In the dynamic realm of insurance solutions, HRD Markets is dedicated to providing insurance agents with opportunities that not only benefit their clients but also enhance their own business portfolios. Discover three strategic scenarios where partnering with a Professional Employer Organization (PEO) through HRD Markets can be a game-changer for insurance agents.

1. Your Client is a Startup: Navigating Workers’ Comp Challenges

Embarking on a new business venture is exhilarating, but it comes with unique challenges, especially concerning workers’ compensation for startups. Often, startups lack the requisite experience for traditional workers’ comp coverage, presenting a dilemma for both the client and the insurance agent.

Here’s where HRD Markets steps in, offering an alternative to the state fund that proves advantageous for both parties. By presenting a PEO as an option, you equip your client with competitive workers’ comp coverage, a pay-as-you-go model, and comprehensive HR services, all at a rate often more favorable than the state fund. This approach not only secures your client’s business but also ensures you receive competitive commissions, solidifying your role as a trusted advisor.

2. Your Client Works in a Hazardous Industry: Mitigating Risk and Reducing Premiums

Clients engaged in hazardous industries, such as roofing contractors or towing companies, often face challenges in meeting underwriting guidelines for traditional workers’ comp coverage. HRD Markets, in collaboration with PEOs, offers a solution that can result in substantial savings for your clients.

Presenting a PEO as a viable alternative enables your clients to potentially save up to 40% on their workers’ comp premiums. This approach not only addresses their unique needs but also frees up financial resources for additional coverage, such as cyber liability insurance. By positioning HRD Markets as the conduit to these cost-effective solutions, you position yourself as a strategic partner invested in your client’s success.

3. Your Client is Facing a Rising MOD Score: Providing a Lifeline During Challenges

When a client faces a rising Experience Modification Rating (MOD) score, signaling increased workers’ comp premiums, you have an opportunity to be the bearer of a transformative solution. HRD Markets collaborates with PEOs that specialize in managing higher-than-average MODs, offering risk management services to navigate challenging periods.

By presenting a PEO partnership as an option, you not only assist your client in overcoming a tough year of workers’ comp claims but also position yourself as a thorough and considerate agent with your client’s best interests at heart. HRD Markets ensures that your client receives the support needed to transition to a claim-free year, fostering loyalty and trust.

HRD Markets: Elevating Agent Commissions and Client Satisfaction

At HRD Markets, we believe in synergy rather than competition between PEOs and insurance agents. By partnering with us, insurance agents gain access to alternative markets for workers’ compensation, increasing commissions without the fear of diminishment.

Our streamlined process simplifies the journey:

  • We shop the PEO market, returning a competitive quote.
  • We provide sales assistance, onboard the client, and service the account.
  • You become the broker of record and start receiving competitive commissions.

Take advantage of our expertise in working with top-rated carriers, ensuring fast underwriting and one-day price indications. With HRD Markets, you empower your clients, enhance your commissions, and secure lasting partnerships in the insurance landscape.

Ready to transform your approach to workers’ comp challenges? Contact us at HRD Markets and explore a world of possibilities for you and your clients!

In our introductory video, discover how HRD Markets provides insurance professionals and brokers with real solutions!

As a Licensed Wholesaler, we offer bundled solutions—audit-free workers’ comp, no-cost payroll, and more. Sales assistance and onboarding are handled for you.

Don’t miss out! Watch our introductory video for more information.

What is Human Resources Development?

Human Resource Development (HRD) refers to the process of developing the knowledge, skills, and abilities of employees in an organization. The goal is to create a workforce that is able to meet the challenges of a rapidly changing business environment.

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