Meet the Risk Management Team
February 08, 2023
Meet the Risk Management Team AlaCOMP's Loss Control Department is changing its name to the Risk Management Team. Why you ask? The name Risk Management more accurately reflects the Team's methods. With a data-driven behavior-based approach, the goal is to prevent an injury from occurring, working with management and employees to change unsafe practices and promote a positive work attitude. Our Team listens, evaluates, and recommends solutions that cut to the heart of the issue,…
MOREAlaCOMP’s Online Quote/Bind is Now Available!
February 06, 2023
AlaCOMP’s Online Quote/Bind is Now Available! AlaCOMP’s online quote/bind is now available through our easy-to-use portal! A significant number of Codes are bindable online. Class Codes are easily searchable by code or description. 30% credit automatically applied. Quotes $5,000 and below in premium eligible. Do you have questions or need portal access? If so, please contact the Marketing Team.
MOREImportant Audit Info
January 23, 2023
Important Audit Information It’s that time of year! AlaCOMP will be sending out audit requests the week of January 16th. We know your insureds do not like premium surprises, and we do not either. If there is a $5,000 premium increase or decrease this year, we will endorse the current term policy per the audited payrolls. This will reduce the chances of getting hit with a large additional premium audit in the future. AlaCOMP’s underwriters process/sign off every…
MOREWaivers 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…
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