Why PEOs Need Employee Benefits Liability Insurance
Professional employer organizations, or PEOs, have unique insurance needs. PEO insurance packages should include appropriate Employee Benefits Liability Insurance. Employee Benefits Liability Insurance protects staffing agencies against claims of errors or omissions of employee benefits. What Types of Errors and Omissions Are Covered? Employee Benefits Liability generally covers claims resulting from omissions and errors in: Explaining benefit plans and eligibility to employees and their eligible family members Enrolling and maintaining employees and their eligible family members in benefit plans Maintaining…
