Save on Workers' Compensation With Employee Leasing Services

Our PEO program provides you with group type workers compensation insurance coverage, which is similar to group health insurance. They have many small companies covered under one policy and their annual premium is in the millions. For a number of reasons, PEO WC rates are lower than individual policy rates and as long as their WC claims do not exceed their premium, their rates should not go up and they should have no problem providing continuous coverage.

To cover you and your workers under their workers compensation insurance policy, they must make you and/or your employees, their employees, at least on paper. (Only “employees” that get a regular paycheck and a W2 can be covered.)

There are 3 things that a PEO needs to know each pay period. The name of each of your workers, the exact type of work they performed, and their gross pay. It’s no fun being an employer in America. It is a nightmare and a headache. Having them take full responsibility for providing you with workers compensation insurance, and producing and delivering your payroll to you as soon as the next day, along with your bill, is really not a bad idea.

You just contact them the day before you want to hand out payroll and give them your payroll information. They will file all payroll related paperwork required by the State and the Federal Government and deliver your W2's at the end of the year. At your request, and at no charge, they will electronically deposit paychecks into your employee's bank account and withdraw funds from your bank account to pay your bill. The process requires no effort on your part.

There are 4 charges on your bill. The amount of your actual gross payroll that you have reported to them, payroll taxes that may be lower than you are currently paying (FICA, FUTA, SUTA), a workers compensation premium for that pay period that may be lower than you are currently paying, and a small administrative fee for their services.

They will immediately send out as many certificates of WC insurance as you request at no charge.

The PEO administrative fee is for all of the services shown below, and by using their workers compensation insurance policy you pay your premium each pay period. You will have no down payment, no finance charge and no audit.

• Workers Compensation: They provide WC coverage, issue WC certificates, prepare & file WC claims, obtain & file medical reports, appear at WC hearings, provide post accident assistance, administer return-to-work programs, do risk assessments and safety program administration
• Payroll: They process and deliver your payroll with complete management reports, make deductions, process wage garnishments, make payroll tax deposits, file quarterly and annual reports, do W-2 forms, and make direct deposits.
• Employee administration: They generate all required government employment forms and maintain employee files for inspection by you or any government agency. They handle employee grievances, disputes, wage & hour issues, all government employee rules and regulations like the New Hire Reporting Act, Fair Labor Standards Act, FMLA, ERISA, EEOC, FMLA, COBRA, ADA, etc. They deal with all human resource issues.
• Unemployment: They process all Federal and State unemployment tax forms and process and respond to all unemployment claims and attend hearings.
• Benefit Administration and Retirement Planning: They do complete benefit administration and retirement planning and assist with you obtaining any employee benefits that you desire.