E-Comp – Payroll and Worker’s Comp Integration

E-COMP – Payroll and Workers’ Compensation In One Integrated, Pay-As-You-Go Program

Traditional Workers’ Comp.
(The Old Way)
Pay-As-You-Go Workers’ Comp.
(The New Way)
Deposit/Down Payment
25% Minimum
No Deposit/No Down Payment
Estimated, based on projected payroll
(usually underestimated)
Calculated on actual payroll at each pay period
Monthly/quarterly audit reports to complete
No monthly or quarterly audit reports to complete
Year-end on site or phone audit, documentation
required, additional premium due or refund
Simplified audit process, minimized potential for
audit adjustment and no additional paperwork
(unless state or carrier mandated)