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 only requires a 10% down payment when financing annual workers’ comp policies. As a result, Knight-Dik clients are able to improve their cash flow and pursue other business opportunities with their money.
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 contact us now. We’d be happy to help.
What Is A Return-to-Work Program?
Many employers will face instances in which an employee cannot return to work. This may be due to an on-the-job injury. When this occurs, it can be a primary goal to get those individuals back to work. The longer they cannot work, the longer you will pay for their lost time.
The Most Common Workers’ Compensation Insurance Claims
It’s common for business owners to see workers compensation insurance as a basic expense of doing business and hiring employees. Yet, it provides a wide range of financial protection and can help to ensure that good relationships exist between you and your employees.
Understanding the Injury Process Can Help Ease The Pain When it Comes to Workers’ Comp
We all hope that our employees never get injured on the job. But the truth is accidents do happen, and when they do you need to have a process in place for dealing with a workplace injury, so you aren’t caught off guard.