The Hartford has forged a new alliance with Intuit Inc. to offer The Hartford’s XactPAY worker’s compensation premium payment options to Intuit Online Payroll customers via independent agents.
“Most business owners seek the advice and guidance of an independent agent when purchasing insurance for their companies, says Donato Monaco, vice president of payroll alliances at The Hartford. “Through this alliance, our 9,000 independent agents are now able to offer a broader spectrum of XactPAY pay-as-you-go premium billing options to their clients.”
XactPAy is The Hartford’s patented process for paying worker’s compensation insurance. Rather than purchasing and paying for worker’s compensation insurance a year in advance, XactPAY allows businesses to pay their premiums one payroll period at a time resulting in better cash flow management for businesses and no installment billing fees among other things.
In addition, the Hartford also has opened up the playing field so that now all size businesses are eligible to use XActPAY. As a result, midsize and larger businesses that have their worker’s compensation insurance with The Hartford and already use Intuit Online Payroll or QuickBooks Payroll can now use XactPAY. The Hartford believes that more than 1 million businesses currently use Intuit payroll offerings.
Interested agents and brokers should contact their underwriter for more information.
