New Jersey Manufacturers Insurance Company will implement Patriot Technology Solutions, Inc.’s billing tool, InsurePay, for its workers’ compensation customers, the company announced today.
InsurePay is pay-as-you-go cloud-based software, which enables companies to pay premiums based on actual payroll instead of generated estimates. Added benefits include the elimination of billing, collections and auditing costs, according to the companies.
“We [NJM] strive to help policyholders manage their workers' compensation premium payments by providing multiple payment options,” said MaryLou Mattera, manager, commercial business process improvement at NJM, in a statement. “InsurePay will drive value to our policyholders by eliminating the estimation of traditional workers' compensation premium plans and allowing them to better manage cash flow."
