pay-as-you-go. lower rates. no audits.
Every company that has employees is required by law to have Workers' Compensation Insurance, so it's vital that your employees are classified correctly and that you have the correct coverage in place. Professional Employer Organizations (PEOs) help small businesses accomplish this and more.
Reduced Workers' Comp Rates
PEOs bring you access to reduced rates on Workers' Compensation insurance. A PEO combines all of their client companies; as a result, their workers' comp rates are significantly reduced.
Pay as You Go
In a PEO your Workers' Compensation cost is calculated based on your exact number of employees at each payroll, not an annual average. This eliminates you owing money at year end because you've already paid the exact amount owed.
Audits and Claims Management
Being in a PEO eliminates your having to deal with yearend Workers' Compensation audits as well as the paperwork headaches of claims. Leaving you more time to actually run your business, not just put out paperwork fires.