Having Workers Compensation insurance for your business is not only important to gain peace of mind for your organization, but it is also required by law in California. For a small business just starting out, Workers Compensation insurance ensures that you and your employees are protected. This is important - but it does bring the downside of hefty premium costs.
If avoiding large, annual lump-sum insurance premiums sounds good to you, as an alternative, we offer pay-as-you-go Workers Compensation insurance.
Pay-as-you-go Workers compensation Insurance allows you to make smaller payments toward your premium each time you run payroll. The premium amount you pay with each payroll is based on the actual payroll dollars. If you lose employees or hire more talent, your premium payment fluctuates because you are paying for current employees in real time. Each payment is accurate and exactly what you owe with each payroll.
Designed to accommodate small businesses, there is no down payment or deposit required to establish pay-as-you-go Workers’ Compensation coverage.
The Payroll Vault Value
- Improve cash flow
- Improve financial accuracy
- Easy access to monthly reports
- Remove file transmission fees and check writing
- Remove monthly or quarterly audit reports
Contact Us Today to learn more about our pay-as-you-go Workers Compensation Insurance service designed for your small business.