If you work in the staffing service business, then you know that one of the most popular selling points for professional employer organizations is the peace of mind that they can provide small business owners. The ability to easily handle complicated HR laws and establish business best practices is a boon to many small businesses. PEO insurance does for staffing agencies what the agencies themselves do for their clients. It provides the confidence they need to focus on core business processes.
A Helping Hand
It’s typically a staffing professional’s job to be knowledgeable about all types of laws and regulations that could lead to a potential conflict, but it’s not always possible to have all that knowledge right at your fingertips. You might get overworked or outpaced during many situations:
- Periods of rapid business expansion
- Movement into new markets
- Beginning to service new industries
Fortunately, partnering with a PEO insurance provider gives staffing businesses a calm place to turn: A valuable asset for those in tumultuous periods of transition.
Insurance companies don’t know the PEO business better than staffing professionals themselves, but they might have experience with the risks of a wider array of situations in the industry. After all, it makes sense for a business to focus only on what’s right in front of it. Conversely, the concerns of insurance agencies usually span a wider range of industries, geographical locations and organizational sizes then any single staffing agency.