AlaCOMP Offers Deductible Options
March 28, 2023
AlaCOMP Offers Deductible Options AlaCOMP can provide deductible options ranging from $5,000 to $500,000. We offer thoughtful real-world solutions tailored to fit your insured's needs. Contact AlaCOMP’s Marketing Team to learn more.
MOREAlaCOMP’s Online Quote/Bind is now ACTIVE
March 28, 2023
AlaCOMP’s Online Quote/Bind is now ACTIVE Wow! The initial response to AlaCOMP’s quote/bind portal has been incredible! Agents have been able to quote and bind accounts in as little as 4 minutes. Our new system offers the following: Quotes $5,000 and below in premium eligible. 30% credit automatically applied. Class Codes are easily searchable by code or description. If you have not had an opportunity, check out our portal to see how easy quote/bind is to use. If you need…
MOREUnderwriting Flexibility
March 28, 2023
Underwriting Flexibility Flexibility … not a word that is generally associated with the underwriting process. AlaCOMP underwrites accounts, not class codes. While not looking for substandard placements, our underwriters are experienced and have the flexibility and authority to look at your “diamond in the rough." Consider AlaCOMP as your first choice for your work comp placements. If you have questions or need assistance, please contact our Marketing Team or Underwriting…
MOREMeet 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,…
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.
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