Understanding PEOs and Their Role Many common law employers and business owners outsource some or all of their payroll and related tax duties to third-party payers. One such third-party payer is a Professional Employer Organization (PEO), which manages employment tax…
What Are Controlled Insurance Programs? A Controlled Insurance Program (CIP) is a specialized type of policy that provides coverage for an entire project and all participating parties who opt into the program. There are two main types of CIPs: CIPs…
The Importance of Injury and Illness Prevention Programs An injury and illness prevention program (IIPP) is a proactive approach designed to help business owners identify and correct workplace hazards before employees suffer injuries or illnesses. These programs have been proven…
Understanding Your Exmod Factor Your exmod factor directly impacts your workers’ compensation premium. Lowering your exmod is key to reducing insurance costs, and the best way to achieve this is through accident prevention. Top Tips for Lowering Your Exmod By…
Why Product Liability Prevention Matters Bringing a new product to market comes with risks, and assembling a strong product liability prevention program is essential. Even if a company does everything possible to ensure product safety, accidents and mishaps can still…
Why Cyber Liability Insurance Matters As technology becomes increasingly important for business operations, the value of a strong cyber liability insurance policy continues to grow. Cyber liability exposure is just as critical as traditional risks covered in commercial general liability…
Understanding Workers’ Compensation Premium Audits Workers’ compensation requirements vary by state, but many policies include a routine premium audit process. Depending on the audit results, a company may either owe additional premium funds to their insurer or receive a refund.…
What is Group Health Insurance? A group health insurance plan helps a company’s owners and employees pay for healthcare expenses. Businesses with one or more employees are eligible to purchase group health insurance, making it an attractive option for small…
What is a PEO? A Professional Employer Organization (PEO) is a company that provides comprehensive human resource solutions for businesses. When working with a PEO, a business enters into a co-employment relationship, meaning that the PEO shares certain employer responsibilities…
What is Hired and Non-Owned Auto Insurance? Hired and Non-Owned Auto Insurance is a type of commercial auto insurance that provides coverage for businesses when employees use personal vehicles for work-related errands. It also applies to business owners who rent…