PEO Pointers

March 2006

Featured Tips & Strategies

The Basics of Electronic Automation
Industry veteran Rex Eley provides an introduction to key terminology and legal basics for PEOs considering the transition needed to become a "paperless PEO." Click here to learn more.

Large Account Traps
Adding a large new client is great - it means added credibility, lots of cash flow and profit - right? Well, maybe or maybe not! Click here to learn more.

Featured Industry Best Practices

Risk Assessment and the Description of Operations
The importance of detailed descriptions of client operations can easily be overlooked in the PEO client risk assessment process. The desire to make a quick sale or the perceived need to be "short and concise" in preparing a RFP or a risk assessment report for an existing client may overshadow the importance of determining the true nature and magnitude of key risk exposures. Click here to learn more.

Industry Updates

IMPORTANT: Your Input on NAIC Draft Needed
A draft of proposed model state regulation for PEO workers' compensation coverage is currently being circulated by the NAIC. It is extremely important that all PEOs carefully review and provide their input on this draft rule! Click here to learn more.

WC Risk Management Workshop Coming Soon
NAPEO and the Certification Institute have scheduled the second annual PEO Workers' Compensation Risk Management workshop scheduled for April 4-5, 2006 in Tampa. Over 170 attendees provided enthusiastic feedback after the 2005 workshop, and the 2006 edition promises to be even better. Click here to learn more.

WC Carrier Representative Joins Certification Board
Bob Snashall, chairman of the PEO Workers' Compensation Risk Management Certification program, recently announced the addition of a new WC carrier representative to the certification board! Click here to learn more.

ESAC Financial Assurance Increase Attracts Attention
The February issue of HR Solutions Today featured an article on ESAC's Client Assurance Program and its recent increase in surety bonding. Click here to learn more.

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