Payments

There are three billing options for paying your premium.

Option 1 – Monthly Equal Installments

10% down payment of the annualized premium due at binding
Expense constant and terrorism fee required with down payment
Remaining balance billed in 10 equal monthly installments due by the 15th of the month
Upon renewal, down payment is not required

Option 2 – Monthly Self-Reporting

To qualify, the annual premium must be at least $5,000
15% security deposit required
Payments due by the 15th of each month based on payroll incurred in the prior month
Required electronic payroll reporting at FCBI FUND
Sole proprietors and partners not eligible for this plan regardless of premium size

Option 3 – Pay-As-You-Go Programs

If the account has prior coverage, the down payment is only the expense constant, and terrorism fee
If the account has no prior coverage, 10% security deposit required with the down payment
It is the agent’s responsibility to request a pay-as-you-go plan with an approved payroll company at the time the submission is made

There are three ways to pay your invoice – online, by phone or by mail.

PHONE

We accept check payments by phone.
Call our offices at 866-469-3224
M – Th from 9am – 5pm and Friday from 9am – 4pm.

MAIL

Mail your check and invoice stub to:
FCBI Workers’ Comp
PO Box 865640, Orlando, FL 32886-5640

All payments are due and payable by the 15th of each month. If payment is received after the 15th, your policy will be subject to a $25 late fee and cancellation. When a cancellation notice is issued, any policy reinstatement is at our discretion. It is not automatic or guaranteed, even if payment is received. An Applicable Dividend Reward Plan, if any, may be forfeited if a Notice of Cancellation is issued due to non-payment of your premium.

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