12 Equal Installment Workers Compensation Insurance

Workers Compensation Shop.com offers 12 Equal Installment Plans in most states for employers and other agents.  12 equal installment programs are not available for all risks. in all states

Our 12 equal installment plans are similar to the traditional direct bill work comp programs in that they are based on estimated payroll and billed directly to the policy holder.  However, these insurance plans improve employer cash flow for the policy holder because they reduce the deposit amount required at start-up and spread the premium out over the entire 12 month policy period.

Here is an example based on a $10,000 insurance policy:

12 Equal installment plans are good for companies with medium to high premium with relatively stable payroll who prefer to pay their premium equally  over the entire policy term.

• Direct Bill

  • The industry standard.  15% to 25% down with 3 to 9 installments.

• 12 Equal Installments

  • Available with some of our carriers to help improve cash flow and reduce upfront premium due.

• Self Monthly Reporting

  • An improved version of 12 equal installments that helps protect against additional audit premium.

• Direct Pay As You Go

  • A proprietary program of generating and paying premium based off of you current payroll system.

• QuickBooks Pay As You Go

  • A proprietary program where work comp is integrated into your QuickBooks software.

• Pay As You Go via your Payroll Company

  • A proprietary program whereas we report and collect premium from your current payroll company.

• Payroll/Work Comp Outsourcing

  • Our own solution for integrating payroll and workers' compensation into a single source solution.