Professional employer organizations (PEOs) are businesses that help small and medium companies focus their efforts and access the comprehensive benefits packages that may only be available to larger size companies. PEOs not only handle your company’s human resources needs but can also get your employees access to insurance coverage and other benefits that they may not have otherwise been able to afford.
One of the top services PEOs offer is insurance packages. This does not only include coverage for unemployment, general liability, or health insurance. You can also set your employees up with protection through a workers’ compensation insurance provider, which will ensure they get their costs covered if they are ever involved in a work-related accident.
Workers’ compensation protection coverage can also help protect businesses from liability and potential lawsuits in the event of a workplace injury. If you are interested in getting workers’ compensation through a PEO provider, do not hesitate to contact NetPEO to discuss your needs and options further.
How NetPEO Insurance Services Help with Workers’ Compensation
When you need to protect your employees but have been unable to find cost-effective options, partnering with a PEO could be your best option. Not only can you improve safety in your workplace and reduce the likelihood of work-related injuries, your outsourced human resources department can handle and resolve any claims that may be filed.
Here are some of the top advantages of having NetPEO match you with a workers’ comp insurance PEO provider:
Pay-as-You-Go Workers’ Compensation Programs from NetPEO
You might be surprised to learn you have to put down a substantial amount of money to get started with your workers’ compensation insurance policy. As a small or medium business owner, these costs can seem impossible. Fortunately, when you partner with a PEO, you can enter a pay-as-you-go agreement.
Here, you will pay your insurance premiums in installments based on your payroll each month. This way, your liability is evenly spread out throughout the year. He will also save money by making payments over time, lowering your upfront expenses, reducing substantial payments, and reducing the risk of late payments and other penalties.
PEO Workers’ Comp for Large Companies
You might be surprised to learn that the bigger the company, the less the workers’ compensation premiums will be. When you work with a PEO, you can dramatically increase the size of your company through our code employment agreement.
This way, you can get your employees extensive and comprehensive workers comp insurance rates at a fraction of the cost. You will be paying significantly less than you would have if you attempted to purchase workers’ comp insurance privately as a small or medium size business owner.
Administration of Workers’ Compensation Claims
One of the most time-consuming aspects surrounding workers’ compensation is dealing with any claims your employees may file. However, when you have a PEO, they handle your administrative and human resources needs. When an employee files a workers’ compensation claim, they will investigate, challenge potential cases of fraud, and ensure employees entitled to workers’ compensation benefits access the financial support they need when they need it most.
Your PEO will ensure claims are addressed quickly and efficiently so you do not wind up paying penalties or costing your employees more in the long run. They will also be ready to conduct drug testing to determine whether your employee was under the influence of drugs or alcohol at the time of the accident. If they were, they may not be entitled to workers’ compensation benefits.
Your PEO will ensure you are in compliance with state and federal workers comp laws and ensure any workers’ compensation claims filed are handled fairly.
Work Environment Safety Audits
Some industries are more dangerous than others. If you hope to protect your company and your employees, it is important to conduct regular workplace safety audits. Here, your PEO will assess the safety and health conditions across your work environment.
Your PEO will identify potential safety hazards, make helpful suggestions to reduce the likelihood of adverse events and ensure your company is ready for any OSHA inspections that could otherwise wind up resulting in sanctions and penalties. Your PEO will review the findings of your work environment safety audit to implement high-quality safety programs and introduce employee safety training so you can lower the likelihood of on-the-job injuries.
Return to Work Programs
When employees begin collecting workers’ compensation benefits, they will generally be able to continue doing so until they are physically capable of returning to work and completing the same job responsibilities as they did prior to their injuries.
Your PEO can help you encourage your employees to come back when the time is right, offer opportunities for light-duty work, and implement return-to-work programs that keep your employee’s health and well-being in mind. Your PEO will be prepared to develop reduced capacity positions, coordinate with your employee’s healthcare providers, and ensure employees are trained accordingly so they can handle their altered job responsibilities.
How to Get Your Workers’ Compensation PEO Services Set Up Today
When you are ready to protect your employees and business, the best way to get started is by contacting NetPEO so you can get matched with the right PEO insurance provider. We will need to carefully evaluate your business needs to ensure you are in compliance with state and federal laws and that your insurance coverage is comprehensive enough to sufficiently meet your employee’s needs.
Protect Your Business and Employees with NetPEO Workers’ Compensation Services
Workers’ compensation protection coverage may not only be required by law, but it can protect her business and employees from liability and financial ruin in the event of a work-related accident. NetPEO will review your company’s needs to determine how much workers comp coverage you need and ensure you are in compliance with state and federal laws.
Our expert PEO workers comp professionals at NetPEO can match you with a provider that will handle the paperwork, ensure you sign up for the right policy, maintain compliance, and handle any workers’ compensation claims or audits that may occur over time. Fill out our quick contact form or call our office to get your workers’ compensation benefits packages set up as soon as today.
