Intuit Launches Pay-as-You-Go Workers’ Compensation Platform

Intuit Inc. announced a new platform that simplifies workers’ compensation insurance payments for small businesses. The platform makes it possible for small businesses to select a pay-as-you-go option from 20 top insurance providers, with premiums calculated in real-time based on QuickBooks payroll data.

With pay-as-you-go workers’ compensation, small businesses can make payments based on actual payroll rather than estimates of employee activity. Additional benefits of pay-as-you-go include:

“This is all about giving small businesses more choice in managing workers’ compensation requirements, saving time and taking away the hassle,” said Karen Peacock, vice president of small business at Intuit. “Plus, with our pay-as-you-go solution, small businesses don’t have to make big payments of thousands of dollars upfront and dramatically reduce the risk of an audit with a bad surprise down the road.”

Intuit is partnering with 20 insurance providers to deliver the open platform including: The Hartford, Farmers, Berkshire Hathaway GUARD Insurance Companies, Eastern Alliance Insurance Group, CNA, EMPLOYERS, Markel FirstComp, ERIE Insurance, The MEMIC Group, The Hanover Insurance Group.

Source: Intuit Inc.