Reduce Roofers' Workers' Compensation With a PEO Company

 Among the industries that will take advantage of a PEO company, roofers are nearby the the top of list. Professional, legitimately run roofing businesses have reached a critical disadvantage against their competition that employs underneath the table, cash only paid roofers. A PEO company can level the playing field.

When bidding jobs, a legitimate roofing company must consider a lot more then just the price of supplies and hourly wages. They must also consider their payroll taxes and workers' compensation costs. For all roofers, the costs related to workers' compensation may be the biggest factor in determining the competitiveness of the bids.

Before PEO services, small and new roofing companies had little choice in workers' compensation insurance because several traditional insurance companies would assist roofers. The insurance companies that would offer work comp insurance for roofers only worked with large, established companies that had the most effective safety records. If the standard insurance company wouldn't write a policy for the company, your only option was to go with a state workers' compensation program. In any event, whether with a traditional insurance company or going through their state work comp program, roofers workers' comp premiums were almost completely unaffordable.

Professional Employer Organizations work with roofers to scale down their work comp insurance. When roofers make use of a PEO company, they could see dramatic savings- which bring down the employee-related costs of the task performed. A roofer could see workers' compensation savings of 15 - 40% when employing a PEO company. Unlike with traditional insurance or a state work comp program that want tens of thousands of dollars to begin with in addition to the monthly premiums, a PEO company will also allow roofers to only pay a hundred or so dollars to get started or $0 down, pay-as-you-go terms.

PEO services can offer much more for a roofing business then just large workers' compensation savings. They are able to take on the responsibilities of managing payroll- saving time for the roofing business by providing employee checks and depositing payroll tax deposits. Roofers can give attention to bidding jobs instead of many payroll concerns such as possible audits, end of year responsibilities such as W-2s, or preparing government payroll reports ever again.