Pay-as-you-go option for monoline workers' comp
… currently Chartis, AmTrust, Hartford and Travelers with more carriers signing on soon
Pay-as-you-go is a billing option which enables insureds to pay for their workers comp premiums based on actual exposure, their real time payroll expense. The result is the insured pays what they owe
when they owe it. This improves cash flow, eliminates estimated
premiums, reduces or eliminates end of term audits, and provides
the ease of electronic billing.
Simply request pay-as-you-go for the billing option as soon as you are aware your client is interested. PIA/ARI will inform you which carriers and what options you have.
Questions? Call PIA at (800) 424-4244, ext. 850, or e-mail us.