Extensis Earns Prestigious ESAC Accreditation

WOODBRIDGE, N.J., Sept. 10 /PRNewswire-USNewswire/ -- Extensis Group LLC., the tri state's leading Professional Employer Organization (PEO), today announced its was approved for accreditation through the Employer Services Assurance Corporation (ESAC) allowing Extensis to provide its clients and employees with valuable assurance through ESAC's Client Assurance Program.

"Our ESAC accreditation is a tremendous distinction for Extensis," said Don Abernathy, President of Extensis, "We are pleased to be able to provide our clients with the financial assurance available as an accredited PEO of ESAC as well as the independent verification of our service quality and financial stability, especially in this time of economic turmoil."

ESAC, established in 1995, provides financial assurance and national standards of operation for the PEO industry. Through its Client Assurance Program, ESAC monitors its accredited PEOs for adherence to important financial, ethical, and operational standards and provides tangible assurance backed by surety bonds of the performance of specific employer responsibilities such as payment of wages, taxes, employee benefits and insurance premiums.

This financial protection program is similar to the FDIC for the banking industry in that it provides reimbursement up to $1 million per participating PEO, plus $10 million in excess coverage for all participating PEOs, for losses to clients, worksite employees, taxing authorities and insurance carriers in the unlikely event that a participating PEO defaults on its financial responsibilities. Assurance is provided through the Employer Services Trust with a major national bank serving as Trustee.

"The development of this PEO industry assurance program parallels the development of similar programs such as the FDIC for the banking industry, SIPC for the securities industry, and the state insurance guaranty associations for the insurance industry," said Rex Eley, Chairman of ESAC. "ESAC accredited PEOs are demonstrating their commitment to protecting the public, insurers and regulators, just as the banking, securities and insurance industries have done over the last several decades."

For more information about how Extensis can assist your business, please call us at (888) 473-6398, or visit www.extensisgroup.com.

About Extensis Group LLC.

Extensis Group LLC. is the northeast's leading Professional Employer Organization, providing outsourced HR, Benefits and Risk Management Services, including Payroll, Tax, Insurance, Human Resources and Regulatory Compliance. Extensis is a member of the National Association of Professional Employer Organizations (NAPEO) and is ESAC certified. For more information call Extensis at (888) 473-6398 or visit www.extensisgroup.com.

    Contact:     For Extensis Group LLC.     John Powell, 888-473-6398 

SOURCE Extensis Group LLC