Workers’ Comp Insurance

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

https://youtu.be/q1ou6mZcerk?si=nhZtLHbgEpMJLfur

Service Spotlight – Workers' Comp | Abacus Payroll (https://youtu.be/q1ou6mZcerk?si=nhZtLHbgEpMJLfur)

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 Policy	E-COMP PAYG	Traditional Policy
Deposit / Down Payment	No deposit or down payment	25% minimum deposit
Premium Calculation	On actual payroll at each pay period	Estimated based on projected payroll
Reports	No reports to complete	Monthly / quarterly audit reports
Audit	Minimal adjustments; Premiums paid on actual payroll	On 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.

Workers’ Comp Insurance

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

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

Simpler, streamlined payroll for you and your employees.

Easier, Friendlier Payroll Is In Your Reach