LBM Employer Services provides pay-as-you-go workers’ compensation solutions for your company to help you avoid large, up-front deposits and year-end surprises which regularly occur with workers’ compensation insurance. By integrating our service with your payroll, we can calculate your worker’s compensation expense each payroll verses waiting for an audit at year end. The payments are electronically debited after each payroll to help ensure timely and accurate delivery to the insurance carrier. We have strategic partnership to offer this service through The Hartford and The Guard.

LBM Employer Services and The Hartford Introduce XactPay: A Workers' Compensation Payment Service

Managing workers’ compensation premium payments is one of the many challenges small and midsize businesses face. To help business owners address this challenge, the property and casualty insurance subsidiaries of The Hartford Financial Services Group, Inc., have teamed with LBM Employer Services to offer workers’ compensation premium-calculation and payment services to clients insured by The Hartford.

Payroll customers of LBM that purchase this coverage from The Hartford will now have access to The Hartford’s XactPAY® service. With this service, premiums for a workers’ compensation policy from The Hartford are calculated automatically and paid each payroll date. Because premiums are calculated based upon actual payroll, this automated payment service helps employers to better manage their cash flow. The use of XactPAY® avoids the need for large up-front premium deposits or finance charges and helps to minimize audit surprises at the end of the policy year.

Take advantage of LBM Employer Services' new service: XactPay. The program helps improve your cash flow by calculating and paying your workers' compensation premium as your payroll is processed. It allows you to avoid large upfront deposits and those unanticipated, large year-end audit adjustments due to inaccurate payroll projections.

Better Cash Flow Management For Your Business

• No down payment
• Workers' Compensation premiums calculated on actual payroll
• Automatic premium payment with each payroll, no checks or monthly bills
• Eliminate or reduce large year-end audit adjustments

Benefits Administration For Your Business

• Competitive insurance rates
• Innovative products
• Free responsive insurance consultation
• 24-hour toll-free number to report claims