Are PEOs Safe for Clients to Use?
For your clients in high-risk industries like manufacturing or healthcare, a professional employer organization can be a great solution! A professional employer organization, or PEO, is an organization that takes over certain tasks for your clients, such as handling payroll, HR, and finding the best Workers’ Compensation coverage to protect their business and employees. But while PEOs have many benefits, your clients might have some concerns and questions about working with a PEO.
For example, they might wonder: is it safe for their high-risk business to work with a PEO?
At PEO Insurance Brokers Network, we know it can be difficult for your clients to hand over the responsibility for important tasks like Workers’ Compensation and payroll. Working with a PEO means putting their trust in someone else to oversee critical tasks, and your clients want—and need— a PEO who will help their high-risk business, not add more worries to their day. This is why we take steps to ensure the safety of your clients, including a diligent vetting process for all PEOs in our network. We ensure that all PEOs in our network are:
- Financially stable
- Have large deductibles
- Have collateral help by the carrier
Additionally, the PEOs in our network are regularly audited, with calls for replenishment as needed. By taking steps like these, we work to make sure your clients can feel safe and confident with their PEOs.
At PEO Insurance Brokers Network, we work directly with insurance agents and PEOs, and will put our knowledge to work to find the best fit for your high-risk clients. We provide Workers’ Compensation coverage to businesses in need, no matter the risk, and will help you find the best PEO coverage and savings for your clients in high-risk industries like manufacturing, roofing, transportation, temporary staffing, and more.
To learn how we can help you find the right coverage for your high-risk industry clients, please reach out to receive a quote.
