Workers Compensation insurance for the majority of businesses represents a significant operational expense. Mandated in most states, Workers Comp coverage protects your business if an employee gets sick or injured on the job. An injured or sick employee receives Workers Compensation benefits to cover expenses like medical bills, job retraining, and pay up to a certain amount while away from work.

At Insure My Work Comp, we understand that for many businesses paying a lump sump for Work Comp premiums can impact cash flow, tying up money that can otherwise be used for daily expenditures. That’s why we offer a Pay-As-You-Go option in which you make premium payments each time you run your payroll. Your Workers Comp insurance costs are spread out throughout the year. In lieu of paying a large lump-sum payment to cover the estimated cost of your liability, with Pay-As-You-Go Workers Comp, the amount you pay is based on each payroll you run. If you add or lose employees, your premium liability will change. This is particularly a smart option for organizations with seasonal or highly fluctuating payroll.