PROGRAM OVERVIEW

A Workers’ Compensation program built for tough industries.

Payroll Opt-Out is a unique premium only master policy workers comp solutions for businesses in tough industries and with substantial premium (100k+). Like a standard market program, the risk processes its own payroll and pays payroll taxes under its own tax ID numbers. The Employer gets Workers’ Compensation coverage through the Payroll Opt-Out’s master policy. This program is the next best thing to standard market coverage and in some cases even better.

Welcoming expansion and growth

This program is excellent for expanding businesses as new class codes and New Coverage states can be added seamlessly. Premium is Pay-As-You-Go allowing clients to pay for coverage based on actual payroll amounts during that pay period. This payment process allows for better cash flow throughout the year opposed to a lump sum payment.

Key Points and benefits

• Coverage through A Rated master policy
• Clients Payroll and Tax functions remain as they are today.
• No year-end audits.
• Client E-MOD is not used in pricing for Payroll Opt-Out programs.
• Pay As You Go payment structure.

Industries that excel.

Payroll Opt-Out is a solution tailored to all tough industries including but not limited to:

• Staffing
• Agriculture
• Manufacturing
• Landscaping
• Construction
• Medical
• Transportation
• Hospitality
• Large Contractors
• Waste Management
• Repossession
• Mining

Why payroll Opt-Out works so well in distressed industries.

From pricing to process Payroll Opt-Out was designed to fit the needs of tough & distressed clients. E-MOD not being used in pricing allows businesses with large loss history to see great savings on overall pricing. Pay-As-You-Go payment structure allows for cash flow relief and management. Billing is done through after the fact payroll reports to ensure clients are billed for the correct class codes and payroll amounts.

Bottom Line - The client gets cost effective workers’ compensation coverage through providers and carriers that understand their industry while not affecting clients everyday HR, Payroll and Tax functions.