Now you can provide pay-as-you-go workers' compensation solutions for your clients to help them avoid large, up–front deposits and year-end surprises which regularly occur with workers' compensation insurance. By integrating workers' compensation insurance with payroll, workers' compensation expense can be calculated each payroll verses making estimated payments and then waiting for an audit at year end. The payments are electronically debited after each payroll to help ensure timely and accurate delivery to the insurance carrier. We have strategic partnerships to offer this service or you can track and report workers' compensation directly through the system.
Workers' Compensation Calculation & Payment Service
Managing workers' compensation premium payments is one of the many challenges small and midsize businesses face. To help business owners address this challenge, the property and casualty insurance subsidiaries of our partners like The Hartford Financial Services Group, Inc., AP Intego and The Guard have teamed with Apex Payroll to offer workers' compensation premium-calculation and payment services to clients.
Your payroll customers that purchase this coverage from these carriers will now have access to pay-as-you-go workers compensation service. With this service, premiums for a workers’ compensation policy are calculated automatically and paid each payroll date. Because premiums are calculated based upon actual payroll, this automated payment service helps employers to better manage their cash flow. The use of our workers’ compensation program eliminates the need for large up-front premium deposits or finance charges and helps to minimize audit surprises at the end of the policy year.
Take advantage of Workers' Compensation Payment Service. The program helps improve your client's cash flow by calculating and paying your workers' compensation premium as their payroll is processed. It allows your clients to avoid large upfront deposits and those unanticipated, large year-end audit adjustments due to inaccurate payroll projections.
Better Cash Flow Management For Your Business
- No down payment
- Workers' Compensation premiums calculated on actual payroll
- Automatic premium payment with each payroll, no checks or monthly bills
- Eliminate or reduce large year-end audit adjustments