Become a PEO Broker
Would you like to become a PEO Broker?We are aggressively adding independent agents and brokers to write more business through our PEO program. We focus on white, gray, and blue collar business with a mod of 1.25 or less. Our PEO processes all the certs, endorsements, and service requests. Once you write the account with us, it is yours for the life of the relationship.
Benefits of our Broker Program
- Increase revenue for your agency and retain 100% ownership of your book of business.
- Grow workers’ comp sales volume and commissions.
- No minimum premium requirements
- Earn generous residual commissions based on gross margin (G.M.) with no volume commitment, and commissions that don’t decline upon renewal.
- Offer your clients a No Down-Payment/No Audit option and pay-as-you-go premiums for workers’ comp.
- Ability to write start-ups, gaps in coverage, and less than 3 years of loss history.
- We do NOT have to use your client’s experience modifier. For example, if your client has a 1.25% mod, we could possibly price at .75, saving them 50 basis points.
We pay 25% of gross margin on a monthly basis that equates to between 10-20% of the premium. We do all this on a pay-as-you-go, no down payment, no audit platform.
What is the “Gross Margin” (G.M.) calculation?
The “gross margin” is defined as the amount left over from the gross invoice, minus the following expenses:
- Gross wages paid to the leased employees.
- All applicable local State and Federal taxes, and administrative fees that an employer is required to pay in connection with the client company’s leased employees (Often identified as FICA, Medicare, state unemployment, and federal unemployment taxes).
- The applicable premium costs for providing the client company with workers’ compensation insurance under the applicable workers’ compensation master policy of the PEO (Often identified on the invoice as “workers compensation”).
- All other costs mutually agreed-upon with the broker/agent.
Become a PEO Broker