PayGo Workers' Comp and General Liability

For Companies that Need the Right Policy at the Right Price

Peace of Mind

i Insurance Group has teamed up with several regional and national carriers to develop a new program designed specifically for blue collar industries.

Ask business owner what their largest expense and biggest headache is, and they will answer:

Workers comp and General Liability insurance:

• Year end audits and additional unexpected premiums.
  
• 25 -50% down payments that can negatively affect cash flow.

Here is What We Offer:

• Very competitive rates.
  
• Quotes and binding with 48 hours.
  
• Deductible programs.
  
• No upfront monies.
  
• Custom Programs built to fit each Companies’ needs.

Documentation Needed:

• Acord 125 and 130.
  
• 4 years loss runs. Valued within 90 days.
  
• Expiring Dec/information pages
  
• A brief narrative or company brochure describing daily operations.
  
• Experience modifier report.

PayGo Guidelines

Quotes

• Acord 125 & 130
  
• Currently valued loss runs (Loss runs printed over 90 days from bind date are not acceptable)
  
• For startups - complete resume from owner/officers in lieu of loss runs
  
• Current Experience modifier report
  
• Narrative – informal description of daily operations
  
• Expiring Audit or Declaration page, including rates and payroll figures
  
• Target premium if available

Binding

• Signed acord applications
  
• Signed quote and binder
  
• Signed contract and/or addendum* if needed
  
• Cashiers check for any fees or collateral funds
  
• Employee roster with employee names and Social Sercurity Number

Payroll Billing

• Client Company will report payroll for premium calculation/billing in sync with the client companies’ payroll cycle. i.e., if employees are paid weekly, premium billing will be weekly.
  
• Payroll reports must be sent to iInsurance group via email or fax no later than 3 days after payroll period ends.
  
• Payroll reports must include the following information:
  • Employee first name
    
  • Employee last name
    
  • Employee Social Security number
    
  • Workers Comp class code
    
  • Gross pay for that payroll period

Premium Billing

• i Insurance Group will generate an invoice based on payroll report, and forward to client company upon completion. On the evening in which the premium invoice is generated, the carrier will ACH(debit) the amount directly from the insured’s bank account.

Claim Reporting

• Report claims in 24 hours to ensure timely investigation by Third Party Administrator can be conducted
  
• All claims are investigated for compensability, subrogation, and pre-existing factors