What the heck is a TPA?

You’ve heard of Workers’ Compensation, and if you are a small business owner in Ohio, you know the rules are different here than in most other states. But did you know there are experts ready to help you get the best rates, find discounts, and understand everything you need to know about Ohio Workers’ Comp? We are talking about TPAs – Third Party Administrators.

Host Mary McCarthy talks to Brett Pizzuto, a Business Development Manager with Compensation Solutions Inc., a third party administrator in Powell. TPAs support small businesses, helping them navigate Workers’ Comp and make sure they receive all the benefits allowed to them.

“As a TPA, we are an advocate on behalf of our clients or Ohio businesses, where we help manage or administer Workers’ Comp claims. In addition to that, help save them money either through discount or rebate programs.” ~ Brett Pizzuto

If you are an Ohio small business with one employee or more, you are required by law to pay for Workers’ Compensation. Business owners need to understand the rules so they receive the coverage they need but do not overpay, and solopreneurs need to understand the requirements before they grow their business and add employees. The website for the Ohio Bureau of Workers’ Compensation is a great resource for entrepreneurs, but it can be overwhelming because of the sheer amount of information there.

That’s where a TPA can help.

“{We keep our clients} compliant and out of trouble. There is a return on investment, especially if you look at how much money we could potentially save you by putting you in a discount program or in a rebate program. We always want to show the value in what we do as a third party administrator, and the cost savings are huge.” ~ Brett Pizzuto

Time and money are especially precious to microbusiness owners, who often handle many roles inside their business. That’s why it helps to have a smart team of people to help in areas where they are not an expert.

What you will learn from this 15-Minute Podcast:

  • A thorough understanding of who a TPA is, and what they can do for your small business
  • Why Ohio’s system for Workers’ Compensation is so different from other states
  • The advantages of Ohio’s Workers’ Comp system
  • How a TPA can save your small business money

 

 

If you liked this podcast, you might like our “This Is Why You Need To Know About Workers’ Comp” podcast.

This podcast is sponsored by:

About the Guest:

Brett Pizzuto                                                                                                                                                                                                                                                                                                Business Development Manager                                                                                                                                                                                                                                                    Compensation Solutions Inc                                                                                                                                                                                                                                                bpizzuto@compensation-solutions.com                                                                                                                                                                                                                                        614.799.8439 ext. 201

 

About the Host:                                                                                                                                Mary McCarthy                                                                                                                               Host, The Successful Micropreneur Podcast                                                                           President of Your Management Team, Inc.                                                                          Co-Founder of the Women’s Small Business Accelerator, Inc.

Host Mary McCarthy is the President of YMT Consultants, an entrepreneurial consulting and training firm. It focuses on one-on-one work with microbusiness owners (businesses with 20 or fewer employees, including the solopreneur), assisting them to monetize and create systems for their small businesses.

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