Pay As You Go billing integrates your Workers’ Compensation premium directly to your payroll software and automatically submits small payments to your insurance company based on what you actually owe for each payroll period. You pay only what you owe, as you owe it, based on your actual real-time payroll data.
Pay As You Go Work Comp calculates your premium using your actual payroll data each pay cycle, unlike traditonal billing whereby your premium is based on your projected yearly payroll.
Pay As You Go Work Comp is a true reflection of your business’s finances, and not guesswork.
There are several benefits to a Pay As You Go Workers’ Compensation policy:
No large downpayment
Easier cash flow management
Reduce or avoid audit surprises
Save time and money