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Pay As You Go Workers Compensation

In most states, workers compensation is a requirement

If you have at least one employee, your business is not only required to have this type of insurance, but should have it for the security of your business!

At InsuranceHub, we understand that sometimes, what you need and what you can afford are two different things. Which is why we offer a unique policy option for workers compensation: pay as you go workers’ comp.

This policy allows you to spread out your payments and make workers compensation a more affordable and easily attainable insurance policy. It helps you get the protection you need, at a price you can afford, in a simpler way than ever before.

Understanding Experience Modification Factors & Your Workers Compensation

The key to calculating a workers compensation policy premium, regardless of the type of business, is the experience modification factor – your mod. As a business owner, no matter where you are located, understanding your company’s mod is essential to making informed decisions about your insurance.

An experience mod is calculated:

  • Using you company’s actual losses compared to its expected losses
  • Related to the industry type you are in
  • Factors in company size
The mod factor is calculated using loss and payroll data for a specific experience rating period. This can impact your premium for your workers compensation. However, with our unique pay-as-you-go policy, this is a thing of the past!

A New Way Of Thinking

At InsuranceHub, we have worked to facilitate a new way of calculating workers compensation premiums. We don’t want you to ever have to worry about:

  • Inaccurate experience mods that may impact your premium
  • Annual audits
  • Finance charges
  • Down payments

Our goal is to get you protected and to make the process of obtaining protection as easy as possible – helping to avert risk and save money!