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  PEOCOMP.COM

 


 

 PEOcomp FAQ's

 

Easy Work Comp available only through your payroll company

 

 

 

 

How long does it take to get set-up and start submitting business?

 

The set-up process can take less than a day.  In order to start submitting business for quotes we must have signed agreement.

 

Which work comp mod is used?

 

Each client is issued a separate policy utilizing their own current modifier.  However, the PEO gets the benefit of building the rates into their service factor and cash flowing the clients premium in a manner that is virtually audit proof.

 

What do we do if a client terminates?

 

Simply notify our agency and we will take care of the rest.

 

How do we report premium?

 

Each Friday you will e-mail us a spreadsheet with premium information for each of your clients who ran payroll that week and we will initiate an ACH transaction for the premium you collected on behalf of your client..

 

How do we earn our transaction fee?

 

At the end of each month the Naught-Naught Agency will reconcile collected premium and remit the premium to GE Insurance solutions.  Your transaction fee will be remitted to you by Naught-Naught Agency by the end of the month proceeding the month in which the premium was collected and remitted to us.  You will earn a 1% transaction fee on the first million dollars remitted to us in premium and 2% on all premium thereafter.

 

 

 

 

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