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Home > Payroll > Workers' Comp Deposit Premium Too High? We Offer Pay-As-You-Go Plans

Workers' Comp Deposit Premium Too High? We Offer Pay-As-You-Go Plans

Posted on: May 2, 2017 By: robert

If high workers' compensation insurance deposit premiums are putting a bite into your cash flow, we have a pay-as-you-go plan with only 10% down.

Workers' Comp insurance assigned risk plans, commonly called "pool" polices have huge down payment requirements normally. If you rather place a 10% deposit instead of 25% or more often required by traditional assigned risk, and some voluntary  plans, ask how we can lower your payroll processing cost while actually adding more time-saving value, and help your cash-flow at the start of every workers' comp renewal.

How does it work?

  • Start or move your payroll processing to 1 Reason
  • Get a proposal for workers' comp that acceptable
  • We submit the information to facilitate a pay-as-you-go premium financing quote
  • Once the premium financing agreement is signed, you pay 10% of the premium upfront, plus any fees if any. The balance from the financing company is collected and then the policy is paid in full to the carrier.
  • 1 Reason will connect the payroll reporting software to the financing company.
  • When you approve the payroll, the correct amount is withdrawn directly for your bank account for the workers' comp payment for each pay period.
  • Assigned risk (pool insurance policies) and standard voluntary workers' comp policies are both acceptable

Comments

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Categories: Payroll, Worker's Compensation Tags: assigned risk workers comp, Pay-as-you-go-workers-comp

1Reason Agencies

What clients have to say:

Mike T. "I started a business last year and Robert responded to my inquiries immediately, and was extremely helpful and knowledgeable as to the type of insurance coverages I would need to get started. Now its been a year and he now carries All of my coverages! Absolutely the most hands on agent I've ever worked with but hands down the friendliest! I can call him anytime and never feel rushed and not only that but he responded while on a family vacation. I believe in relationships in business and so does Robert by the way he treats his customers. I have a true friend in the business, thank you Robert!"


Lynn R. "Bob is very knowledgeable and has always done a great job explaining different aspects of coverage. He is very accessible and looks out for what is best for the consumer. We highly recommend him!


Justin T. "Excellent agent, always available for answers to insurance related questions. Bob, is the person most people strive to become. Without a doubt, a great person!"


Sebastian T. "I can not begin to tell you how pleased I am with 1 Reason Insurance ! Their responding services is friendly and complete. For the services my company offers to the public it is sure nice to know that we are covered for a reasonable fee. Just having (1 R I ) 1 Reason Insurance there is such piece of mind ! Their insurance plans are strait to the point and easy to understand.
Thanks for the great service 1 Reason Insurance !"


Jeff H. "Very nice and cares about the customer! He was literally the reason why i chose him over other companies for my insurance"

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