| "body"> | | | | They'll look at your whole history and many times |
| If you're like most employers in today's economy, | | | | offer you a significant decrease in rates so you don't |
| you're probably searching for business related costs | | | | have to be trapped - or suffer through years of |
| to cut back - starting with those that least effect | | | | paying additional premiums. |
| your day-to-day operations. For many employers | | | | 4. No state expense fees - How annoying is it to see |
| workers' compensation costs can be the most | | | | on your policy terms every year a few hundred |
| expensive part of running their business. | | | | bucks (sometimes more) charged to you from the |
| What many employers don't realize (but are quickly | | | | state, for the privilege of having insurance! Most |
| finding out) is that there is a better, less expensive | | | | employee leasing companies charge absolutely nothing |
| way to purchase workers' compensation insurance, | | | | to get started. No terrorism fees, state expense |
| than the old traditional method. Employee leasing, aka | | | | costs - nothing! |
| - PEO services offer you benefits and advantages | | | | 5. Claims management - Have you ever had an |
| the voluntary market cannot. Here are just a few. | | | | employee file a fraudulent work comp claim against |
| 1. Upfront deposits - Unlike traditional policies where a | | | | you? If you have, you know how frustrating it is to |
| 20-30% deposit is required to start your policy, many | | | | get someone to act and sit back why the con |
| employee leasing companies offer no money down - | | | | cashes in. Traditional carrier's claims management and |
| pay as you go plans. The upfront costs of getting a | | | | investigation of fraudulent claims can be weak at |
| business off the ground can be staggering. The cash | | | | best, since you're the one who will ultimately pay |
| flow advantage of a no-money down plan can save | | | | more. The employee leasing company has more |
| enable you to keep thousands of dollars. | | | | incentive to follow-up, communicate and close claims |
| 2. Discounted rates - Imagine paying 50% less on | | | | as soon as possible - it's their policy too! |
| your workers' compensation insurance than the state | | | | 6. Time from dealing with audits - Dealing with work |
| rate. How much more competitive would that make | | | | comp audits is both time-consuming and frustrating. A |
| you over your competition. Typical savings average | | | | process that sometimes never makes sense. When |
| around 22% but bigger savings are common in states | | | | you're bundling the services of payroll and workers' |
| with a high percentage of employers in assigned risk | | | | compensation with an employee leasing company, the |
| pools and soaring work comp rates. Because an | | | | insurance premiums are deducted and precisely |
| employee leasing company is purchasing insurance for | | | | audited each period so you'll never hear the word - |
| so many employers - the difference in costs can be | | | | audit. You'll also never worry about an unexpected |
| dramatic. | | | | premium bill. |
| 3. High Experience modifier (e-mod) - If you've had a | | | | 7. No cancellation penalties or fees - With a pay as |
| few workers' comp claims that have triggered an | | | | you go workers' compensation plan, there's never a |
| increase in your experience rating - an employee | | | | need for back audits or cancellation penalties. If you |
| leasing company could potential save you thousands | | | | hit the lottery, sell your business or would even have |
| of dollars. An employee leasing company doesn't | | | | to close shop for an unexpected reason, pay as you |
| have to follow the voluntary markets procedure of | | | | go means just that - when you're done you're done! |
| utilizing your rating, where the rate - is the rate. | | | | |