| Pay-by-Pay® - A Worker's Compensation Premium Payment Program That Fits Your Business Needs:
Managing workers' compensation premium payments can be a complicated, lengthy process. Large up-front deposits are usually required. Premium payments are often underestimated, causing year-end audits that can become costly. There's a disruption of company cash flow and forgotten payments can result in policy cancellation.
Pay-by-Pay allows you to change the way you pay your workers' compensation premium payments, which can help you avoid annual premium payments and improve your cash flow.
With Pay-by-Pay You Can -
- Reduce risk of year-end audits
- Eliminate large upfront payments
- Minimize overpayments and underpayments with premiums based on carrier rates and actual, not estimated payroll data
- Calculate Workers' Compensation premium payments with each payroll
- Improve company cash flow because premiums are spread over each pay period
- Diminish the burden of writing separate premium checks because ADP will debit premium expense with each payroll
- Have premium payments made directly to your carrier
- Receive premium reporting via email at no additional cost
- Decrease the risk of late payment policy cancellations
Ask Yourself -
- How can I improve my company cash flow?
- How can I reduce the stress of a year-end audit?
- How can I increase accuracy and efficiency of payments to avoid under and overpayments?
- Can I cost-effectively manage workers' compensation premium payment program?
Answer Yourself -
- With ADP's Pay-by-Pay program for Workers' Compensation.
This material covers the offering of the Pay-by-Pay payroll feature of ADP's payroll processing services and does not involve the offer or sale of any insurance product. All insurance products will be offered and sold only through Automatic Data Processing Insurance Agency, Inc., its licensed agents or its licensed insurance partners.
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