Historically, when hard markets occur or when comp carriers drop a PEO's policy, "fake" workers' comp providers seem to pop-up like weeds after a spring rain. Unfortunately, this seems to be a consistent trend within the industry. As Work Comp markets dry up and coverage costs rise, the temptation can lure some PEO operators to the dark side. PEO Agents and Brokers need to be on guard against questionable or downright fake work comp carriers for PEOs.
Here are a few of tips for you to bear in mind as you search for PEO solutions for your clients: