If you run a Professional Employer Organization (PEO), you already know that there are many risks that you face on a daily basis. You never know when damage could happen to your property. You never know when someone might get hurt on the property. You never know when someone will be injured on the job. For these reasons, it is essential to have proper insurance coverage. PEO insurance is the coverage you are looking for. The following will outline some of the basics of this type of coverage:
- PEO insurance is coverage that is specifically for businesses that help other businesses run. A PEO basically provides services such as human resource management, payroll services, workers’ compensation, and more. This insurance coverage includes aspects that are specifically designed for such a company.
- Insurance for a PEO can include commercial auto, general liability, professional liability, crime, employee benefits liability, and more. An insurance provider can help you to narrow it down so that your package is the most comprehensive for what you do.
Whether your PEO is large and you are looking to revamp your insurance package, or if you are just starting out and are looking to purchase a PEO insurance policy for the first time, it is easy to get started. Simply contact your insurance provider and ask them about insurance for a Professional Employer Organization and you will be on the right path.