by David Schek | May 13, 2013 | Professional Employer Organization (PEO), Staffing Company, Workers Comp, Workers' Compensation Insurance
Last week an 8M AZ and PA staffing company contacted Work Comp Staffing Solutions with a big workers compensation insurance problem. His workers compensation insurance carrier, Dallas National, had non renewed them and the State Funds were their only possible solution to stay in business. Unfortunately this meant that they needed 150K for a premium deposit within a week to secure the State Fund/ Assigned Risk Pool policies, before the workers compensation non renewal went into effect and they lost their workers compensation coverage. This would have probably put the staffing company out of business.
Work Comp Staffing Solutions was able to arrange for a nationwide Professional Employer Organization (PEO) to provide coverage to the staffing company within 72 hours so that they did not have to make the 150K premium deposit. In fact, the PEO solution did not require any premium deposit, which allowed the staffing company to keep their cash, and invest it back into their business to keep growing.
If you are still using the State Funds/ Assigned Risk Pools for your workers compensation coverage, you probably are paying higher rates than your competitors who use a PEO, and you are most certainly paying higher premium deposits. And of course your workers compensation fees are not being leveraged, so that you receive other back office software and human resource services that a PEO uniquely provides.
For more information about how PEO’s can make you more competitive, please contact me at davidstaffing@gmail.com and visit our web site www.StaffingCompSolutions.com.
All the best
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Exclusive PEO Broker for the United States Staffing Association
by David Schek | May 6, 2013 | News, Professional Employer Organization (PEO), Staffing Company, Workers Comp, Workers' Compensation Insurance
(Warning – this article is rated R)
This vignette about workers compensation insurance and unemployment fraud in Spain is almost too unbelievable. Below is the link to the article that will make you cringe, laugh, and cry — almost all at the same time
— http://www.workerscompensation.com/compnewsnetwork/from-bobs-cluttered-desk/16620-having-a-hand-in-insurance-fraud.html
So if you think the US workers compensation system has its problems, just be grateful you are not an employer in Spain.
Remember if you are insured through a State Fund, you should look at utilizing a Professional Employer Organization (PEO) which can usually offer you better workers compensation rates and always offer much greater back office value for your money. Please contact me at davidstaffing@gmail and visit our web site www.StaffingCompSolutions.com
All the best,
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Exclusive PEO Broker for the United States Staffing Association
by David Schek | Apr 24, 2013 | ASO, Professional Employer Organization (PEO), Staffing Company
Sometimes staffing companies can only get workers compensation through the State Funds. Both private carriers and Professional Employer Organizations (PEO’s) may not be willing to provide workers compensation coverage. But the staffing company still wants all the great human resources and payroll management services that PEO’s provide like:
- Payroll and workers compensation administration and management
- Payroll tax filings and W-2’s
- Health care benefit administration including the new Affordable Care Act.
- Human Resource functions.
The Administrative Service Organization will perform all these functions for the staffing company. The employees are 100% the staffing companies, and there is not a “co employment relationship” with the employees like with a PEO. ASO’s have been around for the last 20 years as the complexity of managing employees for staffing companies has grown exponentially.
Please feel free to contact me at 202-302-1212 if you would like to see how an ASO can meet your staffing companies needs. Also visit us at www.StaffingCompSolutions.com
All the best
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Exclusive PEO Broker for the United States Staffing Association
by David Schek | Apr 15, 2013 | Healthcare Insurance, Professional Employer Organization (PEO), Staffing Company
Today there are many staffing experts offering options about how to minimize your cost exposure under the ACA.
Most of these experts agree that after January 1, 2013, the US labor market, and in particular the staffing industry will be very different. Maybe good and maybe not so.
I receive many calls every day from successful staffing owners who are researching options about how to best integrate this new law and cost structure into their business model. They are considering new business models for themselves in order to stay profitable. One option that many staffing companies are looking at is utilizing a Professional Employer Organization (PEO) as an inexpensive way to comply with these new laws AND reduce their workers compensation costs.
