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03: Setting Up Bank AccountsYour workers’ comp payments will be handled by Hourly — all we need is your monthly premium and at least one verified bank account. To add bank account details to your account, click Settings along the left and open the Bank Accounts tab. Click Add at the top right. Enter the routing and account numbers, account type, and name, then click Save. To verify your account, we’ll make a small deposit and a small debit of less than $1 each.
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01: Setting up Company DetailsThe first thing you’ll want to do in Monthly Self Reporting is to set up your company details. To do this, click Settings along the left and open the Company Details tab. On this page, you can enter your company name and contact email, license number, and mailing address. To edit any field, hover over it and click the Edit icon. After making your changes, press Enter.
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05: Workers’ Comp: Certificates of InsuranceYou’ll typically need one certificate per project location, and we make it easy to show proof of insurance. To get started, click Workers Comp along the left and open the Certificate of Insurance tab. Click New Certificate. In the Project Details section, enter the project location address, project description, and insurance license policy ID. In the Requester Details section, enter the contact details for the person or company requesting the certificate.
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04: Workers’ Comp: Class CodesClass Codes in Hourly represent each type of job or employee that has its own workers’ comp rate. These codes are set up by usfor you when you open your account, based on your company needs. As an example, you can have one class code for high-wage carpenters whose insurance rates are low, and another code for entry-level carpenters who require a higher rate. Or you may have different codes for carpenters, plumbers, electricians, office workers, etc.
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02: Adding Other UsersTo set up another user who will handle payments, click Users along the left, then click Add User. In the popup window, enter the new user's name, phone number, and email. Either the phone or email can be used for signing in. Click Invite to let them know they’ve been added to the account. When they receive the invitation email, they should click the link. For their first login, they need to enter either the email or phone number for their account, then click Continue.
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06: Workers’ Comp: Calculating and Paying PremiumsWith Monthly Self Reporting, we’ll need to calculate your premiums each month so that we can pay your carrier the right amount. What you'll need: A list of all your workers, their pay, their hours worked, the class codes they are assigned and a calculator or spreadsheet program. What counts as payroll for calculating premiums The first step is to figure out what counts towards your total payroll number each month.