Direct carriers will usually require:
- 30% down payment on the annual premium and may finance the remaining 70% over 6- 9 months.
- An annual on-site audit that will review class codes for accuracy—rate discrepancies and payroll levels. An audit can be intrusive to your operations, and audit premiums can be unexpectedly substantial.
- At least 3 years of good loss history.
If you select a direct policy as your work comp solution, Work Comp Staffing Solutions can refer you to a payroll service that specializes in processing staffing clients payrolls and administrating staffing health benefits.