Real Experts- Trusted Advice
A work comp program designed to improve
employer cash flow for small business owners.
We offer the most flexible workers comp payment options in the United States. We've
partnered with some of the biggest and most creative workers compensation carries in
the country, and we went back to the drawing board with our carriers to develop
better payment programs to help our customers get their most affordable policy fast
and with better cash flow options.
Several of our payment options require zero down deposits to make it more affordable
to purchase and maintain coverage. We've also spread the payment terms out longer
over a longer period of time. Why pay in full or make premium payments over 4 - 6
months when we can help spread your workers comp payments out of over 11 or 12
* Our 11 and 12 equal payment programs are not available for all risks or all by all
of our insurance companies.
Our equal monthly installments and other flexible payment plans are similar to
traditional direct bill workers compensation programs in terms of being based on
estimated payroll by classification code and billed directly to the policy holder's
business address. However, our new insurance plans are better because they improve
business cash flow for the policy holder and they often reduce the deposit amount
required when you bind coverage, spreading the premium payments out over the entire
Our equal installment and Flex-Pay payment plans are perfect for companies with
annual premiums over $3,000. They generally work better for employers who have a
consistent and predicable payroll. Employer's who have fluctuating or seasonal
payrolls, or more than 3 workers' comp class codes may prefer our monthly reporting
programs or Pay As You Go programs.
Call us today at 888-611-7467 to find out if your business qualifies for one
of our easy and flexible payment plans. Or get started with an online quote now and
we will find the best solutions for your coverage.
Insurance companies vary widely on payment terms and options. Most of our carriers
offer payment options including:
Most insurance companies charge late fees when payments are made after the due date.
Insurance companies may even issue a notice of cancellation when a payment is later
than 10 days. It is important that business owners make timely payments for their
insurance coverage as it can become difficult to replace coverage with a new carrier
once an employer has had their insurance policy cancelled.
At Workers Compensation Shop.com, we work with payroll service providers throughout
the United States to help business owners cash flow their workers compensation via
the payroll process. We're happy to either recommend a payroll partner in your area
or work directly with your current company to integrate your workers compensation
billing with your payroll.
If you process your payroll internally we offer an agency bill Pay As You Go program
that enables you to report your payroll by classification code to our agency at the
end of each pay period or month. We provide you with class code billing rates so you
know exactly how much your premium will cost each period.
We work with over 35 workers comp insurance companies across the U.S to shop your
insurance coverage for the best price.
With dozens of Pay As You Go and easy installment plans to choose from, you get more
flexible options for your business.
We've developed Target Programs with our insurance companies to help find you the
right insurance product with lower rates.