Defining the workers compensation policy

Use a workers compensation policy to record information such as policy number, effective date, carrier, and contact person.

  • Policies can be created for each year or updated for each year. Policy dates must not exceed a calendar year. The beginning policy date is used to determine the year for plans that have an annual limit. If you do not create a new policy or update the existing policy for the next year, the limits are no longer enforced.
  • To calculate monthly limits, the application looks for any closed time records within the same calendar month as the payment date for the current payment to determine if the monthly limit has been met.
  1. Select Payroll Administrator > Setup > Workers Compensation.
  2. Click the Policies tab.
  3. Click Create.
  4. Specify this information:
    Workers Compensation Policy
    Specify a name for the policy.
    Description
    Specify a description of the policy.
    Policy Dates
    Specify a beginning and end date.
    Policy Number
    Specify a policy number.
    Insurance Company
    Specify the insurance company for the policy.
    Contact First Name
    Specify the first name of the contact person for the policy.
    Middle
    Optionally, specify the middle name of the contact person for the policy.
    Last Name
    Specify the last name of the contact person for the policy.
  5. Click Save.