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.
Why You Should Connect with High Quality Medical Providers
The goal of any insurance platform is to protect its beneficiary. To take care of your employees, you need to support them with high-quality health and safety solutions. While your business’s workers’ comp insurance policy might be good, it could be better.
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.