Essential Solutions for the Hospitality Industry
Facing labor compliance issues, escalating benefit costs, and cyber threats??
ESO Alliance has partnered with Paychex PEO to offer strategic risk management in a PEO partnership designed to secure your hospitality business. Together we are committed supporters of the NYC Hospitality Alliance, providing members with preferential pricing and "Members Only" solutions centered on efficiency, compliance, and proactive risk management.
Depending on what your business may need and your company’s operational philosophies some or all of your high pressure items can be remedied using the business solutions detailed below:
Professional Employer Organization (PEO)
Cyber Security & Insurance
Employment Practices Liability Insurance (EPLI)
PEO Partnership: Your Integrated Back-Office Support
Partnering with a PEO provides immediate access to enterprise-level resources, significantly reducing administrative burden and costs.
Cost Efficiencies:
100% of your FICA Tip Tax credit refund regardless of your annual profitability.
With PEO Partnership you no longer utilize your Workers’ Comp X-MOD rating and now inherit the advantageous X-MOD rating of the PEO provider/partner.
Reduced Workers’ Comp Premiums due to lower X-Mod rating.
Optimized Payroll Processing completed in less time creating more bandwidth for additional projects for your back office team.
HR & Legal Compliance:
Reset Your SUTA Rate to NY State Minimum 4.10% and if currently at this rate we can offer an additional % reduction to NYC Alliance Members.
PEO Co-Employment Structure Greatly Reduces W2 Liability Co-Employment Explained: What It Is and How It Works
Specialized HR, Legal Support and Policy Development.
Mitigation of Litigation Risk and Compliance Fines.
Enhanced Employee Benefits:
Access to Premier Health and Retirement Plans including zero company contribution options.
Compliant New York State mandated Retirement and Paid Family Leave (PFL)
Ability to have different levels of company contribution for management and staff.
Improved talent retention and recruitment tracking.
Essential Cyber Insurance Coverage
Cyber Insurance is a fundamental requirement due to the sophistication of cybercrime (ransomware, data breaches). It is cost-effective when weighed against potential catastrophic financial, legal, and reputational damage.
Protect Your Revenue & Operations:
Coverage for Business Interruption (Lost Income)
Ransomware and Extortion Response.
Safeguard Critical Assets:
Security of Point-of-Sale (POS) Systems.
Data Breach Remediation and Forensic Investigation.
Maintain Trust & Compliance:
Protection of Customer Data (Notification Costs).
Fulfillment of Legal/Regulatory Fines and Penalties.
Reputation Damage Mitigation via PR/Crisis Management.
Employment Practices Liability Insurance (EPLI)
What it Covers: Protects your business against employee lawsuits and associated legal costs (settlements, judgments, and defense fees) for claims such as:
Wrongful termination
Discrimination
Sexual harassment
Retaliation
Defense costs for certain wage and hour disputes
Split cost on Deductible that can be as high as $50,000.00 (50%/50%)
Why Hospitality Venues (Restaurants, Hotels) Should Have It: The industry faces higher risk due to:
High Turnover: A less-tenured, diverse workforce can increase the frequency of claims.
High-Risk Environment: Fast-paced, high-stress conditions can lead to harassment or discrimination claims.
Complex Labor Laws: Increased exposure to issues like wage and hour disputes (tipping, overtime, breaks).
Reputation Damage: Lawsuits can quickly harm a brand's public image.
The ESO Alliance is dedicated to equipping hospitality businesses with the necessary tools to safeguard their employees, minimize operational risk, and ensure confident operation. Our firm also offers independent policy options for a full range of essential business coverage, including:
Workers Compensation Insurance
Payroll Processing
Employee Benefits & Retirement Plans
Paid Family Leave Insurance (PFL)
Employment Practices Liability Insurance (EPLI)
Disability Insurance (DBL)