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Classification Phraseology as of:
9/1/2023
 
Classification Code:
8803
 
Phraseology:

AUDITING, ACCOUNTING OR MANAGEMENT CONSULTING SERVICES — all employees — including Clerical Office Employees and Clerical Telecommuter Employees

The entire remuneration of each employee shall be included, subject to a maximum of $154,700 per year. When the policy is in force for less than a 12-month period, the maximum payroll amount shall be prorated based upon the number of weeks in the policy period.

Footnote:

This classification applies to the provision of accounting or auditing services to other concerns on a fee basis, including but not limited to traveling to customers' locations, reviewing records, inventorying assets, preparing tax documents, providing accounting advice and ensuring regulatory compliance of financial records. This classification also applies to consulting firms that provide managerial advice to other concerns on a fee basis.

Consulting firms providing services limited to computer programming or software development to other concerns on a fee basis shall be classified as 8859(1), Computer Programming or Software Development.

Law firms that provide legal services on a fee basis shall be classified as 8820, Law Firms.

This classification does not apply to accounting, auditing or management consulting operations performed by the same employer in connection with its other separately classified operations.

Approved Pure Premium Rate:
To learn how approved pure premium rates are different than insurer rates, click here.
Effective DatePure Premium RateNote
9/1/2023$0.10New/Renewal
9/1/2022$0.13New/Renewal
9/1/2021$0.13New/Renewal
Prior Phraseology and Footnote:
Shown below is the previously published phraseology and footnoteEffective Date

Phraseology:

AUDITING, ACCOUNTING OR MANAGEMENT CONSULTING SERVICES — all employees — including Clerical Office Employees and Clerical Telecommuter Employees

The entire remuneration of each employee shall be included, subject to a maximum of $149,500 per year. When the policy is in force for less than a 12-month period, the maximum payroll amount shall be prorated based upon the number of weeks in the policy period.

Footnote:

This classification applies to the provision of accounting or auditing services to other concerns on a fee basis, including but not limited to traveling to customers' locations, reviewing records, inventorying assets, preparing tax documents, providing accounting advice and ensuring regulatory compliance of financial records. This classification also applies to consulting firms that provide managerial advice to other concerns on a fee basis.

Consulting firms providing services limited to computer programming or software development to other concerns on a fee basis shall be classified as 8859(1), Computer Programming or Software Development.

Law firms that provide legal services on a fee basis shall be classified as 8820, Law Firms.

This classification does not apply to accounting, auditing or management consulting operations performed by the same employer in connection with its other separately classified operations.

9/1/2022
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