Simplify cashflow management & minimize your audit exposure
We understand that managing your Workers’ Compensation costs efficiently is crucial to the success of your business.
With your participating Workers’ Compensation policy, you can now streamline your premium payments and gain greater control over your cash flow by enrolling in a pay-as-you-go billing option.
Benefits of pay-as-you-go billing:
- Improved cashflow: pay-as-you-go billing allows you to pay your premiums based on your actual payroll, allowing you to manage your cash flow.
- Accuracy & transparency: this billing option ensures that your premiums are based on real-time payroll, eliminating “estimated” payments and minimizing audit adjustments.
- Time savings: with automated premium calculation through an approved payroll vendor, you can save time by avoiding the manual self-reporting process, allowing you to focus on running your business.
We recommend enrolling in a pay-as-you-go billing option at policy inception or your next renewal date. Mid-term enrollment is not recommended.
Interested in learning more? Reach out to a member of your regional account team to see how you can enroll in pay-as-you-go billing for your Workers’ Compensation policy.