Agents 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…
MOREAgents Corner- Data-Driven Safety Approach
March 03, 2022
Data-Driven Safety Approach AlaCOMP’s Loss Control Specialists are proactive in creating safer workplaces for your insureds by incorporating demographics and statistical analysis. Our Loss Control Specialists utilize a data-driven approach when working with our insureds. They do this by working collaboratively with our in-house Data Analyst. AlaCOMP has four Loss Control Specialists and a full-time Data Analyst working to improve our insureds safety programs. Sophisticated data…
MOREAgents Corner- AlaCOMP’s Underwriters
January 19, 2022
Here at AlaCOMP, we underwrite accounts, not class codes. Our underwriters are not limited to the typical list of plain vanilla class codes that so many of our competitors are restricted to. AlaCOMP’s underwriters are experienced, intelligent, and aggressive. While not looking for substandard placements, our underwriters are empowered to look at your “diamond in the rough.” If you have any questions or need assistance on an account, please contact our…
MOREAgents Corner- Audit Season 2022
January 18, 2022
Welcome 2022, may it be better than 2021! The arrival of 2022 means our underwriters are gearing up for audit season. Yes, you read that correctly, our underwriters. At AlaCOMP, we do not have a separate Audit Department. Our underwriters sign off on every audit. They view premium audits as an extension of the risk management process. Audits are not viewed through the lens of an accountant at AlaCOMP. If it is discovered that a class code change needs to be made, notification is sent to…
MOREAgents Corner- Happy Holidays
December 22, 2021
Navigating 2021 has not been easy for anyone. Producing and renewing insurance accounts is a challenge any year, let alone in the second year of a pandemic. That is why we value each of you and your hard work. Our relationships with our business partners and friends are priceless. We are looking forward to a brighter 2022 and enjoying the privilege of being able to continue to work with each of you Happy Holidays from AlaCOMP.
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