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Professional Employer Organization
Posted: Mon Dec 20, 2010 3:35 pm
by mclureins
Any ideas on carriers writing work comp companies looking to become PEO's in California? I hear most premium start around $100,000 which is fine. Any ideas would be really helpful!!
Thank you!
-Ray
Re: Professional Employer Organization
Posted: Tue Dec 21, 2010 12:04 pm
by cincyagent
Artex-Cedar Hill is an MGA/MGU for PEO multi-state (including CA) work comp programs for the PEO and their client companies.
Artex Cedar Hill, Artex Risk Solutions, Inc.
8800 E. Chaparral Rd., Suite 230
Scottsdale, AZ 85250
http://www.cedarhill.com/
Contact: Andy Atsaves
(480) 951-4177 x223
Another is
Robertson Ryan & Associates, Inc
www.robertsonryan.com
Contact: Chris Anderson
(262) 886-0130
Most require a minium of $50,000 in premium to get started. Multiple options are available in each of the respective brokers programs. I've worked with both and currently have a multi-state work comp program in force through Artex-Cedar Hill (written on Zurich paper) for a PEO in Ohio with multiple client companies/locations across the US.
Re: Professional Employer Organization
Posted: Tue Dec 28, 2010 12:58 am
by Broderick
It all depends on your decision that how much profit you want from business then premium will to a matching figure.Normally most of the business class expect only 10% from the starting business.
Re: Professional Employer Organization
Posted: Tue Dec 28, 2010 6:42 am
by Big Dog
Much will depend upon what classes of business this PEO handles, along with what REAL loss control and other claims mitigating services they offer. That is, if they are a "jack of all trades" and handle class codes from the lowest potential for loss, to the higher severity classes, chances are they have limited knowledge on how to address the loss producing conditions for all of those classes.
In a previous life , I underwrote quite a number of PEO's for several insurance brokers in SoCal. A good, solid PEO that actually delivered the "service" they claimed to offer was hard to find. Most were glorified temp agencies looking to make a quick buck and didn't give a rat's pajamas about the employer, or their "employee".