Farmers Insurance Launches New "Real Time Billing" Option for Workers' Compensation Customers

WOODLAND HILLS, Calif., Oct. 11, 2016 /PRNewswire/ -- Farmers Insurance®, one of the nation's largest insurer groups, has launched a new way for small business owners to remove some of the hassles associated with validating payroll information for Workers' Compensation coverage. The new billing option, Real Time Billing, provides small business owners the opportunity to help better manage their cash flow, while also helping reduce the headaches often associated with the annual premium audits that may be required.

"Farmers Real Time Billing^sm provides an enhanced experience for small business owners by helping provide greater control and stability of their Workers' Compensation billing system," said Bryan Murphy, President of Farmers® Business Insurance. "This new offering is just the latest in a series of innovations we're providing small business owners to help make it easier for entrepreneurs to do business with Farmers."

RealTime Billing is a pay-as-you-go solution that links a business owner's payroll information directly to their Workers' Compensation premium, allowing premiums to be billed on the basis of actual payroll instead of estimating annual payrolls. This new option may help:

Maximize and stabilize business cash flow
Minimize final premium audit adjustments
Remove installment fees and monthly checks

Farmers has introduced this new coverage option in 25 states, including: Alabama, Arizona, Arkansas, Colorado, Connecticut, Georgia, Illinois, Indiana, Iowa, Kansas, Maryland, Michigan, Minnesota, Missouri, Nebraska, New Jersey, New Mexico, New York, Oklahoma, Pennsylvania, South Dakota, Tennessee, Texas, Virginia, and Wisconsin.

Business owners wishing to learn more about Farmers Real Time Billing are encouraged to contact their local Farmers Agency Owners or visit Farmers.com/business.

About Farmers Insurance
"Farmers Insurance^®" and "Farmers^®" are tradenames for a group of affiliated insurers providing insurance for automobiles, homes and small businesses and a wide range of other insurance and financial services and products. Farmers Insurance is proud to serve more than 10 million households with over 19 million individual policies, across all 50 states, through the efforts of more than 48,000 exclusive and independent agents and approximately 21,000 employees. Farmers Insurance Exchange^®, the largest of the three primary insurance insurers that make up Farmers Insurance, is recognized as one of the largest U.S. companies on the 2016 Fortune 500 list.

For more information about Farmers Insurance, visit Farmers.com, Twitter and Instagram, @WeAreFarmers, or Facebook.com/FarmersInsurance.

Contacts:	Media Relations
	818-965-0007
	mediarelations@farmersinsurance.com

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SOURCE Farmers Insurance

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Advertisement produced on behalf of the following specific insurers and seeking to obtain business for insurance underwritten by Farmers Insurance Exchange, Fire Insurance Exchange, Truck Insurance Exchange, Mid-Century Insurance Company, Farmers Insurance Company of Washington (Bellevue, WA) or affiliates. In TX: insurance is underwritten by Farmers Insurance Exchange, Fire Insurance Exchange, Truck Insurance Exchange, Mid-Century Insurance Company, Farmers Texas County Mutual Insurance Company, Mid-Century Insurance Company of Texas or Texas Farmers Insurance Company. In NY: insurance is underwritten by Farmers Insurance Exchange, Truck Insurance Exchange, Mid-Century Insurance Company or Farmers New Century Insurance Company. Home office, Los Angeles, CA.

Farmers GroupSelect^SM products are underwritten by: Farmers Property and Casualty Insurance Company (a MA licensee), Farmers Casualty Insurance Company, Farmers Group Property and Casualty Insurance Company (CA # 2460-4, Warwick, RI), Farmers Direct Property and Casualty Insurance Company (CA # 1669-1, Warwick, RI), Farmers Lloyds Insurance Company of Texas, Economy Preferred Insurance Company, or Economy Fire & Casualty Insurance Company, all with administrative home offices in Warwick, RI.

Each of following insurers who transact business in California are domiciled in California and have their principal place of business in Los Angeles, CA: Farmers Insurance Exchange (#R 201), Fire Insurance Exchange (#1267-4), Truck Insurance Exchange (#1199-9), Mid-Century Insurance Company (#1428-2).

Life insurance issued by Farmers New World Life Insurance Company, a Washington domestic company: 3120 139th Ave. SE, Ste. 300 Bellevue, WA 98005 (CA#: 0378-0). Farmers New World Life is not licensed and does not solicit or sell in the state of New York.

Securities offered through Farmers Financial Solutions, LLC, (In NY: Farmers Financial Solutions and Insurance Agency), 31051 Agoura Road, Westlake Village, CA 91361. Member FINRA & SIPC

Each insurer has sole financial responsibility for its own insurance. List of all insurers and states where licensed at farmers.com/companies/state/. Not all insurers are authorized in all states. Not all products, coverages, features and discounts are available in every state and may vary by state. Restrictions, exclusions, limits, and conditions apply. See agent for details.

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