In this agreement the employee service provider promises to maintain worker's compensation insurance on the employees being provided, and further agrees that client shall have no liability for any contributions, taxes or assessments required to be paid or withheld for employees of provider, including but not limited to federal, state or local income, payroll expense, head tax or school board taxes, unemployment compensation, workers' compensation, disability, pension, retirement income security, Medicare, or Social Security.
The Iowa Agreement of Employee Service Provider to Maintain Workers Compensation Insurance is a legally binding contract that outlines the obligations and responsibilities of an employee service provider regarding workers' compensation insurance coverage in the state of Iowa. This agreement is mandatory for businesses or individuals engaged in providing employee services, such as temporary staffing agencies, professional employer organizations (Pets), and leasing companies. This agreement ensures that the employee service provider maintains adequate workers' compensation insurance coverage to protect its employees in the event of work-related injuries or illnesses. By signing this agreement, the service provider acknowledges their duty to comply with the Iowa Workers Compensation Law and provide appropriate insurance coverage as required by the statute. The agreement clearly outlines key components such as: 1. Parties involved: This section identifies the legal names and contact details of the employee service provider and the client utilizing their services. It is important to accurately represent both parties to ensure the validity of the agreement. 2. Insurance requirements: This section specifies the minimum workers' compensation insurance coverage that the employee service provider must maintain. It includes policy limits, effective dates, and the statutory requirements set forth by the Iowa Workers Compensation Law. 3. Indemnification clause: The agreement typically includes an indemnification clause where the employee service provider agrees to indemnify and hold harmless the client against any claims, damages, or liabilities arising from their failure to maintain adequate workers' compensation insurance. 4. Notice of cancellation: This part states that the employee service provider should provide prompt written notice to the client if their workers' compensation insurance policy is canceled or modified in any way. This ensures that the client is informed and can enforce compliance with the agreement. Types of Iowa Agreement of Employee Service Provider to Maintain Workers Compensation Insurance: 1. Temporary Staffing Agency Agreement: This agreement is specific to companies that provide temporary employees to clients. It outlines the responsibilities of the temporary staffing agency to maintain workers' compensation insurance coverage for their employees placed at client worksites. 2. PEO Agreement: A Professional Employer Organization (PEO) provides comprehensive HR services to clients, including employee benefits and workers' compensation coverage. This agreement outlines the PEO's role in managing workers' compensation insurance for the client's employees under a co-employment relationship. 3. Leasing Company Agreement: Leasing companies lease employees to clients for a specific period. This agreement specifies the leasing company's obligation to provide workers' compensation insurance coverage for these leased employees throughout the lease duration. It's important for both the employee service provider and the client to fully understand and comply with the terms outlined in the Iowa Agreement of Employee Service Provider to Maintain Workers Compensation Insurance. This agreement ensures legal compliance, mitigates potential risks, and protects the interests of all parties involved.
