Farmers Insurance® Expands Availability of “Real Time Billing” Option for Workers’ Compensation Customers
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"Farmers RealTime BillingSM is already helping many of our small business customers become smarter in the way they approach Workers' Compensation coverage, and I am pleased to extend the convenience and efficiency of this product to even more business owners," said
Farmers RealTime BillingSM makes Workers' Compensation coverage simpler and more cost-effective for businesses by linking payrolls directly to Workers' Compensation policy premiums, taking the guesswork out of estimating annual payrolls. Premiums are billed based on actual payroll, which may help improve business cash flow and reduce exposure to large audit balances due at the end of the policy term.
"In addition to preventing financial surprises, Farmers RealTime BillingSM helps customers plan and manage cash flow, avoid large annual lump sum premium payments, and breeze through Workers' Compensation audits because premium is based on actual data versus an estimate," added Bronshteyn.
Business owners wishing to learn more about Farmers RealTime BillingSM are encouraged to contact their local Farmers agency owners or visit Farmers.com/business.
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