Click on the boxes below to reveal more info.
Workers’ comp insurance and claims cost employers how much last year?
$83.2 billion.1
Being proactive can help lessen the bite on your bottom line. Make sure you have the right coverage and support to handle claims when they happen.
What percentage of injured employees has been on the job less than a year?
- 10%
- 25%
- 40%
C: Newbies on the job less than a year account for 40% of all injured employees. Safety training may help control your claims costs.2
What keeps more than one in 10 small business owners up at night?
13% worry
that an employee will fake an injury or illness to collect workers’ comp benefits.3
What’s one of the most effective approaches to controlling workers’ comp costs?
2/3 of business owners say having a formal return-to-work policy in place helps them control workers’ comp costs.4
How can you make your premium payments more accurate?
- Tie them to real-time payroll information
- Work with a broker that knows class codes inside and out
- Cross your fingers every time you write a check
If you chose A or B, go to the head of the class.
Ask your broker about integrating your payroll with your insurance, so premiums are based on real numbers, not estimates. Then review your class codes together to make sure every employee is classified accurately.
How many companies overpay their premiums every year?
- Less than 10%
- 55%
- 70%
C: It’s a cash flow nightmare!
As many as 70% of companies overpay their workers’ comp premiums.
Imagine what you could do with that money instead.5
Upfront/binder deposits are
always required
for workers’ comp insurance.
You may be able to skip the hefty upfront deposits if you integrate your premium payments with your payroll. You’ll not only be able to spread out your payments over the year, but may also improve the payment accuracy.
Who’s among the fastest-growing workers’ comp agencies in the U.S., and offers ADP Payroll clients an exclusive premium payment solution?
Automatic Data Processing Insurance Agency, Inc. helps over 110,000 small and midsized businesses get the right coverage. As an ADP Payroll client, you'll have access ADP’s Pay-by-Pay®, the automated premium payment program based on your real-time payroll information - designed to help you reduce premium over/under payments, eliminate large up–front deposits, and spread out payments.
It doesn’t have to be “workers’ COMP-licated” insurance
Workers’ comp requirements vary by industry and state, and are complicated enough to test anyone’s sanity.
Let the experienced, licensed agents from Automatic Data Processing Insurance Agency, Inc. (ADPIA), and affiliate of ADP, help simplify workers’ comp so its easier to understand, payments are more accurate and there’s less stress on your cash flow.
Contact your ADP sales associate to put you in touch with a licensed ADPIA agent today!
