Pay as you go Work Comp
Pay-as-you-go workers’ compensation insurance is increasing in popularity in the business world. Eliminating up-front costs and outdated payment methods are two of the biggest reasons’ businesses are turning to pay-as-you-go for workers’ comp insurance. Compared to an estimated annual payroll amount, pay-as-you go relies on real-time payroll to calculate workers’ comp premiums, resulting in more accurate premium payments. This means less of a chance to pay too much throughout the year – or have a premium adjustment at the end of the policy term due to under-reported payroll.