Workers' Compensation

Because Workers’ Compensation premiums vary based on payroll volume, most carriers and agents write policies with premiums that are estimated. Unfortunately this often results in business owners paying additional premiums at the end of the year, because their payroll was higher than expected. Or, if payroll is lower, they get money back because they essentially overpaid throughout the year.

With FishLadder’s fully integrated pay-as-you-go (PAYG) program, your premium is calculated and paid with each payroll. This is ideal for businesses that are seasonal or have fluctuations in staffing throughout the year.

This cash flow management tool allows business owners to align resources and pay only for the coverage they need on a per pay period basis. It eliminates large deposits and minimizes annual audits because the program is based on actual payroll rather than on projections. No more huge pre-payment estimates or lump sum catch-ups on the prior year’s changes. If cash management is important to your business, ask us about the FishLadder PAYG workers’ compensation program today.