We live in a world today where practically anything can- and does- happen. And your business needs to be prepared. Workers' Compensation Insurance protects your employees if they get injured on the job, while also protecting your business.

PAY-AS-YOU-GO

Pay As You Go Billing (“PAYG”) links your workers’ compensation policy directly with your payroll process and automatically remits payment to your insurance carrier. Unlike traditional billing, where your premium is based on an estimated annual payroll, PAYG systematically calculates your premium using your actual payroll data, every pay cycle. This ensures that your premium is a true reflection of your business and brings you the following benefits:

➤ Saves time and money With Pay As You Go workers’ comp, there are no checks to write or payments to remember, enabling your clients to spend more time focusing on their core business priorities instead of insurance. And unlike traditional billing options, there are no installment billing fees from insurance companies.

➤ Cash flow protection
With traditional workers’ comp, your clients are required to pay a 25-100% advance on their estimated
annual premiums, tying up vital cash. Instead, you can offer your clients Pay As You Go workers’ comp so they pay premiums over the course of the year, one payroll period at a time, spreading out the cost and protecting their cash flow.

➤ Reduce or eliminate audit expenses
Because traditional workers’ comp billing practices are based on your clients’ estimated payroll, premiums don’t adjust as staffing levels, salaries, and other variables change over time, resulting in more costly and difficult year-end audits. Conversely, with Pay As You Go workers’ comp, audits are easy and painless because premiums have been calculated and paid based on their actual payroll.