Workers’ Compensation and Worksite Safety
Talent HR Solutions has the knowledge and expertise to handle clients’ workers compensation policies in Honolulu, Hawaii. Our Master Policy has hundreds of employees under one policy which will help you get discounted rates. Eliminate wasted time and money in your search for workers’ compensation coverage. Our Master Policy allows you to bypass traditionally clumsy and inaccurate payroll reporting and potentially disastrous audits. The conventional process of purchasing an Individual Policy and basing your workers compensation premiums on estimated payroll is a thing of the past.
Master versus an Individual Workers’ Compensation Policy
A Master Policy has hundreds of people under one policy. The rates are typically less than an Individual Policy and the pay-as-you-go feature eliminates audits and large down payments. You will not owe or get any refunds at the end of the year. The insurance company will not hold any of your monies. As your payroll increases or decreases, you are always caught up.
Because Hawaii Workers’ Compensation premiums are based on payroll, most carriers and agents write policies with premiums that are calculated from an “Estimated Payroll”. Unfortunately, this often results in business owners having to pay additional premium at the end of the year because their payroll was higher than expected. Conversely, if payroll is lower than expected, the business would get money back.
To further help our clients consolidate and save money, Talent HR Solutions also offers the following additional insurance services in Honolulu, Hawaii.