Worker’s Compensation in Ronkonkoma, NY

Online payroll processing and worker’s compensation in Ronkonkoma, NY go hand in hand. Ally Payroll Solutions can add significant value and give you time savings by combining these two essential functions through our small business payroll. By coding your employees with their appropriate classifications, we can transmit the data to your insurance carrier each payroll.

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Traditional workers’ compensation insurance policies aren’t very efficient, and large premium adjustments can be a hardship to your company. By estimating the amount of your premium based on the prior year’s payroll, you are exposed to large adjustments (overpayments or underpayments) at the end of the year when the audit is completed. In addition, these plans generally also require a 30% down payment. This can create a cash flow crunch because an underpayment will be due at the same time as the 30% deposit is due for the next year.