Dedicated to delivering better outcomes in workers compensation, Key Risk works with employers to tailor solutions specific to their needs. Eligible policyholders can sync up workers compensation premium to their existing payroll frequency1 with PremiumSync®, our payroll reporting and billing program.
For PremiumSync clients with monthly payroll reporting frequency, a 10% deposit is required at policy inception. A deposit is not required for clients who report more frequently. Benefits include:
Cash Flow Management
By paying your workers compensation premium in sync with your payroll, organizations can more accurately budget their workers compensation expense and manage outgoing cash flow.
Streamlined Audit Process2
By reporting payroll throughout the life cycle of a policy, workers compensation premium can be more accurately calculated. This reduces the possibility of premium fluctuation at the end of the year.
Easy & Convenient
PremiumSync is administered through an easy-to-complete payroll reporting template and our Pay Online application3.
Convenient Online Payment
Paying your PremiumSync
premium is simple...
A Key Risk representative will contact you to
walk you through orientation and set up.
Submit your easy-to-complete payroll reporting template to Key Risk every time you pay your employees.
Complete your premium payment through our Pay Online application.
It’s that Easy!
1. For PremiumSync clients with monthly payroll reporting frequency, a 10% deposit is required at policy inception. A deposit is not required for clients who report more frequently.
2. As stated in your policy, your workers compensation coverage is subject to audit at the conclusion of the policy term. PremiumSync does not eliminate the requirement for an audit. An audit may result in an additional premium being due either from, or to you.
3. Required for PremiumSync, our Pay Online application utilizes a Wells Fargo Payment portal for ACH payment.