Pay as you go for Workers’ Compensation/ Improves your Business Cash Flow

Improving Cash Flow for Business Owners

Workers' Compensation premium billing solution that integrates with QuickBooks® Payroll software

We know business owners have their hands full providing the best service and products to their customers. Now, QuickBooks Payroll users can purchase this workers' compensation policy, which will save significant time and expenses and improve cash flow.

Companies use QuickBooks to track expenses and inventory, prepare and send invoices, and for many other accounting tasks in addition to running payroll. Since QuickBooks has the largest market share of accounting products for small business in the country, it's familiar to our insurance customers. We offer the premium billing service so their commercial clients can leverage the cash management advantages of paying workers' compensation premiums more easily.

Once the workers' compensation policy is issued, the insured receives a login and password, which allows them to download and install the Web utility on their PC. The Web utility will automatically take the payroll information generated by their QuickBooks Payroll program and securely transmit the data to Web. Based on that data, their workers' compensation premium is calculated and automatically withdrawn, given prior approval, from the business' bank account via electronic funds transfer. There is no charge for any part of this service.

Among the benefits of using Pay as you go:

  • · Eliminates hefty premium down payments.
  • · Improves cash flow by enabling as many payment installments as there are pay periods.
  • · Avoids finance, service and late fees through automated payment plan.
  • · Minimizes the potential for audit adjustments at the end of the policy term.
  • · Helps reduce costly mistakes that may result in fines for inaccurate workers' compensation computations.
  • Business owners interested in purchasing this Workers' Compensation product and services can call Les Robinson at 634-5656 ext. 3014.
  • For a quote on your Business Insurance call Lester Robinson at 1-800-836-2040 ext. 3014

    Lester J. Robinson III, FICF, ACS, CL

    Insurance Broker

    The Northwoods Corp.

    8810 Main Street

    Williamsville, NY 14221

    Phone: (716) 626-0004 Ext. 3014

    Fax: (716) 626-5057 Att: Lester

    lrobinson@thenorthwoodscorp.com

    See "the ABC's of Insurance" TV show on Time Warner Cable in Western New York hosted by: Les Robinson

     

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