Eligible Policyholders Must:
- Authorize automatic (ACH) payments from their bank account by completing the online form.
- Maintain current bank account information within the PrecisePay system.
- Submit payroll information each time payroll is processed. Failure to report payroll or pay premium when due will subject the policy to cancellation.
- Comply with premium audit requests. Premium audits are performed on all EMPLOYERS policies. A benefit of PrecisePay is that it may minimize the amount of an audit adjustment. However, inaccurate payroll information or incorrect job classifications may result in an audit adjustment after the premium audit.