Balance Point Payroll Expands Workers’ Compensation Carriers and Calculates Premiums Based on Payrolls

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Balance Point Payroll

Balance Point is wholeheartedly committed to creating solutions for business owners that streamline and lessen the pressures and commitments that come with managing any business.

Glen Rock, NJ (PRWEB) June 19, 2012

Balance Point Payroll, an independent payroll solutions company also specializing in HR services, time and attendance solutions, and partnering with companies in need of workers’ compensation services, is proud to announce it has strengthened its portfolio of workers compensation carriers in order to provide services to a larger audience. In addition to The Hartford, Balance Point will now work with three other major carriers.

Workers’ compensation premium payments can often be a hassle and Balance Point understands that most business owners do not have the time to manually update premiums. Balance Point’s “Pay as you Go” feature is indicative of this understanding. “Pay as you Go” automatically calculates workers’ compensation premiums for each payroll period based on actual payrolls and not inflated payroll numbers from previous years. Additional benefits to businesses include:

•     Increase and manage cash flow more effectively
•     Minimize unexpected payments from audit adjustments
•     Budget workers’ compensation payments for the year
•     Eliminate large workers’ compensation down payments
•     Put an end to writing checks
•     Wipe out finance and billing fees

“By expanding from one to four workers’ compensation carriers we are able to satisfy a much larger segment of our client base and simultaneously take the stress out of paying workers’ compensation premiums with the Pay as you Go solution,” said David Magen, Partner and Co-Founder of Balance Point Payroll. “Pay as you Go eliminates the need for large estimated down payments and minimizes the likelihood of a large audit payment due at the end of the policy year. Balance Point is wholeheartedly committed to creating solutions for business owners that streamline and lessen the pressures and commitments that come with managing any business.”

For more information on Balance Point’s workers’ compensation offering and other services that allow for seamless relationships between broker and client, visit: http://www.balancepointpayroll.com/products-solutions/workers-compensation.

About Balance Point Payroll

Founded in 2003, Balance Point Payroll is a privately held company that delivers more than just a paycheck by also specializing in HR services, time and attendance solutions, and partnering with companies in need of workers’ compensation services. Located in Glen Rock, N.J., Balance Point is consistently invested in research, intellectual capital, and software development to manage data processing, meet compliance regulations, and deliver employee-benefit products. As a result, Balance Point is able to provide clients of all sizes with an Internet-enabled, highly functional platform—not to mention a smooth experience from sales through operations.

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