Agents Corner- AlaCOMP Minimum Premium Guidelines
July 12, 2022
AlaCOMP Minimum Premium Guidelines AlaCOMP’s minimum premium for most industries quoted is $1,000. 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 If you have any questions regarding our minimum premium guidelines, please contact Bob Breazeale or Karl Peterson . …
MOREAgents Corner- Artisan Contractors
June 03, 2022
AlaCOMP wants Artisan Contractors AlaCOMP's Minimum Premium for Artisan Contractors is $1,500! We are a market for most Artisan Contractors. However, General Contractors, Roofers, Framers, and Gutter Installation are ineligible classes. If you have any questions on AlaCOMP's eligible class codes or minimum premium requirements please don't hesitate to contact Karl Peterson , Bob Breazeale or our Underwriting Department . *Please note that…
MOREAgents Corner- Waivers of Subrogation
June 03, 2022
Waivers of Subrogation AlaCOMP can provide Waivers of Subrogation, both Specific and Blanket. Annual Waiver fees are: $250 for Blanket Waiver $25 for Specific Waiver 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 10 days, and the endorsement fee is $50. If you have any questions, please contact Karl Peterson .
MOREAgents Corner- Out of State Coverage
June 02, 2022
Need Out of State Coverage ? AlaCOMP Has You Covered. AlaCOMP’s cross-border program written through Midwest Employers Casualty provides a seamless solution for you and your client. Out-of-state policies can be written in conjunction with an active AlaCOMP policy, and we can issue a short-term policy to coincide with the Alabama policy. Submissions can be sent to quotes@alacompins.com . If you have questions or need help, please contact Karl , Bob or Naomi . **Please remember that…
MOREAgents Corner- AlaCOMP Writes Ghost Policies
April 13, 2022
AlaCOMP Writes Ghost Policies AlaCOMP writes Ghost Policies. Ghost Policies must fit the following criteria: Employer must not use any employees, day laborers, or subcontractors Owner is excluded Our team will quote and bind a Ghost Policy on any account that falls within our current underwriting guidelines. Annual premium for Ghost Policies is $750 plus $185 membership dues. The premium is fully earned but is prorated for mid-term binds. After October 15, 2022, a minimum premium…
MOREAgents Corner- Audit Season Closing
April 13, 2022
Audit Season Closing Soon Our Underwriting Team has been hard at work processing AlaCOMP's 2021 Final Audits. We want to remind you audit season will be closing soon. If you or one of your clients has a question or needs help finishing their audit, don't hesitate to contact our Underwriting Team . At AlaCOMP, our underwriters process our audits, saving you time and limiting the headaches that are inherent in the audit process. A better way of handling audits - Another AlaCOMP Difference…
MOREAgents Corner- AlaCOMP’s New Online Payment System
April 13, 2022
AlaCOMP has launched our new easy-to-use online payment system. Although the new electronic billing system is optional, we are encouraging all our insureds to opt-in and take advantage of these easy-to-use features: Conveniently pay invoice(s) online through our portal Make a one-time payment Schedule payments before the due date Sign-up for AutoPay for current installments and audit balances Enroll in Pay by Text Making our insureds lives easier makes our agents lives easier. If you have any…
MOREInvoice Cloud is Going Live
March 03, 2022
We are going live! We are very excited to announce that our new electronic invoice system is now active! Do you make payments for your insured? This feature is now available to our agents to make those payments. It's easy to Pay! Please login to the agent portal and follow the instructions below: To make payment: Log into the portal Click view “My Policies” In the drop-down menu, click “View Policy” Click…
MOREAgents Corner- New AlaCOMP Contractor Minimum Premium
March 03, 2022
New AlaCOMP Contractor Minimum Premium AlaCOMP has lowered the Minimum Premium for Artisan Contractors to $1,500! We are a market for most Artisan Contractors. However, General Contractors, Roofers, Framers, and Gutter Installation are ineligible classes. Please note that membership dues are not included in the $1,500 minimum premium calculation. If you have any questions on AlaCOMP's new minimum premium or eligible class codes, please don't…
MOREAgents Corner- Audit Season Is Here
March 03, 2022
Audit Season Is Here AlaCOMP premium audits were mailed on January 28th. AlaCOMP does not have a separate Audit Department. Premium audits are viewed as an extension of the risk management process. Our underwriters process or sign off on every audit. Premium audits, conducted by those who know the insured best, are another AlaCOMP difference. All policies are auditable, even Ghost Policies. If you have any questions or need additional information please click here or contact…
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