Low down payments, no estimates & easy end of year audits are some of the benefits associated with pay as you go workers' compensation.
Typically, a workers' compensation policy requires 10% - 25% of your premium as a down payment. WIth pay as you go workers' compensation, you only need to put down applicable taxes and fees. This is extremely effective for managing cash flow.
With a pay as you go workers' compensation policy, you are charged only for the payroll allocated during that pay period - no more guess work associated with assuming payroll and then suffering a huge end of year audit.
While pay as you go workers' compensation policies still require an end of year audit, your audit will be streamlined because your payroll should already be calculated accurately.
These are just some of the benefits - pay as you go workers' compensation has a number of additional benefits. Fill out the form below to learn more.