Is payroll capped for the contractor on the cgl policy?

Rates are base on payroll for all contracting risks. When you take out a policy, your rates are based on what payroll figures you give the company, then checked by supplying copies of your federal tax reports. Every year you are audited by the insurance company who either sends an auditor to the business or allows you to just submit your tax reports. They may check different ways in different years. Rates are always based on payroll and adjusted by audit results. If you have more payroll than the rates then you owe the company more money and if less, they will refund you back premiums.