| Pros of Insurance Agent | Pros of Payroll Service |
| Tailored coverage | Simplified administration |
| Choice and comparison | Expertise in compliance |
| Customized risk management | |
| Claims assistance | |
| Expert advice |
Overall, the decision of whether to use an insurance agent or a payroll service for workers’ compensation coverage depends on your specific needs and preferences.
If you value personalized service, tailored coverage, and expert advice, then an insurance agent is the better choice.
However, if seamless integration and simplified administration are more important to you, then a payroll service may be a better option.
It is also important to note that not every insurance company participates in Payroll Services coverage offer, and the cost of workers’ compensation coverage can be lower through the insurance agent.
Finally, many carriers offer “pay-as-you-go” services, where your workers’ compensation insurance premium is calculated based on the actual payroll in the period so you are never over- or underpaid. Hence, the audit is easy to complete.