We are the industry leader in the creation, development, and management of Pay-As-You-Go tools, offering a full range of services. 3C Insurance is the only firm specializing in the delivery of Pay-As-You-Go to insurance carriers and agents.
What is Pay-As-You-Go?
A Pay-As-You-Go program for workers’ compensation insurance is a simple, effective and convenient way for policyholders to pay insurance premiums. Traditional payment programs require large up-front premium deposits and payments are based on estimated payroll. A year-end audit using actual payrolls may determine a policyholder paid far too little or too much premium.
With Pay-As-You-Go, premium payments are based on actual payroll data calculated and collected every time the policyholder processes a payroll. There is no a large up-front deposit. Final audit impact is minimized because premium collected was based on actual payrolls
The elimination of a large, up-front deposit helps maintain the cash flow of a small business.
Accurate weekly reporting means no surprises at final audit.
Renewals become almost invisible.
550 W Main Street Boonton, NJ07005 ph: 1.800.605.0370 fax: 1.888.317.4861 alt: 973.334.1974 info@3cinsurance.com