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Tag: Peo insurance

Why PEOs Need Employee Benefits Liability Insurance

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…

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A Quick Guide to Directors and Officers Insurance

A Quick Guide to Directors and Officers Insurance

Do you own a staffing agency? Do you have a directors and officers policy as part of your PEO insurance? If not, you could be missing vital protection in case a third party was to name you personally in a lawsuit against your agency. Why It May Be Necessary Numerous people could decide to bring accusations against your agency, including current or former employees, creditors, competitors, shareholders and more. Agencies and its directs may be accused of misusing company funds,…

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How PEO Insurance Can Improve Your Business Relationships

How PEO Insurance Can Improve Your Business Relationships

PEO stands for Professional Employer Organization, and involves a partnership between a staffing agency and a company. Instead of re-inventing the wheel by going to new staffing agencies every time there is a vacancy or a need for new staff, the human resources department of one company may partner with a staffing firm on a long-term basis. This can work out well if the staffer can provide the company with a steady stream of reliable temporary and long-term workers. However,…

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