Usually Workers Compensation premiums are based on estimated payroll figures determined prior to the policy period. Many times you have to pay 25%, 50% or 100% of your yearly premium upfront!
When the policy renews, an audit is done to determine the actual payroll for the policy period. If you're payroll is higher than your initial estimate, you'll owe extra premium ON TOP of your down payment for the next years renewal!
The revolutionary Pay-As-You-Go Workers Comp program offers an incredible solution to the traditional method. Instead of making estimates and doing major audit adjustments, you pay premium each pay-period based off of actual payroll wages. When you have your audit, you will have already been paying premium based off actual wages and all your normal hassles are gone!
Are you ready to save time and money managing your Payroll and HR administration needs?