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Products December 20, 2010
The Hartford Extends Workers’ Comp Billing Solutions to More Firms
December 20, 2010 (PLANSPONSOR.com) - The Hartford Financial Services Group, Inc. will now offer XactPAY, its payroll-based workers’ compensation premium payment service, to mid-size and larger commercial customers.
Reported by Rebecca Moore
The insurer has also launched XactPAY Xpress, a self-reported billing option designed for companies that manage their own payroll.
According to a press release, with The Hartford’s XactPAY options, premiums are calculated based on actual payroll during the policy period. This eliminates the need for large up-front deposits, minimizes costly audit surprises at the end of the policy period and gives businesses greater flexibility to invest cash in other aspects of their operation.
For more information about The Hartford’s patent-pending XactPAY payroll billing options, visit http://www.XactPAY.com.