Workers’ Compensation
Pay-As-You-Go Workers’ Compensation
Paycor Workers’ Compensation allows you to automate insurance payments based on payroll and eliminate large down payments and end-of-year surprises.
Eliminate up-front costs and outdated payment processing
Paycor’s pay-as-you-go workers’ compensation solution ensures accurate premium payments so you can improve budgeting, avoid down payments, and eliminate surprises at year-end.
Comparison Shopping —
Trust Paycor to find the best rates from the highest-rated carriers.
Improved Cash Flow —
Paycor’s Workers’ Compensation allows you to spread out payments for better budgeting and cash flow.
Convenient Processing —
Premiums are automatically remitted to insurance providers and based on actual payroll figures, so you pay only what you owe.
Why Choose Paycor Workers’ Compensation
Protect your business, your employees, and your cash flow.
Full Service Support
Along with comparison shopping, Paycor’s experienced team of insurance professionals are only one phone call away when questions arise.
Automate Payments
Never worry again about end-of-year audit surprises. With Paycor Workers’ Comp, wage data is automatically remitted to your insurance carrier each pay period.
Reduce The Risk
With our unified system, monitoring compliance is easy. Get comprehensive reporting to view gross and exempt wages and premium totals for each employee.
Solutions Trusted By Users & Third-Party Evaluators
Workers’ Compensation FAQs
What is pay as you go workers’ compensation?
Pay-as-you-go workers’ compensation provides employers with the option of paying workers’ compensation insurance premiums in installments, specifically with each payroll run. This solution allows employers to streamline their workers’ compensation process, which improves cash flow, saves administrative time and eliminates expensive down payments or end-of-the-year surprise costs.
What are the benefits of a pay-as-you-go workers’ compensation system?
With pay-as-you-go workers’ compensation system, your insurance payments are automatically tied to your actual payroll. You pay exactly what you owe each pay period – no more, no less. This means no big upfront payments, better cash flow planning, and no surprise bills at the end of the year.
Can pay-as-you-go workers’ compensation help avoid year-end audit surprises?
Yes, pay-as-you-go workers’ compensation helps avoid year-end audit surprises by allowing you to spread out payments for better budgeting and cash flow.
Does each state have its own workers’ comp rules and regulations?
Workers’ comp requirements vary by state. Although state regulations differ slightly, workers’ compensation insurance is required in nearly every employment scenario.
Do employers with no employees need workers’ compensation insurance?
No, only businesses meeting their respective state mandates are required to carry coverage. However, mandates can be required for as few as one employee in some jurisdictions, so it is important to understand your company’s specific conditions.
How do workers’ comp claims affect employers?
Employers with an excessive loss history or catastrophic losses may be subject to increased rates or coverage declination within the competitive marketplace.
What types of employees are covered by workers’ comp?
All employees, both full and part time, are covered by the company’s workers’ compensation policy. Certain individuals may be excluded – business owners, independent contractors, etc. However, each policy is unique, and every company needs to be underwritten based on its individual merits.
How does Paycor automate workers’ compensation payments?
Instead of estimating payments, Paycor’s workers’ compensation premiums reflect your actual payroll figures. Your wage data is automatically transmitted your insurance carrier each pay period, saving you time and effort.
How does Paycor’s team support businesses with workers’ comp questions or claims?
Paycor offers full-service support to businesses with our workers’ compensation solution. Along with comparison shopping, Paycor’s experienced team of insurance professionals are only one phone call away when questions arise.
Streamline Business Operations for Your HR Needs
Resources
Get the expert advice and thought leadership you need to help your clients solve their toughest business challenges.
Guides + White Papers
Read Time: 1 min
Workers’ Compensation Policy Template for Employee Handbook
Download an editable template about your workers’ compensation policy for your employee handbook.
HR Glossary
Read Time: 2 min
What Is Workers’ Compensation?
Workers’ compensation is insurance that provides medical expenses, lost wages and rehabilitation costs to employees who are injured or become ill at work. Read more here.
Article
Read Time: 7 min
Why Pay-As-You-Go Workers’ Comp May Be a Smart Solution for Your Business
Workers’ compensation insurance is required by law for businesses. Pay As You Go workers’ comp is a solution that consolidates payments into payroll runs.
On-Demand Webinar
Understanding the Interplay of FMLA, ADA, and Workers’ Compensation
Did you know provisions of the ADA, the FMLA and Workers’ Compensation laws can apply to the same employee? And, when applied legitimately, they can be very beneficial to someone in need. Not sure how to navigate? We’re here to help.