Frank Pennachio, Practice Leader, Growth Solutions, wrote for Insurance Journal on how insurance agents and brokers can make informed decisions about professional employer organizations.
While PEOs promise streamlined payroll, benefits management, and cost savings, Pennachio urges agents to assess the potential hidden risks. These can include overlooked workers’ compensation liabilities, complex contract clauses, and unforeseen financial responsibilities if a PEO becomes insolvent. For agents, understanding the intricacies of PEO agreements is essential to guiding clients toward smart, risk-conscious decisions.
This is a summary of an article originally published by Insurance Journal.
