Nationwide Employer Services (NES), is an independent, all states provider of alternative Workers' Compensation Insurance and administrative business solutions to Workers' Compensation distressed risks and industries such as Staffing, Trucking, Construction, and Agriculture operations.
To achieve this, NES partners with carefully selected, high quality and strategic, PEO (Professional Employer Organization), EOR (Employer of Record), and ASO (Administrative Service Organization) operations to bring NES clients the right tailored solution for them, as one size does not fit all when it comes to Workers' Compensation and administrative business solutions.
NES has been in the alternative Workers' Compensation Insurance and administrative business solutions space for over 25 years and currently services over $600 million in payroll in these programs.
Let us at NES, with our vast expertise and connections, help you find the best overall solution for your business and position you with an edge over the competition.
Professional Employer Organization
A PEO provides a service which includes WC coverage on the risks workforce. PEO is ideal for Staffing entities. The PEO becomes the sole statutory employer of record for the workforce and becomes solely obligated to pay payroll, payroll taxes, and to manage and pay WC claims that occur...for employee benefits purposes, the relationship is considered co-employment, and as such the risk can retain or secure all/some employee benefits outside of the PEO and/or use all/some of the PEO's benefits. Risks need to be underwritten by both the PEO and their WC carrier which makes approval time a bit longer and more difficult to obtain in some cases than with an EOR. The risks name shows on COIs in the insured box. Upfront $ required is relatively low and a PEO offer can usually be provided in 1-3 weeks.
Employer of Record
An EOR provides a service which includes WC coverage on the risks workforce. EOR is ideal for Staffing entities. EOR becomes the sole statutory employer of record for the workforce and becomes solely obligated to pay payroll, payroll taxes, and to manage WC claims that occur. Risks need only be underwritten in-house by the EOR to secure WC coverage for the workforce making it much easier and faster to obtain bindable quotes. The risks name shows on COIs in the description box. Upfront $ required is low and an EOR offer can be provided in a week or less.
Administrative Service Organization
For larger risks with $1M or more in premium. ASO is ideal for Staffing entities. An ASO is a program which allows the risk to remain the employer of record, pay taxes under the risks Fed/State tax #s, and be the named insured on a WC policy. The risk needs to be underwritten for its own policy by both the ASO and the WC carrier which makes approvals more time consuming and difficult to obtain than with an EOR or a PEO. The risks name appears on COIs in the insured box as the insured party. Upfront $ required is in the medium to high range and an ASO program usually takes 2-4 weeks.
- With substantial payroll exposure in higher cost class codes
- With higher experience modifications
- In industries carriers don't like, ie: restaurants, staffing, trucking etc.
- Multi-state exposure risks
- Start-ups, small risk, and portions of total exposures
- in one or more state pools paying debits
- Considered highly Worker's Compensation distressed for any other reason
- Overall cost less more than curr cost in most cases
- Upfront $ less
- Quote turn time is short
- All Workers' Compensation coverage is in one place
- New codes and states are added quick and easy
- Unemployment & Workers' Compensation claims are handled
- Employer liability for employer/employee issues and taxes is handled and becomes our obligation
- Employee related HR/legal handled by us and obligation of us
Over $600 Million Under Management