Recently Signed Bill Solidifies PEO's ability to Write Carve-Outs in TX
Great news for PEOs with clients in Texas, Gov. Perry recently signed Senate Bill 1286 into law allowing, among other things, for PEO client companies in TX to elect work comp coverage either through a master policy or on a stand-alone basis. Interpretation of two previous TX Supreme Court rulings (TX Work Comp Fund v. Del Industrial, Inc. and Wingfoot Enterprises v. Alvarado) led carriers in TX to not allow carve-outs previously. See the link below for the full text of the bill signed into law:
TX SB 1286 - Signed 2013-05-18
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The PEO Compass was founded by Paul Hughes in 2012. The PEO Compass is a friendly convergence of professionals and friends in the PEO industry sharing insights, ideas and intelligence to make us all better. All writers specialize in Professional Employer Organization (PEO) business services such as Workers Compensation, Mergers & Acquisitions, Data Management, Employment Practices Liability (EPLI), Cyber Liability Insurance, Health Insurance, Occupational Accident Insurance, Business Insurance, Client Company, Casualty Insurance, Disability Insurance and more.
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