Combining Workers’ Compensation plans with RAS Payroll brings stability to your cash flow by adjusting premiums throughout the year vs. nine months.
With a traditional WC policy your premium is simply estimated based your projected payroll. It also requires a 25% deposit and leaves you exposed for substantial audit costs each year at renewal.
The RAS Solution:
⇰ Your initial 25% down payment is eliminated
⇰ Premiums are paid on actual employee wages
⇰ Simplifies your audits and minimizes exposure
⇰ Easier renewal application process
⇰ Possible overall lower cost of coverage