Premium Administration Services 

For Agents

  • No Cost
  • Easy 1-time set up
  • Greater retention of policy holders
  • Hassle-free benefits and appeal to employers
  • Live customer support via chat, email, and phone

For Policy Holders

  • Low Cost
  • ‘Set it and forget it’ billing
  • No bill, no checks to write
  • Deductions mirror payroll for added ease and convenience
  • No change in policy or payments if you change jobs

For Carriers

  • No Cost
  • Monthly payments
  • Same day payments processed online
  • Detailed reconciliation sent with payments¬†
  • Greater retention of policy holders and clients

How It Works

Single Source Billing and Fees

OBS administers weekly, bi-weekly, or semi-monthly payment, covering multiple policies across multiple carriers, with a minimal¬† administrative fee. The fee covers all account administration, premium reconciliation, remittance to multiple carriers, and reporting. The fee is paid by the policy holder and is disclosed on the OBS Deduction Authorization Agreement. Fees are pro-rated depending on the deduction frequency, matching the policy holder’s pay cycle/ Fees each payroll frequency are listed below:

  • Weekly (52 pay cycles per year) – $1.75* per pay cycle
  • Bi-weekly (26 pay cycles per year) – $3.50* per pay cycle


Years in the Business

Started in Falmouth, Massachusetts by our CEO Douglas Snowman

Happy Clients

Including X, X, and many more

Support Staff

Our dedicated insurance experts are here to help you

How OBS’ Payment Method Differs From Traditional Payroll Deductions

With traditional payroll deduction, premiums are collected within the payroll system. Premium deductions are subtracted from the gross pay in determining the net pay. The employer must hold the premium deductions in an internal general ledger account until it is time to pay the bill. The employer is expected to manage the bill including all payments, reconciliation, terminations, etc. When employees terminate employment, the employer has to contact the insurance carrier, to remove the employee from the bill.

OBS can manage each step of the premium administration process, eliminating the employer’s responsibility altogether. We collect the premium, reconcile and pay all invoices, process changes and terminations, and contact the employees and carriers as needed. Also, most coverage is portable, so policies and payments can remain active, regardless of employee terminations or status changes.

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