PEO Work Comp Administration - Risk Management

One of the least promoted yet extremely valuable services to the client business is the risk management provided by the PEO in the areas of workers' compensation insurance and unemployment. PEOs aggressively manage claims in both areas. Why? Because a work comp or unemployment claim goes against the PEO's experience and could affect its ability to compete. This is one of the greatest benefits of the co-employer relationship. Imagine a construction company with 10 employees that incurs a $200,000 work comp claim . The owner does not have the resources to manage this claim and it goes against the company's experience. This, in turn, raises the work comp rates to a point that could literally drive that company out of business. A PEO, on the other hand, has a department that will manage this claim, working to find a quick resolution. These efforts will inevitably result in a much lower claim cost. Get more information about Workers Compensation Resources in your state.

Claims review and administration

Safety plan creation, administration and training

Report and documents accidents

Work Comp billing reconciliation

Safety audits and reviews

OSHA Compliance

Annual policy cost reviews

Dividend plan reviews and audits

NCCI

mod rate reviews

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StaffMarket works with 453 PEOs with over $24 Billion in annual sales. Join over 110,000 businesses and 1,645,000 employees who are getting quality services and benefits with a StaffMarket PEO.

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Spotlight PEO for
Saturday, May 26, 2012:
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5/24/2012
Oklahoma Based Accord HR Acquired by Trinet
Well known Oklahoma based PEO sells to Trinet

5/22/2012
PEO Industry Members Promote Small Business Efficiency Act (SBEA)
PEO Industry Members Promote Small Business Efficiency Act (SBEA). PEO industry leadership group goes to capital hill seeking favorable legislation.

5/16/2012
Is your business leaking money?
Good information about how business owners can put costs under the microscope and how outsourcing to a PEO can help.

1/17/2012
Administrative Concepts Sells PEO Operation
Administrative Concepts (ACC) a long time PEO in Florida has sold its operation to Progressive Employer Management Company (PEMCO) a Professional Employer Organization located in Sarasota Florida.

1/6/2012
Employee Leasing Solutions Sold
One of the founders of the employee leasing industry, William Mullis has sold his company, Employee Leasing Solutions to a new employee leasing company named Workforce Business Services.

12/8/2011
Eight US States Increase Minimum Wage Rates for 2012
Eight US States have new minimum wage rates for 2012. Arizona, Colorado, Florida, Montana, Ohio, Oregon, Vermont and Washington have new minimum wage rates effective January 1, 2012.

12/5/2011
Chiropractors Explore Alternate Staffing Arrangements
Article discusses the challenges faced by medical organizations when staffing to meet their business needs. Contract labor, staffing companies and Professional Employer Organizations offer options that come with differing employer responsibilities.