Dear Workers' Comp Professional:
Nationwide Employer Services LLC (NES) has Workers' Compensation (WC) solutions for Staffing and other impaired risks through EXCLUSIVE Professional Employer Organization (PEO) and Contract Labor Service (CLS) programs. We also have a compelling Captive WC insurance program for Staffing, PEO, and other qualified entities and an optional cost-effective invoice funding piece for Staffing. NES pays you competitively on all programs.
PEO and CLS programs are very similar. Under a PEO structure, the risk's workforce is covered for WC under a co-employer PEO master WC policy in the name of the PEO. Under a CLS structure, the risks workforce is covered under a sole-employer Staffing master WC policy in the name of the CLS. The PEO/CLS becomes the statutory employer of record for tax purposes which enables coverage under their master WC policies. Under the Captive program, the insured party is the risk and remains the employer of record….rates are cost-effective, and the insured keeps the UW profit and investment income.
Most fitting for NES programs are WC distressed risks with:
- Higher xmods
- Higher cost class codes
- In industries undesirable to carriers such as Staffing & Trucking
- In or headed to state assigned risk pools
- WC bare, being non-renewed, or cancelled
Submission info needed:
- Detailed ACORD (must have est. # of ees/code)
- 3 yrs wc loss runs (no older than 30 days valued)
- Xmod sheet
- Current/renewal policy or program dec/rating pages
- State assigned risk pool quote (preferred)
Please contact us with questions by phone or email or send a submission for review directly to:
[email protected]. Thank you!
Best Regards,
Ken Heideger
954-554-3456
Nationwide Employer Services LLC
9858 Glades Road, Suite 125
Boca Raton, FL 33434