Do You Need PEO Insurance?

Liability Insurance

Professional employer organizations (PEOs) provide a number of services for businesses who may not have the resources to perform these tasks in-house. While the most common example of a PEO works as a staffing company, other departments are also outsourced to PEOs. This can include payroll services, human resources, employee benefits, and more.

Regardless of what type of PEO you are involved with they all have one thing in common – the need for PEO professional liability insurance.

How Are PEOs at Risk?

As found on, PEOs face exposure risk in three main categories.

  • Placement Exposure. This can involve all aspects of placing the wrong employee to a contracting client, including inadequate testing or screening.
  • Services Provided. This encompasses any services that are provided beyond the scope of performing a task, such as consulting or IT services.
  • Work Performed. Any action of an employee during work performed that results in a financial loss for the contracting company.

What Does PEO Professional Liability Insurance Cover?

Professional liability insurance helps protect you if a client sues you for negligence or other harms caused by the work provided by your agency. These policies can provide coverage for:

  • Errors – real or alleged
  • Negligence
  • Misleading statements
  • Omissions
  • Breach of duty or contract
  • Claims against the performance of professional services

It’s important for PEOs to secure adequate insurance to ensure that their business assets are protected. Without the right insurance, your entire company could be at risk.

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Customization Is the Way To Go

personalized insurance

In the past, consumers were only offered pre-packaged insurance policies that provided standardized coverage. However, consumers are demanding customizable policies that are designed specifically for them, such as homeowner and auto policies. Before you begin searching for your personalized auto insurance policy, you should understand how plans are customized and what insurance agents need to know to create your policy.

How Your Policy Is Personalized

The nature of a customized policy is that it is created for your specific needs, which means the policy doesn’t necessarily follow any set cookie cutter formula that everyone else has. The main goal is to create a plan that offers protection based on your needs and coverage for what matters most. To do that, an agent looks at a few deciding factors. According to Transparity Insurance Services, the personalization of your policy is based on the following aspects:

  • How many drivers are included
  • How often you drive
  • How far you drive
  • Where you drive
  • What personal assets are in the vehicle
  • What your driving record looks like

Create Your Unique Policy

Who wouldn’t want a personalized auto insurance policy that caters to their needs? In today’s world, most people do and it’s important to understand what factors determine the level of protection your unique plan can offer.

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A Good Auto Policy Provides Valuable Protection

car insurance quotes in CT

 car insurance quotes in CT


For younger drivers, the cost of car insurance is often quite high, but there are certain exposures associated with youths that demonstrate why they are made to pay a higher premium. Inexperience, recklessness, plus their being prone to distractions (texting, horseplay) all play a part in why the risk is considered much higher among newer drivers.


It’s important that they have a valid drivers license and auto insurance every time they get behind the wheel of a car. They are required by law to have at least the minimum requirement of coverage before they can legally be on the road. Parents must educate their children to the dangers of reckless behavior while operating a motor vehicle, which may help to avoid any serious consequences due to any inappropriate actions. They can also obtain car insurance quotes in CT that will help provide a policy at a reasonable rate.


What happens when you are involved in an accident?


Traffic accidents are an unfortunate part of life, and though an auto insurance policy provides protection there still may be concerns about the policy rates increasing after the filing of any required claim. In some instances the insurer may decide to cancel a policy altogether. Every time an accident occurs an agent and/or adjuster will analyze the damages using many variables, including fault, history of accidents, moving violations and number of auto insurance claims.


Depending on their findings, there may not be any premium increase. If the accident is the fault of your teenaged driver, and it results in property damage, this could affect any good driver discounts in place, and may trigger an increase in the premium amount. If someone is injured, a premium increase is a very likely scenario. This is why it’s important to stay focused and be attentive when driving.


Non-renewal & cancellation policy 


Different insurers determine what constitutes an unacceptable driving record by their own standards. The more serious incidents, for example accidents due to driving under the influence, will result in a cancellation, as well as make it difficult to get insurance from other companies as well. The bottom line is, always have a policy in place, and get car insurance quotes in ct for the most affordable coverage to protect not only the automobile, but also all parties that are involved.

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Business Coverage for Rental Fleet Liability

hired non-owned auto

An important way to protect businesses that use hired non-owned auto fleets is to carry insurance protection that affords coverage to these vehicles. There are several important target classes of vehicles that comes to mind when discussing non-owned vehicle coverage:

  • Food delivery
  • Hotel shuttles
  • Medical transportation
  • Couriers
  • Consultants

Protection Afforded by Hired & Non-Owned Auto Insurance

Perils covered under this type of insurance include the following:

  1. Hired Auto Liability – provides third party excess liability for vehicles used by your company on a short-term basis.
  2. Employee Hired Auto Liability – protects employees is the vehicle is rented under their names for the use of the organization.
  3. Non-Owned Auto Liability – expands third party liability, on an excess basis, to include non-owned vehicles used in business operations. Normally, this involves borrowed vehicles which have underlying Hired Auto Liability coverage.
  4. Hired Auto Physical Damage – affords physical damage coverage on a primary basis to vehicles that are owned by the company.

Why Your Business Needs This Coverage

Hired non-owned auto insurance covers bodily injury and property damage caused by a vehicle your company hires or by a non-owned vehicle used for business purposes. Visit with your insurance specialist to customize a policy that meets your company’s needs.

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3 Reasons You Need Hired Non Owned Auto Insurance

hired non-owned auto

When it comes to employees driving for work, who is liable during an accident is always a concern. For a staffing agency, this issue becomes even more fraught. If your employees are driving their own car or a client-owned vehicle as part of their contracted work, purchasing hired non-owned auto insurance aimed specifically at the staffing industry is a must.

Your Clients Can Be Covered

With a staffing-specific policy, you have the option to insure not only your business but to include coverage for your clients as well. This means that if your employee is driving a car owned by a client and is in an accident, liability that would fall on your business or your client’s shoulders can be covered.

Employee Vehicles Can Be Insured

Not only are client-owned vehicles able to be insured in a staffing-focused policy, with hired non-owned auto insurance an employee’s own vehicle can be added to protect you and your clients from liability. If an employee is in an accident while driving on the job, this policy can cover you.

Rental Cars Are Included

Known as the hired portion of “hired non-owned auto insurance,” a rental car being used by an employee on behalf of your staffing agency or a client can be included. It is worth deciding if purchasing insurance through the rental company each time your employee needs to hire a car is a better cost-savings, but if this is a not infrequent event, purchasing a rider to cover physical damages to the rental car, and not just the driver, may be worthwhile.

As unique as your many employees, your staffing agency will be best covered by a hired non-owned auto insurance plan specifically geared to the staffing industry.

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