{"id":682,"date":"2013-12-05T20:57:43","date_gmt":"2013-12-06T01:57:43","guid":{"rendered":"http:\/\/peopros.com\/index.php\/?p=682"},"modified":"2013-12-13T10:24:26","modified_gmt":"2013-12-13T15:24:26","slug":"pay-as-you-go-services","status":"publish","type":"post","link":"http:\/\/peopros.com\/index.php\/pay-as-you-go-services\/","title":{"rendered":"Why Pay as You Go?"},"content":{"rendered":"<p><a href=\"http:\/\/peopros.com\/wp-content\/uploads\/2011\/03\/PayAsYouGoAvoidsShockingBills.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/peopros.com\/wp-content\/uploads\/2011\/03\/PayAsYouGoAvoidsShockingBills-150x150.jpg\" alt=\"Pay As You Go Avoids Shocking Bills\" title=\"PayAsYouGoAvoidsShockingBills\" width=\"150\" height=\"150\" class=\"alignleft size-thumbnail wp-image-683\" \/><\/a><big>W<\/big>hy is pay as you go workers&#8217; comp insurance the right choice for so many businesses these days?<\/p>\n<p><b>What is Pay as you Go?<\/b><br \/>\nIn this video clip, CEO John Will Tenney was interviewed by a local real estate office and answers a few questions about Pay as you Go Payroll and Taxes, as well as Pay as you Go Workers&#8217; Comp.  Both of these business options can help reduce costly audits and large bills at the end of a fiscal quarter, or the fiscal year.<br \/>\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"\/\/www.youtube.com\/embed\/VMjO5GYM_xw?rel=0\" frameborder=\"0\" allowfullscreen><\/iframe><br \/>\nA big thank you to <a href=\"http:\/\/howsthemarketinorlando.com\" title=\"Rick Aguirre, Realtor in Central FL\" target=\"_blank\">Rick Aguirre<\/a> of Remax Realty of Avalon Park for his help with the video.<\/p>\n<p><b>Pay as you Go for Workers&#8217; Comp<\/b><br \/>\nA &#8220;standard&#8221; workers&#8217; comp policy comes with some &#8220;baggage&#8221; that many business owners would like to avoid.  Not only are there extra fees for a &#8220;standard&#8221; policy and a possibly expensive audit every year, there are also some added risks.  Why else are so many employers now looking at alternative methods?  In today&#8217;s economy and business environment it pays to be flexible and innovative.<\/p>\n<p>You may be asking what kind of baggage there is.  Have you ever asked these questions?<\/p>\n<ul>\n<li>Who wants to pay a large premium deposit?<\/li>\n<li>What is this &#8220;expense constant&#8221; thing they charge? <\/li>\n<li>Why is it an estimate? <\/li>\n<li>Why is there an annual audit that usually ends up costing the business owner more money? <\/li>\n<li>Why is the timing on the big payment always so bad?<\/li>\n<li>Why are they telling me I am &#8220;mis-coded&#8221;?<\/li>\n<\/ul>\n<p>Does any of this sound familiar in your business?  How about these?<\/p>\n<ul>\n<li>Have you ever wondered why they can&#8217;t just take the comp premium at the same time you do payroll?<\/li>\n<li>Did you even know there are &#8220;Pay as you Go&#8221; workers&#8217; comp insurance programs available? <\/li>\n<li>Is the only reason you are NOT doing pay as you go because you think it gives up control of your money?<\/li>\n<li>What is Pay as you go workers&#8217; comp?&#8221;<\/li>\n<\/ul>\n<p>All good questions.  Here are some basic answers.  (Please contact us to get more answers.)<\/p>\n<p>Workers&#8217; Comp premium is figured as a percentage of payroll for each employee in each &#8220;class code.&#8221;  A &#8220;class code&#8221; is based upon the job description of the employee.  For example, clerical employees and roofers have a different class code and of course a completely different rate of premium.  &#8220;Mis-coding&#8221; is when the people are actually working at, or have different duties than those described in the class code.<\/p>\n<p>PEO Pros functions both as a licensed insurance agency and employer consultants to assist employers in this area.  Usually this involves placing the employer with a payroll service, or even a PEO.  In many cases the payroll service is optional.  Yes, you can still enjoy the transferred liability of a PEO without giving up your payroll.<\/p>\n<p>The advantages to pay as you go services are many but here a few headaches that go away:<\/p>\n<ul>\n<li> Workers&#8217; Comp annual audit is no longer needed<\/li>\n<li> Tax forms will be filed by the payroll service<\/li>\n<li> Large premium deposits go away<\/li>\n<li> Fewer problems predicting cost of employees<\/li>\n<li> Easier to add employees without incurring insurance increases<\/li>\n<li> Since reporting is more frequent (each payroll) changes in job description will likely result in less &#8220;mis-coding&#8221;<\/li>\n<\/ul>\n<p>If any of this addresses a problem with your business or company, you may want to give us a call at <b>800.788.8343<\/b> or use the form below to contact us with your inquiry:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why is pay as you go workers&#8217; comp insurance the right choice for so many businesses these days? What is Pay as you Go? In this video clip, CEO John Will Tenney was interviewed by a local real estate office and answers a few questions about Pay as you Go Payroll and Taxes, as well [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":683,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,20,7],"tags":[245,244,346,345,344,247,378,342,87,246,89,243,88,380,12,86,74,343,201,379],"class_list":["post-682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-businessinsurancenews","category-featured","category-workerscomp","tag-avoiding-insurance-audits","tag-avoiding-insurance-deposits","tag-how-do-i-avoid-workers-comp-audits","tag-how-do-i-avoid-workers-comp-deposits","tag-how-to-avoid-workers-comp-deposits","tag-insurance-deposit-sticker-shock","tag-mis-coding-in-workers-comp","tag-no-annual-comp-audit","tag-pay-as-you-go","tag-pay-as-you-go-avoids-shocking-bills","tag-pay-as-you-go-general-liability","tag-pay-as-you-go-payroll-taxes","tag-pay-as-you-go-workers-comp","tag-paygo-workers-comp","tag-peo-insurance","tag-peo-pros","tag-peo-pros-client","tag-why-pay-as-you-go-comp","tag-workers-comp-quotes","tag-wrong-code-for-workers-comp"],"_links":{"self":[{"href":"http:\/\/peopros.com\/index.php\/wp-json\/wp\/v2\/posts\/682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/peopros.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/peopros.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/peopros.com\/index.php\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"http:\/\/peopros.com\/index.php\/wp-json\/wp\/v2\/comments?post=682"}],"version-history":[{"count":22,"href":"http:\/\/peopros.com\/index.php\/wp-json\/wp\/v2\/posts\/682\/revisions"}],"predecessor-version":[{"id":1097,"href":"http:\/\/peopros.com\/index.php\/wp-json\/wp\/v2\/posts\/682\/revisions\/1097"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/peopros.com\/index.php\/wp-json\/wp\/v2\/media\/683"}],"wp:attachment":[{"href":"http:\/\/peopros.com\/index.php\/wp-json\/wp\/v2\/media?parent=682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/peopros.com\/index.php\/wp-json\/wp\/v2\/categories?post=682"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/peopros.com\/index.php\/wp-json\/wp\/v2\/tags?post=682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}