multiple coordinated policies
Multiple coordinated policies are an arrangement of workers compensation insurance coverage typically used in the residual market to ensure that workers leased through an employee leasing company/professional employer organization (PEO) are afforded coverage without gaps or overlaps.
multiple coordinated policies
Multiple coordinated policies are an arrangement of workers compensation insurance coverage typically used in the residual market to ensure that workers leased through an employee leasing company/professional employer organization (PEO) are afforded coverage without gaps or overlaps.
Additional Information
This is achieved by having the leasing company/PEO and each of its clients purchase separate policies that have a common expiration date and are written by a single insurer. Then the multiple coordinated policy endorsement is added to each policy, which specifies which leased employees are covered by that policy.
