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PEO – Professional Employer Organization
Hiring a PEO is the best way to reduce the burden of administrative tasks so you can focus on more important things at hand.
Why do so many businesses rely on a PEO? As a business owner, you know that time is money. However, you may also find yourself completing administrative projects that eat away all of your spare time.
Instead of focusing on growing your company, you end up worrying about Professional Employer Organization or managing a workers’ comp claim. Not only are these duties stressful, but they also prevent you from using your energy elsewhere. Now imagine if you could trust someone else to handle these tasks for you. Here at Coastal Work Comp Brokers, we want to do just that. Our firm provides services to small- and medium-sized businesses across a variety of sectors.
Why do so many businesses rely on a PEO? As a business owner, you know that time is money. However, you may also find yourself completing administrative projects that eat away all of your spare time.
Instead of focusing on growing your company, you end up worrying about Professional Employer Organization or managing a workers’ comp claim. Not only are these duties stressful, but they also prevent you from using your energy elsewhere. Now imagine if you could trust someone else to handle these tasks for you. Here at Coastal Work Comp Brokers, we want to do just that. Our firm provides services to small- and medium-sized businesses across a variety of sectors.
Compensation Coverage
What PEO Means?
Here are some of the most requested services a PEO may provide a small business:
- Workers’ compensation insurance
- Payroll processing
- Employee benefits
- HR services
- Risk management
Insurance Options for Smaller Companies
Buying insurance isn’t always easy. And if you work in a high-risk field, it may seem impossible. Private insurance companies exist solely to turn a profit. If an insurer thinks your company is too risky, they will choose not to insure you. Even if you manage to find a policy through a private company, you’ll probably pay outrageous premiums.
State Fund provides insurance options to those who cannot get it otherwise. The government has to cover you even with a high-mod rating or a non-renewal on record. However, don’t expect to find a good deal. State Fund premiums tend to be the highest on the market. Most companies only use them as a last resort. PEOs are a great option if you can’t find affordable private insurance and don’t want to deal with the State Fund. And when it comes to obtaining workers’ comp coverage, you may be able to save a small fortune.
State Fund provides insurance options to those who cannot get it otherwise. The government has to cover you even with a high-mod rating or a non-renewal on record. However, don’t expect to find a good deal. State Fund premiums tend to be the highest on the market. Most companies only use them as a last resort. PEOs are a great option if you can’t find affordable private insurance and don’t want to deal with the State Fund. And when it comes to obtaining workers’ comp coverage, you may be able to save a small fortune.
PEO – Professional Employer Organization
Hiring a PEO is the best way to reduce the burden of administrative tasks so you can focus on more important things at hand.
Why do so many businesses rely on a PEO? As a business owner, you know that time is money. However, you may also find yourself completing administrative projects that eat away all of your spare time.
Instead of focusing on growing your company, you end up worrying about Professional Employer Organization or managing a workers’ comp claim. Not only are these duties stressful, but they also prevent you from using your energy elsewhere. Now imagine if you could trust someone else to handle these tasks for you. Here at Coastal Work Comp Brokers, we want to do just that. Our firm provides services to small- and medium-sized businesses across a variety of sectors.
Why do so many businesses rely on a PEO? As a business owner, you know that time is money. However, you may also find yourself completing administrative projects that eat away all of your spare time.
Instead of focusing on growing your company, you end up worrying about Professional Employer Organization or managing a workers’ comp claim. Not only are these duties stressful, but they also prevent you from using your energy elsewhere. Now imagine if you could trust someone else to handle these tasks for you. Here at Coastal Work Comp Brokers, we want to do just that. Our firm provides services to small- and medium-sized businesses across a variety of sectors.
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Get Better Workers' Comp Insurance
Get expert advice on owner exemptions, class codes, state rates, experience modifiers, audits and claims.