What payment options are available for workers' compensation premiums with State Compensation Insurance Fund?

State Compensation Insurance Fund offers several payment options for workers' compensation premiums. The first option is the traditional monthly payment plan, which allows policyholders to split their premiums into equal installments over the policy term. Alternatively, there is an annual payment plan where the full premium is paid upfront. For those who prefer additional flexibility, State Fund also provides a pay-as-you-go option, which bases premiums on actual payroll and allows for real-time adjustments. This option eliminates the need for large upfront deposits and minimizes audit exposure. Additionally, State Fund offers electronic payment methods, including Automated Clearing House (ACH) and credit card payments, to conveniently facilitate the process for policyholders. With these multiple payment options, State Compensation Insurance Fund ensures that policyholders can select a method that suits their unique financial needs and preferences.