Workers Compensation Solutions

Professional Employer Organizations (PEOs)

Professional employer organizations (PEOs) enable staffing companies to cost-effectively outsource human resource management including workers’ comp. This allows your staffing firm to concentrate on the operational and revenue-producing side of its operations. Click here to learn more.

Employer of Record (EORs)

An Employer of Record/ EOR is different than the State Fund  because an EOR covers the employees for work comp AND processes their payroll (and pays all payroll taxes and manages their  HR) on a “pay as you go” basis. Also in an EOR arrangement, the employees are 100% the legal responsibility of the EOR. Conversely, with a State  Fund comp program for example, the employees are 100% the responsibility and liability of the company owner. Click here to learn more.

Direct Insurer or Private Carrier

This workers compensation option is usually only for companies with good workers’ comp loss history, at least 3 years in business, and generate premiums of at least $25,000 a year. Some leading insurance companies and markets that offer direct policies to staffing companies include AIG, ULLICO, Guaranty, Travelers, Liberty Mutual, Berkshire Hathaway and Pinnacol. As a result of selecting better staffing companies, their rates are usually lower than a PEO or EOR, and much less expensive than the state funds. Click here to learn more.

State Sponsored Fund aka Assigned Risk Pools

A state-sponsored work comp policy —frequently referred to as the “State Fund or State Pool” in many states–pays benefits to workers who become injured or disabled in the course of their employment. All states require employers to cover the cost of work related injuries or illnesses, but not all employers can get their coverage through a private carrier, PEO’s, EOR’s or other work comp programs. Click here to learn more.

Large Accounts ($250k+ in annual premium)

Greater flexibility with premium payments and:

  • Customized Risk Management Program design and execution

  • Greater attention from carrier

  • Lower work comp rates

  • Possible tax savings

  • Most appropriate for light and heavy industrial codes.

  • Applicable for PEO/EOR/ Private Carrier and State Fund comp programs

Contact our team to learn more.