How a PEO Reduces Costs for Your Temp Staffing Business
A workplace injury is stressful for everyone! While the injured employee may worry about their injury or job security, the employer may also struggle with the financial impact of a workplace injury, especially if they don’t have the proper Workers’ Compensation coverage.
One way to cut down on workplace injuries at your temporary staffing is to work with a professional employer organization, or a PEO. When you partner with a PEO, they’ll offer assistance and support to help you reduce the cost of workplace injuries.
How PEOs Reduce Injury Costs
One of the biggest ways a PEO helps reduce injury costs is by offering access to the best Workers’ Compensation options. When a business partners with a PEO, they gain access to the PEO’s wide network of insurance carriers. This allows them to find affordable, comprehensive Workers’ Compensation coverage to protect their employees after a workplace accident, injury, or illness. This part of a PEO partnership can be especially valuable for businesses in high-risk industries like temporary staffing, as well as businesses with high premiums, high ex-mods, or multi-state risks.
PEOs also provide valuable risk management support. Through tasks like identifying and mitigating risks, a PEO helps business owners address existing risks and prevent future accident or injuries. By reducing the risk of injuries, PEOs help businesses create a stronger culture of workplace safety, protect their employees, and avoid the costs associated with workplace injuries.
Finally, PEOs offer compliance support. In industries like temporary staffing, it can be difficult to keep up with state, federal, and industry-specific regulations. PEOs help businesses stay up-to-date on all laws and requirements, and can assist with tasks like updating employee safety handbooks or employee training protocols.
Ready for a PEO?
If you’re looking to reduce and avoid the cost of workplace injuries, a PEO is a valuable partner. At Work Comp Business Insurance Solutions, we’re ready to help you take the steps toward a safer workplace, and offer a full PEO product to assist you with Workers’ Compensation, risk management, and more.
At Work Comp Business Insurance Solutions, we help temporary staffing business owners find the best Workers’ Compensation and payroll solutions.
