Think You’re Paying Too Much For Workers’ Comp?
You’re Probably Right.

Pay-As-You-Go Financing2022-01-11T15:44:31+00:00

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.

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