Payroll Associates, Inc. of New Jersey, a provider of software and services to payroll service bureaus, announced an agreement with The Hartford Financial Services Group, Inc., one of the nation’s largest workers’ compensation insurers.
Customers of Payroll Associate’s 250 licensed payroll service providers will now be eligible for an EasyChoice Insurance Program that will now include workers’ compensation insurance where the premiums are automatically calculated and paid on a per-payroll basis. Since premiums are calculated based upon actual current payroll, this automated payment service reportedly enables employers to better manage their cash flow and costs, eliminating large up-front deposits, finance charges, and audit surprises at the end of the policy year.
“Our partnership with Payroll Associates enables The Hartford to expand the reach of its integrated payroll and workers’ compensation product. Smaller payroll companies can now work with the small business owner on an easy way to calculate and pay for workers’ compensation insurance,” said Lynn McArthur, vice president, Payroll Alliances Center at The Hartford.
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