PAYO (Pay-As-You-Owe) Solutions
Purchasing workers’ compensation insurance and making installment premium payments can be time consuming and altogether painful. Many clients are faced with installment fees, large up-front premiums and the ongoing concern of making timely payments. Also, many have to contend with large additional or return premiums at audit.
AmTrust works hand in hand with Platinum Payroll to provide the Perfect Payment solution. The PAYO Solution reduces client’s time and effort in many ways. No deposit required makes it easy to bind coverage and seamless premium payments (based on actual payroll), offers cash flow benefits throughout the policy.
The PAYO Solution helps a payroll client budget more effectively by staying current and on top of their work comp premium payments. No more large down payments to make. No more checks to write. Pay exactly what is owed each pay period based on actual payroll. Now that certainly takes the pain away!
PAYO features include:
- No deposit required
- Improved cash flow
- No invoices – No checks to write
- Simplified audit process
- Better control over your business