In most states, Workers’ Compensation Insurance (workers’ comp) is required when you have one or more employees and it is paid by the employer.

Pricing is competitive and based on employee payroll, the number and classification of the employees, classification of business and past loss experience.

Abacus Payroll, Inc. offers a pay-as-you-go (PAYG) workers’ comp solution that makes workers compensation more affordable. This eliminates the need for monthly payments, late payments and fees, and cancellations. Plus, there are no upfront deposits needed. Premiums are calculated on actual payroll instead of estimates, which reduces audit discrepancies.

Benefits of Pay-As-You-Go Workers’ Comp Insurance

  • Competitive rates
  • No down payments
  • Premiums calculated on actual payroll
  • No more finicky reconciliations and having to fix discrepancies
  • Dependable insurance partner(s) endorsed by the IPPA
E-COMP vs. Traditional PolicyE-COMP PAYGTraditional Policy
Deposit / Down PaymentNo deposit or down payment25% minimum deposit
Premium CalculationOn actual payroll at each pay periodEstimated based on projected payroll
ReportsNo reports to completeMonthly / quarterly audit reports
AuditMinimal adjustments; Premiums paid on actual payrollOn site audit, documentation; Additional premium may be due or refund

Simpler, streamlined payroll for you and your employees.

Contact Abacus Payroll, Inc. today at 856-667-6225 or by email for more information on our software and workers’ compensation solutions.

Easier, Friendlier Payroll Is In Your Reach

Small businesses are a big deal to us. Eliminate the hassle of over complicated payroll and HR processes by partnering with a local and responsive provider.

Focus on your business and leave the payroll and tax to us. Count on Abacus Payroll.