Special Guest: TEAM Risk Management Strategies

TEAM Risk Management Strategies provides outsourced household employment services, offering nationwide employer of record services to fiduciaries who manage trusts, estates, and guardianships which directly employ caregivers or other household service providers.

TEAM provides a seamless solution to address both the hassles of employee administration as well as the considerable risk of employment-related liability. In addition to handling payroll processing, TEAM manages all recordkeeping and tax reporting, and provides full-service access to human resources and compliance experts. To ensure that fiduciaries and trust assets are fully protected, TEAM provides comprehensive workplace insurance and liability coverage, as well as compliance with ever-changing employment law.

TEAM has served hundreds of the nation’s most prominent banks and financial institutions over the last 19 years and employs thousands of people in all 50 states.

Topics Discussed:

• How to minimize risk when hiring caregivers

• Will my homeowners insurance policy cover injuries of a caregiver while working?

• Employment and liability considerations when a trust is paying for support professionals

• How to hire and retain quality caregivers

• How to build a support team around a trustee to assist with payroll, bookkeeping, tax reporting and employment needs

• How to properly protect the assets in a special needs trust-- LLC, homeowners & liability insurance

• State specific rules when hiring caregivers -

• What is employment liability and why does it matter for a special needs trust?