A PEO, or Professional Employer Organization is designed to save you time and to help run the more internal issues you might face dealing with employees and government compliance. The truth is, every PEO is the same in some fashion, however there are large differences between every PEO that could affect your business and a smart business owner will research before jumping to a decision if given the opportunity. A PEO is responsible to file your taxes and deal with issues you would otherwise not have time for. Your valuable, your time is valuable, your business is valuable, your PEO should bring value to you.
In short, a PEO writes you under their EIN number and their large premium helps save you substantial amounts on your workers comp rates. The scary part about signing with a PEO is you are getting workers comp insurance but you may not know what you are getting.
There are many ways a PEO handles their Insurance Carrier Situation. What happens if your company only has one insurance company and they go under? You are left in the dark. Make sure you are protected. Choose the right PEO for your business.
Operating with pride and commitment to helping every client we make sure they are always covered. Unlike many, Kymberly Group has multiple rated and unrated insurance carriers. This allows us to sign a majority of the clientele brought to us and get the best workers comp rates on the market.