561330

Professional Employer Organizations

Cyber Liability Insurance for NAICS 561330

CYB

Ranked reasons a business in NAICS 561330, Professional Employer Organizations, needs Cyber Liability coverage. Each reason is specific to how this industry actually loses money, and ends with the question to ask before the objection comes up.

  1. 01

    You are the employer of record for thousands of people.

    • Payroll, benefits, and employment records are held for every worksite employee.
    • Employment tax and reporting obligations sit with you.
    • Every affected employee across every client must be notified.
    ASK
    How many worksite employee records do you hold?
  2. 02

    Payroll has to run on the day it runs.

    • Employees are paid on fixed dates across every client.
    • Tax deposits have statutory deadlines with penalties.
    • A missed payroll affects every employee at every client at once.
    ASK
    How many employees depend on each payroll run?
  3. 03

    Benefits and health data carry privacy obligations.

    • Health plan enrolment and claims data is held for employees and dependants.
    • Health privacy law requires notification of every affected individual.
    • Penalties are assessed per record.
    ASK
    What employee health and benefits data do you hold?

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