The Importance of Accurate Payroll Reporting & How It Affects Workers’ Comp Premium Costs

A Guide to Preparing for Better Year-end Workers’ Comp Premium Audits Who: Insurance Carrier What: Premium Audit Where: In-person or online When: An audit is conducted within 60 days of the policies’ expiration date Why: To reconcile costs at the end of the policy term – insureds may need to pay more or receive a Read More

Cash Flow Management Ideas for Transportation Companies

Accurate Payroll Reporting and its Impact on Workers’ Compensation Costs and Cash Flow According to the National Federation of Independent Business (NFIB), on average, approximately 82% of small businesses in the U.S. collapse due to poor cash flow management; an alarming statistic that shows just how important cash flow management is for today’s businesses. For Transportation companies, managing Read More

Pay as You Go – Flexible Workers’ Compensation Payment Plans for Hospitality, Staffing Services, Construction and More

Savvy business owners know that Workers’ Compensation insurance can play a significant role in protecting their business. It is a critical component of good financial management and risk mitigation since coverage pays for medical expenses, death benefits, and lost wages for employees who fall sick or sustain injuries at work. Employers with Workers’ Comp coverage, Read More

Tips for Managing Cash Flow Fluctuations Include PMC PayGo

Proper cash flow management is critical for the success of all businesses as nearly all experience fluctuations in their cash cycle. According to the National Federation of Independent Business (NFIB); more than 80% of businesses fail due to the mismanagement of cash flow.  However, with proper planning, discipline, and advances in technology, businesses can improve Read More