Posts Tagged ‘Pay As You Go Workers Compensation’

Enhance Your Cash Flow

Wednesday, November 30th, 2011

Our exclusive Pay-As-You Go Workers Compensation solution was designed especially for businesses seeking increased cash flow and greater peace of mind. Pay-As-You-Go Workers Compensation allows businesses access to affordable workers compensation insurance designed to work with your business and your payroll cycle. There’s no premium deposits required to start a Pay As You Go, payroll deducted, workers compensation policy when you use PCS to process your payroll. The premiums are automatically collected based on “real-time” payroll data, which helps make your workers compensation insurance virtually audit proof.

Pay As You Go Features

Program Features:

  • Easy Payroll Workers Compensation Deduction Setup
  • No Start-up Cost
  • Insurance and Payroll Quote in Three Business Days
  • Competitive Rates from National Insurance Companies
  • Automatic Renewal Process to Maintain Coverage
  • Simple Premium Collection via our Payroll Preparation Processing
  • Keep your own agent our use one of ours

Why You Should Pay Workers Compensation Premiums As-You-Go:

  1. Zero Down! No more down payments to bind Workers Compensation coverage.
  2. Cash Flow! In these uncertain times, projecting your payroll and having the funds to make the estimated payments in advance can be challenging.
  3. Pay what you owe! No more and no less.
  4. No More Surprises! You will avoid time-consuming and expensive audits because your payroll service provides all the required records on an ongoing basis.
  5. Convenience! Bundling Workers Compensation insurance with a payroll service is convenient and efficient.

Watch a video that explains the program by clicking here.

Pay As You Go? Ask Your Agent

Sunday, October 31st, 2010

Pay As You Go Workers CompensationIf your Workers Compensation Policy renews in the next 90 days, ask your agent about utilizing a Pay As You Go policy at renewal.  Pay As You Go Workers Compensation policies are becoming one of the more popular choices at renewal because they increase cash flow and minimize audit exposure annually.

There is no down payment and premiums are paid “as you go” based on the classifications of your employees and the compensation they receive each pay period.  Since the data is accumulated and transmitted to the carrier throughout the entire year directly from PCS, you will have virtually no audit exposure if you’ve classified your employees properly.

To determine if a Pay As You Go policy is right for your company, you first need to find out if you fit the “appetite” of the insurance carriers that participate in this program.  High risk classifications may be excluded as well as smaller policies under $2,000 in annual premium.  Finally, mods over 1.3 are excluded.  For a listing of acceptable classifications, click here.

Our program is different in that it allows you to use your current agent.  So if you qualify, the next step is to have your agent contact our Program Manager, Scott French for a quote.

Scott French
Workers Compensation Program Manager
918-764-1630 Direct
918-289-2932 Direct Fax
http://www.onthemarkworkcomp.com/index.htm

Have your agent identify them self as representing a Payroll Control Systems Client and that they are calling to get a quote for our Pay As You Go Workers Compensation program.  Quotes can usually be obtained within 48 hours with the necessary submission information.  The carriers involved in the program are Liberty Mutual, Travelers and AmTrust.

To recap, here are the benefits of the program:

  • Zero down vs. Down payment or deposit,/li>
  • Pay as you go vs. Installment plans with monthly service fees
  • Premiums are based on actual payroll vs. Best guess
  • Improved cash flow
  • No audit surprises
  • “A” rated carriers
  • Personalized care from your agent

To see more, visit our website by clicking here.

Legal Disclaimer: This article is intended for informational purposes only and by no means should replace or substitute other legal documents (governmental or non-governmental) reflecting similar content or advice. If you have any questions concerning your situation or the information provided, please consult with an attorney, CPA or HR Professional.

Increase Cash Flow with PCSTruePay

Tuesday, July 27th, 2010

Pay As You Go Workers CompensationOur exclusive Pay-As-You Go Workers Compensation solution was designed especially for businesses seeking increased cash flow and greater peace of mind. Pay-As-You-Go Workers Compensation allows businesses access to affordable workers compensation insurance designed to work with your business and your payroll cycle. There’s no premium deposits required to start a Pay As You Go, payroll deducted, workers compensation policy when you use our payroll outsourcing service.

We collect your workers compensation premium based on “real-time” payroll data, which helps make your workers compensation insurance virtually audit proof. Additionally, we will process and help manage your audit each year with any of our Pay-As-You-Go insurance solutions.

Program Features:

  • Easy Payroll Workers Compensation Deduction Setup
  • No Start-up Cost
  • Insurance and Payroll Quote in Three Business Days
  • Competitive Rates from National Insurance Companies
  • Automatic Renewal Process to Maintain Coverage
  • Simple Premium Collection via our Payroll Preparation Processing
  • Keep your own agent our use one of ours

Why You Should Pay Workers Compensation Premiums As-You-Go:

  1. Zero Down! No more down payments to bind Workers Compensation coverage.
  2. Cash Flow! In these uncertain times, projecting your payroll and having the funds to make the estimated payments in advance can be challenging.
  3. Pay what you owe! No more and no less.
  4. No More Surprises! You will avoid time-consuming and expensive audits because your payroll service provides all the required records on an ongoing basis.
  5. Convenience! Bundling Workers Compensation insurance with a payroll service is convenient and efficient.

Contact us today to learn more about our payroll and insurance solutions.