Zero Down-Payment Workers Comp Now Available

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) March 6, 2009 -- Workers Compensation policies continue to be a necessary evil in doing business. Today’s economy is forcing all of us to seek better pricing for all our essential expenditures while cutting back on needless expenses. While workers comp is mandatory, there are new, competitive, cost-lowering innovations emerging.

Typically, with workers compensation insurance, the employer must pay a substantial down payment followed by regular payments based on an estimate of payroll. If the employer has paid too much at the end of the term due to an inaccurate estimate and moneys need to be refunded, the refund is issued as a credit towards the following year’s payments.
Fortunately, new products in workers comp have emerged that not only offer considerable savings, but can also improve a business’s cash flow. The idea is straightforward – workers comp premiums will be calculated, deducted and paid each payroll period instead of based on a yearly estimate. This service can be provided either by using the business’s own in-house payroll system, or by utilizing the payroll service available to clients who wish to out-source their payroll.

Paul Squassi, President of Resource Group, states, “In these tough economic times, why pay more than necessary? An employer pays only what is required, with no waiting for refunds or surprises if you owe additional money at the end of the term. Every business owner has to deal with cash flow issues, and here is a viable solution to keeping cash flow in control.”
Another option is to participate in a profit sharing program. If your business is profitable to the carrier, share in the rewards by receiving dividends.
“Why wait until audit time for a refund,” Mr. Squassi asks, “when you can pay as you go and potentially be rewarded in the process?”

More information can be found online at http://www.myinsurancerep.com

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