Business insurance can’t be a one-size-fits-all solution, no matter how many insurance companies wish it could be. If you operate certain kinds of business, you simply encounter risks and liability exposure that more common business models are not prone to. This is true for boat builders, logistics and shipping companies, and even PEOs, as well as a variety of other businesses. While general business insurance can cover the basics for regular retail operation or office space with no unusual risks, there will always be those with a need for items like PEO insurance.
What Risks Do PEOs Face?
When you provide employees to other firms in a variety of fields, you need to be prepared to encounter the risks inherent to each of those fields, at least partially. When you work with a specialized provider, you get advantages you won’t find from other insurers.
Understand your liability with regard to clients and their customers, and to the general public
Get coverage for staple needs like the worker’s compensation
Find support for each jurisdiction your employees operate in, so you do not worry about compliance
Streamline all your coverage needs into a policy custom-tailored to your company
To see a great example of what an insurance provider who focuses on PEOs can do, check out www.usrisk.com/.