This is a preview. View original post on this site
Insurance brokers and professional employer organizations (PEOs) are supposed to be competitors, right?
Wrong!
Actually, brokers and PEOs can form mutually advantageous partnerships that result in better service for their clients. Furthermore, brokers themselves can benefit significantly from working with a PEO.
Let’s explore how.
The broker-PEO relationship
Employee benefits brokers and property & casualty insurance brokers help their clients find and purchase comprehensive, high-quality coverage at the best possible price by engaging directly with several insurance carriers. Working independently or as part of a larger brokerage group, brokers earn a commission on the insurance plans they sell to clients.