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Gone Phishing

Now that the nice weather has arrived, it seems like a good time to relax and go fishing, or, should I say, “phishing.”  You can hardly go a day without reading yet another headline about a major cybersecurity breach. This subject has clearly garnered a lot of attention in the news. Given the prevalence of…

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The Pay-as-you-go (PAYGO) Market Opportunity

According to the U.S. Small Business Administration (SBA), Office of Advocacy, there are nearly 29 million small businesses in the U.S. The SBA defines small businesses as having fewer than 500 employees of these small businesses, 80%, or 23.2 million, have no paid employees while only 20%, or 5.8 million had at least 1 or…

InsurePay Secures Series A

InsurePay Secures $5 Million Series A Investment Round Led by FINTOP Capital

SARASOTA, Fla., Feb. 17, 2021 /PRNewswire/ — InsurePay, a workers’ compensation administration and insurance premium billing platform for insurance providers, announced today that it has completed a $5 million Series A round of financing. Nashville-based venture capital firm FINTOP Capital led the round with participation from a number of other strategic industry investors. The funds will help…

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Increasing Insurance Sales Through HCM Company Partnerships & Pay-As-You-Go Billing

Payroll companies are looking to grow the services they provide to their customers. In fact, Human Capital Management (HCM) companies already offer a lot more than payroll services! HCM’s offer human resource solutions including time keeping, recruitment, benefits, and tax management.  Many even offer workers comp insurance through in-house agencies, local agencies or brokers. Because…

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Improving Cash Flow Through Smaller, Regulated Payments

For small business owners and self-employed workers, cash flow is everything. It drives major decisions, ranging from what types of projects/clients to take on and how to pay employees. Unfortunately, a lack of cash flow is a common challenge among small business owners, with an average of 69% of small business owners reporting that they have lost…

cyber security

Cybersecurity and the Importance of Multi-Factor Authentication

These days, it seems as though nobody is completely safe from data breaches or identity theft. Consider, for example, the Equifax data breach of 2017, which compromised sensitive personal information of more than 140 million Americans. As an insurance carrier, your business handles sensitive data and personal information on a daily basis. From names and addresses…

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How InsurePay Pay-As-You-Go Works

As an insurance carrier, you always want to stay on top of the latest and greatest innovations to offer your policyholders. And as any business owner knows, the upfront costs of insurance premiums on coverage such as workers compensation can create major cash flow problems. InsurePay’s innovative platform makes it possible for you to offer…

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The Truth About Pay-As-You-Go Billing

Given the nature of our business, it’s no surprise that when we are talking to workers comp insurance carriers, we regularly discuss pay-as-you-go billing to educate them on the fundamentals of the program and to promote the benefits for insurance companies, their agents and their policyholders. During these conversations, we often hear “we already offer…