The Paychex Difference
There are thousands of independent insurance agencies, some local, some national, and some with names you know. So why choose Paychex Insurance Agency?
- Over 70,000 businesses have chosen us as their insurance agency.
- Over 150 national and regional insurance carriers partner with us to offer plans that fit your specific needs.
- We're among the largest, most experienced agencies for small business workers' compensation, and we're the largest workers' comp partner for Travelers and The Hartford.
- Our licensed representatives give you the knowledge you need to choose the best plans for yourself, your business, and your employees.
- Our convenient service department is larger and available longer hours than those of most insurance agencies.
Benefit from Paychex Payroll Integration
Paychex Payroll clients have even more reasons to chose the Paychex Insurance Agency. When payroll and benefits work together as partners, you can spend your time more profitably.
Our payment service for Paychex Payroll clients calculates workers' compensation costs based on actual wages, improving cash flow while virtually eliminating up-front deposits and additional fees.
| Things to Do |
Without Paychex Insurance Agency |
With Paychex Insurance Agency and Paychex Payroll |
| Calculate workers' compensation costs |
Employer estimates costs based on potential wages for the upcoming year. |
Paychex calculates workers comp costs using actual wages — not estimates. |
| Pay workers' compensation premiums |
Employer pays in advance for the year, and is liable to pay lump sums at year-end due to potential audits. |
Paychex sends payments each payday, helping improve your cash flow and reduce the risk of year-end lump sum payments. |
| Send payments to insurance carrier |
Employer |
Paychex sends payments electronically to ensure timely and accurate delivery. |
| Update insurance carrier of new employees and
business locations |
Employer |
Paychex takes care of it for you. |
| |
Paychex Payroll clients with group health plans through Paychex Insurance Agency free themselves from many administrative responsibilities.
| Things to Do |
Without Paychex Insurance Agency |
With Paychex Insurance Agency and Paychex Payroll |
| Track eligibility of new hires |
Employer |
Paychex
|
| Remember to notify employees when they are eligible for coverage and provide application |
Employer |
Paychex provides assistance.
|
| Submit new applications to carrier |
Employer |
Paychex
|
| Address any carrier issues with applications |
Employer |
Paychex
|
| Remove terminated employees from coverage |
Employer |
Paychex
|
| Check invoices to make sure employees have the correct coverage |
Employer |
Paychex reports provide assistance.
|
| Make premium payments on time |
Employer |
Paychex*†
|
| Administer POP |
Employer |
Paychex†
|
| Administer FSA |
Employer |
Paychex†
|
| Administer COBRA |
Employer |
Paychex†
|
*Availability of services may vary depending on carrier selection. † Additional fee. |
The Paychex Effect
Our parent company, Paychex Inc., provides payroll, HR, and benefits solutions to more U.S. businesses than any other company — 554,000 at last count. You could say that Paychex Insurance Agency comes from a well respected family:
- One of the "World's Most Ethical Companies" — The Ethisphere Institute
- Among "America's Most Admired Companies" — Fortune
- Multiple Alexander Hamilton Awards for excellence in treasury and financial management — Treasury & Risk
- One of the "400 Best Big Companies in America" — Forbes
Find the Right Fit
To start the conversation, speak with a licensed Paychex Insurance Agency professional at 877-393-8868 and ask how we can help you select a plan for yourself, your employees, or your business.
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