Hourly

Situation: The workers' compensation process is often burdensome, particularly for businesses with hourly workers, due to the complexities of accurately tracking work hours, assessing workplace injuries, and ensuring compliance with varying state regulations. This complexity can lead to administrative inefficiencies, financial discrepancies, and potential disputes.

Solution: Hourly addresses these challenges by integrating real-time payroll data with workers' compensation insurance. Leveraging AI, the platform automates premium calculations, streamlines claims processing, and minimizes errors. This results in more accurate injury assessments, reduced administrative burdens, and a significant decrease in the likelihood of disputes, making the workers' compensation process more efficient and cost-effective.

Market: The workers' compensation insurance market is a critical and substantial sector in the U.S., valued at $55 billion in 2022. As a mandatory requirement for nearly all U.S. employers, the market presents significant opportunities, particularly for innovative solutions like Hourly that cater to the unique needs of the hourly workforce.