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Managing workers' compensation premium payments presents a challenge for small and medium-sized businesses. Now, Shepard Insurance and The Hartford are pleased to provide customers a free service that makes it easy.

XactPAY Web™, a QuickBooks Silver Certified product, automates workers' compensation premium calculation and payment when businesses run payroll, helping to save you time and reduce costly mistakes. It alleviates the burden of manually monitoring cash flow issues associated with workers' compensation payments for policyholders of The Hartford. Using XactPAY Web:

  • Eliminates hefty premium down payments.
  • Improves cash flow by enabling as many payment installments as there are pay periods.
  • Avoids finance, service and late fees through automated payment plan.
  • Minimizes the potential for audit adjustments at the end of the policy term.
  • Helps reduce costly mistakes that may result in fines for inaccurate workers' compensation computations.

Here's how it works. Once we issue The Hartford's workers' compensation policy, you receive a login and password so you can download and install the XactPAY Web utility on your computer. The XactPAY Web utility will automatically take the payroll information generated by your QuickBooks Payroll program and securely transmit the data to XactPAY Web. Based on that data, your workers' compensation premium is calculated and with prior approval, is automatically withdrawn from your bank account via electronic funds transfer.
The best part? There is no charge for any part of this service.
Business owners, CPAs, bookkeepers or payroll specialists who want to know more should call us at (818) 508-9925 or (661) 902-0360.