ALL California employers must provide coverage for their California employees
PEO Insurance for California's Businesses and More
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PEO Insurance In California
PEOs, or Professional Employer Organizations, provide small businesses with services that reduce their administrative tasks, making them more competitive while providing cost savings. These services include payroll, benefits, HR, risk management, and other administrative requirements. Additionally, they can give small businesses access to group health and other insurance policies, saving you money on your premiums.
Whether you’re a PEO offering bundled services or you’re a business looking for PEO services, JVRC can serve the insurance needs for both sides of the spectrum.
California Insurance for PEOs
JVRC Insurance, as a master brokerage, has been designing tailor made PEO programs for years, finding creative ways to help each PEO program find a competitive edge in this highly saturated market. If you’re looking to start a high deductible, captive, guaranteed cost, or self-insured program, we can provide the right insurance platform for your PEO to help protect you and your clients.
JVRC Insurance can also help change or improve the current workers’ compensation platform you may already have in place. We can also help with building your payroll, HR, and group health products as well to create or improve your bundled package of services you offer. We have the contacts, knowledge, and relationships necessary to forge together advantageous partnerships between you, the PEO, and insurance companies.
California PEO Broker for Small Businesses
Additionally, if you have a business interest, or are looking to benefit from a PEO company and its services, JVRC can help. Whether you’re looking for the benefits of the bundled services a PEO has to offer, or the competitive pricing on workers’ compensation insurance and other incentives they can provide, JVRC Insurance has access to any and all PEO programs that might be advantageous to your company, including the best PEO for health insurance cost savings.
Benefits Of Using A PEO In California
PEOs offer administrative services that simplify the day-to-day running of your business. Additionally, they can give you access to group insurance policies, saving you money on health insurance, workers’ comp insurance, and more. This provides you with a more efficient business, as well as significant cost savings.
Key Services Provided By A PEO In California
- Personnel management, including payroll processing, tax compliance, HR consulting, health benefits, and more
- Competitive workers’ comp rates
- Access to affordable employee benefits packages, allowing you to attract and retain employees
- Improved employment practices, compliance, and risk management to reduce liabilities
- Safety incentives allowing the client to earn back paid premiums with good loss ratio percentages
- Claims Management and Claims Prevention
- And much more
Contact Us For Peo Insurance In California
Whether you are or are looking to adjust your PEO’s insurance offerings, or you’re a business looking for PEO health insurance in California, contact JVRC Insurance today.
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Frequently Asked Questions about Business Insurance
Why is California Workers Comp Insurance so expensive?
Largely because of claims that occur, experience modifications, fraud and payroll amounts statewide
Where do we get the information we post on our blog site?
The Department of Insurance website, The WCIRB, The Insurance Journal and many other trusted sources
What is an experience modification?
It’s a percentage that compares the payroll and loss history of your company to a similar-sized company within the same industry. For example, if a company has a better than average loss record, their experience modification would be less than 100%. If that is the case you would receive a credit on your Workers Comp rates. If that is not the case however it would result in the opposite, an increase in rates. The experience modification can be closely compared to an individual’s credit score.
Why is Workers Compensation Insurance a necessary requirement?
It is illegal in the state of California to not carry it. There will be penalties, fines and many other consequences if a worker is injured and you do not carry it. Furthermore if there is a claim and you do not have California Workers Compensation Insurance at the time the employer is still liable for all costs relating to the injury which can be devastating to any company.
How does your insurance carrier determine what your experience modification number is?
This is calculated based on your payroll, premium paid and by your reported losses for the last three consecutive years
Who regulates and makes California Workers Compensation laws?
The Department of Insurance regulates the laws and the State Senate makes them
What is a Classification or a class code?
It’s a component used determine the price an employer pays for their workers’ comp insurance premium. Classifications are established for each industry and typically include all jobs or operations within a particular business.