Pay-As-you-go Workers' compensation
Traditionally, businesses had only one way to pay their workers’ compensation premium: up front and 
based on an educated guess – not exactly a payment strategy most smart business owners would advocate. The solution: SmartCompSM a payroll deduction workers’ compensation product, a pay-as-you go plan. SmartCompSM can simply be described as “BETTER”, and here is why:
Rather than paying estimated premium based on projected payroll for the coming year, SmartCompSM calculates exactly what customers owe based on accurate payroll. And instead of making hefty down payments and writing multiple checks to the insurance company throughout the year, SmartCompSM provides policyholders with electronic debit all in coordination with their regular payroll provider.
Our pay-as-you-go product is superior when compared to traditional workers’ compensation.
Here’s why:
- Predictability
- No down payment of policy premium
- Improvement of cash flow
- Electronic withdrawal of premium payment
- Easy year-end audit process with little to no audit liability
| Traditional Policy | AP Intego | |
|---|---|---|
Cash Flow Advantage |
No |
Yes |
Payroll |
Estimated |
Actual |
Premim |
Estimated |
Actual |
$0 Down Payment |
No |
Yes |
Minimal Risk at Year-End Audit |
No |
Yes |
A.M. Best "A" Rated Carriers |
?? |
Yes |
See how this can help your cash management. Contact us today!