Year-End Preparation Best Practices Getting Ready for 2024 As of this communication, the individual work comp code rates for 2024 have not been published and shared. Below is more information from NCCI about the rate filing. We’ve also included best practices for PEO customers to help with their year-end preparations. A successful 2024 starts with…
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Things to keep in mind for our customers in the construction trades as they search for quality employees.
At Bridgely Key, we understand that running a successful business in the construction trades is hard work. That’s why we’re committed to providing our clients with the support and resources they need to thrive. As the premier provider of workers compensation insurance and payroll services to the construction trades, we’ve helped countless businesses across Florida…
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PEO and Small Business Experts Experience working for you. Bridgely Key Options has over 30 years of experience in all aspects of the PEO industry. Experience is something that can only be earned over time and we have put in the time. Whether you are an insurance agent curious about PEO sales opportunities or a…
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Great news for the construction industry A few weeks ago, Florida formally approved the workers compensation insurance rates presented by NCCI for 2022. This confirms another rate decrease for workers’ compensation insurance, especially for several construction-related classifications. Here are just a few: -1.14%, 5022 – Masonry NOC = $8.68 -20.95%, 5037 – Painting; Metal Structures,…
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Increased labor demands and high material costs are primary drivers for the construction industry to use a PEO.
MAY 2020 CONSTRUCTION JOBS Good news according to Construction Drive: The construction industry added 464,000 net new jobs in May, the largest monthly increase in construction jobs since the government began tracking employment in 1939 and a drastic improvement from April, which recorded the industry’s largest month-over-month job loss according to an Associated Builders and…
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Over 900 people a day are moving to the great state of Florida! That’s a lot of people! They are doing a lot for our growing economy. The part that’s relevant to this message is, all the construction that’s necessary to support our new residents as they get settled in – new office complexes, houses,…
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With so many opportunities as a PEO Broker or Agent, it’s easy to get overwhelmed. Are your commissions growing like you hoped? How is your client retention? Are you spending your time closing deals or servicing existing customers? Are you supplying all the services to your customers they need or are there existing untapped opportunities…
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Based on internal research, we believe there are an estimated 4500 construction companies in Florida, not using a PEO, that fit into prime work comp categories like; roofing, masonry, flat concrete, framing, and more. Even if our estimates are off substantially, it would still equate to a bunch of opportunity. Rates are published and have…
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