The Benefits of PAYO
Pay-As-You-Owe (PAYO®) offers a number of benefits to agents. First, PAYO® has proven itself as a useful sales tool for agents trying to attract new policyholders. Insureds will always want a cash flow payment systems that is easy-to-use, flexible and helps control costs, which is exactly how PAYO® was designed to deliver service. PAYO® also eliminates the need for you to collect money at policy inception or renewal, without putting your business at increased risk.
In addition to being a useful sales tool, PAYO® make the management of workers compensation policies easier for agents, as well. The system significantly reduces the risk of commission chargebacks and helps you save time by reducing the number of billing, cancellation, reinstatement, and collection errors and issues. With PAYO®, you will still receive regular commissions, remain the agent of record, and protect your current book of business. Finally, with our network of Approved Payroll Partners, you will be able to expand your sales network, increasing the revenue you can bring in to your agency. Here is a full list of benefits you can enjoy by offering PAYO® to your insureds:
- Reduce the chance of commission chargebacks.
- Save time by reducing the chance of billing, cancellation/reinstatement and collection issues.
- Remain the agent of record and receive full regular commission on our workers' compensation policies, with $1,000 minimum premiums and no maximum.
- Protect your current business while attracting new policyholders with a proven sales tool.
- Strengthen your insured retention with a streamlined, flexible workers' compensation payment solution.
- Compete against national payroll companies and professional employer organizations (PEOs).
- Eliminate need to collect money at policy inception and renewal, and enjoy net rates that include expense constant and state fees.
- Get access to our local Approved Payroll Partners, making it easy to get started and expand your sales circle.
- Have new payroll partners approved more easily by using our flexible PAYO® reporting options.
- Enjoy fast, reliable service from our dedicated PAYO® customer service team.