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Workers' Compensation Insurance
Cover
Protect your employees and business with an affordable, pay-as-you-go, workers' compensation plan when sudden injuries or illness occurs in the workplace.
Why You Need Workers' Comp Insurance
Avoid Legal Costs
Avoid severe financial penalties, lawsuits, stop-work orders, and even criminal charges in certain scenarios.
Protect Your Business
Mitigate the pressure of managing legal risks associated with Workers' Comp and protect your business from potential lawsuits.
Required By Most States
Most states require businesses to have workers' comp insurance, with each state having its own regulations and procedures.
Why Choose A Pay-As-You-Go Workers' Comp Plan
Standard Payment Plans |
Pay-As-You-Go Plan |
| Premium based on estimated payroll | Premium based on actual payroll |
| Large up-front deposits with limited payment terms | Little to no down-payment requirements |
| Lengthy audit process, often with additional charges and refunds | Limited adjustments to make during audit |
| Checks to write, often requiring complex equations | Automatic premium collection through payroll processing |
| Manual reporting required | Integration with actual payroll reduces workload |
| Less flexible for growing or seasonal workforces | Easily scales with changes to the workforce |
Who Typically Needs Workers' Comp?
Construction
Manufacturers
Healthcare
Restaurants
Transportation
And More
Sign Up For Pay-As-You-Go Workers' Compensation
We handle the policy setup while assisting you with payroll integration and ongoing compliance, so you can ensure premium payments are accurate and based on your actual payroll.
Skip expensive down payments and reduce audit surprises, and enroll in a pay-as-you-go workers' comp policy to safeguard your business without the administrative hassle today.
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Other Business Insurance Offerings
Commercial Property
General
Liability
Liability
Business Owners Policy (BOP)
Professional Liability
Commercial Umbrella
Commercial Auto Insurance
Data Breach
Insurance
Insurance
Workers' Compensation
Workers' Compensation Insurance FAQs
Premiums are calculated each payroll cycle and paid incrementally, eliminating large upfront deposits.
Yes, you will still need an annual audit for a Pay-As-You-Go Workers' Comp policy. However, Pay-As-You-Go policies significantly reduce audit surprises because your payroll data is reported in real time.
Going with a Pay-As-You-Go policy will allow you to avoid fines for these common audit surprises:
- Incorrect job classifications
- Overlooked subcontractor costs
- Hidden reimbursements
Workers' Comp insurance covers benefits related to injuries and illnesses suffered by employees in the workplace.
Additionally, the following benefits are covered under the policy:
- Medical expense coverage
- Rehabilitation costs
- Lost wages compensation
- Disability benefits
- Death benefits
- Return-to-Work programs
- Legal defense costs
Generally, no; however, regulations vary by state. Some states, such as California and New York, require workers' compensation insurance for sole proprietors. Regardless, if your business tends to have a higher risk of injury, your business might benefit from a workers' compensation plan.
Workers' compensation audits are manual, often mandatory reviews conducted by insurers that compare an organization's actual payroll and job classifications against the estimates used to set the initial policy premium.
This basically helps match premium prices to the actual risk, assessing if you'll be given a refund for an overpayment or a bill for underpayment.
Pay-As-You-Go plans greatly simplify the audit process while also limiting the number of adjustments you need to make to your premium, since payments are based on actual payroll.