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…
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…
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…
For a number of reasons, 2020 will go down as one of the most challenging years we have encountered. The year started out strong for our overall economy before the pandemic struck. During the first quarter of 2020, Pay-as-you-go worker’s comp customers ended the year with double digit growth in premium and policy count, a…
Due to the COVID-19 pandemic, businesses in all sectors of the economy face uncertainty about their future. At this point, many questions remain about when the pandemic will end and what reopening of the economy really means. Most businesses, particularly those with limited cash to withstand a long shutdown or that depend upon high customer…
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…
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…
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…
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…
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…