Payroll Solutions

Pay-as-you-go workers' comp insurance

Eliminate big premium deposits, reduce audit risk, and improve your cash flow with pay-as-you-go workers' comp insurance. 

What is pay-as-you-go workers' comp insurance?

In a pay-as-you-go setup, your workers' comp premiums are based on your actual payroll and exposure risk.

With traditional workers' comp insurance you pay a large lump sum upfront, overpay for coverage you don't need, and get drilled with additional payments at audit time.

Pay-as-you-go improves your cash flow:

How pay-as-you-go workers' comp works:

1
Submit your payroll at your desired frequency.
2
Your premiums are calculated based on submitted payroll and employee risk levels.
3
Payment is automatically deducted from your account each pay period.

Pay-as-you-go workers' comp insurance is the way to go

Workers' Comp is coverage for your employees AND coverage for business. But it shouldn’t cost you an arm and a leg.

With our Connected Payroll model, we seamlessly integrate your plan with our payroll, giving you the ability to pay as you go. 

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Better Cash Flow

Replace one large payment with smaller payments every time you run payroll.
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Reduced Audit Surprise

Since your premium is based on payroll wages, you don’t have to worry about random audit exposure.
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Automated Payments

Automatically collect your premiums each period so you can stay focused on running your business.
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Eliminated Future Down Payments

Take care of your down payments right away and avoid future costs for your business.
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Secured Money-Saving Premiums

Your insurance premium is based on each payroll period – that means your premium will adjust if you add/lose employees or have a slow week during your off season.
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Stronger Broker Connections

Stay connected to the right expert at the right time. If you have a broker, we’ll work with them. If you need a broker, we’ll match you with one.

What does pay-as-you-go workers' comp insurance cost?

While costs vary state to state, your Workers’ Comp premiums are based on three main factors: 

  1. Job ClassificationWhether you’re a mechanic or a dog groomer, your job will be classified by the risk associated with your line of work. The higher the risk, the higher the costs 
  2. Total Wages Paid: The is set at a specific rate dependent on job classification 
  3. Experience Modification Rate (EMR):  Calculated based on past workers’ comp claims and dependent on industry. Higher claims mean higher expenses.  
On-Demand Webinar

Practical insights to supercharge your
workers' comp plan

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Save money, save time, and eliminate frustration with pay-as-you-go workers' comp insurance.

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I’m very pleased we switched to an integrated pay-as-you-go program. Not only is my client service rep responsive, I’m saving a lot of money on workers’ comp insurance.

Ed Penta
McKinnon's Market
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Using ConnectPay has saved me time and aggravation and allowed me not to prepay my workers’ compensation and have to file for a refund.

Rich Bond
Bond & Company

Workers' Compensation Resources