BENEFITS

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  • Advantages of ‘Pay-as-You-Go’ Workers’ Comp

    Game Plan

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    Workers’ Comp Auto Premium Payments

    There’s certainly something to be said for convenience. With pay-as-you-go, working with your existing payroll service provider and/or tax administrator, you can combine your workers comp premium with your payroll and pay a single bill—with gross payroll, taxes and workers comp included—each pay period.

    Reality check: If you choose to turn your workers comp premium payments over to your payroll bureau, you may forfeit direct control over, and knowledge of the true costs of, your workers comp program.

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    Game Plan

    Not all insurance companies offer, and not all payroll providers will support, a pay-as-you-go workers comp premium payment option. Be sure to give your current insurer and payroll bureau a call to see if they’ll work with you on a pay-as-you-go program.

    If your payroll provider does not support this option and you want to convert to one that does, there are many to choose from—and just a mouse click or two away. Just search online for “pay-as-you-go workers comp,” and you’ll find a variety of options to explore further.