Program will link multiple insurers and be payroll vendor neutral for maximum choice
Bruce Cochrane President and CEO of Renaissance Alliance Renaissance Alliance, New England's premier network of independent agents, has announced a partnership with InsureLinx of Sarasota, FL, the nation's leading workers' compensation pay-as-you-go (PAYGO) technology vendor, to launch EZPayIns™, the first agent centric workers' compensation PAYGO product serving independent agents, insurers, and the commercial business community.. The program is currently in beta testing and will be launched in January 2012.
EZPayIns™ will be fundamentally different from any existing workers' compensation PAYGO program in that it will provide independent agents and their commercial customers access to multiple insurer PAYGO options combined with freedom to continue processing their payrolls as normal without requiring any change in their current agent or payroll service provider relationships. Cochrane says, "Our member agents are at the core of the EZPayIns™ platform in providing their clients trusted localized service and business solutions choices. Alternative PAYGO products offer one or limited market options from individual insurers and/or payroll service providers. This old paradigm significantly limits the customers' ability to obtain the best possible solution for their workers compensation needs."
Jeff Harris, President and founder of InsureLinx, says: "I am an independent agent myself. I strongly believe in the risk management expertise and value the independent agency system delivers to employers when it comes to workers' compensation. We are very enthusiastic about our Renaissance Alliance partnership to deploy our combined technologies in providing EZPayIns™ to the Alliance network of 95 independent insurance agencies."
For agents, just a few of the many advantages of EZPayIns™ include ease of administration through integrated automation, a value-added service that bolsters client retention, and the elimination of agent/client friction often arising from surprise year-end audits resulting in large additional lump sum premiums. For employers, EZPayIns™ matches cash flow with revenue, eliminates or significantly minimizes workers' compensation down payments and large audit premiums, and affords administrative efficiencies with continued service from an existing trusted agent and payroll service provider.
EZPayIns™ is an exclusive offering only to Renaissance Alliance members and partners.
