Employee Leasing Quotes : PEO Blog

A scheduled January reduction in Florida’s workers’ compensation rates may turn out to be short-lived.

The National Council on Compensation Insurance, which sets rates for workers’ compensation insurers, is proposing an 18.6 percent rate increase just as rates were scheduled to drop by that amount, starting Jan. 1.

Why the confusing twist of events? An October ruling by the Florida Supreme Court favoring attorneys who represent injured workers. NCCI estimates that the court’s decision to end the attorney fee schedule will result in an increase in legal fees, as well as larger workers’ compensation awards.

NCCI spokeswoman Lori Lovgren said Monday that the Boca Raton-based firm wants an 8.9 percent increase in Florida workers’ compensation rates, beginning in March, and will seek a second boost sometime next year. The latter hike would go into effect in 2010, she said.

The new rates are subject to approval by Insurance Commissioner Kevin McCarty, who has set a public hearing for Dec. 16. We’ll keep you posted.

It seems wherever I go, I see the television advertisements for bundling your home cable, phone and internet services. The benefits they provide are lower costs, one monthly invoice (instead of three) for everything and one point of contact for all your service questions.  Makes sense to me- and certainly millions of others.

This simple concept of saving people time and money is what Employee Leasing/PEO services provide for business owners. Think about it- most employers either do their own payroll, use a payroll company or utilize accounting services. They  search out agents for workers’ compensation, general liability, employee benefits and other insurances. During the year they have questions regarding workers’ comp, unemployment and health insurance claims. They deal with the headaches of quarterly reports, garnishments, audits, W-2’s and a pile of other issues including multiple bills to review– all with a number of people to play phone tag with.

When employers bundle these services with an employee leasing company, they unload all the hassles of payroll administrative work, receive workers’ compensation discounts not available through traditional carriers and have access to big company employee benefit programs. Best of all, they have point of contact and receive one invoice on payday – for everything!

So if bundling makes sense at home, why not look into the benefits of employee leasing services for your business?  You’ll save money and time- we can show you how! Call us- our information is free and helpful.

1-888-582-8388

www.EmployeeLeasingQuotes.com

I was in Valdosta, Georgia earlier this week to see family and visit with a few clients who had found our services on the web. I decided to spend a few days to meet and visit with employers to get a pulse on how familiar or widely used employee leasing services are through the area.

I met with exactly 34 business owners during this time – the most polite and generous people by the way you could ever meet. One company was using an employee leasing service while everyone else was unfamiliar with the concept – what an opportunity! Many were in awe of the idea of having one point of contact to deal with all the headaches of payroll, workers’ compensation, HR tasks, etc. My favorite response was “is this for real?”

As employers continue to struggle during these tough economic times, right now is the time to look at streamlining unproductive administrative work as well as saving on insurance costs.  In fact of the three employers who requested proposals, their workers’ compensation savings through employee leasing totaled over $17,000 a year!

If you live in Georgia or any other state, you owe it to yourself and your business to look into the services of employee leasing. When you’re to see how these services could benefit your business – give us a call. Our information is free and helpful. We can be reached at 1-888-582-8388, or on the web at www.EmployeeLeasingQuotes.com.