Pay-As-You-Go
Workers' Compensation
Payroll
Resources SmartPay™ Solutions is an insurance partnership that provides
your customers with high-quality, affordable workers' compensation plans,
purchased on a per-payroll basis. Since premiums
are based on actual payroll amounts; there are no up-front payments or
end -of-the-year audit adjustments.
The Dilemma
Purchasing Workers' Compensation
insurance is a necessary, but often painful experience. Many companies
looking for Workers' Compensation coverage are hit with large up front
premium charges. These "down payments" commonly start at 25%
and can be as much as 100% of the estimated premium.
The Solution
With
the Payroll Resources SmartPay™ service provided by leading
insurance carriers, you make payments based upon an actual payroll volume,
so you don't have to worry about painful year-end audits, or big finance
charges. It eliminates the initial outlay of cash and improves your cash
flow, since the premium calculation is based on actual subject wages on
a per pay period basis.
The Payroll Resources SmartPay™ service
is integrated directly with our payroll system and allows a business owner
to budget more effectively.
Isn't it time to make the move to a better
workers compensation solution?
Benefits
- No down payment
- Lessens the
need for audits
- Premiums calculated with each payroll
- No up-front fees
- Improves cash flow
- No finance charge
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