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Zurich Insurance Group Ltd. has added a flexible payroll option to help construction clients manage workers compensation premiums, the Schaumburg, Illinois-based insurer announced Friday.
The Zurich Workers Compensation Flexible Payroll Reporting Option will allow construction customers to pay workers comp weekly, bi-weekly, semi-monthly or monthly based on real-time premium calculations derived from payroll reports. The option also allows for automatic premium withdrawal and enables construction customers to spread payments out over a 12-month period.
Zurich North America, a unit of Zurich Insurance Group Ltd., said Thursday it is introducing cyber insurance policy endorsements designed to expand manufacturers’ coverage.