Pay-As-You-Owe (PAYO) Workers’ Compensation Insurance Payment Solution
Workers’ Compensation insurance premium is based on gross payroll. So to make premium payments as seamless as possible, PayPointe now offers the PAYO payment solution. As an AmTrust Payroll Partner, PayPointe calculates the premium at the same time that payroll is processed and submits the reports to AmTrust on the insured’s behalf.
Benefits of PAYO include:
- No deposit required
- Improves cash flow since employer pays premiums based on actual payroll
- Reduces the chance of additional or return premium at audit
- Simplifies employers’ work since payroll company handles payments and calculation
- Premiums are paid via direct debit, no need to write checks