Frequently Asked Questions
Below is information relating to some of the common ways in which a Insurance services are required. Click on one of the links below to jump to that section.
What is an Employee Leasing / PEO Company?
An Employee Leasing Company or Professional Employer Organization (PEO) is an outsourcing company designed to assist small, medium and large size companies to concentrate on their core business by taking away the headaches of payroll, workers’ compensation, and employment related tax burdens. PEO’s traditionally have a high deductible workers’ compensation policy that allows their clients to reap the benefits of being larger. In addition, with this large deductible the PEO is partially self-insured which permits the PEO to approve a business that standard line carriers traditionally decline.
Who uses All Industry Underwriters (AIU)?
Increasingly, small, medium, and large companies are finding tremendous value in a PEO relationship with All Industry Underwriters. Our clients include a wide variety of businesses including Roofing, Steel Erection, Staffing and other hard to place industries as well as service professionals including doctors, retailers, mechanics and engineers.
How does an arrangement work with All Industry Underwriters?
Basically, you enter the proven theory of strength in numbers. AIU’s PEO vendor has a master policy that pools small, medium, and large companies to create strength in numbers. This enables AIU to grant approvals where a declination was eminent with a standard workers’ compensation carrier. Once you contract with our PEO vendor a co-employment relationship is established and a PEO relationship is formed. Our PEO vendor now becomes responsible for providing payroll administration, tax compliance, unemployment claims administration, and workers’ compensation insurance coverage to your employees.
Why should I use All Industry Underwriters?
All business owners strive to lower rates on workers’ compensation insurance and to focus their time and energy on the “business of their business” and not on the “business of employment.” As companies grow, most owners do not have the necessary payroll and accounting skills, the knowledge of regulatory compliance or the background in risk management, state unemployment, commercial insurance, and employee benefit programs to meet the demands of being an employer. Our company gives you access to services and amenities you would not have otherwise.
How does All Industry Underwriters help me control costs and grow my bottom line?
AIU’s economy of scale enables you to lower employment costs and increase your company bottom line. You can maintain a simple in-house infrastructure or none at all by relying on us. The professionals at AIU can provide critical assistance with employer compliance, which helps protect you against liability. In addition, we provide time savings by handling routine and redundant tasks which enables you to focus on your company’s core business and grow your bottom line.
Who is responsible for state unemployment taxes?
As the employer for employment tax and employee benefits, AIU’s PEO vendor assumes responsibility and liability for payment of state-unemployment taxes.
Who is responsible for workers’ compensation?
Our PEO vendor is the employer of work-site employees for purposes of providing workers’ compensation coverage.
How long has our PEO vendor been in business?
In good standing since 1993.
What day is payday?
We deliver payroll Monday through Friday, based on when you want it and what day you want it dated. We process weekly, bi-weekly and semi-monthly payroll.
How much does All Industry Underwriters PEO services cost?
In most cases the cost of our PEO services is less than you are currently paying. For a free quote, please click to the right on quick quote, it’s totally FREE.
Avoid the State Pools or State Fund:
No need to pay more than the law should allow for workers compensation coverage. This program will save your company premium dollars and at the same time build an insurance history that will aid in future offerings within standard lines of insurance.
Is All Industry Underwriters licensed?
Yes. AIU’s PEO vendor is licensed and regulated by the Department of Business and Professional Regulation.
Will I lose control of my business?
Not at all. You retain ownership of the company and control over its operations. As co-employers, you will contractually share or allocate employer responsibilities and liabilities. A PEO will generally only assume responsibilities and liabilities associated with a “general” employer for purposes of payroll administration, payroll tax compliance, workers’ compensation, and employee benefits. You will continue to have responsibility for work-site safety, compliance, and day to day operations of your business. Because our PEO vendor is responsible for workers’ compensation, we also focus on and improve safety and compliance. In general terms, AIU will focus on employee administration issues and you will be responsible for the actual business operations.
How do employees benefit from an arrangement with All Industry Underwriters?
Employees seek financial security, quality health insurance, a safe working environment and opportunities for retirement savings. When a company works with All Industry Underwriters, job security is improved as we implement more efficient processes to lower employment costs. Job satisfaction and productivity increase when employees are provided with professional services, safety standards, and improved communications. Additionally, a co-employment relationship with our PEO provides employees with an expanded employee-benefits package, including a 401(k), life insurance, disability insurance, a flexible spending plan and more. Who is responsible for the employees’ wages and employment taxes? Our PEO vendor assumes responsibility and liability for payment of wages and compliance with the rules and regulations governing the reporting and payment of federal and state taxes on wages paid to its employees.
Who is responsible for employment laws and regulations?
As employers, both you and the PEO have compliance obligations. AIU’s PEO provides work-site employees with coverage under many employment laws and regulations, including federal, state, and local discrimination laws.
Does All Industry Underwriters’ PEO vendor supply new employees for a fee?
No. Unlike a “temp service” or “head-hunter organization”, our PEO vendor “hires” your current employees, and then leases them back to you at a much much lower rate.
How do I get started?
When you decide to use AIU we keep it very simple. After qualifying your company’s individual needs we assist in having each employee complete a small employee application, set up your payroll and we’re ready to go. The only responsibility you have is to report your payroll hours to our office. We process your payroll and call, fax, or email you with the total. We then deliver your payroll and management reports to you and collect one check for the entire thing. It’s that simple! Your accountant will now only have a one line entry for all your costs of being an employer.