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

Pay-As-You-Go Financing2021-01-14T15:25:00+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 contact us now. We’d be happy to help.

Proper Analysis Is The Key To Understanding Workers’ Comp Costs

In order to reduce your workers’ com­pensation costs, you have to analyze where you are and how you got there. By doing so, you’ll be able to determine how to handle any problems. The mistake that many busi­ness owners make is skipping this step and trying to throw anything and everything at the problem, before they even understand what the problem is.

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