Insurance is a requirement once you have employees. It starts with workers’ compensation coverage, and then it grows from there to things like health insurance benefits and other kinds of coverage. You need an HR expert on your side to implement and administer these services, and NetPEO can connect you with an entire team.
Partnering with a Florida PEO can help you add insurance benefits to your business that you couldn’t get on your own. The unique co-employment relationship lets PEOs get better and cheaper coverage for you and your employees.
Which Insurance Services Can I Get From a Florida PEO?
A PEO can help your business gain access to any insurance benefit out there on the market that you need. Benefits administration and insurance services are one reason small and medium-sized businesses partner with PEOs. Some benefits we can help you get include:
Group Health Insurance
One of the most important reasons for employees to stick with a company is good health insurance. It’s often the first benefit they’ll ask about. You can also get connected to the group plan and drop expensive individual insurance once it’s active.
Group health insurance plans can also include dental and vision insurance policies. Standard insurance plans don’t always cover these, but they’re an important part of maintaining the health and happiness of your workers.
Workers’ Compensation Insurance
Unlike health insurance, workers’ compensation insurance is not something you can ignore. If you do not have the required coverage and an employee gets injured or even makes a complaint to the government, you can face serious civil and criminal penalties.
One of the first things a PEO will do with a new small business is to check their workers’ compensation insurance coverage and compliance. If you don’t have coverage, speak with NetPEO immediately so we can help your business get workers’ compensation coverage.
As an employer, you have a direct responsibility for the welfare of your workers. If a third party injures your workers, the injured worker can still sue you. Liability insurance covers these cases. It keeps you out of court and keeps your company in business.
Life and Disability Insurance
A workplace accident or illness can kill or disable a worker. If your business is one with a lot of dangers, you can get life and disability insurance for your business. This may be part of your workers’ compensation insurance, but extra insurance can protect you should your company get sued for wrongful death by the surviving family.
Digging through the insurance market, answering employee questions about policies, and keeping up with premiums and regulations takes precious time out of your day. When you work with a PEO, all of that gets handled by them so you and your workers can focus on growing the business.
Small Business Insurance is Expensive Alone
Did you know that the average health insurance premium increases by 4% each year? Business owners need to use every advantage they can to keep prices down without compromising on the value of their insurance.
Employees are also asking employers to take on more of the burden of health insurance premiums. So how do small businesses handle the rising costs? The easiest way is to work with a PEO.
PEOs can get you access to more, better, and cheaper insurance options. Group health insurance and other insurance plans are affordable when you work with our PEO insurance services. Call for a free quote to learn more.
What Else Can a PEO Do for My Company?
PEO relationships can be quite flexible. Some businesses use NetPEO to find a Florida PEO that only handles insurance services, but they can be used for the entire range of HR and payroll tasks. You can hire a PEO to help you with things like:
- Payroll and tax compliance
- Policy creation
- Risk management
- Benefits administration
- Onboarding and training
- Regulatory compliance
These tasks are necessary as businesses get bigger, but you don’t have to be the one stuck doing them or have to hire a full-time HR or payroll staff member to handle them. PEOs put a team of HR and payroll professionals at your fingertips.
Also, PEOs are an improvement over traditional outsourcing because you get the benefits of the co-employment relationship. You’ll get better deals on benefits and insurance working with a PEO, and they’ll have a much larger stake in ensuring your business grows. An outsourced employee could leave you anytime!
How NetPEO Helps Companies Find PEOs
NetPEO isn’t only a PEO. We’re also a PEO broker. We help connect businesses in need of professional employees to qualified PEOs across the country. Our network is among the largest and most diverse in the nation.
After learning about your company’s needs, we connect you with a PEO in your area that has the experience you need to meet them. This goes beyond just offering the services you want. PEOs can specialize in different business sizes and industries with different regulatory requirements.
Once you’ve found the PEO that works for you, NetPEO will check in with you regularly to make sure they’re meeting your needs and give feedback to your PEO on how to improve. If you decide your PEO is not right for you, NetPEO can help you transition to a new PEO with a new contract.
Insure Your Workers with the Help of Our Florida PEOs
Your employees demand insurance coverage, but you don’t have to find and administer plans yourself. NetPEO’s network of Florida professional employer organizations can help your company get the insurance coverage you need at rates you can afford.
For a free quote and consultation, contact NetPEO at the number on your screen or contact us online through our contact page.