News By Tag
News By Place
Workers Compensation For PEO Companies
PML Risk Management, Inc. announced today that it will be accepting PEO workers compensation submissions for underwriting quotes on an invitation only basis.
“The mid-market PEO will be able to breathe a refreshing sigh of relief with this program designed specifically for the PEO. In particular, smaller PEOs struggle to keep a workers' comp policy, let alone afford it. Why? Simply put, workers compensation carriers have attached a negative stigma to PEO’s, requiring high collateral, deposits or “fixed” premiums based on an estimated annual premium, hurting the already beleaguered cash flow needed for the PEO’s day to day operations. Larger PEOs tie up precious cash flow and credit; that won’t happen with PML’s program”.
PML Risk Management, Inc. is trying to change the relationship between workers comp carriers and the PEOs who honestly and effectively manage their risk.
PML Risk Management, Inc, is not a professional employer organization (PEO), but the company owner has over 24 years experience as a PEO owner; fully aware of the workers compensation challenges and pitfalls facing the mid-market PEO, as well as the larger PEO.
This unique PEO program will offer qualified and accepted PEOs “Guaranteed Cost” Individual or Master Coordinated policies; all fifty states, No Collateral, little or NO deposit and a monthly reportable Pay-As-You-Go plan.
As an incentive, the program offers the PEO a profit-sharing dividend for keeping their loss ratio 40% or less.
This program is the competitive blast of fresh air PEOs have been looking for.
If you would like more information about our PEO specific workers compensation program being offered through PML Risk Management, Inc, please visit www.peoworkerscompensation.com or call our licensed managing agent for more details ((210)) 380*2051