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How You Should Keep Your Records <br />By maintaining yo❑r payroll records in accordance wit❑tip <br />following giJdelines, yo❑ mig❑t red❑ce yob insr7ance <br />costs. <br />Overtime. In most states, ti—e amo—nt paid in e:cess of <br />straig❑t time pay can ❑e dedi❑cted if it can Lie Eorified in <br />yob records. Yo❑ mkt maintain yoor records to siEow <br />pay separately ❑y employee and in s::nmary ❑y <br />classification of wori❑ <br />*Division of an employee's payroll to more tlDan one <br />classification is not allowed in most states. <br />Exception: For constr❑ction, erection or ste❑edoring <br />operations tEe payroll of an employee may De allocated to <br />eac❑ type of wor❑ performed if proper records are Eopt. <br />Yoh records mEM s❑ow tE0 nEn❑er of ❑cis and amo-Ant <br />of payroll for eac❑ type of wor❑ If yo❑ do not Eoep s❑c❑ a <br />Firea❑down, t❑e f71 salary mC:st Ele cEiarged to tEle EJg❑est <br />rated classification to w❑ic❑t❑e employee is eEposed. <br />Executive Officers in most states are considered <br />employees of t❑eir corporation and incl❑ded in t❑e <br />compEtation of premii-in. T❑eir remLineration is assigned <br />wit❑a❑t diiJsion to tE:O actlal operation in wiJc❑ ti-ey are <br />engaged. If tFlair dElies are t e same as tiEose of a <br />worEOr, foreman or siEperintendent, tiDair payroll is <br />assigned to tip classification tilt de::OIops tip Jg—est <br />payroll. MinimLin and ma:lm::n payrolls apply to <br />e:�OciEti:A� officers. <br />Automated Records. If yoEr records are aiAomated or <br />yoi❑ plan to aiAomate in t0a near fiAilre yo❑ can o❑tain <br />maijmEM iDenefits ❑y setting Ep yob records to incl❑de <br />insiErance re❑iEirements. OLT PremiiErn A::ditor will Lie <br />pleased to assist yo❑ in setting qa yob records. Contact <br />yob ❑artford RepresentatiE0 if yo❑ world li❑e tAs <br />assistance. <br />NOTE: T❑e contents of tEJs p❑dication are not intended <br />to sEpersede any definitions or conditions of yob policy, <br />t❑e WorEorsECompensation Law or any legal rdings. <br />*Your state may have specific rules or exceptions. <br />Please contact your Hartford Representative for details <br />that may apply and answer questions you may have. <br />Form 98456 5th Rev. 12-13 Printed in O.S.A. Page 2 of 2 <br />