As you may know, workers compensation is a state-mandated insurance that most businesses are required to carry. We have partnered with ADP to provide an accurate and convenient service that eliminates the administrative burdens associated with Worker Comp Premium Payments.
With ADP’s Pay-by-Pay Premium Payment Program for Workers’ Compensation, premium payments are based on actual payroll data and carrier rates, which may:
- Reduce the risk of over or underpayment of workers’ compensation premiums
- Accurately calculate premium payments
- Help minimize any surprises at the carrier’s year-end audit
The Pay-by-Pay program:
- Sends premium payments directly to your insurance carrier eliminating the need for you to
write checks and providing on-time payments based on actual payroll.
- No upfront premium deposit is required, which frees up money that you can invest back into
- Payments are spread over your company’s payroll cycle, so you know what to expect and when
to expect it