EXHIBIT 10.24

                      COMMERCIAL RISK RE-INSURANCE COMPANY

                       CO-RISK DEDUCTIBLE PAYMENT PROGRAM

           DEDUCTIBLE PAYMENT LOSS PORTFOLIO TRANSFER INSURANCE POLICY


INSURED:                The Vincam Group, Inc.

INSURER:                Commercial Risk Re-Insurance Company - 100%
                        South Burlington, Vermont

TYPE:                   Deductible Payment Loss Portfolio Transfer Insurance 
                        Policy

EFFECTIVE DATE:         December 31, 1996

RETROSPECTIVE
COVERAGE
PERIOD:                 The Retrospective Coverage Period shall include the 
                        period from and including January 1, 1994 through and
                        including December 31, 1996, provided, however, that
                        losses for which coverage is sought hereunder are
                        payable on or after December 31, 1996 (the "Policy
                        Effective Date").

BUSINESS
COVERED:                Business with respect to U.S. situated risks of the 
                        Insured only classified as workers' compensation under
                        those certain insurance policies issued by Liberty
                        Mutual to the Insured as set forth on Schedule A (the
                        "Covered Policies"). Coverage hereunder is on an
                        Occurrence Basis.

PER OCCURRENCE
LIMITS, INDEMNITY
CLAIMS:                 With respect to losses arising from occurrences during 
                        the Retrospective Coverage Period that remain
                        outstanding and unpaid at 11:59:59 p.m. on the day
                        preceding the Effective Date, including incurred but not
                        reported losses ("IBNR"), the Insurer, subject always to
                        the Policy Aggregate Limit of Liability and the other
                        limitations herein specified, will indemnify the Insured
                        for Ultimate Net Loss up to the amount of $500,000 each
                        and every occurrence for indemnity claims, less any
                        amount of Ultimate Net Loss paid with respect to such
                        occurrence prior to the Policy Effective Date, subject
                        always to the Policy Aggregate Limit of Liability and
                        the other limitations herein specified.

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PER OCCURRENCE
LIMITS, MEDICAL
ONLY CLAIMS:            With respect to losses arising from occurrences during 
                        the Retrospective Coverage Period that remain
                        outstanding and unpaid at 11:59:59 p.m. on the day
                        preceding the Policy Effective Date, including incurred
                        but not reported losses ("IBNR"), the Insurer, subject
                        always to the Policy Aggregate Limit of Liability, the
                        Insured's Medical Only Per Occurrence Retention and the
                        other limitations herein specified, will indemnify the
                        Insured for Ultimate Net Loss up to the amount of
                        $498,000 each and every occurrence for medical only
                        claims in excess of the Insured's Medical Only Per
                        Occurrence Retention, less any amount of Ultimate Net
                        Loss paid with respect to such occurrence prior to the
                        Policy Effective Date, subject always to the Policy
                        Aggregate Limit of Liability and the other limitations
                        herein specified.

INSURED'S
MEDICAL ONLY
PER OCCURRENCE
RETENTION:              The Insured shall be responsible for the first $2,000 of
                        Ultimate Net Loss each and every medical only claim
                        during the Retrospective Coverage Period that would
                        otherwise be recoverable under this Policy.

                        The Insurer shall have no liability whatsoever hereunder
                        with respect to any occurrence for which insurance is
                        provided hereunder until the Insured shall have paid the
                        Insured's Medical Only Per Occurrence Retention.

POLICY
AGGREGATE LIMIT
OF LIABILITY:           The total aggregate amount of Ultimate Net Loss for 
                        which the Insurer shall be liable hereunder with respect
                        to all occurrences during the Retrospective Coverage
                        Period is $4,100,959, subject to the terms and
                        conditions set forth herein.

                        IN NO EVENT WILL THE INSURER BE LIABLE TO INDEMNIFY THE
                        INSURED FOR ANY AMOUNTS IN THE AGGREGATE IN EXCESS OF
                        $4,100,959.


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INSURANCE
PREMIUM:                The Insurance Premium for the Policy Period shall be 
                        $3,047,619. The Insurance Premium shall be paid to the
                        Insurer by direct wire transfer on or before December
                        10, 1996.

