{"id":275,"date":"2019-12-17T16:14:22","date_gmt":"2019-12-17T16:14:22","guid":{"rendered":"https:\/\/newsite.payrollmedics.com\/blog\/?p=275"},"modified":"2019-12-17T16:14:22","modified_gmt":"2019-12-17T16:14:22","slug":"benefits-of-pay-as-you-go-workers-compensation-insurance-option","status":"publish","type":"post","link":"https:\/\/www.payrollmedics.com\/blog\/benefits-of-pay-as-you-go-workers-compensation-insurance-option\/","title":{"rendered":"Benefits of Pay as You Go Workers Compensation Insurance Option"},"content":{"rendered":"<p>Workers\u2019 compensation insurance is a requirement for most business owners, but it\u2019s something that often brings with it a large amount of stress. Sure, you want to protect your employees in the event of a workplace injury, but you also want to ensure that you\u2019re not overpaying or underpaying for insurance, which could result in finance charges or a big bill at the end of the year. At Payroll Medics, we\u2019re proud to offer our pay-as-you-go workers\u2019 compensation insurance option which allows you to more easily budget based on exact payroll data.<\/p>\n<h6><strong>What is Pay-As-You-Go Workers\u2019 Compensation Insurance?<\/strong><strong>\u00a0<\/strong><\/h6>\n<p>Typically with <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.payrollmedics.com\/workers-compensation\" target=\"_blank\" rel=\"noopener noreferrer\">workers\u2019 compensation<\/a><\/span> insurance you pay premiums every month, quarter or once a year. The problem with this approach is that it\u2019s difficult to know whether you\u2019ve paid enough or too much in terms of premiums. With our pay-as-you-go option, your premium is collected each payroll period based on your payroll data. This means that you always are paying exactly what you owe and shouldn\u2019t have to worry about any surprises at the end of the year.<\/p>\n<p>Additionally traditional workers\u2019 compensation insurance providers will require a hefty down payment and charge you finance charges if you underpay your premiums, even if you were doing your best to project the amount of workers\u2019 compensation insurance you needed throughout the year.<\/p>\n<p>Thanks to our pay-as-you-go option there literally is no guess work. You simply pay what you owe based on each period\u2019s payroll data and then you can rest easy knowing that have adequate workers\u2019 compensation insurance in the event that one of your employees is injured on the job.<\/p>\n<h6><strong>Improve Cash Flow with Pay-As-You-Go Workers\u2019 Compensation Insurance<\/strong><\/h6>\n<p>No one likes to have to write a large check at year end to make up for underpaid insurance premiums. With our pay-as-you-go option, you won\u2019t have to worry about cash flow issues at the end of the year, because you will have already paid what you owe throughout the year based on accurate payroll data. You\u2019ll never have to worry again about surprise workers\u2019 compensation insurance audits that oftentimes result in you having to write a check for a big dollar amount for underpaid premiums.<\/p>\n<h6><span style=\"color: #000080;\"><strong>Partner with Payroll Medics to Handle All Your Workers\u2019 Compensation Insurance Needs<\/strong><strong>\u00a0<\/strong><\/span><\/h6>\n<p>At Payroll Medics, we partner with several \u201cA rated\u201d workers\u2019 compensation carriers to offer you the most convenience and cost effective insurance options. We\u2019re always committed to going above and beyond for each of our clients, which is why we\u2019re so excited about this pay-as-you-go option for workers\u2019 compensation insurance. To learn more feel free to <span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.payrollmedics.com\/contact-us\" target=\"_blank\" rel=\"noopener noreferrer\">contact us<\/a> <\/span>today at <strong>(864) 640-8981<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Workers\u2019 compensation insurance is a requirement for most business owners, but it\u2019s something that often brings with it a large amount of stress. Sure, you want to protect your employees in the event of a workplace injury, but you also want to ensure that you\u2019re not overpaying or underpaying for insurance, which could result in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.payrollmedics.com\/blog\/benefits-of-pay-as-you-go-workers-compensation-insurance-option\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Benefits of Pay as You Go Workers Compensation Insurance Option&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":281,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,90],"tags":[94,40,95,39,93,38,92,91],"class_list":["post-275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-payroll-services","category-workers-compensation","tag-hr-solutions","tag-hr-support","tag-hr-support-greenville","tag-human-resources","tag-pay-as-you-go-workers-compensation","tag-payroll","tag-payroll-medics","tag-workers-compensation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Benefits of Pay as You Go Workers Compensation Insurance Option - Payroll+Medics Payroll | Workers&#039; Compensation | HR Solutions<\/title>\n<meta name=\"description\" content=\"At Payroll Medics, we\u2019re proud to offer our pay-as-you-go workers compensation insurance option which allows you to more easily budget based on exact payroll data.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.payrollmedics.com\/blog\/benefits-of-pay-as-you-go-workers-compensation-insurance-option\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Benefits of Pay as You Go Workers Compensation Insurance Option - Payroll+Medics Payroll | Workers&#039; Compensation | HR Solutions\" \/>\n<meta property=\"og:description\" content=\"At Payroll Medics, we\u2019re proud to offer our pay-as-you-go workers compensation insurance option which allows you to more easily budget based on exact payroll data.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.payrollmedics.com\/blog\/benefits-of-pay-as-you-go-workers-compensation-insurance-option\/\" \/>\n<meta property=\"og:site_name\" content=\"Payroll+Medics Payroll | Workers&#039; 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