The Benefits of AmTrust Pay-As-You-Owe
PAYO offers several benefits to both appointed agents and their policyholders. Benefits include:
Benefits to Agents
• Proven sales tool to create and close more new business, while also protecting your current book of business
• Strengthen your insured retention - Insureds are less likely to shop at renewal
• Compete against the national payroll agencies and professional employer organizations (PEOs)
• No money down to bind workers’ comp coverage at policy inception and renewal
• Remain the agent of record and receive full regular commission
• Reduce the chance of commission chargebacks
• Save time by reducing the chance of billing, cancellation/reinstatement and collection issues
• Sell more workers’ comp business when using an AmTrust PAYO solution
Benefits to Your Insureds
• No upfront money to bind coverage
• Enjoy “cash flow” benefits of paying premium based on “actual” payroll, not estimates
• Simplified audit process – reduces the chance of large audit surprises
• No AmTrust processing fees
• Better control over workers’ comp business expense