Payment Options

All payments are due in our offices on the 15th of each month.  After that date, the payment will be considered late and a 10-day notice of cancellation will be issued.

Option 1 - Equal Pay

New Policies:

• 10% down payment of the annualized premium due at binding
• Expense constant, terrorism fee and $85 FUBA dues required with down payment
• Remaining balance billed in equal monthly installments due by the 15th of the month

Renewal Policies:

• Upon renewal, down payment is not required
• Expense constant and terrorism fee paid in full with first installment
• Remaining balance billed in equal monthly installments due by the 15th of the month

Pay-by-Phone

We can accept checks by phone for monthly installments and audit balances and is the best way to avoid cancellation for non-pay of premium.  Call 888-262-4483 and have the following information available: 1) whether the bank account is a business or personal account, 2) if a personal account, the first and last name on the account, 3) name of the bank, 4) nine-digit routing number, 5) bank account number, 6) payment date and 7) check number

Option 2 - Monthly Self-Reporting

To qualify, annual premium must be at least $5,000

• 15% security deposit required
• Payments due by the 15th of each month based on payroll incurred in the prior month
• Electronic submitting of reports and paying of invoice online at www.FUBAWorks.com
• Sole proprietors and partners not eligible for this plan regardless of premium size

Option 3 – Pay-As-You-Go Programs

• If account has prior coverage, the down payment is only expense constant, terrorism fee and $85 FUBA dues 
• If account has no prior coverage, 10% security deposit required with the down payment
• Agent’s responsibility to request pay-as-you-go plan with either Paycor (http://www.paycor.com/), CPM Employer Services (http://www.cpmpayroll.com/), PayMaster (http://www.paymaster.net/), South Florida Payroll Services, Inc. (http://www.southfloridapayroll.com/), CFO Today (http://www.cfotoday.com/), Payroll Matters (http://www.mypayrollmatters.com/), Quantum Payroll Systems (http://www.quantumpayroll.com/), CompuPay (http://www.compupay.com/, CompUS Payroll (http://www.compuspayroll.com/) or MyPayrollSite.com (http://www.mypayrollsite.com/) on new business submissions

Late Fees: Upon issuance of a Notice of Cancellation, a late fee of $25 will be added to the insured’s next invoice.

Timely Payments: All premium payments must be made on time.  All Dividend Reward Plans may be forfeited if a policy is issued a Notice of Cancellation as a result of non-payment of premium.

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