 
Workers' Compensation Insurance
A Savings Opportunity
Workers’ Compensation
premiums are calculated from payroll data. Now, there are two ways
HR Ledger can help you with your
workers’ compensation insurance:
1. HR Ledger CompConnectÓ
- Our ay-as-you-go workers' compensation insurance
solution
or
2. HR Ledger Monthly Self-Reporting
– Our premium
liability reporting and optional payment solution
HR Ledger does not broker
or sell workers’ compensation insurance. We offer solutions that
help employers reduce the time and cost associated with workers’
comp. We can help eliminate deposits, reporting, calculating
premiums, year-end surprises, and losing the earning power on your
money. We can do this without replacing your existing broker.
Historically, employers
have been forced to make significant deposits, premium estimated
payments, and reconcile their comp liability semi-annually or
annually. If you are a growing company, you could have a
significant incurred liability to make up - this can be disastrous
to a company's cash flow. Or
if you are downsizing, you are probably paying premium on inflated
estimates. The result is your capital is sitting with the carrier
instead of in your bank account. Either way the system is working
against you.
Solution 1
CompConnectÓ
is our solution for pay-as-you-go workers' compensation insurance. We
have collaborated with several carriers, Managing General Underwriters (MGU),
Managing General Agents(MGA) and Brokerages to provide a unique cost
saving solution that your broker can provide you.
To learn more about
HR Leger CompConnect@ click
here!
Solution 2
Our other cost saving solution is to connect your payroll
data with your Workers' Compensation Carrier. The beauty of having
our own in-house IT department is we can customize connections either in
the form of data exports or automated reporting at a fraction of the
cost of our competitors.
To learn more about
HR Leger Work Comp Monthly
Reporting click here!
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