Please feel free to contact me at 202-302-1212 to discuss how PEO’s can help your staffing business manage under this new ACA law. For more information about ACA please visit us at www.StaffingCompSolutions.com
All the best
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Exclusive PEO Broker for the United States Staffing Association
by David Schek | Apr 8, 2013 | Professional Employer Organization (PEO), Staffing Company
March was a very busy month for Work Comp Staffing Solutions. We helped 6 diverse staffing companies partner with Professional Employer Organizations (PEO’s.)
Success #1. 2M staffing company in Maryland had been cancelled by their current carrier and needed workers compensation insurance to service their current clients, and 1M in immediate new business. All their codes were light industrial with a focus on mail room positions; and they had a 1.6 mod!
Success #2. New staffing company in California. This company places medical professionals all through Northern California and could not wait the 6 month’s that it usually takes for the California State Fund to process their paperwork. We found them a PEO to partner within a week, as well as payroll funding company, so they were ready to do business.
Success #3. Florida based medical staffing company that places occupational and physical therapists in permanent positions for 12 years and was driven by client demand to expand into temporary and contract staffing throughout the United States. We also found a staffing funding company (with very low rates) to finance their A/R expansion.
Success #4. Georgia IT staffing company using the State Fund found it less expensive to utilize a PEO that offered a more extensive menu of health care benefits to its employees, and could service their growth into other states.
Success #5. New start -up staffing company in Tennessee that focuses on light industrial positions. The owners said they selected a Work Comp Staffing Solutions PEO solution because of the value added staffing consulting service that Work Comp Staffing Solutions uniquely offers its clients.
Success # 6. White collar staffing company had unexpectedly been dropped by Travelers after 6 years even though they had a clean loss comp record. We found them a PEO solution in 48 hours which allowed them seamless work comp coverage
Please visit us at www.StaffingCompSolutions.com or contact us today at 202-302-1212 to discuss your workers compensation challenges, and to see if you qualify for the benefits of partnering with a Professional Employer Organization (PEO.)
We will also begin hosting monthly webinars about PEO’s and other workers compensation solutions starting in May.
All the best
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Exclusive PEO Broker for the United States Staffing Association
by David Schek | Apr 1, 2013 | News, Professional Employer Organization (PEO), Workers' Compensation Insurance
I Would Hate to See The NFL’s Workers Compensation Rates After This Lawsuit……
California law allows NFL players to make a claim in California if they have played at least one game in the state. The plaintiffs argue that the arbitration award violates California and federal law and public policy by waiving their ability to seek workers comp in California, records show.
U.S. District Court Judge William H. Alsup ordered the three cases to be consolidated on March 13, court records show.
The NFL Management Council and the four NFL teams filed a counter suit on March 8 asking the court to require the players to file any workers comp claims in the state specified by their respective player contracts, records show.
The California comp lawsuits are part of several claims being made against the NFL by former players seeking compensation for injuries suffered on the field. At least 2,400 former players have sued the league over neurological and cognitive problems that they allege were caused by football-related head injuries.
Most of the concussion-related cases have been consolidated into multi district litigation in the U.S. District Court in Philadelphia. The NFL is expected to use an exclusive remedy defense in those lawsuits
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While your staffing and contract employees probably do not wear football helmets on the job, you can see that workers compensation insurance is a priority in all businesses- even in the NFL.
Call us at 202-302-1212 to discuss how how we can offer you a lower priced workers compensation insurance program using a Professional Employer Organization (PEO.) Also please visit us at www.StaffingCompSolutions.com. Finally, given the complexity of these legal claims, perhaps the NFL owners are wishing they had used a PEO as a human resource and workers compensation partner!
All the best
David Schek
President
StaffingCompSolutions.com
American Staffing Association Member
California Staffing Association Member
Exclusive PEO Broker for the United States Staffing Association
