Agents 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…
MOREAgents Corner- Welcome Bob Breazeale
July 12, 2022
Welcome Bob Breazeale! We are pleased to announce Bob Breazeale has joined AlaCOMP as our North Alabama Marketing Representative. Bob brings additional underwriting and marketing experience to AlaCOMP. Bob lives in Huntsville, AL and his expertise and drive will be an asset as we continue to grow in North Alabama.
MOREAgents Corner- AlaCOMP’s Loss Control Specialists
July 12, 2022
AlaCOMP's Loss Control Specialists AlaCOMP’s Loss Control Specialists partner with your insured by providing recommendations that promote a safer workplace. They do this by working collaboratively with our in-house Data Analyst. This allows our Loss Control Specialists to utilize a focused, data-driven approach. AlaCOMP’s Loss Control Specialists are available to meet and work with every member, no matter the size of the business. Additionally, AlaCOMP offers our members a…
MOREAgents 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…
MORE