Automatic Workers Compensation Premium Reporting*
Bangor Payroll has partnered with MEMIC, Maine's leading workers' compensation insurer, to offer Comp-As-You-Go. Once qualified, Bangor Payroll will provide your workers' compensation reporting information for each payroll to MEMIC. This information allows MEMIC to calculate your premiums on a payroll by payroll basis.
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
- 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.
* For all Qualifications and Considerations, please see Comp-As-You-Go Payroll and Tax Services Qualifications & Conditions Terms & Conditions on the disclosures page.
