InsureLinx Announces Pay As You Go Workers Compensation Program For Brokers, Insurance Carriers, Staffing Agencies, and Payroll Companies
InsureLinx Announces Pay As You Go business insurance solutions.
In the past, Workers' Compensation Insurance premiums have been based on estimated payroll figures determined prior to the policy period. In other words, premiums are based on a "best guess" approach without regard to seasonal fluctuations, industry down turns or other unforeseeable events.
InsureLinx has introduced a revolutionary Pay-As-You-Go Workers' Comp Program offering a worry-free solution to the traditional Workers' Compensation Insurance. Best of all, the program is seamlessly integrated with the payroll services business already enjoy.
(PRWEB) December 1, 2008 -- InsureLinx Announces Pay As You Go business insurance solutions. Registration is now open for Brokers, Insurance Companies, Staffing Agencies, and Payroll Companies to offer Pay As You Go Workers' Compensation to their clients.
Pay As You Go Workers Comp Program
In the past, Workers' Compensation Insurance premiums have been based on estimated payroll figures determined prior to the policy period. In other words, premiums are based on a "best guess" approach without regard to seasonal fluctuations, industry down turns or other unforeseeable events. InsureLinx has introduced a revolutionary Pay-As-You-Go Workers' Comp Program offering a worry-free solution to the traditional Workers' Compensation Insurance. Best of all, the program is seamlessly integrated with the payroll services business already enjoy.
With this improved approach to Workers' Compensation, there are no up-front deposits or finance charges for premiums. Traditional Workers Compensation policies require a significant upfront payment (Sometimes as much as 3 months of premium costs) to get a policy in place.
PAYROLL COMPANIES SEEING STRONG GROWTH
Payroll Companies are finding huge success with this revolutionary Pay As You Go Workers' Comp Program. New and existing clients will be thrilled to have this program available to them.
InsureLinx also plugs agents and carriers into a Pay As You Go Workers' Comp Program while providing business's access to Workers' Compensation Insurance via an ach deduction process. The payroll data is available in a simple and affordable monthly reporting format.
The Pay As You Go Program 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 easily view policy and premium data and even tracks and reports payments made to 1099 employees and other subcontractors.
INSUREPAY TECHNOLOGY
InsureLinx features the InsurePay technology. This cutting edge system computes the exact rate for each 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. InsurePay calculates the premium each payroll period and responds to the changing elements presenting a true Pay As you Go process.
The key to success in marketing Pay As You Go Insurance solutions to clients is the technology. Any number of parameters can change during a policy period resulting in end-of-year audits and lump sum payments. InsurePay avoids these pitfalls with a powerful technology designed to compute the "net rate" each payroll period and account for those changes in real-time.
WEB BASED INTERFACE - 24-7 ACCESS
Carriers, Agents, and Clients will all have 24-7 access to data via an easy to use web based interface. This is a feature of the InsureLinx (SEMI) Single Entry Multiple Insure Entry System - a sophisticated system that delivers complete submission data and simplifies the process for carriers and agencies to easily view and track payroll and premium data.
Register at the InsureLinx website today and "Imagine the excitement of your current and new clients when you tell them they can now calculate and pay their Workers' Comp premiums weekly rather than the outdated annual lump sum approach!"
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