When thinking about workers’ comp client renewal meetings, pay‑as‑you‑go, or PayGo, through InsurePay is an easy solution to offer as an added-value improvement for your insureds.

However, not all accounts are a great fit for PayGo. 

We created this quick, 30‑second checklist to identify strong pay‑as‑you‑go candidates based on their class codes, company size, and payroll process that will reduce manual administrative work for your team, while eliminating the need for your insureds to manually report payroll each pay period. 

The 30‑Second Pay‑as‑you‑go Fit Checklist 

Start with these two quick questions: 

1. Size: Is workers’ comp a meaningful expense for the company? 

  • Is there enough payroll volume to benefit from cash‑flow alignment? 

2. Payroll process: How do they run payroll today? 

  • Do they use a reputable payroll provider or software? 
  • Are they comfortable with automated payroll reporting and electronic payments? 
  • Is the insured open to aligning their insurance premium with actual payroll amounts, which get reported each pay period? 

If you’ve answered “yes” to these two topics, this insured is likely an excellent candidate to simplify their payroll reporting with Pay‑as‑you‑go. 

How This Helps Your Book of Business 

Positioning Pay‑as‑you‑go for workers’ comp policies in renewal reviews can help you: 

  • Improve your client’s cash flow while reducing premium surprises. That’s a win for everyone involved. 
  • Minimize billing issues and last‑minute audit concerns. 
  • Strengthen retention by offering a payment option that feels tailored to their type of business while being proactive. 

Using this quick checklist during renewal prep for all of your workers’ comp clients helps offer something helpful and new during your upcoming account renewals to flag the best candidates for a Pay‑as‑you‑go conversation. 

Matching ideal companies with pay-as-you-go is a win for their efficiency, and a win for retention and added value for your firm.

To download your own “Pay-as-you-go Workers’ Comp Qualification Checklist,” click here.

To learn more about maximizing value with pay-as-you-go, let’s find time to talk.