HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford has extended its alliance with Intuit Inc. to offer The Hartford’s XactPAY® workers’ compensation premium payment options to Intuit Online Payroll customers through independent agents. In addition, Intuit Online Payroll and QuickBooks® Payroll users of all size businesses are now eligible to use XactPAY, which was previously only available to smaller businesses.
“Most business owners seek the advice and guidance of an independent agent when purchasing insurance for their companies,” said Donato Monaco, vice president of payroll alliances at The Hartford. “Through this alliance, our 9,000 independent agents are now able to offer a broader spectrum of XactPAY pay-as-you-go premium billing options to their clients.”
With The Hartford’s XactPAY billing options, businesses pay their Hartford workers’ compensation premiums as they run payroll. This eliminates the need for large up-front deposits, minimizes costly audit surprises at the end of the policy period and gives businesses greater flexibility to invest cash in other aspects of their operation throughout the policy term.
”We’re pleased to extend our alliance with The Hartford to offer our Intuit Online Payroll customers who work with independent agents the pay-as-you-go billing option with XactPAY. We see this alliance with The Hartford and their agents as a tremendous benefit to our customers,” said Nora Denzel, senior vice president and general manager of Intuit’s Employee Management Solutions division.
Midsize and larger businesses that have workers’ compensation insurance with The Hartford and use Intuit Online Payroll or QuickBooks Payroll are now eligible to use XactPAY. More than 1 million businesses currently use Intuit Payroll offerings.
For more information about The Hartford’s patent-pending XactPAY payroll billing options, including XactPAY Web Special Edition for QuickBooks, visit www.XactPAY.com. Agents and brokers should contact their Hartford underwriter.
About The Hartford
The Hartford Financial Services Group, Inc. (NYSE: HIG) is a leading provider of insurance and wealth management services for millions of consumers and businesses worldwide. A Fortune 150 company, The Hartford is consistently recognized for its superior service and as one of the world's most ethical companies. More information on the company and its financial performance is available at www.thehartford.com.
HIG-M
Some of the statements in this release may be considered forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward-looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in our Quarterly Reports on Form 10-Q, our 2010 Annual Report on Form 10-K and the other filings we make with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.