Managing workers’ compensation for your company can place unnecessary burdens on you and your company. From procuring competitive insurance policies to staying on top of regulatory changes, handling workers’ compensation in-house requires significant time and resources.
By partnering with a professional employer organization PEO broker in San Antonio, you can access workers’ compensation services designed specifically for Texas employers by expert HR professionals.
A San Antonio PEO workers’ compensation services can deliver specialized workers’ comp insurance solutions, manage them, and keep you in compliance with regulations—allowing your business to focus on core operations. NetPEO can help you find the perfect San Antonio PEO for your needs.
Why Use a PEO for Workers’ Compensation?
A PEO allows your company to gain the group purchasing power it needs to secure competitive premium rates on workers’ comp policies. By pooling various clients together, San Antonio PEO with insurance services can negotiate with insurance carriers in a way that simply isn’t possible for an individual small business.
This group approach typically results in significant savings on annual workers’ comp premium costs. Working with a San Antonio PEO means you no longer have to worry about administering workers’ comp claims and regulatory compliance.
The PEO acts as the employer of record and assumes responsibility for filing reports, managing claims, and settlements, and ensuring adherence to Texas rules and regulations. Shifting this work to an experienced PEO team removes the administrative headache from your plate.
Your Responsibilities as a San Antonio Business Owner for Workers’ Comp
All businesses operating in San Antonio, no matter their size, are required to carry workers’ compensation insurance. Companies must secure a policy that meets minimum benefit levels established by the Texas Department of Insurance.
Also, employers must register their business with the Texas Workers’ Compensation Commission, properly classify employee job codes, report payroll and premiums each quarter, and keep detailed claims records. Fines can be imposed for lapses in coverage or incomplete paperwork.
Employers also face strict deadlines for reporting injuries, initiating investigations, and filing initial documentation following an incident. Non-compliance with any obligation puts employers at risk of hefty penalties or loss of statutory liability protections.
Consequences of Non-Compliance
First, the employer may be cited by the Texas Department of Insurance for violating state workers’ compensation law. You could be fined daily until you show that your company has coverage, or even face jail time in certain scenarios.
In addition, the business loses a key legal defense should the injured worker file a personal injury lawsuit. Without subscribing to the workers’ comp system, employers forfeit contractual immunity from liability claims. This puts assets like property, equipment, and vehicles at risk of seizure in civil proceedings.
If your employee sues and you lose, you may be ordered to pay out of pocket all medical expenses and missed wages of the affected employee that otherwise would have been paid by the workers’ comp policy. These can amount to hundreds of thousands of dollars, especially in severe injury cases.
PEOs Simplify Workers’ Compensation Compliance
For growing companies especially, it can be difficult to prioritize quality benefits like workers’ compensation alongside daily operations. However, with a San Antonio PEO workers’ compensation services as a co-employment partner, you’ll have a valuable ally who can help you with this required benefit.
By partnering with a PEO, businesses gain an expert resource dedicated to streamlining all aspects of employee benefits administration. For workers’ compensation, this support proves enormously valuable.
Rather than companies handling workers’ comp tasks using in-house resources, the PEO handles these tasks for you. Also, PEOs establish connections with leading carriers and negotiate group rates and programs unavailable to smaller organizations.
Workers’ Compensation Services
By working with a San Antonio PEO workers’ compensation services, San Antonio businesses gain an expert team dedicated to processing workers’ compensation claims keeping your business compliant with regulations. Should an injury occur, the PEO acts swiftly to initiate investigations into the matter and prepare the company for the claim.
With the PEO assuming responsibility as the employer of record for workers’ compensation, San Antonio businesses protect their reputation while gaining fully compliant services and administration support. Risk disappears as the PEO works diligently on their behalf.
Additional workers’ compensation services a San Antonio PEO provides include:
- Transitional work programs, including light-duty jobs.
- Post-incident drug testing.
- Payroll reporting and annual audits.
- Answer employee questions about workers’ comp.
- Compliance with changing labor regulations
- Providing proof of employee safety training
Why Use NetPEO to Find a San Antonio PEO?
Our team has the training and background in San Antonio’s market to know the right PEOs for your industry and needs. We have a nationwide network of PEOs to draw from. If there isn’t a local one that works best, we’ll find one in Texas to help you.
We have one of the highest satisfaction rates in the industry because we monitor how well your PEO works with you over the lifetime of your relationship. If you have a problem with the, let us know and we’ll work to take care of it. We’ll even help you move to a new PEO if your old one isn’t satisfactory.
To get started with getting workers’ compensation services from a San Antonio PEO, contact NetPEO or fill out our online contact form. We’ll schedule a consultation with you to learn about your needs and get you free quotes from PEOs.
