How does a PEO help handle Workers' Comp cases?

PEOs work closely with agencies that properly determine exact compensation amounts. The organization responsible in many states for determining proper Workers' Compensation classifications, experience modification factors, and collecting data used for ratemaking is called The National Council on Compensation Insurance (NCCI). NCCI also writes the manuals used in many states to calculate Workers' Compensation premiums, and also administers the Assigned Risk Plan in many jurisdictions. NCCI is a private organization, not connected with government, although it is often mistakenly thought to be a governmental agency. In fact, it is a non-profit privately held corporation owned by major insurance companies, whose executives constitute a majority of the directors on NCCI's board.

PEOs routinely work with this and other national organizations whose sole aim is to assist employers with things such as payroll, workers' comp and compliance with state and federal laws.

A PEO can best help your company put in place an employee incentive program. To find the right PEO for your company, please visit www.PEO7.com's directory for more info.