Pay-As-You-Go Workers' Compensation Program
The traditional process of managing workers' compensation premiums is costly, tedious and time-consuming. Typically, workers compensation insurance premiums are manually calculated not from actual figures, but from estimated payroll data collected from expensive annual audits. Fortunately, Unicorn HRO offers Pay-As-You-Go workers' compensation* to its valued clients.
Unicorn HRO's Pay-As-You-Go workers' compensation program changes the way companies manage their workers' compensation premiums. Pay-As-You-Go offers employers the compelling advantage of managing workers' compensation insurance payments in real- time, thereby allowing for accurate and fiscally responsible cash flow management. The Pay-As-You-Go program eliminates the need for large installment payments and costly annual year-end insurance reconciliation audits.
Pay-As-You-Go makes improving cash flow effortless and convenient, while being extremely effective. This program eliminates the uncertainty that is often associated with annual workers compensation payments by basing workers' premium payments on the actual payroll rates set by the insurance provider, rather than on estimates. The workers' compensation premium calculations are automatically processed through Unicorn HRO's payroll solutions.
Our Pay-As-You-Go workers' compensation program provides the following benefits:
- Maximization of cash flow by eliminating large upfront installment payments
- Workers' compensation premiums based on actual payrolls rather than estimates
- Real-time evaluation of premium payment history and calculation
- Elimination of costly year-end insurance reconciliation audits
- Rated A (Excellent) Financial Size IX by A.M. Best
*The offering of the Pay-As-You-Go Workers Compensation feature of Unicorn's payroll services is not the offer or sale of any insurance product. All insurance products will be offered and sold only through appropriately licensed brokers of customers or Unicorn Brokerage, LLC and its licensed agents or its licensed insurance partners. N.J. License 8218391.