What is pay as you go workers compensation?

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What does it do?

  • Allows you to pay premiums in real time, based on actual payroll, for improved accuracy. This means you’re less likely to pay more than you need to throughout the year – or have an audit adjustment at the end of your policy term due to under-reported payroll.

Insurance Plus and Accounting Plus are teaming up to provide “Pay as you go” workers compensation policies to our clients. Accounting Plus is already an approved payroll provider with many of the National Insurance Carriers (MEM, The Hartford, Markel, Guard, etc.) that provide “pay as you go” or monthly reporting workers’ compensation policies. That allows Insurance Plus the rare opportunity to partner with our co-workers in Accounting Plus’s Payroll department to offer our clients seamless reporting and many more options in “Pay as you go” than most other agencies in Mid-Missouri.

What are some benefits of pay as you go workers compensation?

  • Improved Cash Flow
  • Reduced and sometimes zero down payment
  • Real-time premium calculations based on actual payroll
  • Reduced risk of owing large additional premium at end of policy term due to under-reported payroll

Let us tell you more about our options here at Insurance Plus. Contact us today!

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