Workers Compensation
Purchasing Workers Compensation insurance, classifying your employees properly, and applying the correct payroll rules and rates are necessary and complex duties that are vital to protecting your business and employees. Often times, the year-end audit is very time consuming and costly as adjustments in payroll wages and employee classifications can result in thousands of dollars in premium payments. These adjustments frequently result in cash flow problems for business owners. In order to address this issue, CPS provides you with two comprehensive workers compensation solutions - the streamlined CompleteComp program and the Alliance Workers Compensation solution.
Employers may choose a streamlined CompleteComp program administered by CPS that provides a full service approach incorporating the following:
- Access to insurers offering the best product and price
- Minimal down payment
- Payments through payroll for improved cash flow
- Convenient access to insurance experts
- Simplified audit at renewal
- Additional coverage for Business Owners' Policy, Commercial Auto and General Liability
Another option, the Alliance Workers Compensation solution enables you to work with a local agent to secure your coverage. You may choose to find a local agent on your own or select from CPS' network of business partners. Our service will include providing you and your agent with a workers compensation report for tracking of your actual premium against estimated premium and transmitting the information along to the insurance carrier. The workers compensation report will also simplify the process for your year-end audit.
To learn more, call 1-866-658-8800.
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