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Pay-as-you-go Workers Compensation

Eliminate upfront payments with Pay-As-You-Go Workers Compensation.

Or call for advice and customized recommendations.

What is Pay-As-You-Go Workers' Compensation?

Unlike traditional billing processes where premiums are estimated and paid upfront, Pay-As-You-Go Workers Comp uses payroll data to calculate and remit real-time payments each pay period.

This eliminates the headache of year-end audits and allows you to free up capital by spreading your payments throughout the year.

How is Pay-As-You-Go different from a traditional Workers’ Compensation plan?

Better cash flowNo finance charges or late fees. Pay-as-you-go premiums automatically calculated based on actual payroll, improving cash flow.Traditional workers' compensation premiums based on estimated payroll, may be inaccurate and hinder cash flow. Finance charges and late fees may apply.
Down paymentPay-as-you-go requires no down payment, protecting cash for investment.Traditional workers' compensation may require a down payment of up to 25-100% of total premium, impacting available funds.
AccuracyPay-as-you-go uses actual employee time, minimizing over/underpayment.Traditional workers' compensation uses estimated payroll projections, leading to inaccurate premiums.
Audit experienceEasy, fast pay-as-you-go audit experience with no surprise payments.Traditional workers' compensation requires audit documentation and may result in a costly end-of-year adjustment.
Financing chargesPay-as-you-go has no financing fees.Traditional workers' compensation may charge financing fees, increasing total policy cost.
Late feesPay-as-you-go has no late fees.Traditional workers' compensation may charge late fees if premiums are not paid on time.

How do I get Pay-As-You-Go?

Get Pay-As-You-Go Workers Compensation in 4 easy steps.


Call us

Call a CoverWallet insurance agent to issue your Workers' Compensation policy.


Fill out a form

We will send you a form to connect with your payroll service.


Pay nothing now

$0 due today. Your payments start the next time you run your payroll.


Automate your payments

We will calculate and collect your exact payment amount linked to each payroll period.

Are You Ready to Get Covered?

Prefer to speak with a CoverWallet consultant? Call