Bangor Payroll has partnered with MEMIC, Maine's leading workers' compensation insurer, to offer Comp As You Go. Once qualified, Bangor Payroll will collect your workers' compensation premium as part of the regular payroll run and remit the funds, along with reporting information, to MEMIC for payment of your premium.
Comp As You Go:
- Alleviates hefty upfront deposits and improves your cash flow
- Directs payment of workers' compensation premium
- Provides timely, accurate payroll-to-premium calculations
- Minimizes exposure to large year-end audits
- Directs debit billing in connection with payroll cycles
- Reduces risk of overpayment or underpayment
To learn more about the benefits to you and your business, we encourage you to contact us at 1.800.471.3300 or bangorpayroll@bangor.com. You can also contact your MEMIC agent.
* Qualifications & Considerations
Acceptance to Comp-as-you-go is subject to MEMIC underwriting review.
Comp As You Go applies to Bangor Payroll customers only.
Payroll services are subject to enrollment in Bangor Payroll tax service.
Your insurance agent will assist you in adding the Comp-As-You-Go payment plan to your MEMIC workers' compensation policy.
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