Staffing Practice

Walnut Risk Management specializes in the Staffing industry.  We not only serve as an insurance brokerage, we serve as a consultant to your staffing business. We are able to provide unparalleled options for workers’ compensation programs, PEO, ASO, and EOR options, consultation on entity structure, claims management, actuarial services and loss control services to our clients.

Workers' Compensation Programs

• 15 Standard Market Carriers who have an appetite for staffing
• Guarantee Cost Captive option with the ability to earn back half of your premium
• Group Captives for Staffing Companies
• Single Parent Captives

PEO / ASO / EOR

We can provide options combine your workers’ compensation program, essential administrative tasks of human resources, payroll, loss control, employee benefits, legal services, and IT into a third party.  This can eliminate the need for back office support, you can benefit from using the Experience Modification factor of a separate employer who may be able to get much lower rates, as well as provide many other benefits.  With this model in place many staffing company feel relieved of administrative burden and can focus on growing their business.

Our Process

Our approach starts with getting to know your business, what is important to you, and what your goals are.  We get to know your client base, class codes, and loss history.  Our reputation with our staffing insurance carriers allows us to tell the real story of what your business is.  We firmly believe that you should not be punished for losses tied to clients that you no longer work with, class codes you no longer work in, fraudulent claims and other items that make your staffing company unique.  It is our goal to get you better-than-market pricing.

Entity Structure Consultation

The way your entity is structured can give you major benefits with your workers’ compensation program.  In certain situations it can help protect your Experience Modification Factor. We work with you to get your payroll coded in the most cost efficient way possible to increase your margins.

Claims & Loss Control Services

You have access to a Claims Advocate to help monitor open claims, provide expertise on difficult claims, and monitor open reserves with expertise in specific state laws across the U.S.

Our Loss Control services and expertise in best practices in your industry help your company perform at the highest level.  Being a workforce driven industry, we help to keep your workers safe, and help you with your recruiting process.

Actuarial Services

Walnut Risk Management will bring actuarial expertise to our clients who wish to pursue different retention levels or who take a different approach to self-insurance.