Risk Management with a PEO

Imagine the perfect world, where business owners could eliminate costly workers’ compensation insurance and audits, rid the workplace of all safety hazards, and effortlessly stay in compliance at all times … Unfortunately, so long as there is a dynamic working environment, there is always room for human error, uncontrollable factors, and risk.

However, there is good news. By partnering with a PEO, this burden is lightened in many ways. PEOs help businesses manage their risk more effectively. Through the co-employment relationship, the PEO shares many of the liabilities associated with your business and employees.

Here are some examples of PEO Services that help minimize risk:

• Designing a workplace safety program
• Organizing and conducting safety training
• Creating and distributing safety manuals and resources
• Managing workers’ compensation insurance (and securing better rates, too!)
• Managing claims for employees injured on the job
• Minimizing financial risk through streamlined payroll administration and access to better technologies
• Ensuring your business is in compliance – especially OSHA compliance!
• Managing internal threats such as EPLI claims
• And more!

As you see above, PEO services extend far beyond your basic HR solutions. They have detailed plans to minimize risk and provide increased protection from costly lawsuits and fines. For high risk industries, many PEOs even provide access to “Pay As You Go” workers compensation programs.

Best of all, the PEO relationship delivers peace of mind. With risk management taken care of, you can focus on your core competencies to maintain and grow your bottom line. Call Employer Solutions Plus at 727-698-6207 for a complimentary consultation today. A PEO may be the right solution for you!