What Is Westfield Pay As You Go for Workers’ Comp?
Westfield Pay As You Go is a flexible workers’ compensation billing option that bases premium payments on actual payroll data — not estimates. That means your workers’ comp payments adjust with your payroll each pay period, increasing accuracy and helping avoid large premium adjustments after audits.
What are the Benefits of Westfield Pay As You Go for Workers’ Comp?
Businesses are increasingly choosing Westfield Pay As You Go to access more affordable workers’ comp insurance with greater flexibility. By aligning your insurance premiums with your actual payroll, you gain better control over your payments. Here’s why many businesses are making the switch:
No Large Down Payments
Improved Cash Flow
Convenient Payments
More Accurate Billing
Streamlined Audits
Westfield Pay As You Go vs. Traditional Workers’ Comp Payments
Westfield Pay As You Go is simply an alternative method for making your workers’ compensation insurance premium payments, with the same coverage for work-related injuries as traditional plans. In the chart below, we break down the key differences between Westfield Pay As You Go and traditional workers’ comp payments.
Westfield Pay As You Go | Traditional | |
---|---|---|
Premium Calculation | Based on real-time payroll data | Based on estimated payroll |
Billing Frequency | Per pay period | Typically monthly or annually |
Upfront Costs | No large down payments required | Large down payments often required |
Premium Adjustments | Adjusts automatically as payroll fluctuates | Only adjusts during premium audits at end of the policy term |