Comp-As-You-Go

Whether you manually enter data, use accounting software or work with a payroll company, Comp-As-You-Go works with your current method of processing payroll.

Features

• Automatically pay your premium when you process payroll.
• No premium deposit required.
• Reduced risk of large year-end audits.
• Easy set up —let us do the work for you.
• Ongoing customer service provided by a MEMIC Comp-As-You-Go specialist. Works with your current payroll processing method, including most payroll company data.

How it Works

By enrolling in MEMIC’s Comp-As-You-Go pay plan, your premium will be paid when your payroll is processed. Once payroll is recorded, a data file is uploaded to the Comp-As-You-Go portal and the amount of the payment due will be calculated. The best part? You can use data from your payroll company or from your own software—as long as MEMIC receives the data, it doesn’t matter where it comes from. You’ll then receive an e-mail with the final calculation. An ACH transaction will be initiated and cleared within 2-3 business days.

Easy Set-up with No Premium Deposit

If you’re already a MEMIC policyholder, tell your agent that you want the Comp-As-You-Go payment option when you renew your policy. After you sign up, MEMIC will schedule a call to set up your account. If you are not a MEMIC policyholder, contact your agent today to get a quote with MEMIC and tell them you want to sign up for Comp-As-You-Go. Don’t have an agent? Find one using our custom agent search.

More Information

• Comp-As-You-Go with MEMIC
• Comp-As-You-Go FAQs