Our Pay-As-You-Go Makes Business Happen for Business Owners
One of the largest costs of doing business is insuring your employees against injury on the job ― Workers' Compensation coverage. Paying for workers' comp is always a challenge due to the high cost of premiums.
Trying to estimate your payroll for the coming year can be difficult if your employee base fluctuates throughout the year.
SmartPay Pay-As-You-Go provides the ability to pay workers' comp premium ― one payroll period at a time.
How SmartPay Helps Your Business to Achieve Your Goal
- Workers’ Comp premiums are paid per payroll period based on actual payroll vs. estimated projections.
- No over or under paying – you pay exactly what you owe.y
- Premiums are automatically deducted each time payroll is processed.
- Results in accurate reporting of payroll numbers and premium paid.
- Significantly reduce downtime, productivity lost and aggravation caused by audits.
Your SmartPay Benefits
- Pay-As-You-Go vs. paying an estimated amount.
- No large down payments or estimated advances to insurance companies.
- Frees up cash flow for operating expenses.
- Exact reports track premiums paid per pay period.
- Reduce any audit risk.
- Payroll deduct ensures accuracy and ease of implementation.
- 24/7 access to your cloud-based financial reports.
With SmartPay’s Pay-As-You-Go solutions, your company has the ability to accurately pay any workers’ comp premium one payroll period at a time!