Pay-As-You-Go Workers' Comp in Florida — No Large Deposit
Stop paying large upfront deposits for workers' comp. Our PEO program calculates your premium based on actual payroll each period — so you only pay for what you actually use.
Get My Pay-As-You-Go QuoteWhy Traditional Workers' Comp Billing Hurts Small Businesses
Traditional Florida workers' compensation policies require a large upfront deposit — typically 10–25% of your estimated annual premium — before coverage begins. For a small Florida contractor with a $50,000 annual premium, that's a $5,000–$12,500 cash requirement just to get started. For high-risk Florida industries like roofing (class code 5551) or towing (class code 7219), annual premiums are often $30,000–$80,000, making deposits even more burdensome.
The problems don't stop there. Because traditional Florida policies are based on estimated payroll, you face a year-end audit where the carrier reconciles actual payroll against the estimate. If you hired more workers than expected, you owe additional premium. If you hired fewer, you get a refund — but only after waiting months for the audit to complete.
Comp Ninjas' pay-as-you-go PEO program eliminates both problems for Florida employers. No large deposit — just a $875 one-time setup fee. No year-end audit surprises. Your workers' comp premium is calculated on actual payroll each period — giving Florida small businesses predictable cash flow and accurate costs.
Why Pay-As-You-Go Workers' Comp Is Better
No Large Upfront Deposit
Traditional policies require 10–25% of annual premium upfront. Our PEO program requires only a $875 setup fee — then you pay as you go based on actual payroll.
No Year-End Audit Surprises
Because you pay based on actual payroll throughout the year, there's nothing to audit at year-end. No unexpected bills, no waiting for refunds.
Scales With Your Business
Hire 5 workers or 50 — your coverage and premium adjust automatically. Perfect for seasonal businesses, growing companies, and variable workforce sizes.
Better Cash Flow
Spreading premium payments across the year instead of paying a large deposit upfront dramatically improves cash flow for small businesses.
Pay-As-You-Go Workers' Comp Questions
What is pay-as-you-go workers comp?
Pay-as-you-go workers' compensation is a billing model where your Florida workers' comp premium is calculated and charged each payroll cycle based on actual wages paid — rather than a large upfront estimate at the start of the year. Comp Ninjas' PEO program uses pay-as-you-go billing for all Florida employers, eliminating large deposits and year-end audit surprises.
How much is the deposit for pay-as-you-go workers comp?
With Comp Ninjas' PEO program, there is no large deposit for Florida workers' comp. You pay a one-time $875 setup fee to enroll with Comp Ninjas, and then your workers' comp premium is calculated as a percentage of actual payroll each pay period. No 10–25% annual premium deposit required — a major advantage for Florida small businesses and hard-to-place industries.
How is the premium calculated each payroll?
Your premium is calculated by multiplying your actual gross payroll by the applicable workers' comp rate for each employee's classification code. For example, if your roofing crew earns $10,000 in a pay period and the rate is $18 per $100 of payroll, your premium for that period would be $1,800.
What happens at the end of the year with pay-as-you-go?
Because your premiums are calculated on actual payroll throughout the year, the end-of-year audit is minimal. There's no large additional premium bill because you've been paying based on real numbers all along. This is one of the biggest advantages over traditional annual policies.
Is pay-as-you-go workers comp available for all industries?
Yes. Comp Ninjas' pay-as-you-go PEO program is available for all Florida industries Comp Ninjas serves — including construction (class codes 5551, 5645, 5213), roofing, towing (7219), trucking (7380), agriculture, home health, and staffing. Even high-risk Florida classifications that standard carriers decline are eligible for Comp Ninjas' pay-as-you-go program.
Can I add or remove employees without changing my policy?
Yes. Under Comp Ninjas' PEO program, your Florida workers' comp coverage automatically adjusts as your workforce changes. Add 10 workers this week? They're covered under Comp Ninjas' master policy immediately. Lay off 5 workers next month? Your premium decreases accordingly. No policy changes, no paperwork — ideal for Florida contractors with seasonal or variable workforce sizes.
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