Reliable Premium Management

What Reliable Premium Management does

Reliable Premium Management (RPM) is a privately held, Minnesota-based financial technology and services company that operates a Pay As You Go (PAYGO) workers' compensation premium management platform. The company connects directly with policyholders' payroll systems and insurance carrier billing platforms to calculate, collect, and remit workers' comp premiums on a per-pay-period basis using actual wages, replacing annual estimated premiums with real-time billing. RPM has processed more than 1 million real-time premium calculations and works with 100+ insurance carriers, 2,000+ insurance agents and brokers, and integrations with every major payroll provider including ADP, Gusto, QuickBooks, Paychex, Rippling, Square Payroll, Toast, and OnPay. The company employs 11-50 people and reports an 85% women team composition.

RPM monetizes primarily through a per-pay-period administrative fee averaging $20, supplemented by a one-time $100 setup fee, seasonal monthly fees for non-payrolling accounts, and credit card convenience fees. Its secondary Audit Reviews product provides reconciliation, carrier communication, and dispute resolution support and is bundled with the core PAYGO service. The product portfolio is organized around two pillars: PAYGO for ongoing premium calculation and remittance, and Audit Reviews for year-end reconciliation, with the entire stack delivered as a fully managed service rather than a self-serve SaaS. The company's competitive differentiation rests on being a neutral, independent intermediary that works with any agent, any carrier, and any payroll provider, combined with human-led customer support and 15+ years of operational experience in the workers' comp billing workflow.

RPM is organized as a Minnesota LLC, has been bootstrapped without disclosed institutional funding, and is led by CEO Henrique de Freitas. The company serves four customer personas (business owners/policyholders, insurance agents/brokers, insurance carriers, and payroll providers) across all 50 US states, with its longest-tenured strategic partnership being a 15+ year relationship with AmTrust Workers' Comp.

Name

Reliable Premium Management

Legal name

Reliable Premium Management LLC

Website

https://reliablepremium.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

Reliable Premium Management operates a Pay As You Go workers' compensation premium management platform that integrates with major payroll systems and 100+ insurance carriers to calculate, collect, and remit premiums per pay period for SMB policyholders, agents, carriers, and payroll providers across the United States.

Ownership category

akta.pro rank

Product category

Workers' Compensation Premium Management

NAICS

Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Workers’ Compensation for Small Business & Pay-As-You-Go Programs (FSAJAEAG)

Keywords

• Pay-as-you-go workers comp
• Payroll-based premium billing
• Workers compensation audit support
• Insurance premium management
• Payroll carrier integration

Headquarters

HQ city

Waite Park

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Per Pay Period Administrative Fee: RPM charges a flat fee per payroll run (weekly, biweekly, or monthly). Average cost is approximately $20 per pay period. This is the primary recurring revenue stream.
2. One-time Setup Fee: One-time initial setup fee of $100 for new policyholders onboarding to the service
3. Seasonal Business Monthly Fee: Monthly fee for seasonal businesses not running payroll to maintain service and keep policy compliant with insurance carrier requirements
4. Credit Card Convenience Fee: Payment processing fee for policyholders who prefer to pay via credit card
5. Account Reconnection Fee: Fee charged when RPM access to payroll or policy information has been interrupted, requiring reconnection efforts
6. Premium Billing Services (Free for Agents/Carriers): Free premium billing, payroll coordination, and audit support services provided to insurance agents and carriers at no additional cost - used to drive policyholder adoption

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

Reliable Premium Management provides a fully managed Pay As You Go (PAYGO) service that calculates and remits workers' compensation insurance premiums to carriers each pay period based on real-time payroll data. The service integrates directly with major payroll providers and 100+ insurance carriers, eliminating the need for large upfront premium deposits and replacing estimated annual billing with per-pay-period actual-wage billing, accompanied by year-round audit review and dispute support.

Product overview

Reliable Premium Management (RPM) offers a unified workers' compensation premium management platform centered around two integrated services: Pay As You Go (PAYGO) for real-time premium billing and Audit Reviews for audit support. The PAYGO service calculates premiums based on actual payroll each pay period and handles collection and remittance to insurance carriers. The Audit Reviews service provides year-round audit preparation, payroll verification, carrier communication, and dispute resolution support. Together, these services serve business owners/policyholders, insurance agents/brokers, insurance carriers, and payroll providers across 100+ carrier integrations.

Differentiator

Problem solved

Functional benefit

Products and services

• Pay As You Go (PAYGO)
• Audit Reviews

Quantifiable outcome

• 1 million+ real-time premium calculations completed nationwide
• +3 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and flagship.

