MPG SOLUTIONS > ADMINISTRATIVE SERVICE ORGANIZATION (ASO)
WORKERS’ COMPENSATION SOLUTIONS: ASOs FOR DISTRESSED RISKS & INDUSTRIES.
UTILIZING AN ADMINISTRATIVE SERVICEs ORGANIZATION TO SECURE WORKERS’ COMPENSATION INSURANCE
The Administrative Service Organization (ASO) aka Master Policy Payroll Opt-Out Program, is a premium only, all states, “A” rated, pay as go hybrid. The ASO entity has a master WC policy structure in the background but allows the client company remain employer of record for payroll and related taxes thereby obligated to perform all payroll related functions using their own systems, tax #s, and bank accounts. Detailed payroll/employee/code/state is then reported to the ASO on a pay period basis for proper WC coverage and the calculation and payment of premium to the ASO by the client company based on mutually agreed upon rates.
On the ASO side, the actual WC policy insurance coverage and claims management is handled under a master WC policy structure. As such, the client company can take advantage of the ASOs favorable WC program, lower upfront cash needed, certain loss control and other services, pay premium only on a pay as go basis for better cash flow, and not have to go thru year-end premium audits. The ASO model is ideal for mid-sized Staffing firms and other types of companies with $150k+ in premium.
We call our ASO program, the next best thing to the standard market and in some ways even better!
ASO & PAY-AS-YOU-GO WORKERS’ COMPENSATION
The ASO uses a pay-as-you-go process, providing employers with better cash flow management. With pay-as-you-go, the client pays the premiums during an actual payroll period or monthly. This is unlike traditional Workers’ Compensation billing, which is based on anticipated or estimated annual gross payroll wages to determine an estimated annual premium, and requires an audit to make any premium adjustments based on annual payroll wages versus what was originally estimated. Pay-as-you-go can protect the business from audit surprises, and there are lower upfront down payments.
MPG SOLUTIONS
With more than 30 years of experience and many millions in payroll/premium in our programs, MPG can find a Workers’ Compensation solution for most any distressed risk in any industry. We do this through our carefully selected, vetted and contracted Standard Markets, Administration Service Organizations (ASO), Professional Employer Organizations (PEO), Employer Of Record (EOR), and Captive program markets. MPG delivers to Agents & Brokers and their clients the right tailored solution. One size does not fit all when it comes to Workers’ Compensation solutions.