Farmers Insurance Launches New “Real Time Billing” Option for Workers’ Compensation Customers
"Farmers Real Time Billingsm provides an enhanced experience for small business owners by helping provide greater control and stability of their Workers' Compensation billing system," said
RealTime Billing is a pay-as-you-go solution that links a business owner's payroll information directly to their Workers' Compensation premium, allowing premiums to be billed on the basis of actual payroll instead of estimating annual payrolls. This new option may help:
- Maximize and stabilize business cash flow
- Minimize final premium audit adjustments
- Remove installment fees and monthly checks
Farmers has introduced this new coverage option in 25 states, including:
Business owners wishing to learn more about Farmers Real Time Billing are encouraged to contact their local Farmers Agency Owners or visit Farmers.com/business.
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