The option to pay your premium by instalments depends on your basic tariff premium.
If you have a basic tariff
premium of more than $1,000 and less than or equal to $5,000, you have the
option of paying your initial premium in quarterly instalments.
If you have a basic tariff premium of more than $5,000, you have the option of paying your initial premium in monthly or quarterly instalments.
Your insurance agent will provide a schedule of instalments with your renewal/premium calculation notice.
If you miss an instalment or are having difficulty paying your premium you should
immediately contact your insurance agent to discuss the payment options
Insurance agents can charge employers a late payment fee which is compounded monthly on the outstanding balance at the end of each month.