If you have clients with fluctuating payrolls, SFM’s pay-as-you-go wage reporting might be the solution.
Through the service, policyholders billed directly by SFM with more than $1,000 in premium can periodically report payroll for class codes and make payments. Premiums can be paid securely on a monthly, quarterly or semiannual basis, either online or by invoice depending on premium size.
Collateral deposits are required, and differ depending on wage reporting frequency.
Enrollment can begin either at policy inception or at renewal time. An owner or officer of the organization must authorize access to wage reporting and premium billing.
To learn more, ask your SFM underwriter.