Traditional policies require a large upfront deposit. In Florida, many businesses switch to pay-as-you-go workers compensation, tying premium payments directly to exact Payroll Volume each cycle, eliminating end-of-year audit surprises.
Cash Flow Advantages
By removing the 20-30% upfront deposit, Florida contractors can keep more cash on hand for materials and payroll. Premiums are paid per pay cycle based on actual wages, not estimated annual projections.
Audit Automation
Pay-as-you-go integrates directly with your payroll system. Because premiums are exact, the brutal end-of-year audits that traditionally plague Florida construction companies are largely eliminated or reduced to simple verifications.