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.
Managing Open Claims the Key to Controlling Workers’ Comp Costs
One key to reducing your workers’ comp costs is actively managing any open claims to make sure the requisite treatment is proceeding as it should and the reserves are fair and not excessive. Poor management of open claims can add thousands of dollars onto your workers’ comp costs, so improving this can be a substantial and immediate cost saver for your business.
Filing For Workers’ Compensation in Massachusetts
Workers’ compensation is a valuable form of supplementary income. It can help those who get hurt and cannot work still have money in their pockets. Still, you’re likely going to have to look at local law to see if you qualify for this protection.
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.