As today’s business environment evolves, new industries are emerging to make company management easier, even for small ventures. Professional Employer Organizations, or PEOs, are an example of a new niche that offers services traditionally performed by human resources departments. Small and mid-size companies can benefit from innovative PEO insurance solutions, including hassle-free workers compensation coverage. 

Specialty Benefits Without the Bother

Smaller businesses can provide important benefits with ease, since PEOs perform the same functions as HR divisions, including providing vital insurance services. The available programs include:

• Standard workers compensation coverage – Companies need the right coverage for their industry as well as for their particular organization. Proper workers compansation insurance is a no-fault line of coverage that protects employers as well as employees. 
• Pay-as-you-go workers compansation – This policy offers the same protection as standard workers comp, but it allows employers to pay throughout the year rather than in one large amount at the time of purchase. 
• 3rd-party self-reporting – This option makes obtaining the right coverage easier by reducing up-front costs. Companies work with insurance providers to determine their premiums during the processing of payroll. 

Other types of services include programs for occupational accidents and disability coverage. 

Running a business requires attention to details, including insurance. However, emerging niche companies are ready to provide key services and expertise so companies can focus on revenue and growth.