Managing workers’ compensation premium payments is a complicated, manual and lengthy process. Traditional programs require large, up-front premium deposits, typically 20 – 100% of the policy term. Premium payments are based on estimated payroll which can result in costly year-end audits and the manual administration is very time consuming.
Proliant’s pay-as-you-go program for workers’ compensation allows you to change the way you manage your workers’ compensation premium payments. It is a simple, effective and convenient service which helps to improve cash flow and eliminate the confusion associated with managing workers’ compensation premium payments.
Benefits:
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Helps eliminate large up-front premium payments
- Minimizes over-and/or under-payments with premiums based on actual carrier rates and payroll data that is exact, not estimated.
- Reduces impact of year-end audits
- Decreases the risk of late payment policy cancellations by sending carrier payments on time.