• ADPcoreTechnology or IntegrationPayroll provider integration partner. RPM connects directly with ADP payroll systems to automatically receive payroll reports and calculate workers' comp premiums based on actual wages paid each pay period.
• GustocoreTechnology or IntegrationPayroll provider integration partner. RPM connects directly with Gusto payroll systems to automatically receive payroll reports and calculate workers' comp premiums based on actual wages paid each pay period.
• Intuit QuickBookscoreTechnology or IntegrationPayroll provider integration partner. RPM connects directly with QuickBooks payroll systems to automatically receive payroll reports and calculate workers' comp premiums based on actual wages paid each pay period.
• PaychexcoreTechnology or IntegrationPayroll provider integration partner. RPM connects directly with Paychex payroll systems to automatically receive payroll reports and calculate workers' comp premiums based on actual wages paid each pay period.
• RipplingcoreTechnology or IntegrationPayroll provider integration partner. RPM connects directly with Rippling payroll systems to automatically receive payroll reports and calculate workers' comp premiums based on actual wages paid each pay period.
• Square PayrollcoreTechnology or IntegrationPayroll provider integration partner. RPM connects directly with Square Payroll systems to automatically receive payroll reports and calculate workers' comp premiums based on actual wages paid each pay period.
• ToastcoreTechnology or IntegrationPayroll provider integration partner. RPM connects directly with Toast payroll systems to automatically receive payroll reports and calculate workers' comp premiums based on actual wages paid each pay period.
• OnPaycoreTechnology or IntegrationPayroll provider integration partner. RPM connects directly with OnPay payroll systems to automatically receive payroll reports and calculate workers' comp premiums based on actual wages paid each pay period.
• AmTrust Workers' CompflagshipStrategic or Co-development Partner15+ year strategic partnership. AmTrust uses RPM as their preferred Pay As You Go solution, recommending RPM to policyholders. RPM handles premium billing, payroll coordination, and audit support for AmTrust workers' comp policies.
• Beacon Aviation Insurance ServicescoreChannel Partner/ Reseller/ DistributorInsurance agency partner that uses and recommends RPM for workers' comp payment processing. Has been using RPM for over 15 years and recommends RPM as the preferred premium payment method.

Scale indicators9 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• AP Intego: AP Intego is one of the largest independent Pay-As-You-Go workers' compensation premium management providers in the U.S., integrating payroll data with carrier billing in a model nearly identical to RPM. It is the closest direct competitor.

Broad incumbents

• Pie Insurance: Pie Insurance is a workers' comp insurtech carrier that issues policies directly and offers payroll-based billing to small businesses, overlapping with RPM's target market and PAYGO billing concept.
• Next Insurance: Next Insurance is a digital small-business insurer offering workers' comp and other commercial lines with embedded billing, competing for the same SMB policyholders that RPM serves.
• The Hartford: The Hartford is a major U.S. workers' comp carrier that has invested in PAYGO-style billing capabilities for its agents and policyholders, competing indirectly with RPM's carrier-side value proposition.
• AmTrust Financial Services: AmTrust is a leading workers' comp carrier and RPM's flagship 15+ year partner; it overlaps with RPM in serving the same agents and policyholders and could evolve its own PAYGO capabilities.

Others

• Vertafore: Vertafore provides insurance technology to agents and carriers, including workflow tools for commercial lines; it is an ecosystem participant adjacent to RPM's workers' comp premium billing workflow.
• Paychex: Paychex is a major payroll and HR provider that partners with RPM but also offers workers' comp insurance and PAYGO-style services to its SMB clients, making it both a channel partner and adjacent competitor.
• ADP Workforce Now (Integrated Pay): ADP is one of RPM's core payroll integration partners; its size and customer base mean it could expand its own workers' comp billing offering, making it both a critical partner and a potential competitor.
• Applied Systems: Applied Systems is a leading insurance agency management software provider whose platform sits between agents and carriers, adjacent to RPM's agent-and-carrier billing intermediary model.

Emerging players

• Stride (formerly Sanvello/Stride Health): Stride is a benefits and insurance platform targeting self-employed and small-business workers, including workers' comp offerings with payroll-based pricing, partially overlapping with RPM's SMB segment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/reliablepremium
• Xx.com/Reliablepremium
• Facebookfacebook.com/ReliablePremium
• LinkedInlinkedin.com/company/reliable-premium-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Reliable Premium Management