The document summarizes an upcoming webinar for staffing agencies and PEOs about understanding and protecting against contractual risks when assuming customer liability. It provides details on the webinar topics, date, registration information and contact for the webinar hosted by Assurance Staffing. It also includes brief summaries of recent tax credit extensions for staffing companies and upcoming industry event details.
1. Staffing Practice Update: Trusted, dependable, specialists.
Serving Staffing clients since
Staffing/PEO Webinar 1961.
Staffing agencies and PEOs routinely enter into contracts
with their customers whereby they assume the liability of Where we’ll be:
their customer. Join us for an informative webinar to better Assurance Staffing Practice
understand the risks associated with this and how to protect representatives will be attending
your company. Learn more and register now. or sponsoring the following
upcoming event(s):
FOCUS: Understanding Contractual Risks
WHEN: February 22,2011 (Online) 2011 TempNet Annual Convention
TIME: 12-1p.m. CST & Tradeshow
COST: $49, Clients attend for free February 23-25, 2011
Huntington Beach, CA
Register for this webinar today!
Web: www.assuranceagency.com/university Staffing Industry Analysts’
E-mail: university@assuranceagency.com Executive Forum
Phone: 847.463.7171 February 28–March 3, 2011
Miami, FL
Market Update:
Tax Credits ANSERTEAM Conference 2011
Recently, congress extended many great tax programs with March 23-25, 2011
the passing of the 2010 Tax Relief Act. Two of the most New Orleans, LA
lucrative programs that were extended are the Work
Opportunity Tax Credit (WOTC) and the Empowerment Zone
Driver Employment Council of
(EZ) incentives. The WOTC program received yet another
America (DECA)
extension at the end of 2010 through the Tax Relief Act.
Spring Educational Seminar
With this extension, businesses will continue to be awarded
March 23-25, 2011
with federal income tax credits through the end of the 2011
Scottsdale, AZ
for hiring and retaining employees within certain target
groups. These employees must work at least 120 hours in
their first year of employment to receive any credits. Assurance key facts:
However, once an employee works more than 400 hours the • Over 400 staffing clients
potential tax credit amount increases. • Located in 50 states
• 22 workers' compensation
Maximum Maximum Credit markets
Hours Worked • 30 insurance professionals
Qualified Wages Amount
focused exclusively on staffing
0 to 119 $0 $0 • Dedicated claims advocacy team
• Certified ASA continuing
120 to 399 $6,000 25% = $1,500 education provider
2. Proud members of:
400+ $6,000 40% = $2,400
• American Staffing Association
• National Association of
The Empowerment Zone tax incentive is a federal tax credit Professional Employer
that was created to help stimulate growth in distressed Organizations
urban neighborhoods and rural areas. Special emphasis is • National Independent Staffing
placed on economic growth and social development that Association
strive for long-term change and demonstrates working • Staffing Services Association of
partnerships among various governmental entities. To Illinois
receive federal credits a staffing company must be located • TempNet
within the zone and the employee must live and work within • Over 20 state associations
the zone. Once these requirements have been verified, the
employee would need to have worked the minimum of 90 Contact an Assurance
days for the staffing company to be eligible to receive the representative:
tax incentive. Mike Atieh, ARM, SCLA, CPCU
matieh@assuranceagency.com
Maximum Maximum 847.463.7207
Credit Name Qualified Credit
Wages Amount
Robert Barrese
Empowerment Zone (EZ) $15,000 20% = $3,000 bbarrese@assuranceagency.com
847.463.7183
For questions regarding tax credits or to discuss your
Jim Breck, SCLA
options in greater detail, please contact your Assurance
jbreck@assuranceagency.com
representative.
847.463.7165
Source: Stacey May, Tax Credit Program Manager, Honkamp Robert Dunn, CPCU, ARM, AU
Krueger & Co., P.C.
rdunn@assuranceagency.com
847.463.7258
Client Resources (access additional resources online):
Risk Management Product Discounts Jeffery Friedrich, ARM,CPCU
Access discounted pricing on quality and innovative risk jfriedrich@assuranceagency.com
management products such as background checks, drug 847.463.7236
testing, integrity testing, safety videos, and protective
equipment at http://assurance.riskproducts.com. Guy Jacobucci
gjacobucci@assuranceagency.com
Sponsor Highlights: 847.463.7233
Kurt Murray
CRC Insurance Services kmurray@assuranceagency.com
is a leading Wholesale 847.463.7154
Insurance Brokerage Diane (Bozic) Poljak, ARM
Firm, specializing in Property, Casualty, and Professional dpoljak@assuranceagency.com
risks. CRC wrote over $1.7B in premium during 2010. Of 847.463.7298
that amount, roughly $315M came from the placement of
Professional Liability policies - including those for staffing Jeff Tuisl, CPCU
companies. jtuisl@assuranceagency.com
847.463.7245
Philadelphia Insurance
3. Companies (PHLY) specializes in the temporary staffing Quote of the month:
industry. PHLY understands how to provide a flexible and “Most of the successful people I've
comprehensive insurance program for risks all across the known are the ones who do more
United States. Below are 8 reasons to choose Philadelphia listening than talking.”
Insurance Companies for Temporary Staffing Agencies: -Bernard Baruch
1. Admitted paper and solid AM Best rating of A+/XIV
2. Non-auditable www.assurancestaffing.com
3. Claims Made or Occurrence coverage trigger options
for errors and omissions coverage
4. Employment Practice Liability coverage extends to
“placed employees” of the temporary staffing firm
5. Blanket Waiver of subrogation under the General
Liability
6. Third Party Fidelity coverage (on client site) available
by endorsement
7. Business Income and Extra Expense – Actual Loss
Sustained coverage available
8. Interest-free installments available for accounts that
generate at least $2,000 in premium
Types of Staffing Firms We Serve:
Temporary Staffing
Recruiting and Placement Services
Temporary to Hire
Employee Leasing/PEO
Independent Contractors
Work First Casualty is a
workers’ compensation carrier
providing insurance solutions
solely to the staffing industry.
As the only insurance company focused exclusively on the
staffing industry, they understand the unique challenges
you face every day. They also understand that after people
costs, workers’ compensation is your company’s largest
expense. A focus on performance and service by a team
comprised of staffing and insurance veterans is supported
by solid financial backing. By working with them, they hope
you will come to see the insurance premiums you pay as
more of an investment than an expense. Your investment in
Work First yields real dividends in the form of industry-
specific and industry-best claims management, loss
prevention, and underwriting services.
For additional information on any of our sponsors, please
visit their website by clicking on their logos.