Certification provides a variety of benefits to PEOs, their workers’ compensation insurance carriers and their business clients:
PEOs
Certification provides a cost-effective way to help PEOs improve their risk management program to achieve the lowest possible workers’ compensation losses. Maintaining certification provides:
- Method for insurers and clients to independently verify your PEO is performing best practices in this service area
- Confirmation to your PEO’s management that your risk management team continues to adhere to best practices
- Improved cash flow and profitability through reduced losses, lower WC loss picks and lower collateral and premiums
- Increased sales and marketing advantages
- Customized training for your PEO’s internal staff
- Experienced PEO risk management consulting
PEO Clients
Certification helps the PEO industry give client business owners risk management services that add maximum value and provide:
- Safest possible work environments for worksite employees
- Independently verifiable method to determine if a PEO has the proven capability to deliver best-in-class risk management services
- Assurance that the PEO will be implementing best practices proven in the insurance industry to effectively manage workers’ compensation losses
Insurers
Certification provides a reliable, cost-efficient way for insurance carriers to identify PEOs that are implementing proven risk management best practices. Confirming a PEO’s certification provides:
- Fast and independently verified identification of PEOs that warrant full underwriting consideration
- Ongoing monitoring that ensures PEOs are adhering to an approved plan of controllable growth within the carriers’ risk assessment parameters
- Independent evidence that PEOs are consistently implementing proven best practices at client worksites as verified by one of CI’s experienced certified risk management professional