Pay As You Go Workers Compensation
When it comes to getting the protection you need, cost shouldn’t steer you away.
In most states, workers compensation is a requirement. Georgia is no different. 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 Lloyd Pro Group, 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 – Atlanta, Savannah or even Roswell – 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 Lloyd Pro Group, 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!
Who doesn’t like saving money? Surely as a business owner, you LOVE saving money! To start saving, and stay protected with our customized Atlanta business insurance plans, give us a call at 877-341-5728 today and let’s talk about your options.