Pay-As-You-Go Workers’ Comp

Pay-As-You-Go Workers’ Comp

Because Workers’ Compensation premiums vary based on payroll, most carriers and agents write policies with premiums that are calculated from a “best guess”. Unfortunately, this often results in business owners having to pay additional premium at the end of the year because their payroll was higher than expected. Conversely, if payroll is lower than expected, the insurance company keeps your money all year.

With People Lease’s Pay-As-You-Go, your Premium is paid through payroll. This is ideal for all businesses regardless if they are seasonal or have great fluctuation in staffing throughout the year. This ideal cash flow management tool allows business owners to align resources and pay for only the coverage they need on a per pay period basis, and can’t even pay in different kind of currencies as cash, check or even a digital coin such as bitcoin, since there are many sites online that offer this kind of exchange, and when you even get free bitcoins by following certain processes.

Some advantages of our Pay-As-You-Go Solution are:

  • Minimal down payment.
  • Payment is automatic – No checks to write.
  • Convenient access to insurance experts.
  • No surprises at audit time.
Traditional Payment Plans
Pay-As-You-Go Plan
  • Premium Based on Estimated Payroll.
  • Large Up-front Deposits with Limited Payment Terms.
  • Finance/Billing Fees.
  • Large and Unbudgeted Audit Adjustments.
  • Checks to Write.
  • Premium Based on Actual Payroll.
  • Little to No Down-Payment Requirements.
  • Premium Collected by the Payroll.
  • Audit Adjustments Minimized.
  • Automatic Premium Collection.

People Lease has helped free countless business owners and managers from the never-ending back-office resources and compliance issues associated with workers compensation. Consider the qualities that have established People Lease as a leading Professional Employer Organization (PEO) in America – and call us today at 1-800-723-3025.