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:

Submit your payroll at your desired frequency.
Your premiums are calculated based on submitted payroll and employee risk levels.
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. 


Better Cash Flow

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

Reduced Audit Surprise

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

Automated Payments

Automatically collect your premiums each period so you can stay focused on running your business.

Eliminated Future Down Payments

Take care of your down payments right away and avoid future costs for your business.

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.

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.  
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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