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Paychex launches Business Insurance Payment Service

IBR Staff Writer Published 17 February 2012

Paychex Insurance Agency has expanded its services with the introduction of business insurance payment service intended for business owner, commercial auto, and umbrella policies through The Hartford, Guard Insurance, and Travelers insurance companies.

Policy holders can now select Paychex pay premiums on their behalf using a pay-as-you-go monthly billing method to reduce the up-front premium deposit using Business Insurance payment service.

Paychex insurance and human resource services solutions vice president Kevin Hill said that with the value-added service, the company is striving to make it easier and more affordable for business owners, whether they're just starting out, or are well-established to acquire the insurance they need to protect themselves and their business.

The service calculates exact monthly premiums amount, the business owners need to pay throughout the plan year, enabling them with a convenient, accurate, and on-time payments and budgeted premiums to even out cash flow.

The service also offers customers a minimal start-up costs and real-time updates that reflect any changes to the estimated annual premium.

New and existing Paychex Insurance Agency clientscan also avail the service.