Workers' Comp Insurance

Workers’ compensation is vital in protecting workers against injuries that happen in the workplace. Numerous industries greatly benefit from a workers’ compensation plan as it shows employees that the company cares about their health and safety while on the job. Regardless, the state law requires an employer provide its staff with workers’ compensation insurance.

In order to make your workers’ compensation premium easier to manage, USI Insurance Solutions has created two different options for our clients. USI first offers the Pay as You Owe Solution for companies in the Hospitality, Builder Material Dealers, Medical, Restaurant and Artisan Contactor industries. This plan requires that an employer pay a small down payment and only requires premium fees based on the actual grossing payroll.

Another option we offer is Premium Escrow. With premium escrow, we can calculate your premium per pay period and add it to your payroll invoice. This payment plan in possible through our sister company, USI Payroll. We hold the money you’re paying for workers’ compensation in escrow until your monthly bills are due. It doesn’t matter if you premium was estimated too high or low at the start of your years plan as we will only collect the amount that is due. If you choose to pay your premium on payroll dollar each pay period, you are ultimately increasing your cash flow and any large audit premiums will be removed at the end of your plan year.