Ascendant's Pay As You Go payment plan is designed for clients who opt to pay their workers’ compensation policy premium each pay period, based on actual payroll rather than on an estimated basis. This plan applies to both payroll processed through one of our many payroll providers known as the traditional pay as you go option, and payroll processed through the client’s internal, self–reporting system.
Under this plan the workers’ compensation premium is paid concurrently with the client’s payroll scheduled dates. The workers’ compensation premium due for the reported period is calculated using actual payroll multiplied by the net premium rate assigned to each respective industry, as governed by the National Council on Compensation Insurance.
Easy and secure web reporting is made available to the payroll providers and clients in an effort to simplify the reporting process and accurately calculate the premium due. Upload features are available to simplify the electronic transmission of supporting payroll reports.
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