Workers Comp Pay-As-You-Go - Workers Compensation Insurance CA

Workers Compensation Pay-As-You-Go Program allows Business Owners to start their Workers Comp Insurance with little or no money down. Also, this program helps protect employers from large audit bills because the premiums are based on the real-time payroll reporting. This is not the case with the regular Work Comp Insurance policy.

The regular Workers Compensation Insurance is based on company’s payroll prediction, which usually leaves the Business Owners with overpayment or underpayment of the insurance premiums. As a result, insurance companies are conducting audits every year to fix this issue. With Workers Comp Pay-As-You-Go Program such unnecessary extra step is eliminated, which saves time and money for the employer and insurance company.

Advantages of Pay-as-You-Go Workers Compensation Program

This program has become very popular in business world with it’s advantages for the business owners. It reduces or eliminates upfront coasts and relies completely on the actual, real-time payroll that the company runs. This results in more premium savings, where those costs are unavoidable with original Workers Compensation insurance program.

Please keep in mind that Pay-As-You-Go Workers Compensation is only a different way of making your premium payments and a way to save on premiums. The Pay-As-You-Go Work Comp Insurance coverage is not any different from the regular Work Comp coverage. With Pay-As-You-Go Workers Comp Program, every insured will have responsibility to carry and pay premiums, collect certificates of insurance and other obligations. Your Workers Compensation Insurance coverage must still be provided through a state approved workers comp insurance carrier.

With those compelling reasons more Small Business in California are considering the Pay-As-You-Go program over the regular Workers Comp program.

You also can get a FAST & EASY Online Quote by clicking Here. If you need to find out your industry Classification Codes, click here. Also, please contact us to learn more details about Work Comp Pay-As-You-Go Program.