Beacon Pay As You Go

Beacon Mutual wants to help you manage your insurance costs.

We are local with industry expertise, and we understand the challenges you face. With an ever changing market, we want to provide you with the Pay As You Go payment plan to ensure that you are paying the right price to cover your employees and keep them safe. Beacon Pay As You Go (PYG) enables you to pay workers’ compensation premiums based on real-time payroll data as you process your payroll each cycle. Whether you enter payroll data manually, use a payroll service provider, or manage your own accounting software, Beacon PYG enables you to upload your data instantly. Once it is submitted, your premium for each applicable period is calculated and automatically withdrawn from your bank account.

PYG Eligibility & Processing

New Beacon policyholders, and Beacon policyholders in good financial standing, are eligible for the program at the time of policy is bound or renewed. Certain restrictions apply and may include, but are not limited to, temporary employment agencies, employee leasing firms, professional employment organizations, and domestic service contractors. Contact your agent to see if you qualify for PYG.

If you qualify, you must have a BEACONNECT account to access the PYG system. For each pay cycle at your company, log into BEACONNECT and report your payroll. PYG will deduct the accurate payment amount from your bank account. PYG transfers your policy payment from your designated bank account. It’s that easy.