Basics of PEO Co-Employment
Partnering with a professional employer organization (PEO) can have many benefits for your clients, especially those in high-risk industries like construction, tree trimming, and roofing. However, your clients might have many questions about the structure and benefits of a PEO, especially when it comes to the concept of co-employment.
A PEO is an organization that handles employment-related tasks. The PEO does this by becoming a co-employer of your client’s business, which means the PEO and your client both share some responsibilities of running the business. For example, the PEO might take responsibility on tasks like:
- Payroll
- Human resources
- Benefits administration
- Workers’ Compensation coverage
While the PEO handles key tasks like these, your client will still retain control over day-to-day operations at their business. With a PEO, your client will still be able to hire and fire their employees, and will keep control over their business while still receiving help on other tasks.
For high-risk clients who need extra assistance around their business, a PEO can be a great solution. By taking over core tasks like payroll and HR, PEOs give your clients more time to focus on running and growing their businesses. With a PEO, your clients can also save money, reduce their risk of workplace accidents, and gain access to stronger Workers’ Compensation coverage options.
At PEO Insurance Brokers Network, we’re ready to help your clients find the best PEO fit. 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.
