| "body"> | | | | unaffordable. |
| Among the industries that can benefit from a PEO | | | | Professional Employer Organizations work with |
| company, roofers are near the top of the list. | | | | roofers to scale down their work comp insurance. |
| Professional, legitimately run roofing businesses are at | | | | When roofers use a PEO company, they can see |
| a serious disadvantage against their competition that | | | | dramatic savings- which bring down the |
| employs under the table, cash only paid roofers. A | | | | employee-related costs of the work performed. A |
| PEO company can level the playing field. | | | | roofer can see workers' compensation savings of 15 |
| When bidding jobs, a legitimate roofing company | | | | - 40% when using a PEO company. Unlike with |
| must consider much more then just the cost of | | | | traditional insurance or a state work comp program |
| supplies and hourly wages. They must also consider | | | | that require thousands of dollars to get started plus |
| their payroll taxes and workers' compensation costs. | | | | the monthly premiums, a PEO company will also allow |
| For many roofers, the costs associated with | | | | roofers to only pay a few hundred dollars to get |
| workers' compensation may be the biggest factor in | | | | started or $0 down, pay-as-you-go terms. |
| determining the competitiveness of their bids. | | | | PEO services can provide much more for a roofing |
| Before PEO services, small and new roofing | | | | business then just large workers' compensation |
| companies had little choice in workers' compensation | | | | savings. They can take on the responsibilities of |
| insurance because few of the traditional insurance | | | | managing payroll- saving time for the roofing business |
| companies would work with roofers. The insurance | | | | by providing employee checks and depositing payroll |
| companies that would offer work comp insurance for | | | | tax deposits. Roofers can focus on bidding jobs |
| roofers only worked with large, established | | | | instead of the many payroll concerns such as possible |
| companies that had the best safety records. If the | | | | audits, end of year responsibilities such as W-2s, or |
| traditional insurance company would not write a policy | | | | preparing government payroll reports ever again. |
| for your company, your only option was to go with a | | | | When the costs and time invested on the payroll |
| state workers' compensation program. Either way, | | | | move more in favor of the legitimate roofing |
| whether with a traditional insurance company or going | | | | business, they can bid competitively, win more jobs, |
| through the state work comp program, roofers | | | | and see significant increases in their profits. |
| workers' comp premiums were almost completely | | | | |