Pay-As-You-Go Financing for Workers’ Comp Policies
Knight-Dik offers a payment solution called FLEXPAY for workers’ compensation policies that combines a pay-as-you-go system with premium financing. FLEXPAY allows companies to manage their workers’ comp benefits through a streamlined payroll system that allows greater flexibility in payment schedules and online payroll reporting.
Here’s how FLEXPAY works:
- Seamlessly integrates with insured’s current payroll process
- Works with any payroll company (weekly, bi-weekly, or semi-monthly payroll periods)
- Offers a self-reporting option if no payroll company is involved
- Payments are based on actual payroll and are automatically deducted
- Rates and terms are competitive
FLEXPAY requires only a 10% down payment when financing annual workers’ comp policies. As a result, Knight-Dik clients are able to improve their cash flow and use their extra cash on hand to pursue other business opportunities.
Interested in learning how pay-as-you-go financing for workers’ comp policies can improve your cash flow? Give us a call at 800-286-6353 or fill out the form below. We’d be happy to help.
A Good Return-to-Work Program Benefits Both the Company and the Employee
Many business owners think that it is better to have someone out on worker’s comp than to pay them for a lesser job. After all, worker’s comp will pay for them to be out. The reality is that it costs at least twice as much to put in a worker’s comp case based on the large premium increase that losses cause.
Being Leadership Driven Can Steer Your Company In The Right Direction When It Comes To Job Safety
This is critical because if employees don’t see a continued interest in this initiative, they will lose interest themselves. They can easily interpret the lack of communication as a loss of interest at the leadership level. Every company wants to lower their workers’ compensation costs, and developing a company-wide wellness and safety program is a very effective way to do this.
Look To Urgent Care Centers To Save Time And Money On Workplace Injuries
If you don’t have urgent care included in your injury process, you’re probably spending far too much money on managing injuries. When an employee is injured, the instinctive response might be to take them to the emergency room. But is that really the best choice?