What is Insurepay?
Insurepay is a Pay-As-You-Go Workers Compensation Insurance premium payment solution that uses ACTUAL payroll data to calculate and collect ACTUAL premiums each pay cycle. Premiums are debited from your business bank account and remitted directly to the insurance carrier.
Benefits of Insurepay
- Eliminates Large Down Payments, Improving Cash Flow
- Premium payments are made each pay period and no large, upfront premium deposits are required.
- No Year End Audit Surprises
- Annual premiums are based on actual payroll (not estimates) and paid each pay period which eliminates audit surprises.
- Greater Convenience
- Premiums are deducted automatically each pay period.
- No need to write checks.
- Reduced risk of late payments and cancellation.
- Reduced Administration Costs
- Virtually eliminates time spent administering traditional workers compensation policies.
