By Glenda Moyle, Premium Accounting Manager

Well, we have started working on the January 2023 renewals. I have been working on these for over 35 years and it’s hard to believe that another year has sped by.

If you have an effective date in January you should have already received your payroll renewal form asking for new estimated payrolls for the 2023 policy year. The goal to accurately estimate payrolls reduces the chance of a surprise audit additional premium.

A common question I hear is what do we do if the payroll estimate form is not returned to MTMIC? Well, we use the higher of your 2021 audited payrolls or your current policy (2022 estimated) payrolls for your quote. It is never too late to send us back the form as we can always revise your payment schedule.

If you need another copy of the payroll form please contact me at Glenda.moyle@mtmic.com

Also, the 2023 renewal quote documents will be going out at the end of November so please watch your mail for them.