Adirondack Payroll partners with E-COMP, a division of Granite Insurance Brokers, to offer a no-deposit, pay-as-you-go workers' compensation program. Because payroll drives your workers' comp premiums, combining the two removes estimates and guesswork: premiums are calculated from each payroll run on actual payroll, so there is no large down payment, no monthly or quarterly audit reports, and minimal year-end audit adjustments.
Program Benefits
- No deposit or down payment
- Premiums calculated on actual payroll at each pay period
- Real-time premium accuracy with no audit surprises
- Better cash flow
- Seamless mid-term transfers without waiting for renewal
- Business insurance bundling with discounts and coverage benefits
Pay-As-You-Go vs. Traditional Policy
| Pay-As-You-Go | Traditional Policy | |
|---|---|---|
| Deposit | No deposit | 25% minimum deposit |
| Premium calculation | On actual payroll each pay period | Estimated on projected payroll |
| Reports | None to complete | Monthly/quarterly audit reports |
| Audit | Minimal adjustments | On-site audit with additional premium due or refund |
Contact E-COMP directly at (888) 493-2667 or submissions@goecomp.com, www.ECOMPNOW.com. License #0C41366. Insurance sold and serviced by Granite Insurance Brokers.
