Pay As You Go Insurance
So who wants to pay
a large upfront deposit for business insurance and then probably
owe money at the end of the policy when the audit is completed?
Doesn't sound like the smartest business decision. But its
exactly how commercial insurance has worked for the past 100
years.
Rather than paying
a 25% premium deposit upfront based on a educated guess about
payroll, what if we said you could pay a $0 premium deposit and
then report and pay your insurance premium each month or as you
process payroll? Sounds like a better decision business
decision to us.
Introducing PayGo Insurance
Solutions
Now business owners
have a choice. Pay insurance premium the old fashion way
with a down payment and installments, or pay premium based on
real payroll reports to improve cash flow and reduce audit risk.
Eligible lines include workers compensation and general
liability insurance.
|
Comparing PayGo Insurance to Traditional Coverage
|
|
|
|
Premium down payment required:
|
Yes
|
No
|
|
Premium based on estimated payroll:
|
Yes
|
No
|
|
Minimizes annual audit exposure:
|
No
|
Yes
|
|
Premium paid is accurate:
|
No
|
Yes
|
|
Maximized cash flow:
|
No
|
Yes
|
|
|
|
|
|
We give you options
at The Insurance Shop. Every time we shop your commercial
insurance we offer traditional billings options and Pay As You
Go options when your business qualifies. Get started on a
Pay As You Go insurance quote today!
|
