Real Experts- Trusted
How Pay As You Go Workers Comp Helps Your
Most businesses qualify for Pay As You Go coverage with one or more of our insurance
companies. Typically, businesses with at least two employees and an annual premium
greater than $750.00 are eligible for our Pay As You Go workers compensation
programs. As the national leader in Pay As You Go work comp, we're appointed with
over 35 insurance carriers. Currently, 15 of our workers comp
offer Pay As You Go payment options.
We've recently developed several new and exclusive Pay As You Go insurance programs
that make it easier and faster than ever to qualify for one of our Pay As You Go
plans. We provide direct Pay As You Go options for employers and we also partner
with hundreds of payroll service bureaus across the country. We've been the national
leader in Pay As You Go workers compensation since 2005.
Our Direct Pay As You Go program provides all the advantages of Pay As You Go
workers compensation insurance without having to outsourcing your payroll to us or
anyone else. We help make sure your employees are correctly classified under the
right codes and provide you with "Net Billing Rates" for each class code
to your business. Your Net Billing Rates combine all policy credits and debits into
the "actual" rate per class code.
At the end of each pay period, PayGo customers can either log in and submit their
payroll to the carrier, email us a payroll summary report from their software, or
complete a simple worksheet provided by us. We will electronically debit the premium
due based on the Net Bill Rates and remit payment to your insurance company.
Our accounting staff reconciles all of direct Pay As You Go reports and transfers
workers compensation premium each month, based on actual payroll data. No premium
deposit required. Better cash flow. And no large audit bills.
A lot of employers prefer to combine Pay As You Go workers compensation insurance
payroll and tax administration services. That's why we partner with payroll service
companies across the county. We offer easy and affordable Pay As You Go workers comp
programs designed to integrate with most payroll service companies for the ultimate
ease and convenience.
If your tired of handling your own company
payroll, or you simply want to see if we can save you money and workers comp and
payroll, ask one of our Specialists about our integrated solutions for payroll and
Qualifying for Pay As You Go is easy. Contact one of our Workers Compensation
Specialists today at 888-611-7467 to see if your business is
eligible, or start a PayGo quote online and we'll shop your rates with our Pay As
You Go partners and our other markets to make sure you get the very best price.
We offer several Pay As You Go workers compensation solutions including Direct Pay
As You Go and Pay As You Go combined with our private payroll and tax administration
Workers Compensation Shop works with thousands of employers, payroll companies, and
licensed insurance agents around the U.S. In many cases, we can integrate our Pay As
You Go services with your current payroll provider as long as they are willing to
track and remit your premium to us.
Pay As You Go workers comp insurance is still relatively new to many insurance
companies. Just a few years ago, business owners could only buy workers compensation
coverage the old fashion way. Employers would have to estimated their annual payroll
and then pay 25% down for their workers comp deposit. This was typically followed by
3 - 6 monthly installments to the insurance company.
When you consider the negative affect of this payment method on cash flow, its easy
to see that its an inefficient way to buy workers compensation for most employers.
The problem with putting 25% or more down and paying your policy over the first few
months of the year is that it creates a negative effect on your operating cash.
Since most employers earn revenue throughout the entire year, it makes more sense to
pay insurance premiums over the course of the entire year.
If you're a smaller employer with inexpensive classification codes such as clerical,
office, or a small retail businesses, your cash flow may not suffer because your
premiums never exceed a thousand dollars or so. But when it comes to $5,000,
$10,000, $20,000, and greater premiums, putting 25% down and paying the entire
balance over the next 4-6 months can reek havoc on your cash flow.
Workers Compensation Shop.com was started in 2005 after developing software to
manage Pay As You Go insurance. We were one of the original program administrators
for Pay As You Go workers comp for several insurance companies. We understand the
benefits of reducing down payments and helping employers improve cash flow for
We've been the market leader in writing Pay As You Go workers compensation since we
started and we continue to work with insurance companies to develop new models and
to improve our PayGo processes. Pay As You Go is simply a better way to purchase
workers compensation insurance.
Workers Compensation Shop.com agency owner- Business speaker and advocate of Pay As
You Go Workers Compensation.
Easy Pay As You Go workers comp for employers who process their own payroll or use a
provider without PayGo. No premium requirements, easier underwriting, and fast
Outsource your payroll to our preferred payroll partners or ask us to work with your
Pay As You Go workers compensation programs for Payroll Bureaus. We offer the most
Pay As You Go workers comp plans in the country and manage the back-office
Tired of losing workmans comp business to ADP or Paychex? Let us help you offer Pay
As You Go workers comp to your customers.