Important 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…
MOREAgents Corner- Underwriting Flexibility
August 31, 2022
Flexibility …not a word frequently used in conjunction 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." AlaCOMP’s underwriters are experienced, intelligent, and flexible. Consider AlaCOMP as your first choice for your work comp placements. Our underwriters are not…
MOREAgents Corner- Responsive Underwriters
August 31, 2022
Responsive Underwriters AlaCOMP’s Underwriting team commits to rapid response. Our team will let you know they have received your submission and are working on it. That’s it. No drama. Just a responsive Underwriting team. If you have any questions or concerns, please contact our Marketing team.
MOREAgents Corner- Ghost Policy FAQs
August 30, 2022
Ghost Policy: FAQs We have received several questions regarding AlaCOMP’s ability to write Ghost Policies. The two most frequently asked questions are: What is the premium for Ghost Policies? Annual Premium for Ghost Polices 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 of $160 will be in effect for the remainder of the policy term. What type of accounts are eligible for Ghost…
MOREAgents Corner- Out of State Coverage Needed?
August 01, 2022
Out of State Coverage Needed? AlaCOMP’s Cross-Border coverage is the solution. Out-of-State coverage written through Midwest Employers Casualty provides the seamless solution you and your client need. Coverage must be written in conjunction with an active AlaCOMP policy, and out-of-state payroll cannot exceed 40% of the total payroll. For assistance, please contact Marketing or Underwriting . Submissions can be sent to quotes@alacompins.com . …
MOREAgents Corner- Are you using AlaCOMP’s Agent Portal?
July 12, 2022
Are you using AlaCOMP’s Agent Portal? AlaCOMP’s user-friendly Agent Portal makes it easy to submit your application to us. The Agent Portal also allows you to: Access Billing Information Obtain Loss Runs Review Commission Statements Submit Payments on behalf of your client Review and Print Renewal Quotes Review and Print Policy Information Submit Policy Change Requests Review Reported Payroll For assistance with the portal, please contact April Richards , Bob…
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