolls to their workers compensation auditor.
- If the payroll has not been properly separated, the auditor will assign payroll to the governing class code.
- If an employee performs duties for their employer at any time, they are not deemed a paid furloughed employee for the time they perform these duties and the corresponding payroll will be assigned to the appropriate class code
- If an employee’s duties have changed due to CV-19 (I.E. a waiter changes to a delivery driver) a new class code will apply
For more information please visit FCBI FUNDamentals: https://fcbifund.com/covid-19-update-employee-classifications/
If you have any questions, please reach out to us ASAP: info@primegroupins.com or 844-631-4901.