Pay As You Go Technology

Pay As You Go Workers Compensation

Benefits of Pay As You Go Insurance

Eliminate down payments and dreaded end of year audits!

  • Premiums are Based on Actual Payrolls vs. Estimates
  • Maximize Cash Flow
  • Eliminate Large Installment Payments
  • Eliminate or Reduce Year-End Additional Premiums - Due to Audits
  • Real-Time Evaluation of Premium Payment History and Calculations
Pay As You Go Power

Payroll companies are finding huge success adding our Pay As You Go Workers Comp Program.

Pay As You Go Workers Comp For Payroll CompaniesThe InsurePay propietary system computes the exact rate for the current payroll.  If the experience modifier were to change between payroll periods or if the client underestimated their payroll, the system adjusts those elements and factors the correct premium every week. 

 

Your payroll clients will line up to add this service and your phones will begin ringing off the hook. Imagine the excitement of your current and new clients when you tell them we can calculate and bill their workers' comp premiums weekly rather than the outdated annual lump sum approach.

 

 Hybrid Financial Group is a collaborative program that plugs agents and carriers into a Pay As You Go Workers Comp Program. Businesses enjoy  access to workers' compensation insurance via an ach deduction process in a simple and affordable monthly reporting format.  

 

 

This proprietary system is designed to work with many popular payroll software programs and requires little administrative time from the Payroll Provider. The system allows ALL parties (Agent, Insured, Payroll Provider and Insurance Carrier) to view policy and premium data. The system is also designed to track and report payments made to 1099 employees and other subcontractors.

 

The InsurePay technology computes the "net rate" each payroll period and avoids both lump sum down payments and intrusive audits--premempting the scenario where a client understates their payroll and their premium is calculated based on an incorrect premium discount. That is what causes end of the year lump sums. Our program avoids this specific flaw in the old workers' compensation system.

 

Bring your clients into the future and develop a win/win relationship with them through Hybrid Financial Group. 

 

Register Today!

 

Channel Partners

HFG is a pioneer of Pay As You Go Business Insurance.
Our Insurance Marketing Access Program directly works with brokers, consultants, and clients to deliver cutting edge products and services. We can work out a custom solution to facilitate nearly any type of need or risk situation. Register with HFG to establish your own channel partnership  with our network. You will have access to our ever expanding resources.

Premium Calculation

Premiums are calculated with each payroll for Workers' Compensation.

This is the power of Pay As You Go!

This technology produces an actual and immediate premium based on ever changing factors and eliminates the "best guess" approach.  This eliminates intrusive audits, large up front down payments and end-of year balloon payments.

Contact Us Today!