Purchasing Worker’s Compensation insurance is a necessary, but often painful, experience. Many companies looking for Worker’s 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.
PayNet Worker’s Compensation service eliminates much of this grief by offering a product that is secure, well-priced, and administered by service focused, expert professionals. With PayNet Worker’s Compensation you make payments based upon an actual payroll volume, so you don’t have to worry about painful annual audits, or big finance charges. It eliminates the initial outlay of cash and improves your cash flow, since the calculation is based on actual subject wages on a per pay period basis. In addition, you can enjoy quality coverage complete with loss control, medical management, and claims services.
PayNet Workers’ Compensation benefits:
- Integrated directly with our PayNet payroll system
- No down payment
- Lessens the need for audits
- Premiums calculated with each payroll
- No up-front fees
- Improves cash flow
- No finance charges
- Pay as you go feature