5 ways a PEO can help you manage risk.

peo risk management
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Any endeavor worth pursuing comes with a certain element of risk, and running your business is no exception. What have you done to minimize the risk of human error, or accidents? Do you understand the new risk that COVID-19 present to your workforce?

Professional employer organizations (PEOs) offer among their services, risk management. Risk management includes establishing policies and protocols to minimize potential workers’ comp claims and discrimination lawsuits, minimizing the risk from drug or alcohol abuse in the workplace, and managing other risks. With a PEO by your side, you have an active risk management structure in place to help you keep your business thriving with minimal problems.

PEO Risk Management: 5 Ways PEOs help manage risk. 

As a co-employer of your staff, your PEO has a vested interest in creating and maintaining a safe work environment. When working with a PEO, consider these five ways they can help you manage potential risks.

Ensuring adequate workers’ comp plans are in place: 

As part of their services, a PEO handles the workers’ comp insurance needs for the employees. This includes ensuring full compliance with workers’ comp policies, finding a good plan to cover employees, and making sure that coverage it up to date.

Handling workers’ comp claims promptly:

Another aspect of workers’ comp is handling claims promptly and efficiently.

Occupational Safety and Health Administration (OSHA) compliance:

A PEO may conduct an audit of your firm’s OSHA compliance history and suggest changes and updates at your facility to ensure compliance. Such steps improve the safety conditions for your workers, minimizing the risk from potential accidents.

Substance abuse programs: 

Companies leave themselves open to risk when they fail to address potential substance abuse problems among employees. Whether it’s drugs, alcohol or prescription drugs, substance abuse can lead to impaired judgment, accidents and more. Proactive substance abuse programs and drug-free workplace programs mitigate such risks.

Loss prevention: 

Employee theft can lead to substantial property loss and risk. PEOs may take the lead in employee loss prevention efforts by frequently monitoring at-risk areas, adding security features, and otherwise helping you prevent loss through employee theft.

Lastly and now more than ever the changing work climate due to COVID-19 has shown the world how important it is to have a PEO, like Atlantic Payroll Partners by your side as you navigate this ever changing landscape. We want you to stay informed and feel empowered with your decisions. Visit our COVID-19 resource page or call us at 772-466-0440 for assistance.

 

Copyright 2021

Why Atlantic Payroll Partners

The biggest payroll companies probably won’t have time for your business. It’s that simple, you’ll be a number. At Atlantic Payroll Partners, you’ll be the opposite. We’ll know more than your name; we’ll know the names of your children and their birthday’s as well. We will know you.

We’ve been helping Florida business by managing their payroll and providing workers' compensation quotes for ten years. We help keep payroll cost affordable by provided transparent PEO payroll quotes that allow you to plan your budget accordingly. Like the big payroll companies, you can manage your payroll and payroll timekeeping with us, while reaping the benefits of PEO risk management.

Thinking about payroll outsourcing can be scary. Make sure you know what to expect from payroll outsourcing providers; to make the best decision for your business. In addition to offering payroll, and workers' comp quote we offer: Human Resource consultations, Accounting services, and benefits such as, 401ks and Healthcare plans.

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