Save Money With Our Workers’ Compensation Services & Consultations
- April 8, 2024
- Posted by: admin
- Category: Uncategorized
Save Money With Our Workers’ Compensation Services & Consultations
Workers’ compensation is complicated, and it’s an ongoing administrative headache for business owners all over the United States. If you have employees, you need workers’ comp insurance—but government regulations and insurance companies don’t make it easy.
Here are just a few of the problems employers deal with every day:
- Up to 70% of companies overpay for workers’ compensation insurance, according to SHRM.
- Employers have more than 600 worker classifications to keep track of for their workers’ compensation insurance, and misclassification is a common cause of overpaying for insurance.
- Employers are constantly at risk of being audited and seeing their premiums increase even further.
It’s a huge, costly burden for employers to keep up with, and managing workers’ compensation can feel like a losing battle.
But we’re here to help.
Our workers’ compensation services and consultations can control insurance expenses while limiting your administrative burden.
Advantages of Workers’ Comp Services Through The Payroll Shoppe
Here are some of the biggest benefits of leveraging our workers’ compensation expertise within your company:
1. We can help you secure pay-as-you-go workers’ compensation options.
Pay-as-you-go is exactly what it sounds like: You pay the insurance company every pay period for the hours that were actually worked by your employees.
Pay-as-you-go is especially beneficial to employers for two major reasons:
- The end-of-the-year audit is more precise.
- Cash flow is much more predictable from year to year—a direct result of not having a surprise bill in December.
2. We interface with your insurance company and agent.
We work with a wide variety of workers’ compensation insurance companies and agents on a regular basis, and we frequently work on behalf of our clients to communicate directly with the agents to ensure the insurance companies have exactly what they require for uninterrupted coverage.
3. We’re an unbiased second set of eyes on your workers’ comp.
Thanks to our wide network of insurance companies and insurance experts, we can provide a second opinion on the service and pricing you currently receive. If we believe you could benefit from a different option, we’ll offer to introduce you to a trusted partner who can deliver even greater value to your company.
Get Support With Your Workers’ Compensation
To learn more about your workers’ compensation options, contact us! We’re here to support you in your pay-as-you-go workers’ compensation insurance agreements.