Here’s an excerpt from an article by Jack Terrana, VP Tempworks Venture, that will appear in an upcoming issue of Staff Digest.
If you don’t own the employees, you don’t own the business. Do not be lulled into walking down the path of least resistance when it comes to insurance. You have one product – people. They are your employees, your only real tangible asset. PEOs and similar “employer of record” services appeal like an entrepreneurial lollipop. No waiting for comp, no down payment, no aggravating audits or claims. Wow, sounds good, where do I sign?
You don’t. You exhaust every possible option to secure your own workers comp coverage and when you are ready to give up, just keep repeating the mantra “if you don’t own the employees, you don’t own the business.”
