Waivers of Subrogation- Automatic Renewal!
January 04, 2023
Waivers of Subrogation AlaCOMP can provide Blanket and Specific Waivers of Subrogation. You do not need to request an annual renewal of your Waiver. Once the Waiver is in place, it automatically renews. You only have to touch an AlaCOMP Waiver once! AlaCOMP can also provide a 30-day Notice of Cancellation Endorsement. The endorsement provides 30-day notice for any reason other than non-payment, which is ten days, and the endorsement fee is $50. Annual Waiver fees are: $250 for a Blanket Waiver…
MOREGhost Policies- No Payroll Added!
January 04, 2023
Ghost Policies AlaCOMP writes true ghost policies. We do not apply any additional payroll. All AlaCOMP's ghost policies are quoted with zero payroll. Our annual premium is $750 plus $190 membership dues. The employer must not have any employees, day laborers, or subcontractors. Owner is excluded Premium is fully earned and prorated if written mid-term AlaCOMP can quote a ghost policy on any risk within our standard appetite If you have any questions, please reach out to Marketing. AlaCOMP…
MOREHappy Holidays from AlaCOMP
January 04, 2023
Happy Holidays from AlaCOMP It has been a phenomenal year at AlaCOMP, and collectively we have much to be thankful for. First and foremost, we are grateful for the relationships we have with you, our agent partners. All of us here at AlaCOMP wish each of you a safe and joyous holiday season and a heartfelt and blessed Happy New Year.
MOREAlaCOMP Wishes You a Happy and Safe Holiday Season
January 04, 2023
AlaCOMP Wishes You a Happy and Safe Holiday Season As you know, the holidays are a time of fun and celebration. We value our agent friends and partners, so please remember a few safety tips. Fire safety is essential. If you are frying a turkey, don’t fry it in the garage. Please take it outside, away from your house. Safe driving matters. Responding while driving to an email inquiring about an upcoming renewal can wait until you arrive at your in-laws. Ladder safety is essential. When…
MOREAlaCOMP’s Minimum Premium Guidlines
January 04, 2023
AlaCOMP Minimum Premium Guidelines AlaCOMP’s minimum premium is $1,000, with a few exceptions. Our exceptions are: Artisan Contractors, excluding lawn care and janitorial services, minimum premium is $1,500 Churches and Daycares minimum premium is $5,000 Local Trucking minimum premium is $10,000 Long haul minimum premium is $25,000 Please contact the Marketing Department if you have any questions regarding minimum premiums.
MOREImportant AlaCOMP Renewal Information
October 31, 2022
Important AlaCOMP Renewal Information Renewal season has begun, and here are three important dates to remember regarding your 2023 AlaCOMP Renewals. Week of Oct. 24: Renewal Experience Mod Factors will be posted on Agents Portal Week of Nov. 21: AlaCOMP will release renewal quotes on the Agents Portal Week of Nov. 28: Renewal invoices will be mailed to members If you have any questions or need additional information regarding AlaCOMP’s renewal process, please contact the…
MOREBilling and Payment Options
October 31, 2022
Billing and Payment Options Did you know AlaCOMP offers four payment plans and that we only require 10% down? Annual Pay Quarterly Pay Monthly Installment-10% Down Monthly reporting-10% Down Additionally, AlaCOMP is one of the few work comp markets flexible enough to offer the option of quarterly payment. We also encourage all our insureds to take advantage of our online billing system: Conveniently pay invoices online Make a one-time payment Schedule payments before the due date Sign-up…
MOREAgents Corner - Ghost Policy Season
October 24, 2022
Do you know what season it is? It’s Ghost Policy Season! AlaCOMP can write ghost policies on any account that fits our current appetite. Premium is fully earned The employer must not use any employees, day laborers, or subcontractors Owner is excluded Our annual premium is $750 plus $185 in membership dues for a total of $935. Premium is pro-rated for mid-term binds. Next time you need help with a ghost policy, think of AlaCOMP. If you have any questions, please reach out to…
MOREAgents Corner- 30th Anniversary Giveaway
September 07, 2022
As part of our 30th year in business, we wanted to do something special for our Agents. We are giving away 30 gift baskets. To be entered, read the piece below, click the link at the bottom, and complete the crossword puzzle. The giveaway begins today, Sept. 7, and runs through Wed., Sept. 28. Are All Workers Compensation Carriers the Same? No, they are not... Consider this: For 30 years, AlaCOMP has specialized in nothing but…
MOREAgents Corner - Artisan Contractors, AlaCOMP Wants Them!
September 02, 2022
Artisan Contractors, AlaCOMP wants them! AlaCOMP is your market for Artisan Contractors. While we don’t write general contractors, roofers, framers, or gutter installation, we can write your average Artisan and those that are more difficult to place, like residential painters, siding installation, and swimming pool construction. AlaCOMP’s minimum premium for Artisan Contractors is $1,500. If you have any questions, please contact Underwriting or Marketing. ** Please know that…
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