TeamStaff Notes Renewal of WC Program

March 28, 2003

New Jersey-based TeamStaff, Inc., a Business Outsourcers and Professional Employer Organization (PEO), announced that it has renewed its workers’ compensation program with Zurich American Insurance Company, an A.M. Best’s “A” rated carrier.

The fully insured program with Zurich, which is effective April 1, 2003, is similar to last year’s, but provides for an aggregate cap on losses and a reduction in the amount of required collateral.

Cedar Hill Insurance of Scottsdale, Ariz., a specialist in PEO workers’ compensation insurance, will continue to manage the program. Claims handling services will be provided by GAB Robins. The Hobbs Group, a division of national insurance broker Hilb, Royal and Hamilton, will continue to provide independent workers’ compensation risk management and consulting services to TeamStaff.

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