Listed insurance firm The Hanover Group recently announced the availability of its EZPay solution, which is geared towards providing an efficient workers’ compensation payment platform.
The company said in a report that the system allows business owners to pay their workers’ compensation insurance premiums with the processing of each payroll cycle. This efficiency is expected to benefit clients by helping improve cash flow and reduce audit exposures through real time premium calculations. Additionally, it allows automatic premium withdrawals that do not require down payments or monthly fees.
“Hanover EZPay allows agents to provide their clients with increased flexibility and peace of mind by offering a payment option that fits with the flow of their business,” Hanover president of commercial lines John C. Roche emphasized. “For many agencies, this also helps increase customer satisfaction and retention, making it beneficial for both the agent and the customer.”
This payment option is available through Hanover’s elite agent partners across the country and cannot be obtained directly through the company.