PEO: The Modern Solution
that Combine Workers’
Comp, Payroll & HR
Employers can focus on their core business functions and outsource admin tasks.
PEO: The Modern Solution
PEO: A Modern Coverage Approach for Smart Businesses
A PEO program, or Professional Employer Organization, is a program that provides comprehensive HR solutions to all size businesses in tough industries.
By partnering with a PEO clients get Workers’ Compensation coverage under the PEO’s master policy as well as outsourcing their HR tasks, including payroll, employee benefits, compliance, and risk management to professionals. The PEO becomes the employer of record for tax and Workers’ Comp purposes, allowing the business to focus on its core operations.
With a PEO, businesses can gain access to better benefits, streamline their HR processes, reduce liability, and improve their overall bottom line. It’s a win-win solution for businesses that want to grow and succeed without worrying about HR-related tasks.
PEO: Welcoming Expansion & Growth
This program is excellent for expanding businesses as new class codes and new coverage states can be added seamlessly. Premium is Pay-As-You-Go allowing clients to pay for coverage based on actual payroll amounts during that pay period. This payment process allows for better cash flow throughout the year opposed to a lump-sum payment.
Key Points and Benefits
- Coverage through “A” Rated master policy
- Clients payroll and tax functions outsources to professionals
- No year-end audits
- Client E-MOD is not used in pricing for Payroll Opt-Out programs
- Pay-As-You-Go payment structure
The Bottom Line
Clients get effective Workers’ Compensation coverage through providers and carriers that understand their industry while taking advantage of outsourcing HR, Payroll and Payroll tax functions to professionals.
