PEOs are dedicated to providing alternatives to existing strategies for administering workers’ compensation claims. This is facilitated by focusing on optimum interaction between injured employee, Third Party Administrators’, and vendors’ spending habits. Workers compensations services include and not limited to: no insurance down payment; perform risk management and safety inspections; assist in compiling cash-awards employee incentive; provide recommendations for improving work site safety conditions; provide safety plans and manuals; provide periodic safety training; occupational injury claims management and processing; investigate and pursue fraudulent claims; perform post-accident drug testing on all occupational claims.
Workforce has a comprehensive workers’ compensation outsourcing program, which includes workers’ compensation insurance, claims administration, and loss control; including on-site inspections, safety program development, implementation, and maintenance; as well as federal and state OSHA compliance. PEO companies have access to multiple carriers and allows for the opportunity to service a broader spectrum of clients. A.M. Best is the premier rating authority on insurance carriers. They review current financial data on insurance carriers, as well as trends in the data over the past years.
Your Alternative Workers Comp Solution
The PEO workforce underwriting team facilitates the pricing and issuing of workers’ compensations coverage to Workforce’s PEO customers. Each submission is evaluated through underwriting and works with carriers to determine eligibility. Approved submissions are priced out and returned to the agent for review with eligible clients. Additionally, the underwriting team also produces Workforce’s Client Service Agreements. These agreements as contracts with clients that the team continues to evaluate and process for all new class codes and state endorsements. Most especially to produce certificates of insurance. Underwriting also investigates the claims and loss control to evaluate the performance of clients.
A PEO workers’ compensation claim services is the link between the afflicted employee, patron enterprise, the workers’ compensation carrier, and the medical care provider. As a result, cumulating dialogue and consideration to reduce the potential for a lawsuit. Moreover, this tactic mends the client’s injury chronology to hopefully result in lower premium costs.