EMPLOYERS launched PrecisePay, a pay-as-you-go billing program designed to simplify workers' compensation premium payments, save time and improve cash flow.

Because workers' compensation insurance premiums are based on payroll data, the new PrecisePay offering helps small businesses better manage cash flow by enabling them to make smaller payments on a more frequent basis. PrecisePay also eliminates the burden of large upfront costs and policyholders only pay what they owe each payroll period based on up-to-date payroll data.

"PrecisePay is designed to help alleviate some of the pressures of running a small business by increasing efficiency and potentially lowering workers' compensation related operating costs," said David Quezada, senior vice president, general manager of strategic partnerships and alliances, EMPLOYERS.

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