You likely already know that your small business needs insurance coverage—but you may not realize how important it is that your business insurance comes with payroll integration.

This particular enhancement to your average business insurance policy will save your business time, heighten your risk management practices and reduce administrative tasks so you can focus on strategic business growth. It’s truly more of a must-have than a nice-to-have for small and medium-sized (SMB) businesses.

Why payroll integration is essential

The best option for SMBs today, insurance that integrates payroll will obviously save your business important time. Beyond that, it can help to prevent mistakes and oversights and, critically, reduce risk.

Payroll today involves more requirements than many small businesses expect, from federal, state and local laws to various classifications and taxes. When payroll is integrated into your insurance, then you never have to worry about paying employees late or falling out of compliance. This integration can include 401(k) withholdings, health insurance and more.

Likewise, your business will enjoy the custom risk analytics that come from cross-system integration. All of this will serve to prevent the burden of unpaid taxes or late penalties. When your insurance and your providers are data-driven, then everything from payroll to workers comp to overall operations will be that much more effective, transparent and intelligent.

Full service from start to finish

Designed for professional employer organizations and brokers, Mulberri is an embedded insurance platform that is built from the ground up for payroll and HR providers, encompassing payroll integration, workflows, and risk analytics to help save your business time, stress, and money. It’s all about making your business more efficient and productive at what you do best.

Ultimately, we know how vital payroll integration is because we see its benefits in action every day. Let us know if you want to learn more about the latest technology to support your growing business.