Zurich Construction adds Workers’ Comp payroll reporting flexibility

Zurich North America has introduced a payroll reporting option for construction companies that have Workers’ Compensation coverage with the insurer.

The Zurich Workers’ Compensation Flexible Payroll Reporting Option – launched in partnership with pay-as-you-go workers’ compensation solution provider SmartPay – enables weekly, bi-weekly, semi-monthly, or monthly payroll reporting.

Features of the monthly payroll reporting option include:

• Real-time premium calculations based on payroll reports.
• Automatic premium withdrawal via Automated Clearing House (ACH).
• Payments spread out over 12-month period.
• No down payment for companies who choose automated payroll reporting. Ten percent cash collateral is required of non-automated reporters.

The solution can reduce Workers’ Compensation audit exposure and streamline the audit process upon policy expiration or cancellation.