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Pay-As-You-Go Workers' Comp Insurance from People Lease

Standard Workers' Compensation Insurance can be expensive. Because Workers' Compensation premiums vary based on payroll, most carriers and agents write policies with estimated premiums.

Unfortunately, this often results in business owners having to pay additional premiums at the end of the year because their payroll was higher than expected. On the other hand, if payroll is lower than expected, the insurance company keeps your money all year.

However, with a Pay-As-You-Go Workers' Comp solution, your premium is paid based on your actual payroll. This is an ideal solution for all businesses, regardless of whether they are seasonal or vary in staffing needs throughout the entire year. We make sure you spend only the money needed for workers' comp with a clear sense of budget planning.

 

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The Value of Pay-As-You-Go Workers' Comp Insurance


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Save Money & Avoid
Legal Costs

Avoid hefty down-payments and legal fees through an affordable policy with deductions you based on your actual payroll.

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Protect Your Assets & Employees

Mitigate the pressure of managing legal risks associated with Workers' Comp and protect your business from potential lawsuits.

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Most States Require Workers' Comp Insurance

About 45 states require businesses to have workers' comp insurance, with each state having its own regulations regarding who's covered.

Why Choose a Pay-As-You-Go Workers' Comp Plan


Pay As You Go Workers Comp Plan Comparison Chart
Pay As You Go Workers Comp Claim

Where to Purchase Pay-As-You-Go Workers Comp Insurance?

As a PEO and business insurance solution provider, People Lease handles the policy setup while assisting with payroll integration and ongoing compliance, so you can ensure premium payments are accurate.

Skip the expensive down payment and reduce audit surprises. Get a workers' comp policy that safeguards your business without the administrative hassle.

 

 

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Pay-As-You-Go Workers Compensation FAQs

How Are Payments Made Under a Pay-As-You-Go Plan?
Premiums are calculated each payroll cycle and paid incrementally, eliminating large upfront deposits. 
Will I Still Need Annual Workers' Compensation Audits With a Pay-As-You-Go Plan?

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
What Types of Injuries are Covered Under the Workers' Compensation Plan?

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

Business Insurance Options from People Lease

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Commercial Property

Coverage for your business equipment, furniture, and more

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General Liability

Protection from liability claims, covering customer and employee incidents

Business Owners Policy Insurance

Business Owners Policy (BOP)

All-inclusive package with liability, property, and income protection

Professional Liability Insurance

Professional Liability

Stay protected when errors or omissions happen when providing services

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Commercial Umbrella Insurance

Extend coverage for claims exceeding liability policy limits

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Commercial Auto Insurance

Cover damages from your business vehicles

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Data Breach Insurance

Protect sensitive digital information from cyberattacks

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Explore All Business Insurance Options

Check out each coverage option People Lease has to offer

Contact Us

Interested in People Lease's software and services for your business? Complete the form below and a member of our team will reach out shortly.
Or give us a call us at 1.800.723.3025