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George Whitehouse, CPA, Chief Marketing Officer

Pay-As-You-Go Worker's Compensation

Cash Flow Advantages and Access to Highly Rated Carriers

Payroll Network has partnered with E-Comp to provide our clients with ability to enjoy the cash flow advantages and other benefits of pay-as-you-go workers comp while still having access to multiple highly rated carriers. These benefits include:

  • Save time and money
  • No down payment or deposit
  • Premium is calculated on actual payroll at each pay period, not estimated
  • Competitive rates with quotes from multiple insurance companies
  • No checks to write, premium is automatically debited
  • No monthly or quarterly audit reports to complete
  • Audit adjustments are minimal--audit process handled internally with no additional paperwork, unless state mandated

  

 

 


  Traditional Workers' Comp Pay-As-You-Go Workers' Comp
Deposit/Downpayment 25% Minimum No Deposit/No Down Payment
Premium Estimated, based on projected payroll (usually underestimated) Calculated, based on actual payroll at each pay period
Reports Monthly and quarterly audit reports to complete No monthly or quarterly audit reports required
Audit Year end on site or phone audit, documentation required, additional premium due or refund Handled internally, minimal adjustments and no additional paperwork (unless state mandated.)

 

Insurance Brokers

If you are an insurance broker, learn how you can also offer these competitive products to your Payroll Network clients and maintain your broker relationship.  Contact Joe Young,mailto:jyoung@payrollnetwork.com.