Georgia Construction Today - First Quarter 2009 - (Page 15)

feature Chapter’s Workers’ Compensation Program Delivers Greater Value with Multi-State Coverage By Stan Deese, Vice President, Affinity Service Group In 1982, CompTrustAGC of Georgia was established as an alternative risk ﬁ nancing mechanism for workers’ compensation coverage for Georgia Branch, AGC members. Chapter leadership recognized the need to provide a stable and effective way to control escalating costs of workers’ compensation insurance. Thus, our program was speciﬁcally designed for Georgia's commercial construction ﬁ rms and has always been owned by the participating members. To help Georgia Branch, AGC contractors limit workplace accidents and resulting costs, CompTrust founders created the insurance program to include ﬁrst-class managed care for work-related injuries, safety incentive programs, effective claims practices, proactive safety and loss control services and employee safety training. In 2008, after more than 25 successful years operating as a self-insurance fund, CompTrustAGC of Georgia converted to a mutual captive insurance company. This conversion required a name change, thus the program is now operating as CompTrust AGC Mutual Captive Insurance Company (MCIC). Two major beneﬁts spurred this conversion: eliminating joint and several liability and allowing participants multi-state coverage. Recent changes to insurance laws allow mutual captive insurance companies’ coverage under Georgia’s Insolvency Pool, thereby removing all joint and several liability from the CompTrust AGC MCIC program. The second key reason for initiating the conversion was to meet member requests for “one-stop” coverage. CompTrust is now in a position to have policies written for work in all 50 states for qualifying general and specialty contractor members of Georgia Branch, AGC. Out-of-state coverage is provided on a policy form from a well-respected national carrier with an A.M. Best rating of A (Excellent) and a ﬁnancial size category of XV ($2 billion or greater). The A.M. Best rating system is the general standard and most widely-accepted company in insurance ratings. Regardless of whether a contracting ﬁ rm needs a Georgia-only or multi-state policy, participants of CompTrust are guaranteed the same dedicated services and access to the same people who have made this workers’ compensation program successful over so many years. While these new amenities offer a tremendous change in the types of beneﬁts we can offer a contractor, the core principle for Georgia Branch, AGC’s workers’ compensation program is the same – offer superior loss prevention and safety services in conjunction with exceptional claims practices in an effort to continue reducing the frequency and severity of claims contractors experience. Over the years, the results of this philosophy have allowed CompTrust to return more than $24 million in dividends to program participants. While many insurance providers are quick to advertise these practices, Georgia Branch, AGC’s insurance mechanism puts them into practice! We encourage anyone in the market for quality workers’ compensation insurance that includes a comprehensive menu of value-added beneﬁts to contact a current CompTrust AGC MCIC participant for testimony on how their ﬁrm beneﬁts through our coverage. By working in partnership, the staffs of Georgia Branch, AGC and Afﬁnity Service Group (AGC's wholly-owned third party administrator), along with the members of the CompTrust AGC MCIC Board of Directors, are committed to providing program participants with the best possible value in workers’ compensation coverage. We remain diligent in our efforts to tailor services for the commercial construction industry, and several staff members stand ready to help answer your questions about coverage through CompTrust AGC MCIC. For more information, please contact CompTrust AGC MCIC representatives Teresa Diamond or Lisa Wood. They can be reached by phone at 678-298-1880 or by their respective e-mails, tdiamond@comptrustagcmcic.com or lwood@ comptrustagcmcic.com. You may also have your insurance agent contact CompTrust directly for a quote. Currently, more than 170 general and specialty contractors believe in the powerful beneﬁts and service offered by CompTrust; call today to learn how it can really make a difference for you! ■ 15 Georgia CONSTRUCTION TODAY FIRST QUARTER 2009

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Georgia Construction Today - First Quarter 2009 Contents Message from the President Leading in Tough Economic Times Breaking the Cycle of Workforce Insanity Chapter’s Workers’ Compensation Program Delivers Greater Value with Multi-State Coverage Am I Getting Enough from My Insurance Broker? Change Has Arrived: Georgia’s New Lien Law Index to Advertisers

Georgia Construction Today - First Quarter 2009

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