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POA Workers Compensation "Pay As you Go" Program
How are Workers Compensation policies calculated?
Many traditional policies require employers to pay their annual premium in advance.
The premium, based on the employer's "best guess" regarding the year's expected
payroll, is often overstated, depriving the company of the use of that money.
Similarly, annual payrolls are sometimes understated, resulting in a large year-end
retroactive payment. Payroll Office of America returns the control of your
operating funds to your business. Through our proprietary "Pay As You Go" service, premiums
are deducted from each payroll, virtually eliminating under, or over, payments at the
end of the year.
How can POA help you manage this program?
Payroll Office of America can help manage this service through the
convenient reporting of worker's compensation. In addition, we offer a Worker's
Compensation Report which summarizes all of your payroll transactions for easy data
entry and reporting. This report is essential for tracking and reporting worker's
compensation related information even if you are not utilizing our "Pay As You Go" program.
Program Features
| -Deposit requirements as low as 10% |
| -Premiums calculated and deducted like payroll taxes |
| -Workers' compensation forms filed for you |
| -Annual audits performed at POA office |
| -Participation in premium pools to protect favorable rates |
| -Experienced claims management |
| -Loss control advisors available |
For a risk-free consultation about how POA can help your business, contact us or phone your POA Representative today!
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