Are you interested in partnering with a Professional Employer Organization? Also known as a PEO, this type of professional can provide companies like yours with the opportunity to streamline business operations, especially insurance.
If you want to improve your brand’s infrastructure, you might benefit from our Savannah PEO company. At NetPEO, we have over 30 years of experience offering a wide array of Savannah PEO insurance services, and we want to help you manage your company’s insurance benefits.
Types of Insurance Offered Through Savannah PEOs
When you hire us, you will find that we have a variety of insurance options, which we make available to you. In doing so, we can provide businesses like yours with the flexibility to decide which plans suit the needs of your employees the most.
Here are some common insurance options that PEOs might provide:
- Health insurance
- Workers’ compensation insurance
- Unemployment insurance
- Liability and other insurance products
Health Insurance
Health insurance is a benefit most businesses should strive to provide, seeing as many other companies extend it to their employees. With a PEO, we can negotiate better health insurance plans on your behalf because we can pool multiple small businesses together.
Have you ever found yourself wondering, “What are the pros of PEOs for small business health insurance?” With us, you can offer employees access to robust healthcare networks and comprehensive plans that might not be available to your business otherwise.
This includes access to major medical plans, dental coverage, and vision care. Your business may benefit from PEO-managed health insurance programs, which can simplify the administrative side of enrollment, premium payments, and claims management.
Workers’ Compensation Insurance
A service offered by many PEOs is workers’ compensation insurance. In Georgia, businesses are required by law to provide workers’ compensation insurance to their employees. This covers medical expenses and lost wages after a work-related injury.
By partnering with a Savannah PEO, you can gain access to better workers’ compensation rates and benefit from streamlined claims processes. We can handle all things claims management, ensure compliance with regulations, and reduce your administrative burden.
Unemployment Insurance
PEOs can also assist with unemployment insurance. This is yet another mandatory requirement for you. PEOs can help you manage unemployment claims, ensure proper compliance with state regulations, and mitigate the risk of improper claims.
By outsourcing unemployment insurance management, you can reduce the time and resources you spend tracking claims, responding to inquiries, and managing payments.
Liability and Other Insurance Products
In addition to health insurance and workers’ compensation insurance, PEOs may offer other kinds of liability insurance:
- General liability
- Professional liability
- Property insurance
These insurance policies can protect businesses from a number of risks and liabilities. No matter if you are concerned about property damage, third-party claims, or professional errors, PEOs can give you access to comprehensive liability coverage to protect you from unforeseen events.
How PEO Insurance Services Benefit Your Business
Many Savannah PEO insurance services grant business owners like you access to assistance that can help you save valuable resources, namely time and money. Here are some ways a PEO insurance service provider can benefit your company:
- Insight into cost savings
- Access to high-quality plans
- Ability to simplify administration
- Total compliance with state and federal regulations
Insight Into Cost Savings
One of the most significant advantages of partnering with a PEO for insurance services can be the amount of money you save. Your PEO may be able to negotiate with insurance providers to get the most favorable rates.
Your PEO might leverage your collective buying power to secure lower premiums. This allows businesses like yours to offer high-quality insurance benefits to their employees at a fraction of the cost that you would incur if you sourced these plans independently.
Additionally, outsourcing insurance management to a PEO can reduce your administrative expenses related to HR and payroll processing.
Access to High-Quality Plans
For small and mid-sized businesses, high-quality insurance plans can be hard to access. With us as your PEO, we might be able to give your business access to programs that are often only available to larger corporations.
From there, with a much more expansive range of options and better plan features at your fingertips, you can offer competitive benefits that help you attract and retain talented workers. This is especially valuable in industries where employee retention is key to maintaining productivity and business continuity.
Ability to Simplified Administration
Insurance administration can quickly overwhelm HR departments, from handling employee enrollments to managing claims and premium payments. PEOs relieve this administrative burden by providing streamlined services.
That way, it’s easier for you to manage your insurance offers. No matter if you are tracking insurance compliance or ensuring proper claims processes, we can handle the logistics so that you can focus on your core operations.
Total Compliance With State and Federal Regulations
Insurance programs are subject to a host of state and federal regulations, including the Affordable Care Act (ACA), workers’ compensation laws, and unemployment insurance requirements. We can help make sure your business remains compliant at all times.
We understand that compliance with these regulations is a requirement, especially if you want to reduce the risk of paying penalties or fines. We can stay updated on the latest requirements and handle all the necessary paperwork on your behalf.
Why Partner With a Savannah PEO for Insurance Services?
Deciding to partner with a Savannah PEO for insurance services can be a game-changer for many businesses. Let’s take a look at why this is often the case.
Expertise and Industry Knowledge
PEOs are staffed with professionals who specialize in employee benefits, insurance, and compliance. This means that businesses have access to knowledgeable professionals who can help them understand the fine details of insurance policies.
We can help you choose the right coverage for your employees. With us, you don’t have to learn the ins and outs of insurance or benefits administration. Instead, let us handle that for you so that you can make informed decisions.
Improved Employee Satisfaction
Employees who feel secure and protected by their benefits are more likely to remain loyal to their employers. In turn, turnover rates lower the more you focus on fostering a positive work environment. So, when insurance coverage meets your employees’ needs, you will improve overall workplace morale.
Focus on Core Business Functions
Running a business comes with enough challenges before you even consider insurance program management. We can help you offload these responsibilities so that you can free up valuable time and allocate resources elsewhere.
Call for a Savannah PEO Insurance Services Consultation Today
As an employer, do you want to extend insurance benefits to your employees without having to worry about the administrative side of things? When you partner with us at NetPEO, you can rely on us to handle all insurance-related matters for your company’s HR department.
From lower costs across the board and more accessibility to high-quality plans to a simplified administration process, we can also keep your business in compliance with all state and federal regulations. Contact us today to learn more about our company and how we can help your business.
