PEO Insurance Meaning
PEO Insurance refers to Professional Employer Organization (PEO) Insurance, a service that allows businesses to outsource their human resources functions, including employee benefits, payroll, and insurance coverage. A PEO arranges for employee benefits and workers’ compensation coverage for client companies. This insurance provides employees with comprehensive health, disability, and other benefits while the PEO manages administrative tasks.
Synonyms for PEO Insurance
Employee benefits insurance
Outsourced HR insurance
Workforce insurance
Group insurance through PEO
Employer liability insurance
Co-employment insurance
Payroll and benefits insurance
Employee compensation insurance
HR outsourcing insurance
Group health insurance
Antonyms for PEO Insurance
Individual insurance
Self-insurance
Personal health insurance
Employer-provided insurance (without PEO)
Direct coverage
Private insurance
Non-PEO insurance
Traditional workers’ compensation
Non-group insurance
Non-cooperative employer insurance
Short Sentences Using PEO Insurance
The company partnered with a PEO to provide comprehensive insurance benefits to their employees.
PEO insurance allows small businesses to offer large-scale employee benefits at a lower cost.
With PEO insurance, employees receive better healthcare coverage than they would independently.
The PEO insurance package includes workers’ compensation and liability coverage for all staff.
By using a PEO, the business reduced the administrative burden of managing employee insurance.
