Workers Compensation Insurance
Pay-As-You-Go Insurance Delivery
Though this is not a new product to the insurance space it is certainly gaining popularity in the Workers Compensation and General Liability product lines. You could give credit to the payroll vendor companies for assisting in the development that's pushing the envelope, but it appears that many insurance markets are grasping the rope and pulling their way into the market that once belonged to the staffing and employee leasing companies (better known today as Professional Employer Organizations). Having spent the last 20 years working in the human resource outsourcing industry from the insurance side I have learned a great deal about how and what small business owners look for in their service vendors. One thing for sure is the simplicity of paying for workers comp and commercial general liability is high on the list. Along side of insurance delivery methods are the services provided by Staffing and Professional Employer Organizations; it is what has given them a marketable edge in small business community.
Pay-As-You-Go Insurance Delivery
Though this is not a new product to the insurance space it is certainly gaining popularity in the Workers Compensation and General Liability product lines. You could give credit to the payroll vendor companies for assisting in the development that's pushing the envelope, but it appears that many insurance markets are grasping the rope and pulling their way into the market that once belonged to the staffing and employee leasing companies (better known today as Professional Employer Organizations). Having spent the last 20 years working in the human resource outsourcing industry from the insurance side I have learned a great deal about how and what small business owners look for in their service vendors. One thing for sure is the simplicity of paying for workers comp and commercial general liability is high on the list. Along side of insurance delivery methods are the services provided by Staffing and Professional Employer Organizations; it is what has given them a marketable edge in small business community.
