A professional employer organization (PEO) allows you to outsource various employee resources to another company through a practice known as co-employment. PEO insurance covers benefits such as workers’ comp and fiduciary liability. However, before you commit to any PEO firm, there are certain questions to ask in order to make sure that they are right for you.
What are Your References?
Speaking with past clients of the PEO is an excellent way to see what kind of work they have done in the past. You can be confident the views you are getting are not filtered in any way, and it will allow you to make a more informed decision.
What Employee Benefits are Available?
Numerous services can be offered by a PEO, so you want to be certain that they offer exactly what you need. You should never compromise when it comes to the well-being of your employees, so make sure you get all the benefits and liabilities you need.
Are You Accredited by ESAC?
The Employer Services Assurance Corporation (ESAC) sets forth strict standards that every PEO should meet. If the PEO you are talking to is not accredited, then that is a very clear sign they are not right for you.
PEO insurance can make handling an employee’s benefits so much easier. By choosing the right PEO for your company, you will be making everything a lot easier.