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 an estimated premium based on projected payroll for the coming year, calculate exactly what you owe based on accurate payroll. And instead of making hefty down payments early in the plan year and writing multiple checks to the insurance company throughout the year, the process 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:

Traditional Policy
“Pay-As-You-Go”
Cash Flow Advantage
No
Yes
Payroll
Estimated
Actual
Premium
Estimated
Actual
$0 Down Payment
No
Yes
Minimal Risk at Year-End Audit
No
Yes
A.M. Best “A” Rated Carriers
???
Yes

Trust the Experts

Let our knowledgeable team at Benefit Providers help you in
managing your business and your employees better.

Let our knowledgeable team at Benefit Providers help you in
managing your business and your employees better.