LAND O’LAKES PEO: WHY USE A PROFESSIONAL EMPLOYER ORGANIZATION?
A Land O’Lakes PEO can provide aggregate buying power for businesses. Let us help you save on employee benefits, workers’ compensation and employer practices liability insurance.
WHAT IS A PEO?
PEO stands for Professional Employer Organization. It is a company which provides a co-employment situation, where your employees are also employees of the PEO in a shared responsibility and obligation agreement. The PEO will be the employer for payroll, workers’ comp, human resources, health and other benefits, while the client retains control of the employees on the worksite. Working together, the Land O’Lakes PEO and Client can achieve a safer workplace, streamline all the HR processes, spread out some of the risk, and ensure compliance with all local, state and federal regulations.
Sam Bond Benefit Group Is A Land O’Lakes PEO Broker That Saves Companies Time And Money
Business owners know that outsourcing can save them time and money. Many successful businesses use Professional Employer Organizations to transfer the administrative payroll and insurance responsibilities to the PEO. Many states, including Florida, refer to this as employee leasing (FS§468).
This unique relationship model enables employers to jointly purchase insurance coverage programs that are typically cost-prohibitive for smaller organizations. By pooling their risks and negotiating as a large group, employers are able to obtain affordable workers’ compensation policies and comprehensive employee benefits packages through our partner insurers. This collaborative approach saves client companies significant money. It also frees up valuable time and resources that would be spent on complex insurance procurement, administration, and risk management. It also helps limit an employer’s legal liability by ensuring compliant coverage is in place.
At Sam Bond Benefit Group, we have long recognized the importance of nurturing relationships through ongoing attentive service and communication. We conduct in-depth research into our partner insurance carriers operating within the Land O’Lakes region of Florida. This confirms that our records accurately reflect any changes to their business or offerings. In addition, we make regular contact through both call and in-person visits with our client partners to maintain open dialog and fresh understanding of their evolving needs.
We also proactively request timely renewal information from carriers and notification of any policy modifications. We strive to learn the names and roles of top executives as well as operational managers at our partner organizations. Experience in this industry have allowed us to develop familiar working relationships with many providers built on shared values. Strong partnerships are founded on such consistent qualities of character.