Pay As You Go

10/23/2013
Beacon Launches Program for Policyholders

FOR IMMEDIATE RELEASE                                               PRESS RELEASE
October 23, 2013                                                                Contact: Stephanie Mandeville
                                                                                         Office: 401.825.2662
                                                                                         Mobile: 401.536.5760
                                                                                         smandeville@beaconmutual.com

Beacon Mutual launches ‘Pay As You Go’ program for Policyholders


New policyholder payment option will be  based on real-time payroll data

 
Warwick, RI – The Beacon Mutual Insurance Company today announced a new payment option for eligible policyholders to pay premiums in a more simplified, automated process.
 
The Beacon Pay As You Go program enables policyholders to pay workers’ compensation premium based on real time payroll data as each pay cycle is processed – either through a payroll company or the policyholder’s own records. Beacon Pay As You Go uploads data instantly and the premium for each applicable period is calculated and automatically withdrawn from the policyholder’s bank account. 
 
“We are pleased to add another convenient payment choice for our policyholders,” said Beacon Mutual President & CEO James V. Rosati. “We are continually looking for opportunities to improve the ease of doing business with Beacon and create value for our policyholders. This new option will allow policyholders to maximize monthly cash flow, minimize the likelihood of year-end premium audit adjustments and eliminate large upfront premium fees.” 
 
Beacon policyholders in good financial standing can begin taking advantage of this new program at the time of policy renewal. The program is also available to new business at the inception of their first Beacon policy. Enrollees will have no more checks to write, no due dates to remember and no installment fees.
 
Additional information is available on our secure web portal, Beaconnect