The Pay-As-You-Go Solution for Your Workers Comp Program
For employers with fluctuating payrolls and workers compensation premium above $30,000, PremiumSync® provides a pay-as-you-go solution for managing your program. Through this payroll reporting and billing program, eligible policyholders can sync up their workers compensation premium to their existing payroll frequency.
Cash Flow Management
By paying workers compensation premium in sync with payroll frequency1, organizations can more accurately budget their workers compensation expenses.
Streamlined Audit Process
Workers compensation premium is calculated in sync with the reported employer payrolls throughout the life cycle of a policy, reducing the chances of premium fluctuation at the conclusion of the policy term.
Easy & Convenient
PremiumSync is administered through an easy-to-complete payroll reporting template and automatic recurring payments via our our Pay Online application2.
1 Payroll frequency may be weekly, bi-weekly, semi-monthly or monthly. For PremiumSync clients with monthly payroll reporting frequency, a 10% deposit is required at policy inception.
2 Enrollment in automatic recurring payments via Key Risk's Pay Online application is required for PremiumSync clients.
Complete your PremiumSync setup questionnaire.
Submit your payroll reporting file every time you pay your employees.
Enroll in automatic recurring payments via Pay Online.