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Risk Management

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human resources, Professional Employer Organization (PEO) Services, Risk Management, Workers Compensation

Workers’ Compensation — Ensuring the Safety and Wellbeing of Your Most Valuable Asset

Before we dive too deep into the details of PEO workers’ compensation solutions, let’s first define the term together. Nationwide defines workers’ compensation as a type of insurance that “provides medical expenses, lost wages, and rehabilitation costs to employees who are injured or become ill in the course and scope of their job. It also pays death benefits to families of employees who are killed on the job.” 

Of course, we all want our employees to be happy, healthy, and safe. But when a crisis occurs, it’s good to know you’re not alone and that you have a proper plan in place. Most states actually require organizations with employees (who are not owners of the business), to purchase workers’ compensation to cover their employees if a problem were to arise. In fact, businesses that do not provide workers’ compensation coverage can face severe — and often extremely expensive — consequences. Punishments can range from paying claims out of pocket, penalty fines, imprisonment, and potentially losing the ability to conduct business in their home state. These repercussions can cause real harm to an organization’s financial state and/or reputation. Thankfully, these concerns can be eliminated with the proper workers’ comp packages and awareness. PEOs like INVO offer safety and prevention, cost containment, aggressive fraud investigation, and diversion programs to give you the comprehensive workers’ compensation solution you are looking for. 

Modern workers’ compensation helps injured workers recover faster with minimal damage to the business. By partnering with a PEO, your business can better navigate the confusing, bureaucratic workers’ compensation landscape. The INVO team is skilled in all aspects of workers’ compensation to protect our clients and their employees. Learn more about our unique business solutions by contacting our team of seasoned business professionals.

human resources, Professional Employer Organization (PEO) Services, Risk Management, Workers Compensation

Risk Management: Giving Business Owners A Sense of Preparedness 

Even with extreme caution and care, some risks are difficult to manage or even predict. Now more than ever, risk management is a crucial aspect of running a business, meaning it can become time-consuming and confusing. Luckily, there are steps you can take to keep your hard work and investment as secure and safe as possible, and by partnering with a PEO, you can ensure any potential risks are handled accordingly. The INVO team looks at client risk management from two perspectives: managing the risk of being an employer and managing the safety risks associated with your employees’ tasks. By partnering with INVO PEO, you can reduce – and even eliminate – many of those risks, including those associated with compliance, employer practices, tax filings, and human resources. Costly injuries can harm your business for years to come, meaning it’s better to be prepared than sorry. 

Here are just a few ways a PEO like INVO can help organizations manage risks:

Workers’ Compensation: PEOs offer safety and prevention, cost containment, aggressive fraud investigation, and diversion programs to give you the comprehensive workers’ compensation solution you are looking for.

Employee Handbooks and Policy Manuals: Policy manuals, including things such as drug and alcohol policies, post-accident policies, and dress code policies, provide essential information relating to business processes and standards for performance and more.

Compliance Services: Compliance issues can pose a major risk to business owners, and no one wants to be fined by the IRS or Department of Labor. PEOs can mitigate many of these risks and safeguard your hard work. 

We understand that you want your employees to be safe and productive — we do, too! PEOs offer risk management strategies that help you resolve any issues that could put your company and your employees at risk. Be prepared to handle anything that comes your way. Let’s work together.

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Risk Management

Is Your Company Guilty of These 9 Workplace Safety Policy Mistakes?

As much as we try to avoid them, accidents happen. This is why it is important to make sure your company has an effective workplace safety policy. However, that policy goes out of the window if you fail to follow all the procedures outlined within.

To help ensure your company doesn’t suffer from easily avoidable accidents, we have put together a list of all the common workplace safety mistakes, as well as simple ways to avoid them. The accident causes are easy to miss but preventing the accidents are even easier.

workers comp certification
Company News, Risk Management, Workers Compensation

INVO PEO Earns PEO Workers’ Compensation Risk Management Best Practices Certification

INVO PEO recently received the Workers’ Compensation (WC) Risk Management Best Practices Certification from the Certification Institute (CI).

The WC Risk Management Best Practices Certification program was developed to provide independent professional verification that INVO PEO’s risk management program is meeting proven insurance industry risk management best practices to reduce work-related accidents and health exposures and control WC insurance losses.

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