Farmers Insurance® Expands Availability of "Real Time Billing" Option for Workers' Compensation Customers

Following the successful launch of its Farmers RealTime Billing (SM) solution in 25 states, Farmers® is now offering the option to customers in California, Idaho, Montana, Nevada, Oregon and Utah

WOODLAND HILLS, Calif., April 11, 2017 /PRNewswire/ -- Farmers Insurance^®, one of the nation's largest insurer groups, is expanding the availability of its recently launched Farmers RealTime Billing^SM option for small business owners to remove some of the hassles associated with validating payroll information for Workers' Compensation coverage. Following the successful rollout of Farmers RealTime Billing^SM last fall, Farmers will now offer business owners in California, Idaho, Montana, Nevada, Oregon and Utah 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 RealTime Billing^SM is already helping many of our small business customers become smarter in the way they approach Workers' Compensation coverage, and I am pleased to extend the convenience and efficiency of this product to even more business owners," said Svetlana Bronshteyn, director of commercial product development for Farmers^® Business Insurance. "We're constantly seeking new and innovative ways to enhance our services, and Farmers RealTime Billing^SM is the latest in a series of continual improvements we're making to help meet the changing needs and preferences of our customers."

Farmers RealTime Billing^SM makes Workers' Compensation coverage simpler and more cost-effective for businesses by linking payrolls directly to Workers' Compensation policy premiums, taking the guesswork out of estimating annual payrolls. Premiums are billed based on actual payroll, which may help improve business cash flow and reduce exposure to large audit balances due at the end of the policy term.

"In addition to preventing financial surprises, Farmers RealTime Billing^SM helps customers plan and manage cash flow, avoid large annual lump sum premium payments, and breeze through Workers' Compensation audits because premium is based on actual data versus an estimate," added Bronshteyn.

Business owners wishing to learn more about Farmers RealTime Billing^SM 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 nationally, 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.

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

SOURCE Farmers Insurance

Social

Add us on
Linkedin

Like us on
Facebook

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.

News Releases