The Hanover Offers Pay-as-You-Go Policies

The Hanover Insurance Group Inc. has introduced a pay-as-you-go system for workers’ compensation policies. Called Hanover EZPay, the system allows insureds to pay their premiums in real time, based on payroll, the company announced on Thursday. The new payment system gives businesses the option to pay their premiums as part of their payroll process, either by self-reporting payroll at the end of each pay period or by linking Hanover EZPay with their payroll company. Paying with each payroll cycle may help businesses improve their cash flow and reduce audit exposures through real-...