Offering Affordable Solutions to Protect Yourself & Your Employees
Businesses Need Workers Comp
Workers’ compensation or workers’ comp is a form of insurance to help cover injured or sick employees’ medical expenses, as well as help replace wages from lost work time. Workers comp also helps protect employers from potential lawsuits due to possible negligence.
Reducing the Costs of Coverage
When partnering with Applied for Worker’s Compensation Insurance, a company can eliminate premium financing and premium adjustments through a Pay-As-You-Go Worker’s Compensation program. Your premiums are based on your actual payroll and not projected annual payroll. This helps protect you from audit exposure because your premium is based on real-time payroll wages.
How Does Pay-As-You-Go Work?
- Continue running payroll as usual. This will ensure employee count and wage data is up to date.
- Premium is then calculated each payroll cycle.
- Large lump sum payments are eliminated.
- Audits are eliminated by paying 100% of your premium according to your payroll cycle.