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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. |