Frequently Asked Questions
Outsourcing your payroll offers several benefits, including cost savings, time savings, compliance with regulations, expertise in handling complex payroll issues, and enhanced security for sensitive employee information.
Pay-as-you-go solutions can help simplify workers’ comp administration and possibly free up capital. It does so by allowing employers to:
- Reduce or even eliminate up-front payments
A traditional workers’ comp premium payment program could require anywhere from 25 to 100% of the total premium to be paid at the start of coverage, but with a pay-as-you-go solution, employers may be able to spread their payments out over the course of the year. - Make premium payments based on actual payroll numbers and carrier rates
By adjusting premium payments according to actual payroll numbers and carrier rates, businesses can avoid cash flow shortages resulting from underpayments and unexpected additional premium bills at the end of the year. This approach ensures financial stability and accurate budgeting for the entire year. - Automate payments and reduce risk
When payroll is integrated with workers’ comp, the monthly worker’s compensation premiums are automatically deducted, saving time, easing administrative burdens and reducing the chance of missed or late payments and policy cancellations.
PEO means, Professional Employer Organization. They serve to help small and midsized businesses manage certain responsibilities and risks through co-employment. The PEO typically processes payroll, withholds and pays payroll taxes, maintains worker’s compensation, administers employee benefits and provides human resources guidance.
Typically, you can expect to receive the Certificate of Insurance (COI) on the same day. However, we kindly request up to 24 hours on a business day.