Leading human resource, payroll, and employee benefit solutions provider, Paychex Inc., has unveiled its new Business Insurance Payment Service, which is now being introduced for Paychex Insurance Agency commercial auto, business owner (BOP), and umbrella products that are sold through Guard Insurance Group, The Hartford, and Travelers Insurance companies. This new service will allow policyholders to choose to have their premiums paid for by Paychex using a monthly pay-as-you-go method that will help to decrease the premium deposit that is generally made up-front. The policyholders will also be able to…
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Business insurance gets a hair cut
Have businesses been cutting their insurance policies? Many say, yes. The statistics say yes also. With the economy being especially brutal to small-medium business owners, drastic measures have been noted by insurance agents around the country. Many business owners have seen a decrease in premium just due to the lowering of payroll but this wasn’t enough, they cut extras, and anything that was a policy add-on in an effort to lower the premiums. Other approaches have been made to get policy premiums lower too. Strategies such as lowering the amount of coverage…
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