Hartford Pay As You Go Workers Compensation
The Hartford workers compensation “Pay as You Go” insurance solution has truly revolutionized the workers comp insurance business.
“Payroll Company Reported” and “Self Reporting” options are available for businesses WITH employees. Sole proprietors and Managing Members of a LLC with no employees are also not traditionally eligible for the “Pay as You Go” workers comp insurance solution. Sole Proprietors and LLC’s with no employees are often times best suited for a “Ghost Workers Comp” policy.
America Insurance Brokers is a Hartford Insurance agent that proudly provides Hartford’s workers comp insurance solutions for Retail business, Office environments, and Contractors with employees.
The Hartford Workers Comp policy requires NO MONEY DOWN. Within the first month, there will be a required payment of $250+- dollars. This payment covers a part of the policy cost called the “expense constant”. Future Hartford payments are traditionally defined at the time payroll is paid to employees. When employees are paid, the employer reports to the Hartford the amount of payroll. The Hartford then defines the cost of workers comp for that payroll period. The employer then has the opportunity to pay online their Workers Comp costs.
The Pay As You Go workers comp also positions the employer with less opportunity to be caught off guard at time of renewal. Renewals will require certain quarterly payroll documents to be submitted as audits to ensure the insurance company that payroll figures match the reported payroll.
Pay As You Go Workers Comp is a GREAT product priced LOW and providing employers with payment options. Give us a call today or submit the online request for a quote, click here.
Tags: Hartford Pay As You Go, Hartford Pay As You Go Workers Comp, Hartford Workers Comp, Workers Compensation
