Employers in all states are legally required to carry workers’ compensation insurance.
At DynamicHR, workers’ compensation premiums are calculated using actual wages, not estimates, so you avoid unexpected payouts. Premiums are automatically deducted from payroll – saving you time and helping you better manage cash flow. And because your premium amounts are calculated each and every payroll period, you reduce the risk of a negative audit at the end of the year.
- Improved budgeting
- Minimized exposure of additional premiums or balloon payments upon audits
- Comprehensive reports that provide gross wages, exempt wages and premium totals for each code and employee.