Professional Employer Organization (PEO) is a company that establishes a contractual arrangement with a client company to share responsibility and liabilities for an account.

It is a contractual relationship with the PEO the account’s employees basically there exists a co-employment relationship in which both the PEO and the account have an employment relationship with the employee.

Why use a PEO? SAVE $$$$$$$

The PEO basically is the "administrative employer", while the account is the "job-site employer". In this arrangement the PEO and the account share some responsibilities and liabilities.

Most business owners do not generally adequate time to devote to human resource and risk management training, developing accounting skills, obtain and maintain current regulatory compliance, and learn the complexities of commercial insurance and employee benefit programs.

A PEO brings comprehensive solutions to these and other complex issues facing a business owner. This allows the owner or manager to focus on the productive and profitable side of the business.

Here are some of the benefits of using a PEO:

NO PREMIUM DOWN PAYMENTS – Pay as you are billed as your paychecks are issued.
Comply with state and federal laws and government regulations
Provide professional safety and risk management services
Professional human resource services including employee applications, handbooks, policies and procedures, and forms
Reduce accounting costs
Track work-related injuries and provide claims management for workers' compensation and unemployment insurance
NO PREMIUM AUDITS

Note: Because both companies have different programs and services so if you are interested please call us with questions.

WE currently have two such companies however both carriers require they handle the payroll service!!

If you have any question please contact:

Phyllis Eddings - Peddings@theinsurancelink.com

Charlie Link - Charlie@theinsurancelink.com

Bill Hoover - Whoover@theinsurancelink.com

AGENTS: The following classes fit the PEO profile really well !!

0106 Tree Service

3041 Iron Works

3365 Welding or Cutting

5037 Painting Bridges

5040 Steel Erection

5213 Concrete Construction

5222 Erectors

5403 Carpentry NOC

5539 Roofing

5539 Sheet Metal Worker

6306 Sewer

6400 Fence Erection

5645 Carpentry – Dwellings – Detached One or Two-Family Dwellings

5651 Carpentry – Dwellings – Three Stories or less

6204 Fiber Optic Installation

5474 Painting NOC & Shop Operations

Submission Requirements:

Completed Acords Including
3 to 5 years of currently valued loss information
Customers State Unemployment Rate(s) if multi state (SUTA

WHAT WE NEED TO GET A QUICK QUOTE

Account is currently in a PEO

Ø Copy of a recent invoice

Ø WC Loss runs for last 5-years will consider quoting on 3-years

Ø NCCI Worksheet if available’

Ø Good description of operations, Web page, Yellow pages ad

Account is currently in standard market

Ø Copy of schedule and information page of current policy

Ø WC loss runs as above

Ø Copy of recent state quarterly unemployment tax report (UCT6)

Ø NCCI Worksheet

Ø Narrative as above

Start Up Company

Ø Resume of the owner and key employees

Ø Narrative of operations on company letterhead or company brochure

In all of the above it will save time and assure a quick quote (48-Hours) standard type classes (72-Hours) tougher classes if the PEO applications are completed.

Please see the applications tab for the PEO application this will expedite the process but they will quote from Acords with the above information.

REMEMBER:

No Down Payment

No AUDIT

Loss Reported to NCCI

Account Loss Runs Available

Pay as you go

Access to Loss Control

Customized safety manual to the client

Better handle on your Employee Costs

COMMISSIONS ARE PAID DIRECT TO YOU FROM THE CARRIER