PEO Insurance for Companies with a Lapse of Coverage

If you have a client with a lapse in coverage, we’re here to help!

When it comes to spending money, let’s face it, your insured is not thrilled about paying a workers’ comp premium. Most employers are looking for ways to cut costs, not add expenses. While keeping expenses low and manageable is essential, unfortunately, most employers are not well versed in the repercussions of cutting their workers’ compensation insurance.

PEO Insurance for Companies with Lapse of Coverage
Clients with Lapsed Coverage

Penalties

For some, it may seem like an unnecessary expense, but penalties range from state to state by the dollar amount of the fine or even jail time. Nearly every state requires workers’ comp insurance once a company has reached a certain number of employees. A lapse in coverage is, well, not a good look. It’s difficult to find coverage once a company has forgone this expense.

How to Help a Client with Lapsed Coverage

Lapses

When it comes to a lapse in coverage, at PEO Insurance Brokers Network, we understand that educating the insured is vital and past actions are not an indicator of future operations. Not all lapses are created equal and our team is dedicated to helping you get proper coverage for your insured. If you have a client with a lapse in coverage, contact us, we’re here to help.

Ready to find out more? Getting started with PEO Insurance Brokers Network is easy.

01.

Fill out the form below.

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A representative will reach out to you.

03.

Set up coverage for your insured.

Warehouse Industry – Forklift Accidents

Find Workers’ Compensation Coverage for Your High-Risk Insured

Your insured’s industry, Ex-Mod, claims history, or previous coverage problems should not automatically prevent you from finding a solution.

PEO Insurance Brokers Network helps agents navigate difficult workers’ compensation placements across construction, transportation, healthcare, staffing, roofing, tree service, manufacturing, warehousing, recycling, logging, cannabis, security, USL&H, and other high-risk industries.

Explore the industry-specific pages above to learn more about available solutions, or contact PEO Insurance Brokers Network to begin finding the right PEO or workers’ compensation program for your insured.