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» Pay-As-You-Go Workers Comp

Pay-As-You-Go Workers Comp

Coworkers at desk vector Virtually all states require businesses with W-2 employees to have workers compensation coverage. Carriers offer a variety of methods for paying for workers’ comp premiums, with most requiring a hefty down payment and additional payments throughout the year. At year-end, if your company grew and didn’t report changes, your carrier will audit you and send you a large bill for unpaid, owed premiums. A pay as you go workers comp option simplifies the process, automatically withdrawing premiums from your account based on actual (not estimated) payroll information throughout the policy year.

Pay-as-you-go flows easily and can adapt if your company shrinks or grows. It takes away the hassle of an unexpected bill and ultimately saves a hefty amount of money.

Benefits Of Pay As You Go Workers Compensation

Not only does a pay as you go workers comp options eliminate the need for hefty upfront payments, it significantly reduces your organization’s risk for year-end audits – and removes the risk of a large, unplanned large bill from your insurance carrier. Why base your liability on grasping straws? Pay as you go workers compensation bases premiums on the actual reality. Companies pay what they need to, and not any amount over that. Money is able to be saved with this option, and companies can pay the accurate liability amount.

Where We Can Help

We will first market your coverage to all the major carriers to ensure it is correct and competitive. Once the coverage has been confirmed, our team will assist you with payroll integration to ensure that premiums are paid effortlessly and automatically.

We provide solutions that work for our clients. New City Insurance offers options that:

  • Reduce Audit Risk
  • Spread Payments Out
  • Pay On Time Each Month
  • Stay Competitive

By utilizing these unique pay as you go workers comp options, companies put themselves at an advantage. Traditionally, when workers compensation is paid, it is paid in a lump sum. With pay-as-you-go, payments are more concise and can save companies money. There is less financial strain, and this solution is easily adaptable if your workforce grows or shrinks. Since the payments are automated with each payroll, the workers compensation premiums will easily be accounted for each time. Gone are the days of forgotten payments, pay-as-you-go ensures you never miss a premium.

Protect With New City Insurance

Boss using pay as you go workers comp vector The protection of your employees should never come as a second option. The health and safety of the worker is imperative to a business running. In order to protect your hardworking workforce, companies can purchase pay as you go workers comp. This type of coverage will protect employees, while not causing the company to pay more than needed. The workers comp payments are automated, thus making it an overall easier process for both employers and employees.

Companies who are looking for an easier experience with workers compensation can look no further than New City Insurance. We are a talented team of insurance agents who provide the best possible solutions to our clients. If you’re ready to simplify your workers compensation payments, reach out today. You can reach us by calling 888.210.2759, or by requesting a consultation online.

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Corporate Headquarters 350 10th St, Ste 1000 San Diego, CA 92101
888.210.2759
info@newcityinsurance.com

Insurance Products

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Benefits Consulting

  • 401k & Retirement
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HR & Technology

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  • HR Support

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  • Biotech Industry
  • Cannabis Industry
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Google Rating
4.9
New City Insurance
New City Insurance
4.9
Mary Jane Deyette
Mary Jane Deyette
00:57 11 May 20
Jeff Stoltey is so awesome...even thru my company had only two employees, he took the time each year to research and find the best plan for us. The only reason I am leaving New City Insurance is because we no longer have any employees. Thank you Jeff
Tricia DeYoung
Tricia DeYoung
19:49 13 Feb 20
I was very thankful I inquired about this info. with Brendan. He was very helpful so I understand the benefits available much better now. Thank you Brendan.
Alma Ortiz
Alma Ortiz
22:25 23 Feb 20
Brendan was awesome! I couldn't figure out how to pick my plan and he returned my call on a weekend to help me. Outstansing service!
B Bayer
B Bayer
17:43 24 Sep 19
NCI handled almost everything from start to finish. Clayton and Brendan made the plans easy to understand and walked me through the application process. They got me my ID numbers before my cards arrived so that I could keep an appointment I had already scheduled. My last broker wouldn't have done that. 5 stars!
jessica kavanagh
jessica kavanagh
19:53 13 Feb 20
Brendan was so helpful I definitely recommend him if you’re in need of good help and getting it done promptly. Thankyou so much again.
Jessica Lehr
Jessica Lehr
03:36 07 Jun 19
Our staff was interested in a health plan, but we didn't know how beneficial a solid employee benefits package would be for our business to expand. We'd lose prospective employees because they had more options for their medical insurance which was sometimes more valuable than more pay. The New City team was amazing and gave us as many affordable options as possible so that everyone had their needs met.
T W
T W
22:32 30 Aug 20
I love New City Insurance. I never had a good experience dealing with insurance brokers until I started working with Brendan. He’s awesome! He is patient with me and takes the time to answer all my questions. I’m very grateful for all his help and hard work!
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