How did Pay-As-You-Go Workers Compensation help Joe’s Bakery?
Joe’s Bakery pays $5,000 for workers’ compensation coverage. Payment is scheduled on a 10 Pay Plan with 25% down, billed thirty days before the effective date, and then nine consecutive payments. The first installment is due on the effective date. Here is what the payment schedule will look like:
The summer bridal season is important to Joe’s business success. He needs to advertise during the winter months to reach brides as they plan their spring, summer and fall weddings. Meeting the 25% down payment and $416 initial installment in November is tough and leaves no funds to advertise.
Georgia Workers’ Compensation Solutions has the answer! With our pay-as-you-go Workers Compensation billing solutions, Joe’s scheduled payments become:
What does this mean?
Joe’s cash flow is freed up—he has $1,250 in his bank account, which can be used to advertise and build important wedding business for the spring, summer and fall months.
Let Georgia Workers’ Compensation Solutions help your business succeed when times are tough! Request a FREE indication of Workers Compensation cost and coverage to see why we provide the insurance solutions your business needs!
Joe’s Bakery example is brought to you by one of our preferred carriers, The Hartford.
