Workers Comp Insurance

Are You In a High-Risk Trade and Need Worker's Compensation Coverage?  A lot of companies can help you acquire worker's compensation for clerical personnel, medical personnel, and many other types of business that have a low risk of encountering any worker's compensation claims. Can these same companies acquire coverage for roofers, tree trimmers, heavy construction, demolition, farming, temporary services and other high-risk trades?  As we've already pointed out, by the very nature of their business, these high-risk trades and others are typically very hard to acquire worker's compensation coverage. This is especially true for new businesses in the high-risk trades. For years we have been helping high-risk businesses, both established and new, find worker's compensation coverage for their employees.  We are very creative in the pursuit of serving and finding solutions for our customers and have a combined 30 years of experience in the industry, all of which helps us find worker's compensation coverage even for the most difficult cases and high-risk trades. When regular insurance companies will not provide worker's compensation coverage for companies with high claims, SETO PEO SERVICES can help secure it for your employees.   Please contact us today to talk to one of our highly trained and motivated specialists and find out more about what SETO PEO SERVICES can do for you and your business.

The Difficulty In Finding Worker's Compensation Coverage For New Businesses  By law, any business in any state that has over a certain number of employees on their payroll must provide worker's compensation coverage for those employees. The number of employees that triggers the coverage requirement varies by industry and state. The only real exception is if businesses are classified as “self insured”, which means they will insure themselves against their own risk, and some other rare exceptions. As self-insurance is closely regulated on a state-by-state basis and usually requires large amounts of reserves and the other rare exceptions are really too few to mention, let's assume your business needs worker's compensation coverage.  Many new businesses that are in occupations that are other than clerical or office related, can find it difficult to obtain worker's compensation coverage for their employees. New businesses in the high-risk trades can find it almost impossible. The obvious reason for this is because of the inherent risk of injury in a high–risk trade. Another reason that new businesses find it difficult to get coverage is simply the fact that they are just that, a new business with no prior loss history.  Worker's compensation premiums are affected to a large degree by using the loss and claim history of the business. New businesses in high-risk trades have no claims for worker's compensation insurance (loss runs) to produce to an insurer and many simply will not provide coverage to high-risk trades without these loss runs. This is where SETO PEO SERVICES can help you when you need to secure worker's compensation insurance coverage.

Your worker's compensation premium is calculated by multiplying the amount of your payroll/gross wages per $100 (PAYROLL), by your business classification rate (RATE), by your business experience modifier (MOD). So, the calculation looks like this:  (PAYROLL) X (RATE) X (MOD) = Annual Premium  The PAYROLL is self-explanatory, the RATE is the numeric industry rating given to your specific type of trade and the MOD is a number given based on your business' claim and loss history. The higher the MOD, the higher your premium rate goes. So, the final premium will be a multiple value that is applied to every $100 of payroll. For example, a RATE of .09 (9.0%) with a MOD of 1.00 results in a $9.00 annual premium for each $100 of payroll ($18,000 for a company with $200,000 in payroll).  Although many new businesses are given a MOD of 1.00, which is the average, it can go significantly lower and this is where we come in. We have been in business for over thirty years and have helped countless businesses with discovering how to lower their annual worker's compensation premium. There are numerous ways to help lower your business' MOD and we can help you with them all. One huge way to lower your MOD is by implementing strict safety programs throughout your business. Another good way is by enrolling in state-sponsored safety programs that will not only lower your MOD, but with strict compliance, will improve overall safety at your business and worksites. We are here to help show you how to lower your businesses MOD, step by step.  We can take care of all your day-to-day staffing, payroll, worker's compensation hassles and risk-management duties to leave you to do what you do best – grow your business!

An integral part of our service is worker's compensation insurance.  Anyone can acquire worker's compensation for white collar services such as clerical/office administration, medical personnel, and much more; but can they acquire coverage for blue collar industries such roofers, tree trimmers, heavy construction, demolition, farming, temporary services and the high risk trades?   We are creative in the pursuit of serving our customers.  Insurance companies will not provide coverage for companies with high claims, we routinely do.  SETO PEO SERVICES is unique and specialized in hard to place worker's compensation and payroll applications for contract labor and payroll.  SETO PEO SERVICES has many plans and options available to acquire worker's compensation insurance coverage.   Anyone can acquire worker's compensation for white collar services such as clerical/office administration, medical personnel, and much more; but can they acquire coverage for blue collar industries such roofers, tree trimmers, heavy construction, demolition, farming, temporary services and the high risk trades? We are creative in the pursuit of serving our customers.  Insurance companies will not provide coverage for companies with high claims, we routinely do.  

Employers work hard to ensure that workers are safe while on the job. In addition to taking safety steps to protect employees, companies also need workers’ comp insurance in the tri-state area. Insurance is a requirement for most companies. Like most businesses, you want to make sure that you are compliant while providing affordable coverage for employees.     

Workers’ Comp Insurance in the USA   

Choose a company that will find you the best possible workers comp insurance for your employees. You certainly don’t want to be left having to pay extra expenses. It is often best to deal with carriers that have an “A” rating. However, sometimes it is more difficult to find workers’ comp insurance in the United States based on the hazards of your type of business.   SETO PEO SERVICES deals with a variety of insurance companies to provide the exact coverage that suits your needs. We specialize in working with hard-to-place workers compensation and payroll applications. We offer many plans and options to acquire workers’ comp insurance in the United States. Whether you own a clerical or office administrative company, medical office, construction company or any other type of business, we have options available to cover workers while they are on the job. Even the most hazardous of jobs must be protected with insurance. Sometimes insurance can be more difficult to find or more expensive. We have the ability to find the best and most economical options available to meet your needs. We offer a selection of services to assist you with your business including payroll services, tax reporting and management of staff. We work with many different insurance agents and risk management companies so we can find insurance that best fits your needs and budget. Contract services are also available. You don’t need to try to spend time shopping for coverage. We can easily handle your needs. In many cases, we have located the best coverage in just a day! Shopping for insurance can be complicated and tricky. You want to make sure that your needs are provided for, as well as those of your employees. Comparing different insurance can be time-consuming and difficult. We take the stress and headaches out of finding the best insurance policies. Our experienced staff members are here to assist you in finding insurance that is a good fit. We work hard to make sure that we meet or exceed the expectations of our clients. It is important that you don’t go without insurance. Not only is it the law, but if you don’t have insurance you are taking a big risk. If an employee gets hurt you could be in trouble financially and your business could be in jeopardy. Don’t take that risk! Count on SETO PEO SERVICES to find the best workers’ comp insurance in the United States. Learn more about our services for small to medium size businesses including HR solutions for workers’ compensation, payroll services, benefits and more. Contact us today for a free quote.