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Why estimate when you can pay as you go.
PayrollComp is the original
"pay as you go" payroll company partner. Our system
does not require any fancy programming or complicated
spreadsheet reporting. And we don't offer advanced
proprietary technologies or unfriendly "internet only"
interface. At PayrollComp, we rely on real insurance
agents and human underwriters to quote and service your
clients.
Not long ago, the only way
to purchase workers' compensation insurance was to
estimate payroll for an entire year and purchase a policy
based on an educated guess. And most traditional
carriers require a 25% minimum premium deposit and then
bill the balance via installments. With this
scenario, business owners often underestimate their
payroll to reduce their upfront costs.
The problem with this method
is that it requires 1) more cash up front and 2) a year
end audit often resulting in more premium due just after
the policy renews.
PayrollComp is the simple
solution to prevent both of these common problems with the
current system. Our custom program allows for
worker' compensation to be billed in "real time" based on
actual payroll thereby eliminating expensive down payments
and preventing year-end audit premium bills. The
result is a happier client with better cash flow and more
predictability.
Since most payroll software
systems contain pre-designed workers' compensation summary
reports, our program only requires our payroll partners to
forward us a summary report and premium for each client on
the program at the end of each calendar month.
Give us a call to learn more
today.
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