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Insurance Brokers vs. Payroll Service Bureaus – Pay as You Go

While it's hard to imagine, a new conflict has risen over the last few years in the insurance world.  The battle between insurance brokers vs. payroll service bureaus isn't really a bloody, dirty war, but it is being fought and in many cases, payroll service bureaus are winning.  Companies looking for workers compensation coverage will likely find themselves deciding between insurance brokers vs. payroll service bureaus since the two each offer very unique opportunities and choices when it comes to insurance.  Pay as you go workers comp is the main reason that payroll service bureaus have the edge when talking about insurance brokers vs. payroll service bureaus, and taking a closer look at this feature will help you determine which side you should select when choosing between insurance brokers vs. payroll service bureaus.

As mentioned above, the main reason that many companies opt to avoid insurance brokers when analyzing insurance brokers vs. payroll service bureaus is simply pay as you go workers compensation.  It is an easy to understand system that offers several benefits to employers and can explain why choosing between insurance brokers vs. payroll service bureaus is so difficult to do. 

  • Pay as you go insurance doesn't require large up front deposits and will often save you money, which is why when it comes to insurance brokers Vs. payroll service bureaus the insurance brokers often lose out.  The ability to avoid up front deposits is hard to ignore.
  • If you're already using payroll services for your payroll, choosing that company when deciding between insurance brokers Vs. payroll service bureaus is an obvious choice.  That's because you'll have your workers comp payments closely linked to your payroll information, a fact that will ensure you don't pay any more than you're supposed to and one that will keep you protected from compliance issues should they arise.
  • Like the choice between insurance brokers vs. payroll service bureaus, there are often different pay as you go policies so that you can select the one that fits your company's needs perfectly.

It may be surprising that a decision between insurance brokers Vs. payroll service bureaus even exists, but a closer look helps to explain just why so many different companies have forsaken traditional insurance brokers.  Taking a closer look at all of your options will help you select the right one for you.  When it comes to choosing between insurance brokers vs. payroll service bureaus, it may be a decision that you weren't expecting but one that can deliver numerous benefits to you and your company.  You can't operate without workers comp, so be sure to take a close look at the options and decide between insurance brokers vs. payroll service bureaus.  Your decision may very well surprise you.


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