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.

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.

FAQ: Workers’ Compensation for Professional Sports Leagues and Teams

Do professional sports teams need workers’ compensation insurance?

Workers’ compensation requirements vary by state and by the structure of the sports organization. Professional athletes and coaches may also be subject to special provisions in certain states. Leagues and teams should work with experienced insurance professionals to determine the coverage required for their employees and operations.

Can you provide workers’ compensation for professional athletes?

We can help insurance agents pursue workers’ compensation solutions for professional athletes, including players participating in established and emerging professional sports leagues. Availability depends on the sport, league structure, locations, payroll, loss history, and applicable state requirements.

Can workers’ compensation cover coaches as well as players?

Yes, workers’ compensation programs may include eligible coaches and other employees in addition to professional athletes. The appropriate coverage depends on the employment relationship and applicable workers’ compensation requirements.

Can you help professional sports leagues operating in multiple states?

Yes. Multi-state workers’ compensation is one of our specialties. We can help agents evaluate professional sports organizations whose players and coaches work, practice, travel, or compete in multiple states.

What professional sports can you help insure?

We can pursue workers’ compensation solutions for a variety of professional and minor league sports, including volleyball, softball, baseball, basketball, tennis, lacrosse, soccer, pickleball, paddle and platform tennis, Wiffle Ball, and other professional sports organizations.

Can you help new or emerging professional sports leagues?

Yes. New ventures and difficult-to-place accounts are a major focus of PEO Insurance Brokers Network. We can work with agents representing emerging leagues and sports organizations that may have limited workers’ compensation options through traditional carriers.

Do you provide workers’ compensation for both men’s and women’s professional sports?

Yes. We can help agents pursue workers’ compensation solutions for eligible players, coaches, and employees of both men’s and women’s professional sports organizations.

Is there an alternative to state workers’ compensation programs for professional sports teams?

Depending on the organization, jurisdiction, and applicable workers’ compensation requirements, private-market or PEO-based solutions may be available. PEO Insurance Brokers Network specializes in helping agents explore alternatives for difficult-to-place and multi-state workers’ compensation accounts.