                        In the event that any amount of Insurance Premium shall
                        not be paid on or before the due date therefor, the
                        Insured shall pay interest to the Insurer on any amount
                        of the Insurance Premium that is due and payable and
                        remains unpaid from and including the due date thereof
                        through and including the date such payment is made at a
                        rate equal to eight percent (8.0%) PER ANNUM.

                        The Insurance Premium shall be subject to a
                        retrospective adjustment (a "Retrospective Insurance
                        Premium Adjustment"). The Retrospective Insurance
                        Premium Adjustment shall be determined by utilizing the
                        calculation below:

                           In the event that the actual audited workers'
                           compensation payroll of the Insured for the Policy
                           Period (as agreed and accepted by the Insured) is
                           greater than $315,000,000, being the estimate of
                           payroll for the Policy Period as furnished to the
                           Insurer by the Insured in connection with the
                           Insurer's entering into this Policy, the Insurer
                           shall calculate a retrospective premium adjustment by
                           multiplying (i) the amount by which the actual
                           audited payroll of the Insured exceeds $315,000,000
                           by (ii) the rate of [*] per $100 of payroll. For
                           the purposes of this Policy, workers' compensation
                           payroll shall include all amounts paid as salary
                           and/or wages, including any amounts paid for time
                           worked in excess of forty (40) hours per week,
                           howsoever defined, all limited in accordance with the
                           N. C. C. I. rules applicable to the particular
                           state(s).

                        The Retrospective Insurance Premium Adjustment shall be
                        calculated no later than April 1, 1997.

                        The Insured shall pay any amount of Retrospective
                        Insurance Premium Adjustment due on or before May 1,
                        1997.

                        The Insured covenants to furnish to the Insurer true and
                        complete information as may be required by the Insurer
                        to permit calculation of the Retrospective Insurance
                        Premium Adjustment.

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                      * Confidential portions omitted and filed separately with
                        the Securities and Exchange Commission.

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CLAIMS REPORTS
AND REMITTANCES:        On a monthly basis, the Insured will provide a detailed 
                        Loss Activity Report of paid and incurred claims
                        hereunder. The Loss Activity Report will be provided
                        within 30 days of the end of each month and shall
                        contain such information as the Insurer shall request
                        from time to time. Remittances shall be made by the
                        Insurer to the claims administration account
                        administered by the Insured's claims adjusters as
                        provided under Loss Payee. 

LETTER OF CREDIT 
OR TRUST ACCOUNT:       To secure its indemnity obligations hereunder, the 
                        Insurer will provide to the Insured, a clean,
                        irrevocable and evergreen letter of credit, issued by a
                        mutually agreed Bank, in each case, which shall secure
                        the obligations of the Insured. Initially, the amount of
                        the security shall be $4,100,959. The Insured agrees
                        that once the Insurer shall have made payments of
                        Ultimate Net Loss, the sum of which in the aggregate
                        exceeds the difference between the Policy Aggregate
                        Limit of Liability and $4,100,959, the amount of the
                        security provided hereunder shall be reduced on a
                        quarterly basis by amounts paid by the Insurer as
                        Ultimate Net Loss during the preceding quarter, and
                        otherwise adjusted for the amount of the liabilities
                        hereunder. In the event that there shall be three
                        consecutive months during which no loss payments are
                        made by the Insurer to the Insured or the loss payee,
                        the Insured and the Insurer shall utilize reasonable
                        good faith efforts to determine if there are any
                        remaining liabilities hereunder and, if so, that the
                        amount of any such remaining liabilities might be for
                        the purpose of adjusting the amount of the security
                        accordingly.

ULTIMATE NET
LOSS AND
ALLOCATED
LOSS ADJUSTMENT
EXPENSES:               The term "Ultimate Net Loss" shall mean amounts for 
                        which the Insured shall be liable as its deductible
                        under the Covered Policies which amounts may include the
                        Insured's share of contractual indemnity arising under
                        the Covered Policies and allocated loss adjustment
                        expenses which the Insured is liable to pay Liberty
                        Mutual as part of its deductible.

                        The term "allocated loss adjustment expenses" shall mean
                        all expenses (except for salaries, benefits and
                        traveling expenses of the Directors, Officers, Employees
                        or Consultants of the Insured or any insurer issuing the
                        Covered Policies, and office expenses, overhead

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                        or other fixed expenses of the Insured or any insurer
                        issuing the Covered Policies) relating to the adjustment
                        of loss hereunder, including expenses and fees
                        associated with policy coverage and declaratory
                        judgement actions and pre-judgement and post judgement
                        interest.

