- is a pay-as-you-go solution for your business to link your payroll directly to your workers compensation premiums, eliminating the guesswork of trying to estimate annual payrolls.
- allows for real-time workers compensation premium calculations based on your reported payrolls.
- requires no down payment and can help improve cash flow for your business.
- is a FREE billing option available exclusively for Travelers business customers.
Frequently Asked Questions:
Q. What is TravPaySM?
A. TravPay is Travelers pay-as-you-go billing option for workers compensation policies that allows businesses to link their payroll directly to their workers compensation premiums.
Q. Who is eligible for TravPay?
A. TravPay is a billing option that is available for workers compensation policies*.
Q. Does my business have to be a certain size to utilize TravPay?
A. No – TravPay is available to all sized businesses*.
Q. How does TravPay work?
A. TravPay allows businesses to pay their workers compensation premium in real-time as they run their payroll. TravPay offers two payroll reporting options – businesses can either self-report their payroll at the end of each pay period or link TravPay with one of thousands of approved payroll companies for automated premium withdrawals.
Q. Is the process complicated?
A. Absolutely not! TravPay has an easy to follow set up process – all you need to do is provide a few simple pieces of information and you’re ready to go!
Q. What are the benefits of TravPay?
A. Benefits to businesses include:
No down payment
Real-time WC premium calculations
Improved cash-flow for businesses
Automatic premium deductions
Reduced audit exposure due to real time premium calculations
Q. How much will TravPay cost me?
A. Nothing, TravPay is a free billing option available exclusively for Travelers workers compensation clients*.
Q. What safeguards are in place to keep my personal information safe?
A. Travelers and InsureLinx are committed to protecting customer’s personal information. All data is transferred via a secure transmission with industry-standard SSL encryption to prevent unauthorized users from accessing your information.
Q. How can I get started on TravPay?
A. Contact Paperless Insurance for more exciting details about Travelers TravPay
Visit us on the Web at travelers.com/travpay