what you don't know about worker's comp can impact your bottom line.
Workers’ compensation insurance coverage benefits both employers and employees after a work-related injury or illness. For employees, workers’ comp covers medical care, lost wages, and support to recover and return to work. For employers, workers’ comp eliminates the need for litigation and helps control potentially devastating financial risks.
Many business owners pay more needlessly for their workers’ comp insurance because they don’t really know what drives their workers’ comp costs. The experienced team at iCOR will show you how to take control of your workers’ compensation coverage. When you or an employee needs policy support, we’ll be ready to help every step of the way. We’ll help you manage – not monitor – your policy so it provides the broadest coverage at the most affordable costs each and every year.
the advantages of workers' compensation insurance
Benefits of Pay-as-you-go Workers' comp
Pay-As-You-Go means less of a chance to pay too much throughout the year - or have a premium adjustment at the end of the policy term due to under-reported payroll. Pay-As-You-Go Workers' Comp is simply an alternative way of making your premium payments.
Lower Upfront Cost and Competitive Workers' Comp Insurance Costs, as with pay-as-you-go, you don't have to make a large, cash-flow-killing down payment up front. You can buy workers' compensation insurance with little money down, and then pay your premium in smaller amounts spread over the course of the year.
Bundle Workers' Compensation Premium with Payroll, to a single bill - with payroll, taxes, and workers' comp included - each pay period.
Pay Based on Your Schedule, as with pay-as-you-go workers' comp, your premium payments are based on your actual payroll, not projected annual payroll.