EXPERIENCE
ACCOUNT:                The insurer shall calculate an Experience Account on a 
                        quarterly basis for purposes of this Policy. The
                        Experience Account shall be determined by:

                        1. 100% of the Insurance Premium paid to the Insurer; 
                           LESS

                        2. Amounts paid as Ultimate Net Loss; plus

                        3. 100% of any Retrospective Insurance Premium 
                           Adjustment.

COMMUTATION:            Provided that the balance in the Experience Account is
                        positive, the Insured, upon 30 days prior written notice
                        to the Insurer, may elect to commute this Policy at any
                        time. On the effective date of the Commutation, the
                        Insured shall release the security provided by the
                        Insurer, the Insurer shall pay the Insured one hundred
                        percent (100%) of the Experience Account, and
                        contemporaneously with any such payment, the Insured
                        shall deliver to Commercial Risk a release, in form and
                        substance acceptable to Commercial Risk, duly authorized
                        and executed, releasing Commercial Risk from any further
                        or continuing liability under this Policy.

EXCLUSIONS:             As per the Covered Policies
                        ECO, XPL Exclusion
                        Punitive and Exemplary Damages
                        Absolute exclusion for environmental impairment and
                           pollution claims
                        Business other than that of the Insured.

LOSS PAYEES:            The Insured's claims adjusters, Liberty Mutual, as may 
                        be designated from time to time by the Insured.

GENERAL
CONDITIONS:             The following General Conditions shall be based on the 
                        Commercial Risk Group's standard wording, a copy of
                        which shall be provided upon request:


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                        Access to Records
                        Errors and Omissions
                        Salvage and Subrogation
                        Arbitration Clause, Arbitration Stamford, Connecticut
                        Vermont Law
                        Offset Clause
                        Direct wire transfer of all premiums and losses.
                        The term "Dollars" and "$" mean United States Dollars.
                        Management of Claims and Losses
                        All notices delivered hereunder to be delivered by hand,
                           by telecopier, provided receipt is confirmed by the
                           party to whom addressed, or by an internationally
                           recognized overnight courier service.
                        The Insured shall promptly make available to the Insurer
                           any reports prepared by the Insured's claims manager
                           and/or claims adjusters or administrators with
                           respect to this account.
                        This Policy may be executed in any number of
                           counterparts, each of which shall be deemed an
                           original, and the counterparts shall constitute but
                           one and the same instrument, which shall be
                           sufficiently evidenced by any one counterpart.

REPRESENTATION,
WARRANTY AND
COVENANT:               The Insured represents and warrants that it is legally
                        authorized and empowered to purchase the Insurance under
                        this Policy from the Insurer. The Insured further
                        represents, warrants and covenants that it shall make
                        any required filings and pay any applicable taxes in the
                        State of Florida for which it may be liable as an
                        Insured under this Policy as provided in Fla. Stat.
                        5626.938 (1996) and/or any other provision of applicable
                        law. The Insured shall furnish evidence of any filings
                        or tax payments to the Insurer promptly on making or
                        remitting same.

INTEGRATION,
FINAL AGREEMENT:        This Deductible Payment Loss Portfolio Transfer 
                        Insurance Policy represents the complete and final
                        agreement of the parties hereto and it supersedes and
                        replaces any prior oral or written understandings of the
                        parties including. This Policy shall not be amended or
                        modified except by the prior written agreement of the
                        Insurer and the Insured.

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In accordance with the terms presented above, we hereby confirm our
participation of 100%

COMMERCIAL RISK RE-INSURANCE COMPANY                  Reference No.: 960699


By: /s/ WILLIAM BRIAN ZELL                                     Date: 1-15-97
    ----------------------                                           -------
      William Brian Zell
      Senior Vice President & C.F.O.

Address for Notices delivered hereunder:

One Canterbury Green
Stamford, Connecticut 06901

Attention: Sr. Vice President and Chief Financial Officer

Telecopier Number: 203-358-9932

THE VINCAM GROUP, INC


By: /s/ MARTIN PEREZ                                       Date: 1-21-97
     ----------------------                                      -------
      Name:  Martin Perez
      Title: Vice President & Controller

Address for Notices delivered hereunder:

2850 Douglas Road
Coral Gables, Florida 33134

Attention:
Telecopier No.:

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